10 Ways to Cut Expenses
Welcome to another day in my life. Today is Thursday and I hope you are having a beary safe and great week so far. It is another busy week for Dab the AIDS Bear and me.
Because living with HIV can be so expensive, many of us living with HIV have to really budget every dollar. So for the next two days, I will be blogging about how you can cut expenses.
1. Lunches Out
Brown-bag your lunch every day at work and you could easily save $25 per week. That's a savings of about $1,300 per year, or more than $50,000 over a 40-year career!
2. Premium Gasoline
Most car experts agree you're wasting your money by using a higher grade of gas than the manufacturer recommends. Premium grades cost about 20 cents to 40 cents more per gallon than regular unleaded. You could save up to $5 per week on filling up, or more than $250 savings a year if you fill up once a week.
3. Books, Magazines, DVDs and More
The average American household spends about $200 per year on books alone (U.S. Census Bureau), most of which could be borrowed for free from any of the nation's 17,000 public libraries.
4. Walk to Work
If you live close enough to walk to work, you'll not only get free exercise, but also save a tremendous amount of money. Based on AAA data, the typical U.S. work commute by car costs about $4,000 per year. If you were able to invest that at a 5 percent rate of return, by the end of a 40-year career you'd have a retirement nest egg of $535,519.01 — and a terrific pair of legs!
5. Skip the Convenience Store
I recently compared prices on 10 common grocery items at a convenience store and at the supermarket right next door. The supermarket came in a whopping 45 percent cheaper on the exact same items! That's saving more than $2,300 per year if you spend at least $100 on groceries each week.
Tomorrow I will finish blogging about more tips to help cut your expenses.
Hope you have a beary safe and great Thursday!
Until we meet again; here's wishing you health, hope, happiness and just enough.
big bear hug,