8 ways to lower your cost of living

#1. Get rid of your cable/satellite.

-Instead of wasting a ton of money every month this, just buy seasons of the shows you watch when they come out on DVD. If you watch a lot of movies, get a Netflix subscription or blockbuster. This will save you a lot of money in the long run

#2. Get a small car that cost under $8,000 and gets good gas mileage.

-Calculate how much you spend in gas every year. I don’t drive very much, and I spend about $1400 every year on gas. Getting a smaller car can reduce this cost, and you can also make money if you sell your expensive SUV or whatever you have.

#3. Get a gas rewards card.

-I recommend either the Discover Open Road card or the BP gas card. If you only buy BP gas, get that card, but if you buy different types then get the Discover card. You can save several hundred dollars a year by getting the rewards from these cards.

#4. Buy everything either used or generic.

-Almost everything you buy can be bought on eBay. Most of the time you can save a ton of money on there. For food and other household items, buy the generic brands. It’s the same product, but you get more for your money.

#5. Pay off your credit cards.

-Almost everyone has credit card debt these days, but most people don’t realize that the card companies are sucking money out of their wallets through interest. Credit cards are not a bad thing if you pay them off every month when you get your statement. If you can’t do this, don’t get a credit card.

#6. Don’t drink or smoke or dip or chew or anything else addicting.

-This includes coffee, alcohol, soft drinks, any tobacco products, or anything else you may be addicted to. Drink only water. Its healthier and cheaper. Don’t drink bottled water, drink tap water. If it taste bad get a filter, it’s still cheaper. You can save a ton of money by doing this.

#7. Make your house more energy efficient.

-Do you have high electric bills? If you do a search online, you can find many things to make your home more energy efficient, from power saving lights to solar panels. Think of this as an investment that will add up in the long run.

#8. Stop eating fast food, and eat out for cheap.

-fast food is terrible for you, and its cost adds up quick. Instead of dropping $7 on a fast food meal every day at work, pack a sandwich or something healthy. Try to eat fruit also. When you go to restaurants, eat cheap and healthy stuff like salad and water.

Also check out How to have fun while living frugally.