Put an Extra $1,000 In Your Pocket Now!

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Image courtesy of posterize / FreeDigitalPhotos.net

Wouldn’t it be nice to have an extra $1,000 laying around, either in savings or to be used on something special like an anniversary trip or home improvement project? Many of us could do with the extra money, even if it’s just to keep in the savings account. With this being said, there are some people out there who find that opting to get loans without credit check (as their credit score is not at its best) may be the answer to dealing with their financial stresses. As long as people are taking steps to better their financial situation, that’s a start. Anyway, while it may seem daunting at first, it’s actually quite feasible that you could pocket $1,000 over the course of three months if you break it down little by little. Saving $1,000 in three months means you would need to save approximately $333 each month. Let’s take a look at some ways you could do that:

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Give up your subscriptions. It’s a hard thing to do (and it probably won’t be easy to get your whole family on board) but paring down your cable bill in favor of online entertainment and cutting the newspaper delivery and any magazine subscriptions could save you at least $45 per month!

Give up two meals out per month. Even a great pizza special that costs $15 or $20 is going to cost more than serving a bowl of pasta or some grilled cheeses for dinner. If you make a concerted effort to cut down on your eating out, you’ll easily save $25 per month.

Reduce your cell phone bill. Take a hard look at your plan and usage and make sure that you’re not utilizing a plan that’s too large for your family or one that’s too small (leading to high overage charges). I’ve done this a number of times and reduced my monthly bill by at least $30 per month.

Refinance. Look into refinancing options for either your car or house. If you have a four-year, $15,000 car loan at five percent and look to refinance it for under two percent, you could save $20 per month. This just shows how much you could save when it comes to your car loan. Don’t forget though, that even before you consider taking out a car loan, you should check out some top companies first, just to make sure you are getting the better deal. When it comes to your mortgage though, a $200,000 mortgage at just 5.3 percent (a great rate just a few years ago) could be refinanced to 3.5% and save you over $210 per month.

Add one less lunch or coffee to the mix and you’ll easily save $333 each month. Check with your financial advisor to see if this is the right option for you.

The information in this article is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness or fitness for any particular purpose. The information in this article is not intended to be and does not constitute financial or any other advice. The information in this article is general in nature and is not specific to you the user or anyone else.

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This article is a guest post by Anne Perkins. Anne is a freelance writer focused on how to live large on a little living. She writes financial savings tips for the online short-term loan company – QuickQuid. At her blog, AnnieIdea.com, you can get tips on how to take any idea and make it easier or cheaper to complete.

Comments

  1. This is very timely. There are indeed several unnecessary expenses at home that we don’t really need. I’m planning to remove the cable subscription. Thanks for this post 🙂

  2. I’ve managed to cut a few trips to Starbucks and to tiyangges, but I know I can still do better. =)

  3. It would be great to have an extra money like that. I could buy things needed in the house.

  4. Thanks for the tips. I should revisit our monthly expenses. 🙂

  5. great tips there, I think this will also apply in peso value. hehehe

  6. great tips! i will remember them and i hope i can apply it in my life.. 🙂

  7. These are great tips for someone like me whose income was cut down to almost half 🙂

  8. This are good tips. We need to set our priorities, especially with skyrocketing prices

  9. Nice tips. I don’t really good at budgeting but I have learned to buy the basic needs first then save, and buy the wants as rewards only. Thank you for this nice post 🙂

  10. those were really great and smart ideas. I gave up all except for the phone bills and eating out since it’s really what I like. Hmm, maybe i’ll just reduce it a bit! hihi 😉

  11. These are smart ideas. I think I will apply it. I’m good at budgeting, at saving money. Too bad my family wants to spend a lot for foods.

  12. thanks for the tips! I will apply them by heart. 🙂

  13. really good tips. I am seriously going to cut down on eating out because I know I spend way too much on food.

  14. Great tips! We really have to be good at budgeting to achieve financial freedom. It;s really a high time to re examine our monthly budget and where we could cut those unnecessary expenses. 🙂

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