Cutting Down On Your Expenses = More Money In Your Bank Account (PART 1)

We spend way too much on electronics and technology these days. Let’s try and cut down on costs. Here are a few examples.

TV’s: I remember being one of the first families to own a big screen TV growing up. Three years later more families started to purchase them as the price decreased and technology improved. Instead of perhaps $3-$4k for the big screen TV, everyone else got it for maybe in the $2K-$3K range. Now it’s the age of flat screen TV’s. When these first came out, they were going for over $5K, now you can get them for $200. The Lesson? Wait and save money. Besides, you don’t have to buy the “latest and greatest” because tomorrow there will be another “latest and “greatest”.

Cell Phones: I am going to use Verizon as an example because that is what I have. Ok, $20 for unlimited IN bound texts Plus 5000 additional texts. Do we really need all that? That’s $240 in savings a year/ $1200 in 5 years. Plus think of all the productivity that could be gained if texting did not exist.

V Cast is another thing. How many of you have V Cast?

Hundreds of video clips daily, including sports highlights and news updates. Email and shop online with Mobile Web 2.0. And play amazing 3D and multi-player games.

This is also $15 a month. That’s $180 a year and $900 in 5 years you can save without this. Plus think of all the productivity that could be gained without this feature.

Sometimes we need to analyze our expenses one by one to see where our money is being wasted. Instead, we can save this money and invest it somewhere. It’s not the end of the world if you don’t have the best tv out there or if you don’t have text messaging and V Cast!


Next, I’ll talk about how much can be saved from dining in!