Financial Zip

For all you out there that say “I can’t find even $100 to payoff my credit card” you can.
I was talking to a lady a few months ago who was bellyaching about what a bad situation she was in. She really thought there was no money for her to get out of debt. I asked her a simple question. Tell me about your day. Well I get coffee in the morning, I eat lunch in the afternoon and then I get a snack in the afternoon an on and on she went. I assumed she was doing this every other day or so but she was saying she did it every work day. On top of that her and her husband would go out on the weekends and spend money eating out.

From this information I gathered that they were wasting almost $20 a day or over $140 a week. So with that question “tell me about your day” I was able to find more than $100 a week for them.

Let me get back to the original point You Can Find $100 in your budget a month. It just takes some diligence and smart saving.

Here are some of the areas to look at..




Don’t Eat Out

One of the quickest ways to save is not to eat our or limit your eating out a week. I know from past experience that I spent around or over $100/ month on eating out. It piles up over the weeks. By cutting back you can save quite a bit.

Your Potential Savings $10 - $200 or more a month




Look Into Bundles

You can save a boat load these days on your phone, internet and TV. For each of those individually you can pay,
phone - $30 or more
internet, $50 or more
TV $60 - $100 or more
Total $140-180

If you have a bundle they can come in a little under or at $100 bucks.

Your Potential Savings $40-$80




Auto Insurance and Other Insurances

This can be a big one that gets overlooked. Most people have a deductible that is to low. $250 or they pay it out monthly instead of yearly. I recently upped my deductible from $500 to $100 I saved $10 a month by doing that. If you switch to yearly payment it can lower it another $10 to $20.

Your Potential Savings $10 to $30 or more a month




Cancel any unused memberships.

You know at the beginning of the year you promised to get in shape and signed up for a gym membership of $20 a month and now two years later your still getting billed and you haven’t gone to gym get rid of it. In fact get rid of any other memberships that you have.

Your potential savings $20 or more a month




Lower Your Interest Rates

Call up your credit card company and ask them to lower your interest rates this can save you a bunch of money especially if you are at a monstrous 20% or above. By reducing you interest rate or transferring to a 0% rate on balance transfers you can save quite a bit.

Potential Savings $2 - $100 or more a month

These are some very simple and great ways to kick start you saving that money you need to save each month. So lets find out the official tally for these 5 categories

Your total potential savings $82 to $430 a month.

This amount that is being thrown away each month can be used to pay down your debt and if you are saving here is how much it can be worth to you over long periods of time. Putting away $100 - $400 a month in an interest bearing account at a conservative 8% a year.

10 years $18,128 $72,513
15 years $33,978 $135,911
20 years $57,266 $229,064
30 years $141,761 $567,045
40 years $324,180 $1,296,722

As you can see finding that money each month is pretty important if you want to capitalize on it to help you down the road.




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