Gain, Don’t Drain, Your Cash

by Ari Herzog on June 3, 2008 · 2 comments

If you want to significantly cut spending, it’s important to take a closer look at what you consider to be needs, writes Jay MacDonald in a syndicated bankrate.com report, entitled, 12 ‘necessities’ that drain your cash.

Manicures, pedicures, dog grooming services, lawn care, Botox injections, and multiple cellular plans in one family are among the so-called necessities, which if stricken from one’s lifestyle, can save money.

This is good advice, but what about those people who either don’t fall in the above categories or are looking for more personal ways to be frugal, from freecycling to couchsurfing?

Amid an unemployment bout, I am watching my expenses carefully and already notice personal lifestyle changes, such as going out to eat less and cooking my own foods more. Why spend an average of $5 to $20 for a meal when I can buy my own ingredients and cook things up the way I want them for a fraction of the inflated going-out-to-eat cost?

And with the fuel price wars in vogue, I am driving less and walking/biking more. I’m saving money and being healthier to my body and the environment.

Thankfully, there are many online sites who already offer daily pearls of wisdom for saving money, including The Simple Dollar, Frugal Dad, and Get Rich Slowly.

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Comments:

{ 2 comments }

1 Frugal Dad June 3, 2008 at 11:00 PM

Great post! Thanks for the mention, and for being a Frugal Dad reader.

2 Ari June 3, 2008 at 11:52 PM

My pleasure, I look forward to more frugal posts of yours.

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