Sunday, November 16, 2008

Saving More, Spending Less - Saving $1500 to $2500 a Month

Stretched thin financially? The Wall Street Journal has a good video of two financial advisers (twins) discussing tips on how you can save $1500 to $2500 a month. I think it will be a little tough for people to save as much as the advisers claim, but their recommendations are good regardless.

Here's some highlights:

(1.) If you drive less than 15,000 miles per year, contact your insurer and negotiate a low mileage discount.

(2.) Stop eating out. The average American spends $34 each time they go out to eat.

(3.) Stop paying for services you can do yourself. Examples include:
- manicures
- pedicures
- grass cutting
- hair coloring
- maid service
- oil change, basic maintenance (my addition)
- car wash (my addition)

Here's the video of Jonathan and David Murray (video).

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