Ramit’s IWillTeachYouToBeRich.com Series — Tip #15: Forget going to a bar — ask people over for dinner — NMBankruptcyBlog.com
This is a link to the fifteenth 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 #15: Forget going to a bar — ask people over for dinner
This is one of the most cost-effective things you can do this month — even if you only do it once or twice. Let’s assume you spent $50 each time you go out, including gas, drinks, food, tips, tax, misc (valet / lending money you’ll forget to get back / buying gum). Changing your spending pattern for just one of those can save you hundreds per year.
If the purpose of going to a bar or out to eat with friends is, well, to spend time with your friends, find ways to do it at home, whether it’s pizza, a potluck or prepackaged, simple food.
For the rest of the post click here.
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
Related posts:
- Ramit’s IWillTeachYouToBeRich.com Series — Tip #19: Save Money, Eat Well and Look Hot in Less Than an Hour — NMBankruptcyBlog.com
- Ramit’s IWillTeachYouToBeRich.com Series — Tip #22: Analyze your progress in the 30 Day Challenge — NMBankruptcyBlog.com
- Ramit’s IWillTeachYouToBeRich.com Series — Tip #27: Use barriers to prevent yourself from spending money — NMBankruptcyBlog.com
