7 Ways To Save $100 A Month

Ride Share to Work: Let’s suppose you travel 15 miles each way to work, your SUV holds 20 gallons and gets 15 miles per gallon. Two more variables needed: Let’s suppose gas costs $2.75 per gallon and there’s 22 working days in the month. How much would you save if you carpooled with two friends? Sounds like one of those SAT brain twisters, right? Well… the math doesn’t lie.  Carpooling can save you roughly $80 per month and get you a nice ride in that carpool lane!  How great is that?

Energy Checkup: I found some ways to save a few dollars on my monthly energy costs, and keep Al Gore happy.  After a couple of mouse-clicks on the “Home Energy Checkup” at www.ase.org, I quickly learned a few interesting ways to save a couple of dollars every month on my energy bill- and maybe you will too.

Skip the Root Beer: It’s a rare day when I don’t have a craving for an ice-cold Root Beer. Suppose I didn’t listen to my own advice above and ate out five times a week. If a Root Beer costs $1.50, I just spent $30 per month. For savings and nutritional reasons, I should have been drinking water. While the $30 savings won’t get me my $100, it’ll definitely help get me there and make my Mother happy along the way!

Clip Coupons: If you’re just like me, that means you eat a few boxes of Cinnamon Toast Crunch every month along with a few dozen South Beach Protein Bars and bags of Turkey Jerky. Interested in saving a few dollars on these monthly purchases? Websites such as www.coupons.com claim you can print a few of their coupons and save over $100 every week. Who says Double Stuff Oreos are bad for you? When I’m busy saving money when eating them, I completely disagree.

In-Home Beauty Regime: Thanks to a thinning hairline (remember this article was written by a man!) and my Flowbee, it’s been at least a decade since I paid someone to cut my hair. Suppose each cut costs an average of $50 and I need to cut my hair once every two months. By doing it myself, I’ve basically saved $25 per month. Care to come by for a Flowbee? Would you do it yourself? Doubtful on the former, possible on the latter. There are also a few other things you can do to reduce your monthly beauty costs such as a do-it-yourself manicure or mudpack.

Better nutrition? Energy efficiency? Getting yourself rich instead of Uncle Sam? As far as I’m concerned, over a ten-year period of time, I can think of 21,796 reasons to save $100 per month- and hopefully you can too!

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**Alan Haft is an investment adviser with clients nationwide. For more information, please visit www.alanhaft.com.

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2 Responses to “7 Ways To Save $100 A Month”

1. Bella says:

   August 10, 2010 at 12:51 pm

   Great tips and resources!

   Reply
2. Denise says:

   August 11, 2010 at 11:28 am

   Great tips! I could definitely brown bag it more often. I posted some great free beauty tips from Ole Henriksen on my blog, http://www.frugalluxe.com/, earlier this week. I feel pretty good knowing my measly $100 will eventually be $21,000
   Denise

   Reply

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