This is a link to the last in an ongoing series billed as 30 Day Challenge to save $1,000 by Ramit Sethi at IWillTeachYouToBeRich.com, his blog on personal finance (banking, saving, budgeting, and investing) and personal entrepreneurship. His series outlines the various ways we can keep money in our pockets.Tip #30: How I’m saving $20,000+ in 2009
Today, on this last post of the Challenge, I decided to write down some of the ways I’m saving money in 2009. Alone, each doesn’t seem like much. Together, they add up to a rough estimate of about $25,000 of savings in 2009 — a surprisingly high number.
The suggestions may not apply to you, and then, again, they might. The emphasis is on small changes, made into habits, with obstacles to application removed so that you don’t have to work to do what you want to do. Automatic savings, easy-to-find reference to sites and programs that might save you money if you check them out, taking a proactive role in negotiating changes to the services that you buy — these can help everyone.
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For previous tips: Tip #1: Pack lunches for the rest of the week, Tip #2: Turn your thermostat down 3 degrees, Tip #3: Sell something on eBay today, Tip #4: Involve your friends in your savings challenge, Tip #5: Optimize your cellphone bill, Tip #6: Use gas prices to become your own hedge fund, Tip #7: Create a “No Spending” day once a week, Tip #8: Implement the A La Carte Method, Tip #9: Only buy new things when replacing something old, Tip #10: Use the free rewards from your credit card, car insurance, and workplace, Tip #11: Never pay full retail price for clothes (or eyeglasses) again, Tip #12: How I’m saving $2,000 on eating out in 2009, Tip #13: How to negotiate your car insurance, Tip #14: Use self-persuasion to share how much you’ve saved so far, Tip #15: Forget going to a bar — ask people over for dinner, Tip #16: Cancel any large purchases this month, Tip #17: Buy generic for the stuff you don’t care about, Tip #18: No Christmas gifts this year, Tip #19: Save Money, Eat Well, and Look Hot in Less Than an Hour, Tip #20: Change the date of Christmas, Tip #21: Save thousands by pre-paying your debt, Tip #22: Analyze your progress in the 30 Day Challenge, Tip #23: Go cash-only for 15-30 days, Tip #24: Cut your commute expenses by 40%, Tip #25: Earn more money using your God-given skills, Tip #26: Gardener? Cleaning lady? DIY instead, Tip #27: Use barriers to prevent yourself from spending money, Tip #28: Use price-protection guarantees to always get the lowest price, Tip #29: Stop being a loser and pay money to save money