Tuesday, August 26, 2008

Savings 101 : Five Ways To Save Today

Business Week quizzed financial advisors for tips on how to reduce expenses while boosting savings. Here's a continuation of the savings tips:

6. Re-evaluate Your Phone Plan
Maybe you are not using all of your minutes on your cell phone plan. Chop down your service plan to save a lot of money. If you have a land line and a cell phone, maybe only one is necessary.

7. Cut Your Lawn
If you have a yard, start cutting your own lawn instead of hiring someone to do so. Use a push mower for a great work out, or listen to your iPod and ride along.

8. Consolidate Your Driving
Plan out your errands into one trip. You will save gas, and time. You can also walk, bike, or rollerblade nearby.

9. Track Your Expenses
Keep an eye on all of your cash so you know where, and how much you are spending. This will help you take control of your finances.

10. You May Have Too Much Insurance
Raise your deductibles for auto and home insurance, and check your life policy if you don't have any dependents.

Click here for savings tip No. 1-5.

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