Monday, November 21, 2011

WSJ: How To Save $10k By Next Thanksgiving

I saw this article a few days ago and bookmarked it for sharing. There are plenty of articles out there about budget cutting, but the vast majority of those are nickle and dime type stuff. I liked this article because it describes ways to bite off big chunks of discretionary expenses. I also liked it because I've done at least one of the things on the list:

"Dumped the TV. "There's no need for a TV with the Internet," says Molly Ruben-Long, who works for a nonprofit in New Orleans. "You can watch most shows for free online." Savings: $600 a year."

...and because of ideas like this:

"Teamed up with trusted friends or neighbors. Financial planner Ann Gugle in Charlotte, N.C., says some of her clients do this to make the most of warehouse clubs. After all, not everyone needs, or has room for, 200 frozen chicken legs. Clients make big bulk purchases together, then divide the spoils at home. Savings: at least $1,000 a year. Cincinnati financial planner Bob Seigmann has another trick. "My wife and I share a cellphone 'family plan' with another couple," he says. "AT&T has no problem with this." Savings: another $700 a year."

You can read the full article here: How to Save $10,000 by Next Thanksgiving.

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