Top 10 Ways To Save Money

Real Estate Agent with Executive Properties

Top 10 Ways To Save Money -

Your're buying a home and with that comes a lot of unexpected expenses. Home owner's insurance, property taxes and appliances that you may have to purchase, just to name a few. It's time to create a serious budget and start saving some money.

To help you get started, here's a list of 10 ways to save money by cutting down a little on your expenses. A little goes a long way and is my hubble opinion that no one should be spending more money than needed.


1. Have a Budget - And stick to it. How many of your have one? I need to start on mine right away.


2. Cut Your Food Costs - I eat out a lot. I don't even try to add up all my restaurant expenses because I know it will make me depressed. Even if we cut down by a day or two, it helps. It also promotes health since we can control what goes in our food at home but not in a restaurant (i.e. salt, msg, fat, etc.). That dinner out can cost you more than what you pay for your weekly groceries.


3. Don't Stop At Starbucks - Huge one. It may not apply to you but I can safely say that a lot of people could save a ton of money by cutting down the Starbucks drive-thu. By the way, they've just jacked up their prices. In CA by quite a bit (if not mistaken, $0.30 a cup). I'll make this my motivation.


4. Avoid Brand Names - Often times there's actually no difference between the band names and the generics. It really doesn't matter who makes the foil or the toilet paper you use (well...some would question this last one...).


5. Kick Expensive Habits - Smoking is a good example. It can become even more expensive than just the packs you smoke a day. Once I read "if you have an expensive habit, saving money is probably just one of the many reason to drop it."


6. Go Easy On The Plastic - This one is a "no-brainer". There's a lot of wisdom on Shakespeare saying "NEITHER A BORROWER OR A LENDER BE."


7. Use Coupons - My husband is wonderful on this. He almost never pays full price for anything. If you really take the time to look, there's a coupon for basically anything you buy. It just takes a little bit of work and organization to make sure you get all the discounts. We go out to lunch every Sunday after church and it's been quite a while that we've paid full price for our meals. Go to restaurant sites and sign up for their news. Most likely you'll get emailed coupons. Mimi's Restaurant is a great one for this, if you have one in your area.


8. Don't pay unecessary fees - Some examples: $1.50 fee for using the ATM sitting right next to you, late fees for returning videos, etc. I'm sure we can find plenty of those unecessary fees everywhere.


9. Pay less for long distance - Take a close look at your phone bill and check how much you're paying per minute. I've just discoved that I was paying way too much for mine and had no clue.


10. Have Direct Deposit - Money going directly to your savings, IRA, etc. will be money not spent with unecessary "stuff".


I hope this list of the top 10 was to save money gets you inspired to make some changes and save some cash.

If you need someone to help you with your home loan, please contact me. I can save you some money there...



Comments (6)

Constantine Isslamow
RE/MAX Eastern Realty Inc. Brokerage - Peterborough, ON
"Training and Accountability"

Great money saving tips Maria. Thanks for sharing them with us.

Wishing you continued success.

Oct 30, 2010 07:01 AM
Retired from ActiveRain
Baker, OR

Once you've bought a home a good way to save money on interest is to make additional principal payments, especially in the early years.  The home gets paid off quicker and the savings in interest is dramatic.  Have you done a post on that yet Maria?

Oct 30, 2010 07:04 AM
Michael A. Caruso
Surterre Properties - Laguna Niguel, CA

This is a great list with good ideas! Thanks for the tips.



Oct 30, 2010 07:07 AM
Maria Marriott
Executive Properties - Roseville, CA
Realtor -

Constantine and Michael: Thank you for the comments. I'm glad you found it helpful. I have to work on those items myself. All the best.

Rick: No, I haven't posted anything like that yet. I believe that making any additional payments will depend on each one's personal financial situation. It's my opinion that those extra payments should be part of an entire financial planning strategy instead of something standing alone. Thank you. I might starting working on something along those lines. All the best.

Oct 30, 2010 11:37 AM
Cece Blase
Paragon Real Estate Group - San Francisco, CA

I helped a woman parse through her spending once. The amount she was spending on ATM fees and daily lattes was staggering. We cut her costs down by about $300.00/month with just those two items.

Oct 30, 2010 04:42 PM
Maria Marriott
Executive Properties - Roseville, CA
Realtor -

Wow Cece, that's a lot of money on ATM and other little fees. Good for you! Thanks for commenting and Happy Halloween!

Oct 31, 2010 03:58 AM