Your SlideShare is downloading. ×
0
15 Easy Ways to Find
Money to Invest
15 Ways You Can
Find More
Money To Invest
1. Cut out the little things
• Eliminating little
expenses can mean
thousands in savings
each year
• Author David Bach
cal...
2. Coupons are free money
• Don’t be afraid to clip
coupons!
• Only about half of U.S.
shoppers use coupons
regularly
• If...
3. Buy generic prescriptions
• By law, generic
prescriptions are FDA
approved to treat the
same symptoms as their
brand-na...
4. Use your library
• Instead of paying
to rent DVDs and
buy books and
magazines, take
advantage of
your local library
Mar...
5. Stop smoking!
• In addition to
being deadly,
smoking is a drain
on your wallet
• A pack-a-day
habit can easily
cost you...
6. Turn down the heat and AC
• According to the
U.S. Department
of Energy, you can
save about 3% on
your heating bill
for ...
7. Make your home more efficient
• Next time your light bulbs
need changing, use high-
efficiency bulbs
• Changing five bu...
8. Buy in bulk
• Buying products
like toilet paper,
cereal, office
supplies, diapers,
and canned goods
in bulk can save
yo...
9. Save your loose change
• Many people dump
their pocket change
in a jar, only to spend
it when it
accumulates to a
signi...
10. Pay off your credit cards
• Paying off credit
card debt with extra
cash could save you
tons of money in
the long run
•...
11. Cash back
• Some credit cards
offer 1.5% cash back
on purchases with no
annual fee
• If you charge
everyday purchases,...
12. Eat in
• By simply eating
out one less
time per month,
you could save
over $300 per
year per person!
Alex Castella
13. Avoid ATM fees
• When you use an ATM not
operated by your bank,
you can be charged a fee
by both the ATM owner
and you...
14. Shop around for insurance
• I don’t want to sound
like a GEICO
commercial, but a few
minutes of your time
could indeed...
15. Work on your credit score
• One of the best ways to
help yourself financially
over the long run is to
build up your cr...
What you should invest in
once you have the cash
Upcoming SlideShare
Loading in...5
×

Money saving tips

3,293

Published on

15 ways to find extra money to invest

Published in: Economy & Finance
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
3,293
On Slideshare
0
From Embeds
0
Number of Embeds
13
Actions
Shares
0
Downloads
11
Comments
0
Likes
2
Embeds 0
No embeds

No notes for slide

Transcript of "Money saving tips "

  1. 1. 15 Easy Ways to Find Money to Invest 15 Ways You Can Find More Money To Invest
  2. 2. 1. Cut out the little things • Eliminating little expenses can mean thousands in savings each year • Author David Bach called this the “latte factor” • Basically, if you skip the $5 fancy coffee each workday morning, it’ll add up to more than $1,000 in savings over a year Flickr/ Jun Seita
  3. 3. 2. Coupons are free money • Don’t be afraid to clip coupons! • Only about half of U.S. shoppers use coupons regularly • If you can save even $5 on your weekly grocery bill, it will give you $260 in extra cash over a year Flickr/ Dmdonahoo
  4. 4. 3. Buy generic prescriptions • By law, generic prescriptions are FDA approved to treat the same symptoms as their brand-name counterparts • Generics can cost 85% less than brand-name drugs • 90% of pharmacists and doctors buy generics for themselves, but only 70% of all consumers do www.stockmonkeys.com
  5. 5. 4. Use your library • Instead of paying to rent DVDs and buy books and magazines, take advantage of your local library Marcus Hansson
  6. 6. 5. Stop smoking! • In addition to being deadly, smoking is a drain on your wallet • A pack-a-day habit can easily cost you $2,000 per year, and much more in some parts of the country Andrew Magill
  7. 7. 6. Turn down the heat and AC • According to the U.S. Department of Energy, you can save about 3% on your heating bill for every degree you turn down the thermostat during the winter www.wkzo.com
  8. 8. 7. Make your home more efficient • Next time your light bulbs need changing, use high- efficiency bulbs • Changing five bulbs to ENERGY STAR-certified bulbs pays for itself in six months and can save over $200 in electricity over the life of the bulbs Wikipedia/ Sun Ladder
  9. 9. 8. Buy in bulk • Buying products like toilet paper, cereal, office supplies, diapers, and canned goods in bulk can save you up to 50% over buying smaller sizes Public domain
  10. 10. 9. Save your loose change • Many people dump their pocket change in a jar, only to spend it when it accumulates to a significant amount • Instead, earmark the loose change you set aside strictly for investment purposes • To up the ante, start throwing in the $1 bills from your wallet! Public domain
  11. 11. 10. Pay off your credit cards • Paying off credit card debt with extra cash could save you tons of money in the long run • If you are paying 17% interest, $5,000 in credit card debt costs you $850 per year that could be going into investments
  12. 12. 11. Cash back • Some credit cards offer 1.5% cash back on purchases with no annual fee • If you charge everyday purchases, and pay them off right away, this could add up over time • Charging $1,000 of expenses each month would mean $180 in “free” cash each year Public domain
  13. 13. 12. Eat in • By simply eating out one less time per month, you could save over $300 per year per person! Alex Castella
  14. 14. 13. Avoid ATM fees • When you use an ATM not operated by your bank, you can be charged a fee by both the ATM owner and your bank • These fees can really add up! • By going a little out of your way to use your bank’s ATM instead, you’ll save about $5 each time
  15. 15. 14. Shop around for insurance • I don’t want to sound like a GEICO commercial, but a few minutes of your time could indeed save you a lot of money • NEVER take the first quote you see on auto, homeowner’s, life, or health insurance. Always shop around.
  16. 16. 15. Work on your credit score • One of the best ways to help yourself financially over the long run is to build up your credit • Higher scores mean lower interest • The difference between a 30-year, $200,000 mortgage payment between a 620 and 720 FICO score is about $165 per month, according to myfico.com Flickr/ 401(k) 2012
  17. 17. What you should invest in once you have the cash
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×