Ramit Sethi shares quick ways to save $1,000 in a month: buy leased cars instead of new ones, sell unused stuff on eBay, shift travel dates for cheaper flights, pay cash to spend less, and cut everyday costs like lunch and heating.
Bottled water. Individual cups of coffee. A new car. These are some of the items on BillShrink.com's list of 25 things to stop wasting your money on.
How do you get a good deal on a car? First of all, don't buy a new car.
But what you can do is buy a leased car, often for half the cost.
A lot of times people think that saving money is about saying no, no, no to yourself. No, I can't buy that coffee. No, I can't buy those clothes. And inevitably it doesn't work. So the way I think about savings is the CEO cut costs, earn more and optimize your spending.
In his book I will teach you to be Rich, Ramit Sethi says it's about focusing more on what you can do. Instead of the list of don'ts, sell something on ebay.
It doesn't even matter what the price is. I just want you to show yourself that you can actually make money from something you have.
Change the date of Christmas.
If you are traveling for Christmas and your entire family is on a budget, you might suggest something that seems a little weird. But if you move it from just 25th to the 27th, your airfare and everything else can go down 50%.
Only use cash.
I know when my credit card got stolen, I had to go cash only for a couple weeks, and I spent dramatically less. It was about something about having the cash in your hand and saying, I don't want to drop $40 for this.
Some other things you can do Pack your lunch. Turn the thermostat down three degrees. Invite people over. Instead of eating out all Only buy new things. When replacing something old, what it forces.
You to do is be really conscious about where you're spending your money and make sure that these things you get are really useful and valuable to you.
Lindsay Davis, ABC News.
