Top 10 Ways to Save Money
As the recession deepens, consumers are embarking on an era of thrift, tightening their belts and saving more money as they cut spending. A question that we should ask is: What are some ways that I can cut my spending?
The First step is to identify your needs and wants to sort through what is important to you. You need to ask yourself, what is the value of the item in your family spending plan, budget? This “Top 10 List” will help you re-examine and rethink how you spend your money.
10. Food – Plan your Meals, Grocery Trips, Use of Food – Use lower cost protein
rich foods such as eggs, beans, and dairy products. Reduce waste of food by
9. Transportation - Plan your trips (Eliminate Back Tracking), Choose Public
Transportation, For Short Distances (ride a bike, walk)
8. Car – If your car is older, drop collision insurance coverage. Be sure to get regular
maintenance and service checkups.
7. Health Care – Opt against buying unnecessary vitamins or other health care
6. Home Maintenance – Choose Cleaning Supplies that are useable for more than
5. Plan to Garden and Can or Freeze the Surplus
4. Prepare recipes in Quantity and Freeze Leftovers
3. Examine Your cable and phone bills to find out how much you’re paying for
“Extra” services (premium channels, voice mail)
2. Pay with Cash/Debit Cards or if you use credit, pay it off immediately
1. Reduce bills by just asking – negotiate price
As you listened, what is your “Top 10 List” of ways to spend less and save more money?
Discuss this list with your family members or if you are living someone, your roommates.
For more information contact, Susan Shockey, Ph.D, CFCS
OSU Extension, Franklin County
Phone: 614-866-6900 (206)