1. Take Care of YourselfEat right, exercise, and get plenty of sleep. In a midst of a recession, the last thing anyone wants is a plate full of medical bills.
2. Cut Up Your Cards
How many credit cards do you actually need? According to Reader's Digest, the average American household has 9, but 2-3 cards should be enough. Cut up all unnecessary cards, but don't close down the accounts. Closing an account tells the lender you are using more of the now-reduced line of credit available to you, causing lenders to worry.
3. Save Money on Food
Food is a major expense for all of us. Eating low quality food or starving yourself is not the way to save. Instead, try growing your own food if weather permits. Canning your home-grown food may take a lot of time, however your savings will be high. Ethnic food is usually lower in price, however highly nutritious.
4. Extra Beverages
Cut out all unnecessary beverages. This may seem like common knowledge, but how many of us still buy coffee halfway into the workday? Lattes, Soda, Beer, Bottled Water... these beverages add up fast. Tap water is free, and nutritious.
5. Enjoy a Night In
Going out can be expensive. Instead of going out tomorrow night, enjoy a night of at home entertainment. Rent a movie, browse the Web, read a book, or play a board game with your family.
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