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How to Save Thousands of Dollars

While it is admirable to make a thousand dollars per month, it can be just as beneficial to save a thousand dollars.Have you ever really thought about how much you could save if you took a real look at your current bills?

About a year ago, I figured I was spending as little as possible, but I wasn’t budgeting my income or expenses at the time. Starting in January, I decided to set a monstrous goal for myself: paying off my house loan. This would require me to increase my income and spend very little on expenses. It was time for me to figure out if there was anywhere I could save.

The Phone Bill

As I was setting up my January budget, I realized that my phone bill was $85 a month. Suddenly (since I actually had a goal to pay off that massive debt), this bill seemed a

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Should You Save or Should You Earn More Money?

I actually ask this question of myself quite often, “Should I be focusing on saving money or should I be spending my time acquiring a greater income?” Ideally, we should all be doing a bit of both, but which one should be our main focus?

Extreme Cheapskates

I have to admit that I have been sucked into the show, “Extreme Cheapskates” lately. Some of these people have a reason to be extremely cheap, but like the title says, they most definitely take it to the extreme! These people are heading off on their bicycle and searching for coins in gum ball machines and pay phones, reaping a whopping $7 after an entire day’s search. This to me just isn’t worth it.

The Benefit of Saving

If you earn $2,000 per month after taxes, how much of that money could you possibly save? If you were able to find free housing,

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Learn to Save, Not Just Make More Money

When I first started working at my new job last year, I met a co-worker that was disgusted at the fact that companies buy all of their products on credit and don’t pay for anything with cash until long after the product is actually received. I distinctly remember him asking rhetorically, “Why can’t companies just buy their products with cash? Why does everyone in this world need to go into debt to buy stuff? Why can’t we all just live within our means?”

Now, a year later, the story has changed. After getting his first taste of luxury with his 2008 Audi A4 (which was purchased with a loan by the way), he is now salivating for a bigger house. Instead of being content with his $120,000 condo in a great part of town, he has begun to set his sights on a $300,000 brick home with more bedrooms than

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Get Closer to Your Grand Per Month by Saving More

Many of you are in constant pursuit of your grand per month, but it’s not always so easy is it? I have written articles that express the benefit of earning just $500 extra dollars per month, but if you truly want to increase your discretionary income by $1,000 or more, perhaps you could do it in the aggregate. In other words, even if you can’t physically bring in an extra thousand bucks, you could essentially earn it by reducing your expenses by the amount of income that you lack.

In other words, let’s say you are bringing home $2,500 a month with your day job. Your goal is to earn that extra thousand dollars each month, which would increase your earnings to $3,500 a month. Lately though, you have only been able to add $800 a month to your income, putting you at $3,300. This is definitely admirable, but it

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When I First Made an Extra Grand Per Month

I was fresh out of college, earning a mere $16 an hour with over $20k in debt. My income paid for the rent, some food, and the minimum payment on my debt. This was not the life I was dreaming of.

For many students, it is almost assumed that life will be rosy and easy after college. Companies will almost seek you out just because you have that piece of paper. The average salary seems to be about $50k and the good life begins. For many, this is just not the case. I have seen many of my friends apply for jobs all over the U.S. with no luck of landing any of them, which inevitably forces them to go back to work at their high school or college job. This is often in retail or the restaurant industry, and it is there that they feel stuck for life. Wages

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