In our 1st Part of this 2 Part series we gave you a number of Tips that should have opened your eyes to the savings possibilities that are available all around you. Part 2 is more of the same, with everyday Tips that can really make a difference in the amount of money you’ll be able to save this year. Use them as you see fit and thank us by linking to this Blog or giving us some great feedback. Thanks.
If you invest in Index Funds you should take a look at the expense ratio for each one, keep the one’s you have with the best and chucking the rest. This could save you over $700.00 a year for every $100 Thousand that you have invested. The fact is, the difference between the highest and lowest priced index funds in some cases is more than an entire percentage point.
Do you have insurance for your car, your home and your health? If they’re all from different insurance providers you’re probably spending 20 to 30% more than you need to. If you bundle all of those insurance needs with 1 carrier the savings could be substantial and the paperwork will also be much easier if there was a natural disaster.
What about that weekly visit that you make to the dry cleaners for your clothes. The Bureau of Labor Statistics reports that the average family of 4 spends nearly $500.00 a year on laundry services, a number that could easily be cut in half or even more. The truth is, unless a garment is seriously soiled you can probably clean it at home with one of the new ‘do it yourself’ dry cleaning products available at the grocery store. The cost is 500% cheaper and the results practically the same. And hey, learn to use an iron and you’ll save money at the laundry and on the gas used to get you there and back.
Using a programmable thermostat is vital to saving energy at home. Despite this fact, many people who have them in their homes never use them and thus never take advantage of the 5 to 15% savings that this device would create. While we’re on the subject of saving energy turning off lights and switching to the new LED bulbs can save quite a bit of money now and over the next few years, as well as programming various lights to go on and off at specific times instead of staying on all night.
And there you have them; a bundle of great money saving tips for 2013. We hope they enlightened you to some possibilities and we wish you the best using them this year. See you back here soon with more great financial tips.