10 Ways To Slash Your Budget
Want to learn 10 ways to slash your budget? In this economy everyone is looking for ways to slash his budget. Some need to slash their budget by just a little bit and others by a lot more. These budget slashing ideas may be ones you have already done or something you have never thought of.
- Coupons. By using coupons, you can easily slash budget for groceries by 50 percent or more. By combining coupons and store sales, you can pay just pennies for everyday items that you use.
- Turn off the lights. Most families can walk into a room at any given time and there is a light on in broad daylight or when there is no one in the room. Start shutting off lights when you leave a room.
- Change the light bulbs. Many rooms are over lit. Start lowering the wattages of the light bulbs in each room. Most times no one will even notice.
- Recycle. Most areas have a recycling program, but some don’t. If your area does not have a curbside pick-up for recycling, save your plastic, glass, and papers and drop them off at the nearest recycling plant. You will save money on your garbage pick-up by setting out less trash.
- Plant a garden. Utilize those hot summer months by planting a garden and save on fresh veggies. Freeze or can the extras to enjoy throughout the rest of the year.
- Carpool. With the price of gas constantly fluctuating, consider carpooling whenever possible. If you and your neighbor are both dropping your kids off at school, take turns so you both can reap the benefits. Carpool to the grocery store or to run other errands.
- Refinance. Interest rates are low, so see if you can refinance your home mortgage. The general rule is to save at least 1 percent on the interest rate to make it worth your money.
- Turn down the thermostat. Or turn it up in the summer. Setting your thermostat just a few degrees lower in the winter or higher in the summer can save big on your fuel or electric bills.
- Lower your cable bill. Cut out all the extras and get back to basic cable. Avoid On Demand movies and rent the new releases at the video store as long as you are not making a special trip. Get 5-day rentals and swap with friends. If you rent 3 movies and your friend rents 3 movies, this can save $10 or more at the video store.
- Have a yard sale. OK so this isn’t necessarily slashing your budget, but it will help put some extra cash in your wallet. Sell the things that are just lying around your house. If you haven’t used it in 6 months, chances are you never will. Don’t forget about the things packed in closets, attics, the basement, and the garage.
When it comes right down to it, you are the only one who can decide which budget slashing measures are right for you and your family. When times get tough we all need to find ways to tighten our belts and cut out frivolous spending.