Tuesday, March 30, 2010

Reinvention Tools: Living Large for Less

We got questions about how to reinvent a budget after the NBC segment. Here is one of the questions.

As a working woman, how do I spend less money without feeling like I am living like a pauper? JP Las Vegas, NV

Here are some tips and tricks to live large while spending less money.

Drink More.
Water that is. The U.S. Bureau of Labor Statistics reports that the average American spends $944 per year on beverages. Drinking anything other than water can really add up. Skip your soda, and switch to water. You, your skin, and your wallet will feel better.

Read the Label. “Dry Clean Only” is bad for your wallet. With clothes in your closet are often safe ways to clean them without dry cleaning. Read up on ways to wash dry clean only clothes at home.

Eat In. The average person spends $2,668 per year on food outside of the home, according to the U.S. Bureau of Labor Statistics. That number goes way up here in Los Angeles.

Take The Green. Leave your credit cards behind when you do your grocery shopping. Studies show you will spend 30% less.

Nix the Tix. Skip out on NetFlix and watch free (yet legal!) movies. Your local library has a huge array of DVD's to check out for free.

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