Unless you are living under the rock, you can’t help but notice the global recession is here. Nobody knows when will the end of this recession be. But recession is nothing new, we have gone through a couple of these in this century before. The difference this time is that we have more sophisticated ways of sharing information to help each other get through this.
Today’s eBook of The Week attempts to share some of the best ways to help families who have been going through pay-check to pay-check and who are living under a lot of stress living under mounting personal debts and credit cards and mortgage payments.
7 Frugal Tips To Survive The Recession
No matter how bad things feel and how stressed out you feel, take heart. You can slash your living costs, reduce your credit card debt and quit worrying yourself to death. You should even be able to start a savings or investment account.
Forget The Myth Of Fixed Cost
This section of the eBook helps you with the understanding what is fixed cost and what are flexible expenses to begin budgeting.
For example, your monthly mortgage payment and life insurance payment were thought to be fixed costs. On the other hand, categories such as utilities, entertainment and auto expenses were considered to be flexible; they could be easily reduced to help cut household expenses.
The author Douglas Hanna has lived on a shoestring budget when young and found practical ways of handling what was so called fixed costs. There are tools and resources found in this section that help with lessen mortgage payment.
1. Slice And Dice Those Food Cost
It starts with the understanding of what are actually consider food, which is basically defined as meat, poultry, milk, fruits, vegetables, eggs, cereal and those other basic items. Today most people include food as McDonald’s burgers, Fried Chicken, packaged salads, potato chips, pop-corns and fizzy drinks and the likes. In this section the author shows you how you can dramatically cut down your food cost by at least 10 to 20% which can be translated into saving of 1500 to 2000 a year.
2. Cut Your Energy Bill
From pages 28 to 31, the author gives a number of tips on how to cut your energy bill, from installing energy saving lights, to weather-proofing you house and changing your temperature setting in the house.
3. Stomp Your Telephone Bill
If you can cut down your total phone bill by 20% you will be surprised that it can be quite a big sum of saving yearly. An average house hold phone bill can be quite substantial monthly. Ask yourself whether that land line is necessary since almost all people have cell phones nowadays. How about looking into detail of the cellular phone plan. What facilities are not necessary which can be cut off, how about family plan since a large amount of times are used for communicating with family members. A 20% reduction can amount to 600 to 1000 yearly.
4. Chop Your Cable Bill
This is the area where family members will have to sit down and list what they normally watch and then decide on the exact channels to subscribe to. Fewer receivers or decoders means lesser monthly bill. If you watch premium movies on cable and think you must subscribe to it and incur a monthly cost, think whether you can rent the movie instead, which maybe even more cost saving.
5. All About The Cost Of Your Insurance
The author has a section that he underlines on how to lower the cost of your auto insurance and the cost of your house owner insurance. Chapters 7 to 8 have some interest ways to lower the cost of your auto and house owner insurance costs. Chapter 9 talks about how to look into your health care cost, where most insurance brokers would have you believe that you can’t possibly reduce that expenses.
6. Taming The Credit Card Monster
Most people are affected by this credit card debt and to many, it has become a black hole. From pages 5 to 63, the author expounds on how to tame this monster. Two tips clearly stand out:
- Change the habit of spending – if you are in the habit of spending more than you earn, reverse this habit immediately!
- Increase your earning – find all means to maximize your time for earning, dive deep into your resources and find what you are good in, offer this services to others who may need them and charge for a fee, start internet marketing and others
7. Slash Those Travel Cost
Plan your trip way in advance. Most airline companies offer very very low budget flights nowadays. So it is wise to plan well ahead your family holiday. Avoid the mistake that since the air fare is so cheap you rush to book and pay for it without the consideration that you may have to cancel the last minute. This is end up more costly than you budgeted.
In this post there is no way we could show you the numerous tips the experienced Douglas Hanna shared in this eBook of The Week – Survive The Recession.
At a measly 17.00
you can actually save yourself and family
a couple of hundreds or even thousands yearly.
The Author Douglas Hanna is even will to give you a
8-week-money-back-money-guarantee
for your purchase
Should you need further information about this great eBook, you can read more from here.
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