Adrian Newman’s latest ‘e-Wealth Daily’ article is titled “10 Easy Ways to Put an Extra $50 in Your Pocket”. [‘e-Wealth Daily’ Article]


Adrian Newman’s latest ‘e-Wealth Daily’ article:

10 Easy Ways to Put an Extra $50 in Your Pocket

I got an e-mail from a banking friend of mine over the weekend, telling me about a money seminar he had recently attended. The objective of the seminar was to provide bankers with ideas and strategies to help encourage clients to save for retirement.

Apparently, he tells me, people have been finding it difficult to actually save any money at the end of the month. Therefore, without savings, people had nothing to invest. So, where was all their money going?

If this describes you, I have a few ideas to get you started on saving up to $50 a month (or more!) without having to get another job. With the extra $50 in your pocket, you’ll have a
reason to go to the bank and start a mutual fund investment portfolio.

1) Just say “no” to ATMs with fees: ATM cards can cause you to spend more money than you should. When using your ATM card, avoid ATMs that charge you a fee per use. Take money
out from your own bank’s ATM in advance. This could save you up to $10 a week.

2) Shop around for lower insurance premiums: Chances are your current insurance company is not offering you the best price. The insurance business is so competitive today that you
can even get a quote online within minutes. Also, to save more money, increase your deductible. You can expect to save up to $35 a month by switching insurers.

3) Cancel those add-on phone services you don’t really need: They may have been a novelty at one time, but, honestly, services such as call-forwarding and call display are not that
necessary for the average person. These two services alone can cost you an added $12 a month.

4) Skip the movies and rent a DVD instead: It’s always fun to go to the movies, but try to limit these outings — they can get expensive. If you have a routine of going out to dinner and a
movie once or twice a month, try alternating months instead. Stay home, make dinner, and rent a DVD every other month and you’ll save a whopping $50 easily.

5) Bring a lunch to work every day: Without a doubt, lunch is the biggest budget killer. The average meal at lunch these days can cost up to $10. If you avoid buying lunch once a week,
then you’re looking at about a $40 savings per month.

6) Go to the library instead of buying a new book: Your book collection can wait. Books aren’t getting any cheaper, so make reading a free pastime. If you normally buy two books a
month, you could be saving between $25 and $50 by changing this habit.

7) Stop using your dishwasher: If you hate doing the dishes manually, why not make it a family event and stop using your dishwasher during the week? With the rising costs of
electricity, expect savings of about $10 a month simply by giving your dishwasher a break.

8) Don’t stop for coffee; make it to go: This may be a difficult ritual to break, but buying your morning coffee can run you an added expense of about $25 a month. If you cut back on your
coffee habit twice daily, there’s your $50 savings. Why not start a coffee program at work and get others to start saving, too?

9) Don’t play the lottery more than once per week: You’d be amazed at how much money people spend playing the lottery — and different scratch-and-win games — three or four
times per week. Your odds of winning do not increase all that much from playing just one $2 ticket per week. Meanwhile, you could save up to $40 per month.

10) Set aside just a dollar a day: This may sound silly, but it sure works. Find or make a piggy bank and, without thinking twice, drop a buck in the bank every day on your way out the
door. It may not be much, but you will feel $30 richer at the end of the month!

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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