Today’s tip comes from my buddy, Big Honkin’. He and I recorded the latest episode of the No Credit Needed Podcast: Big Honkin Special, and I asked him to give me a simple, easy-to-implement savings technique.
Eat out less – Plain and simple, if you plan your meals, eat at home, and eat less while you are out, you will save money – lots and lots of money.
Remember, doing the small things, over and over, can add up to real, substantial savings.
Saving $5 a day, 5 days a week, will add $25 to your weekly budget. Multiply this by 50 work-weeks and you have $1250 per year. Over the course of 40 years, that’s $50,000. If you invest $1250 for 40 years at 8%, you’d end up with more than $350,000. Brown bag it.
(Be sure to check out Big Honkin’s site: GeekOutOnline.