Reduce Spending by Thinking Creatively
The 2nd item in my Ways to Reduce Spending list is thinking outside of the box. Being creative can lead to awesome ways to reduce your expenses. You don't have to be creative to cut your costs. You could just look up other people's creative ideas and pawn them off as your own, either way someone was creative at some point... so you get credit. This doesn't mean you have to come up with the next great idea or invention, just read around about what other people are doing and try to follow suit or take their ideas and find a new twist that can help you save even more money!
Here's a great idea this guy has come up with No Fee Balance Transfer. Now that is a great example of thinking creatively. Read around his blog, there's a ton of cool ideas that involve buying dollar coins from the US Mint to your benefit.
A few things I think I do well to cut expenses are (not that they're all that creative, but they work):
Here's a great idea this guy has come up with No Fee Balance Transfer. Now that is a great example of thinking creatively. Read around his blog, there's a ton of cool ideas that involve buying dollar coins from the US Mint to your benefit.
A few things I think I do well to cut expenses are (not that they're all that creative, but they work):
- Bike to work - I made a move to cut out my commute last year and it's awesome having the extra time and extra gas money
- Haircuts - probably not for the ladies, but I have short hair, so my fiance is also my barber
- Eat bananas - not only are they a healthy snack, but they only cost between .50 and .60 cents a pound. Now that's some good bang for your buck
- Turn off the lights - and unplug everything you're not using. This is a great way to bring down your electric bill along with turning down the thermostat
- Change your own oil - this can easily be done for at least half the price charged by a shop and it's a rewarding feeling
- Drink water - when you dine out drinking water is a great way to keep the total price of the meal down. And this is tap water...avoid bottled water not only are they not eco-friendly, they're not wallet friendly either
- Use a rewards credit card to pay as many of your "must have" bills. Hey, you have to pay for it anyway, might as well get a few percent cash back. I wish I could pay my rent with one of these...
Those are a few of the items that I think I do well on a daily basis to reduce my expenses. What do you do?
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