Posts Tagged ‘retirement savings’

Painless ways to cut expenses and save for retirement

Posted October 11, 2008 by Bernz

Building a steady saving and investment system is critical for retirement income planning. I won’t lie. It can be tough for late savers to get motivated. That’s why I thought I’d give you more tips so that you can see how painless cutting back can be. Choose any or all of the retirement fund boosters below you’ll be pleased with how simple it is to stretch your cash, cut expenses, and build your retirement savings.

Nip the cable. Netflix offers a great 4.99 deal for movies. But your public library has them for free. Another free alternative is to view movies and T.V. programs from liketelevision.com.

Read your news and entertainment online. Magazine and newspaper subscriptions, along with the cost of buying at the stand cost on average $24 dollars a month. Eliminate this expense without loosing value by reading your news and entertainment online. You’ll also avoid commercials which create more spending urges.

Rent out your garage. This is an income stream rather than a way to save money. What the heck. Take the funds and contribute them to your savings. Put a sign in your yard, post it in area grocers, dry cleaners, at community colleges. And of course Craigslist.

Rent out a room. Aside from your garage, that is. Got a spare bedroom (if your college kid comes home twice a year, you’ve got a spare room). What about a sewing room. Dining area with a door. Rent it and start earning and save big.

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