Save Money On Road To Financial Freedom

Contrary to what you most people think, a high income is not needed to achieve financial freedom. Guess what is? Financial discipline! If you want to reach financial freedom, your ability to save more money than you spend is much more important than your income. Financial freedom is achieved by living below your means. It can be achieved by anyone who understands that spending as much as you earn or making the minimum payment on your credit card balances is not living below your means.
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Here are 39 easy ways to save money. Follow some of these, start living below your means and get on track towards financial freedom.
- Carpool
- Take public transportation if possible
- Sell your second car
- Drive below the speed limits (save gas and avoid expensive speeding tickets)
- Change your own oil, air filter and spark plugs
- Wash your own car
- Never go grocery shopping without a shopping list
- Use coupons
- Buy generic
- Buy in bulk
- Only buy sales items
- Never shop when you are hungry (you will buy more)
- Plan and shop for meals for an entire week
- Buying your pet at a pet store costs more; try a rescue shelter
- Shop at thrift stores
- Do your own yard work
- Replace furnace filters often
- Replace your faucets and shower heads with “low-flow” water fixtures
- Turn water heater down when away for a few days
- Open curtains, blinds and drapes in winter to let warm sun in
- Close curtains, blinds and drapes in summer to keep the warm sun out
- Use a programmable thermostat
- Check out the insulation in your attic, it could be raising your heating bills
- Lower heating and cooling costs by weather stripping
- Reduce energy bills even more by installing ceiling fans
- Shop your auto and home insurance premiums every year
- Shop for a cheaper mortgage rate
- Negotiate rates with your cable, internet company
- Discontinue extra phone services (caller id, call waiting, etc.)
- Discontinue health club memberships
- Stop paying the high dues to play golf at the country club
- Cancel catalogs that tempt you to buy
- Cancel emails that remind you of sales and deals (too tempting to buy stuff you do not need or use)
- Cancel magazine subscriptions, it’s probably available for free on the internet
- Donate your time instead of money to charities
- Bring your lunch to work
- Skip the coffee stop on the way to work
- Try free entertainment: museums, book clubs, farmers’ markets, public gardens, biking, hiking, picnics
- Enjoy the journey (you will save more money if you enjoy the process)
Start practicing those 39 money saving tips and you will have extra money. By investing that extra money instead of buying more stuff, you put yourself in the drivers’ seat towards financial freedom.