How will your solution be this new year? The economy continues to be difficult, and many of us are unemployed, loans, rising healthcare costs and much more. Or maybe you have some costs, since the beginning of the recession, you might have missed a few minor features save several hundred dollars in one year. The following seven ideas will help you keep more money in your wallet in 2011.
[Photo: 12 money mistakes nearly everyone makes]
1. review insurance policies
If you haven't done it yet, you should. Most likely, your insurance rates increased and there are cheaper options out there. Taking the time to analyze your insurance policies and shopping for a replacement, you can save large sums of money. It is also a good time to adjust your insurance coverage based on your current needs, reflecting what you need now, not what you are looking for three years ago. Please take a look at lighting you auto, homeowner and life insurance. Get free insurance quotes from multiple locations and ask your current insurer about discounts, then choose the best option for your situation.
2. unplug your appliances
Your devices and other electronic devices consume electricity even when they are off — in particular, the new device, just go in standby mode, as opposed to off. One of the easiest ways to reduce your electricity is turn off the device when not in use. Take a look around your House and you'll find at least a few things can be detached. Common criminals are, chargers, digital watches, computers, televisions, DVD players, cable boxes, microwaves and stereo system. Keep it simple, you can attach them Strip Power Strip and turn off when not in use.
3. Review your phone installation
So far, do you have a special phone line for your home and cell phone for each family member? Maybe you could get rid of the phone. Alternatively, consider alternatives such as cable, telephone or VoIP. Maybe your cell phone contract has expired and you could shop around more cost-efficient alternative, for example, prepaid cell phones, family plan or plan cheaper. No matter what you choose carefully all Extras because they can add up to significant amount.
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4. eat at home, and your breakfast and dinner
It takes a little discipline, but it can save some money. Eating out is expensive. I'm not just talking about the sometimes nice dinners, breakfasts and dinners with your usual can easily add up to $ 10 or more per day is almost $ 300 per month! To save money, my wife and I pack our lunches and breakfasts. For breakfast we make toast and coffee houses, and for lunch, we cook extra portions for dinner and a package of "left over" the next day.
5. set up your car and check your tires
Keeping your car in customize your properly inflated tires, you can save some money on gas. If you travel a lot, the savings can be substantial. In addition to being safer car can save you from costly emergency roadside assistance costs, and maybe even medical expenses. But regardless of the status of your car, always be prepared car breakdown and resolution of emergency situations on the road.
6. Sealing Windows and doors
Winter here. Even if you're slacking, it's not too late to do something about it now. Poorly sealed Windows and doors can cost you a lot of money on heating and cooling costs. Sealing air leaks Just throughout your home, especially around your Windows and doors can reduce your heating Bill significantly. In addition, you can use other methods, such as lowering the temperature a few degrees settings and replace your old thermostat programmable only warms up the House when you are not around.
7. pay your debt
Now that you have saved a whole bunch of money, by using the strategies outlined above can supercharge your savings, paying down your debt. If you have multiple debts to choose to focus on one with the highest interest first. Interest rates on credit cards usually double-digit. Even if you have to pay only $ 1000 extra you would save more than one hundred dollars per year. If you are serious about paying down your debt, check out debt snowball method of payment of debt.
Pinyo owns Moolanomy personal finance blog that covers a wide range of personal finance and investing topics, with features that include reviews, comparison guide and Q&A sections.
