How To Save A Lot Of Money Tips For Veterans
Hello to all you veterans trying to gain financial freedom. This site is dedicated to the men and women of the armed forces who want to create wealth and happiness through saving and learning to make extra money doing online jobs from home.
When people think of saving money, the first things that comes to mind are clipping coupons or buying at the cheaper gas station. While these can be good money saving ideas, I feel that to really save money, we must go WAY beyond that.
Almost every aspect of our monthly spending budget could be a potential money saver.
Let’s go over a few items and show a few ways that we can save some real money.
Save Money On Your Mortgage
If you have a reasonable mortgage interest rate, then this is great for you.
My friend just recently refinanced her mortgage and lowered the interest by a full 3 percentage points. This alone saved her over $50,000 and cut 10 years off the life of her home loan.
By the way she got that mortgage refinanced through Chase, but it could be through your preferred lender as well.
Why not surf the web and see if you can find a better rate. Don’t forget to consider closing costs before you decide. Surf around to to see if you can get a better deal on a mortgage.
Shop For Cheaper Internet Service
If you are paying a higher rate than normal while connected to the internet, consider looking for cheaper alternatives. In Chicago where we live, there are now three providers that are bidding for service, not to mention only using your cell phone.
Reduce Costs For Cellular Phone Service
Most of us have dedicated ourselves to one cell phone service company and may have been with them a long time.
But after years of being hassled to death, I switched from Sprint to T-Mobile and while the price didn’t change much, my satisfaction went wayyyyy up.
I know some people who hate T-Mobile, but I certainly am not one of them, especially after years of sub-par living with Sprint. I have noticed that T-Mobile’s data speeds are affected by how much traffic they’re getting from the particular parts of the city I happen to be in. The South Side is now not so great for T-Mobile, but when I travel about, it is pretty darn good.
Your mileage may vary, though… I didn’t think I saved money switching to T-Mobile until I went on vacation out of the country. Then I realized what a sweet deal they give their customers. As long as I was near wi-fi, I could use my phone as if I was still in Chicago – No Extra Charge! Other carriers are starting to catch on though. Mind-Boggling that it took this long though…
Then there are the “second tier” carriers. Just look around. They are everywhere.
The idea is that you need to sit down and go over every aspect of your budget and investigate if there are ways to rearrange expenses so that you end up with as good a life given what you are going to spend your money on anyway.
As every veteran knows, planning and organization are the key to success in anything and this really goes for saving money.
A Good Idea To Try: Saving Money As a Group
Having other like-minded people around to hold you accountable could be really helpful to help you meet financial goals. I believe that being accountable to others who team up with you to meet your goals means you are much more likely to stick to the money saving or budgeting script when your urges are about to run wild.
Easy and Cool Money Saving Tip
Have you heard about the Dollar Bill Saving Plan. With this plan you never spend a dollar bill (except for possibly tips). I have been doing this for some time and average putting away $50 to $75 a month.
I just put all of my dollar bills in a jar when I come home. I take this money and deposit it in savings each month.
Then I take this jar to the bank and put it in a vacation savings account. Try it. It’s a great way to painlessly increase your savings for your holiday gift fund or vacation fund.