WEEKEND EDITION: How to Save a Wad of Cash

Now that you know how to make some fast cash (read this post), it's time to focus on saving a wad of cash.

It ain't gonna be pretty, but it's not going to be forever, either. Here are a few quick (albeit drastic) money-saving tips:

Kill the Cable. You can live without Food Network for a couple months. Ditto the other 247 channels. If you pay $60 each month, your two month savings=$120.

Coupons and Store Brands and Snacks, Oh My! Your food bill is a big chunk of your budget. Invest in the Sunday paper and cut coupons. Then go through the supermarket circulars to see what's on sale. Buy only sale items you have coupons for, or, if you absolutely need the item, buy the store brand. Don't buy junk like soda or cookies or ice cream (hey - it's only for a couple months!). If you follow this path, you will likely cut your food bill by $20-$50 each week. Given your savings average $35/week, your two month savings=$280. 

Eat At Home. Dinner for two at a restaurant can easily top $40 for two chicken parms and drinks. You can make the same meal at home for about $5/person. That means you save $30! Given you would normally eat out four times each month, your two month savings=$240.

Take Your Car Off the Road. That's right, drop your insurance and turn your plates in. Make sure you can borrow someone's car when needed, or take public transportation - or get on your bicycle. Yes, it will be inconvenient, but you can live with it for a short period. You will still have to make your car payment (if you have one, but consider the following: car insurance (figure $70/mo) and gas (figure $40/week) add up. Doing so, your two month savings=$520. 

Like I said - these tips ain't pretty, but they aren't designed for the long-term, either. But if you utilize all of these tips, your two month savings total=$1160!!! That's $1160!!!

And, in two months, you will hopefully have found either a job or multiple revenue sources to live on. 

IN THE CARAVAN: Drastic times call for drastic cost-saving measures.


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