201 ways of saving money
April 29, 2007The truth is, no matter how much you know about investing, it’s worth nothing if you don’t have any money at your disposal to invest… The only two ways you can deal with this problem is by either increasing your income or decreasing the amount of money you’re spending.
Since most of us will be facing some difficulties trying to increase our income in the short run, we’re ’stuck’ with the latter. There are numerous ways, and below is a list of links of get you started.
Bear in mind that the last one is based on American lifestyle and their available options (like IRAs…their retirement savings account), so while some of their tips won’t necessarily apply to British people (or anyone outside the US for that matter), many nevertheless do - it’s definitely worth a read.
Having said that, I don’t necessarily agree with all of the proposed options, but that is a matter of taste or attitude. In any case, you’re not expected to put all of these into practice at once. You would end up feeling deprived and unhappy, which is not the point of this exercise. Pick your favourites and stick to them for a little while before you feel comfortable making further adjustments (if you feel you have to…).
Let me know what your favourites are or whether there’s anything else you can recommend!
