Monday, April 20, 2009

Three Easy Ways to Save Money

Quick tips

Save money on groceries by paying with cash.

Save money on groceries by paying with cash.

CNN Money recently produced a list of simple ways to save money here are my three favorites:

1. Pay for groceries with cash

Studies have shown that people spend 12 percent more when they are using credit or debit cards to pay for clothing and food.

We all have a food budget. Next time you go to the grocery store, instead of putting it on your debit card, pull cash out of your bank account. If you get to the register and don’t have enough cash, put some things back. Imagine the cash you took from your bank account is a payday loan, and it’s all the money you have.

2. Scoot away from gas costs

CNN Money recommends, if you want to save money on transportation, buying a scooter. Scooters get great gas mileage compared to cars. Between gas, insurance and vehicle payments, CNN estimates you’ll save $3,621.

3. Bring your own wine to dinner

You may feel a little silly or awkward carrying your own bottle of wine into a restaurant for dinner, but I assure you people do it all the time. It’s true that restaurants generally charge a corkage fee for patrons who bring in their own wine. However,  purchasing wine at the grocery store and paying the corkage fee is still less expensive than buying a restaurant bottle of wine.



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