We now have four ways to save money in order to have more to pay down credit card debt, so lets continue through numbers 5 and 6. We have covered four ways to save money when you eat away from home, but let us look now at ways to save money when you do eat at home. Of course, you will more than likely need to go to the grocery store to purchase your food, so on we go:
5. Go Prepared - Take a list and stick with the list. Grocery stores (actually, any successful retailer) have had outstanding success by placing high-profit items in slick displays that draw on people's impulsiveness. If you know the layout of your store, you can plan your list accordingly so that you don't go down any aisles that you don't need to. Unfortunately, you may have to pass some to get to the milk and eggs (usually located in the back of the store). Let us assume that you would save $10 a week or $520 a year. That would be $10,400 over 20 years.
6. BYOB - Bring Your Own Bags - One way that I have witnessed people saving money has been by being green and bringing their own bags to the store. It is good for the environment, but it can also be good for the pocket book. You only buy what you can carry, which will save you money. This also will help you to better stick with your list. Lets assume that you would save $5 a week, or $260 a years. That would be $5,200 over twenty years.
Our running total for the six ideas will save you $1,548 a year, or $30,960.80 over twenty years. I have a correction to make on yesterday's post: the incorrect calculation was used to come up with $39,938.08 and should have read $15,360.80. My apologies are in order.
You can pick up your copy of Never Surrender!! today to find other ways to forever eliminate your credit card debt.
Have a GREAT day!
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