Saving for your retirement, your children’s education or just improving your standard of living can be impossible unless you know what to do. Small changes in your spending can achieve $1-2,000,000 over your lifetime.
10 Small Changes in your Spending Habits:
Save your change – this can be as much as $50 a month.
Stop buying soda, coffee, and junk food when out – $50-100 per month.
Take your lunch to work – $250-350 per month.
Cancel your cable TV – $50-150 per month.
Use coupons at the supermarket – $50 or more per month.
Shop at discount stores for clothes – $50-100 per month
Use the Internet to shop significant purchases – savings up to 40-50%.
Increase insurance deductibles – $200 per year.
Lower thermostat in winter and raise it in summer – $25-100 per month.
Pay bills online/automatic bill pay – $15-20 per month postage.
You may look at these suggestions and say, no way can I change or live without it! Your next step is to find something else that yields the same or more savings. For example, I cannot give up cable, so it is part of my entertainment. I use group discount movie tickets to achieve similar savings and more selective how often we go to the movies. Remember the goal is saving $750.00 or more a month, the specifics are up to you.
By conservatively investing the approximately $750 savings monthly in 30 years it could grow to $2,000,000.
Visit The Coffee Shop Millionaire