Save money by eating in!

19
August

This recession has left many Americans dizzy. It seemed to just sort of creep out of nowhere and then boom! It was a slow process at first, but then the American people caught on to what was happening and panicked. There is nothing worse for the American economy than panic. The economy is based off of consumer optimism, if the consumers panic then they stop spending and then small businesses stop making money and then big businesses stop making money and then people lose their jobs and then there is even less spending and it goes around and around and around.

If you are one of the many workers who have either been laid off, or had hours cut, or a large pay decrease or maybe you are making even more money than two years ago but you are scared of what could happen then you have most likely tried to figure out how you are going to make it out of this recession alive….financially speaking of course. You do not want to lose your savings or your home, but you need to eat and your kids need to go to school and the house needs to be paid for. It is one of the worst times in American history. If you are feeling the stress and think you will shortly lose your mind because of this economy, here are a few ways to help you cope. There are always places to scale back (although sometimes we don’t want to admit it) and there are always ways to be more efficient with your spending.

Use budgeting software.

In today’s technological age you do not need to spend money on fancy budgeting tools. There are free websites that allow you to input all of your bank accounts, loans and credit cards all under one convenient roof. From here you can view one master transaction history of your spending and income. This software is designed to help you understand where your money goes, it basically analyzes every penny spent for you, so there are no excuses for not realizing you spent $200 at the club last weekend!

This budgeting system will help you trim the fat off of your spending. You will see endless pie charts and graphs that will help you track where every dollar you spend goes. No more blind paying the credit card bill, now you will see your spending as clear as day. This will help you track your progress as well when it comes to attempting to cut out some unnecessary expenses. You can compare month after month to make sure that you are making steps in the right direction.

Try Public Trasportation.

Nobody really wants to use public transportation. We would all rather be sitting by ourselves in our own car and not next to a stranger on a crowded bus or train at 7 AM. Saving money on gas is one of the biggest ways people clear up a little extra cash. If you drive to and from work every day, say a total of about 50 miles a day, you are likely spending near $200 a month on gas! Not to mention all the oil changes and car repairs that come with driving 250 miles a week to work.

If public transportation is not an option for you, try to carpool. You can cut your transportation in half or maybe even more if you get a group from work to meet at a central location every morning and take the dreaded ride together.

Eat in, not out.

The place that Americans waste the most amount of money is at restaurants. If you just cut out one night with the family or girlfriend a month you could save up to $200. Make a romantic dinner at home and rent a redbox movie for $1. You can even buy a cheap bottle of wine for $10 rather than $10 a bottle.

Remember that we are all in this together and we will all crawl out of this together. With some discipline and a little bit of hard work mixed in with being a little anal about your money you can find ways to save a few hundred dollars a month easy. Keep up the hard work!

This post was written by

jason – who has written posts on Budget Clowns.
Father of three and married to a lovely women. Always looking for ways to save money, and invest it properly for my children's future.

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