Mike
Carruthers:
Money may be tight in your household but there are some things
that you may do to free up some extra cash without much effort.
Danny Kofke:
It's not the major things that I think that are killing people,
it's those little ten, twenty, thirty, forty-dollar purchases
that over time when a month, two months go by you realize, "Wow,
I've spent five hundred dollars on this."
Danny Kofke,
author of the book How
To Survive (and Perhaps Thrive) on a Teacher's Salary…
You eat out at
lunch every day and spend ten dollars a day - that's three hundred
dollars a month. Three hundred dollars a month is a lot of money
and it adds up over time. If you go out once a week, go to a
movie and eat dinner you're going to drop fifty, sixty bucks
easy. Over a month you do it every single weekend, there's two
hundred dollars - right there.
Buying things
with cash instead of a credit card can make a big difference.
First off it
keeps you out of a lot of trouble because the spontaneous purchasing
with credit cards is so easy to do - very easy to swipe a piece
of plastic. But if you bring out that green stuff it's hard
to spend it and you might think twice about this purchase and
that might be a good thing. Instead of buying it right now you
go home you think about it twenty-four hours, forty-eight hours
- if you still want it, OK then you go back and get it.
Danny practices
what he preaches and says he does not live a life of deprivation
without fun and an occasional dinner out.
We still do those
things, we just don't do them all of the time and for us then
it's more of a treat whereas I think some people are so used
to eating out all of the time that when you do do it, you almost
take it for granted.
At
somethingyoushouldknow.net
I'm Mike Carruthers and that's Something You Should Know.
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