Ways to Save Money (Spend Less)
By Steve Gillman
It is one thing to
simply give up something to save money, and we might cover ideas
about the best ways to do that from time to time. But that can
involve actually reducing your lifestyle to some extent. On the
other hand, when you still get all the things you need and want,
but spend less for them, you actually increase the net spending
power that you have.
(Flickr photo by 401(K) 2012)
Money, after all, is only as valuable as what it can be traded
for, and if you can trade it for more you have become wealthier.
If you learn how to buy a car for $1,000 less, for example, you
have a car and whatever else that $1,000 is used for.
You have effectively learned how to add a $1,000 to your spending
power, without the trouble of getting another job or working
to generate more profit from your business or investments.
Of course, as a way of effectively increasing your income
saving money has its limits. If you find a way to get everything
you buy for half-price, which isn't likely, you might have doubled
your buying power, but that's about it. Making more money has
unlimited potential. So the website will still focus on making
money, but the pages of this section will complement that goal
with ways to make that money worth more.
to Spend More and Be Financially Secure - It's not about
pinching pennies, but about how you arrange your expenses.
Less to Make More - A fuller explanation of the idea of saving
money as a way to increase the value of your income.
Ways to Cut Your Cost of Living - Four fairly extreme measures
are looked at, and we start with the big stuff.
a Frugal Opportunist - You can't always get what you need,
but if you try sometimes, you'll get what you need.
Ideas - Repurposing things to spend less is one of the topics
in this small collection of thoughts and advice.
Mental Accounting - This
concept from the science of behavioral economics is abnout how
we choose to think about different "kinds" of money
and how that can affect our financial decisions.
A Few Radical Money Moves -
Getting rid of you car and setting aside half of your net after-tax
income are a couple of the possibilities explored here.
Ways to Reduce Costs in
Your Business - A dollar less spent on expenses goes straight
to the bottom line (unless the cut affects sales).
Ways to Reduce Labor Costs
- Fortunately it doesn't have to mean firing anyone.
Reduce Overhead Costs -
This means more profit, but also greater financial security for
- The surprising results of this experiment don't exactly suggest
a way to save money, but they do point out how context determines
our actions -- and that includes our financial decisions.