Wednesday, June 30, 2010
Thursday, June 10, 2010
Entertainment can get pretty expensive, but there are a few great ways to save money without ruining the weekend.
1. Maximize your movie watching experience. Movie theaters are extremely expensive and should be avoided at full price. Hit a Matinee and enjoy the same movie for half the price. Not to mention missing the headache long lines and crappy front row seats. If you don't absolutely have to see the movie right away, wait for it to hit the dollar theatre and enjoy it for well under the original price. MILK your netflix account, if you don't have one I would seriously consider getting one. I wont buy a DVD ever again. If I really want to watch something I just throw it in the Que and have it in a day or so. Rather than putting the finished movies in my mail box and waiting for the mail lady to pick it up. I drop them off at the post office on my way to school to ensure they go out that day. With the local shipping center near by I can get my next movie the next day. This can save some serious cash!
2. Cancel your cable: I hate watching commercials! I also hate the suspense that my favorite TV shows leave me with each week. So I wait till the end of the season and then put it in my netflix so I can watch it over a weekend.
Many stations like NBC and Fox let you watch current season episodes on the web. You still have to watch a few commercials but they are shorter and you can often optimize the ads to things you don't mind learning about.
Check out hulu.com to watch episodes online for free.
3. If you are looking for a night out on the town avoid spending too much on drinks. Find a local music cafe where you can go with your friends and enjoy free live music while you eat. It's a great way to spend an evening.
4. Head to the beach or a local park. Typically the fee is very low and is a great way to spend a Saturday enjoying the outdoors.
What are some of your cheap entertaining ideas?
Thursday, June 3, 2010
Saving on Rent.
For most of us our rent or mortgage is our largest expense. Before purchasing a home, paying rent was my least favorite part of the month. I hated that I was burning my money. Of course I understand that shelter is a need, and does provide a service. But no matter how you look at it, any amount of money being paid in rent is money lost forever. So for those who are paying rent here are a few ideas on how you can save.
1. Find a place where you can share a room. Typically apartments with shared rooms have a much lower cost for rent. Having a roommate can actually be a lot more fun than having your own room.
2. If you are currently living in a place where you have your own room. Contact your landlord about finding a roommate. If legal in the area landlords love this. First off they get to get another deposit in which they take a large portion to keep for carpet cleaning if needed. Secondly despite lowering your rent overall now they have 2 people paying $500 a month rather than one paying $700
3. Buy a place: If you have a steady job but don’t want to be tied down with a huge mortgage. Purchase a place and rent out the extra rooms. If you have a four, bedroom place you can often make money on renting out the spare rooms. At least you will have others paying your mortgage and helping you build equity each month.
Alan Corey a self made millionaire used this tactic to make a lot of money. Check out his book “A million bucks by 30” for details. (This is one of the funniest personal finance books I have ever read. I love it)
Here is a link to his website http://www.alancorey.com/
4. If you don’t mind living with a couple, many families are willing to rent out single rooms to save on their mortgage.
What are some of the ways you can think of to save on rent?