Menards - How to Save Money in a Economic Downturn and Beyond
What up. Today, I learned about Menards - How to Save Money in a Economic Downturn and Beyond. Which is very helpful if you ask me so you.Do you know - How to Save Money in a Economic Downturn and Beyond
Does the economic uncertainty have you flustered? Well, now you can have some sense of accomplishment by cutting your costs and therefore freeing up additional cash for saving or other required cash outlays. There are several steps you can take to save on your monthly budget. I managed to decrease my personal cash outlays by over 00 per month.
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First, review your monthly bills and put them into three categories. The First category is "A bill that can not be eliminated at this time". The second category is " A bill that may be able to be reduced". The third category is "A Bill that can be eliminated".
Then review them with your spouse or on your own or even with a friend or family member. I have put together an example to make it quite clear how to handle this step:
My monthly cash outlays where varied and our described below. I was able to reduce my electric bill from 0 to . The Gas Bill went down from 0 to 0. The Water Bill dropped from to . The Cable Bill dropped substantially from 0 to . The cell phone bill was lowered by 60% and dropped from 0 to . The DSL Bill was lowered by 50% and went from to . I eliminated my Nanny completely and saved 00 per month. I do not have any car payments at this time. My mortgage payment and rent stayed the same at 50.
Electric Bill
You probably won't be able to eliminate this bill, but there is a good chance you can reduce this bill. Common Sense will help you reduce your bill. I was able to buy "Low Energy" bulbs at Menards for under a piece. I replaced all my bulbs with more efficient bulbs. Also, I made sure the family was aware of the bill and how important it is to turnoff lights when you leave a room. Also, I installed solar powered outdoor lights to light up my driveway and walkway. Another way to save is to remember to unplug your toaster and laptop when not in use. These items pull electricity from your home even when not in use. Also, if applicable consider a small wind turbine,solar energy, or other alternate energy source. I am planning on installing a wood furnace in my summer home because it will heat my workshop and my house for pennies vs. 0's of dollars per month.
Gas Bill
I keep my house set at 68 degrees rather then 72 degrees. Also, if I am planning on being away from the home for any extended period of time, I will change the setting to a lower temperature in the winter and a higher temperature in the summer. Also, if you have a fireplace consider changing it to a more efficient Wood Burning Furnace.
Water Bill
I replaced my faucets and shower heads with more efficient plumbing fixtures. These are not only energy savers but also cost savers.
Cable Bill
I got caught up in a temporary price offering from Comcast. They raised my prices without notice after the preliminary time period expired. I got rid of my DVR and switched to just basic cable.
Cell Phone Bill
I reviewed my cell phone bills and decided to change carriers to an unlimited plan for less than half the cost of my existing provider.
DSL Bill
I was conveniently put on the fastest DSL service by my provider and switched to a slower but still usable service for around half the cost.
Nanny
I eliminated my Nanny and have the wife taking care of bookkeeping at home rather than driving into the office.
Car Payment
I fortunately don't have a car payment but I do own two cars. I considered selling one of my cars but have not done so at this point. You may consider selling a car you still owe payments on and purchasing a used car with cash with a better gas mileage vehicle. Also look on Mapquest and they have a gas price listing throughout the nation which shows you who has the best gas prices in your area.
Mortgage Payment or Rent
You may be able to get a new fixed rate mortgage at a lower rate, which may be able to reduce your monthly outlay. I don't like ARMS but if believe in an Adjustable Rate Mortgage you may consider that too.
If you rent, you, may consider a smaller more efficient apartment which can save you quite a bit. There are many nice properties for rent which may be better insulated and have more efficient utilities.
I was able to save almost 00 per month be cutting back on some monthly bills.
Next, I tried to make a list of all my expenses and reviewed all my credit card and debit card purchases.
below is a list of some of the major costs I incur on a weekly basis:
Out to Lunch $ 10 x 20 per month= 200 per month bag lunch
Out to Dinner $ 15 x 20 per month=300 per month bag dinner
Movies Out $ 50 x 2 per month= 100 per month (2 movies per week REDBOX)
Dinner Out with Family 0 x 4 per month=600 0 per month(2 meals at each)
Groceries 0 x 4 per month=800 0 per month(Shop at ALDI's and COSTCO)
A savings of another 00 per month! How did I do that?
Out to Lunch
I use to go out to lunch everyday but now bring a bag lunch and save 0 per month!
Out to Dinner
I use to go out to dinner almost every night but now bag that meal too and save an additional 0 per month.
Movies Out
I use to take the family to to a movie twice a month. Now I take the "Kids" to the RedBox and we get two movies for . A savings of another per month.
Dinner out with Family
I reduced the dinners out with my family to two per month and also picked out more reasonable dinners to dine at. A savings of another 0 per month.
Groceries
I stopped shopping at Jewel and Dominicks for the most part. I now get most of my canned goods at ALDI and also shop for meat and some other items at COSTCO. Also, remember three important shopping techniques. One, buy only what is on your shopping list. Two, don't go shopping hungry. Three, don't bring the kids shopping or be very disciplined if you do! Also, remember to get whatever coupons you can "of necessary items" from the newspaper, mailing, or internet. I like to make my list first and then go on the internet to coupon sites and try to find the items only on my list. Don't be tempted by items you don't really need just because you have a coupon, this is a common mistake. Another example of a way to save is make it homemade rather than buying a package. The pre-made foods are convenient but more costly. One easy way to cook a meal is to prepare it in the AM before going to work and cook it in a crock pot. I try to figure my meals with a maximum budget of per main course, with 4 people in my household that translates to .50 person per dinner. A spaghetti dinner can obviously be very inexpensive maybe .00 for the whole family but if you buy a roast or chops or steaks it is difficult to do for sometimes. I will sometimes splurge for a meal around one time per week and spend as much as .00 on the main course. Also, remember not to cook too much food. A lot of people cook enough for two meals and then end up throwing away half the leftovers.
Also, don't buy drinks or food at gas stations or food pantries. Plan your food and drink for the week and bring it with you from home. For example, I use to buy 5 drinks a day from the gas station at .50-.50 per drink and you can buy a case of pop for .00 which could last you all week a savings of about .00 per week. I have learned the best way to avoid temptation is by paying at the pump, then you can't be tempted to buy something inside the store.
I have managed to save about 00 per month which is quite a savings. The economic downturn has taught me that there is almost an unlimited number of ways to save money!
I hope you have new knowledge about Menards. Where you may offer use in your evryday life. And most significantly, your reaction is Menards. Read more.. How to Save Money in a Economic Downturn and Beyond.
How to Save Money in a Economic Downturn and Beyond (with Health & Product)
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