Cutting Excess Luxuries
It's often amazing how much we have that we don't use.
Take a look at your own household belongings, and make a list of how much of it you
haven't used in the past year. Here's a list of ways you may be able
to save money or even generate some extra cash:
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Cutting Excess Luxuries 
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Money you'll spend:
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What you'll get:
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Ideas for cutting wasteful luxuries:
- Do you really use your car that much? You could get a trade-in for
a smaller and older car, or sell it yourself for some immediate cash. You'll save
on insurance for an older car too.
- Do you have some old stuff that you never use anymore? Hold a
garage sale, or put it up for auction at eBay and other sites. Maybe
there are some collectible items in that old junk that would sell well... if you think something
you own might be a collectible, you can find out by doing a search at eBay
to see how much people are selling that type of item for.
- If you don't want to take the time to sell something, consider donating
it to charity and taking a tax deduction.
- Does your home have some unused space? If it doesn't, maybe it
will after you clear out the junk you don't use anymore! If you have
extra space, you could get a roommate,
rent a room to a college student, or move elsewhere while you sell or lease
out the entire home.
- Your day-to-day luxury expenses can really add up. For example,
if you eat out
often, you can cut expenses by going to cheaper restaurants.
You can also take your own cans of pop, which can be bought for 15-20 cents
apiece, rather than paying about a dollar for the same thing from fast-food
restaurants. Take some potato chips along, instead of buying fries.
That will save you about another dollar. Or, eat your regular meal at
home and then have fun going out for dessert.
- For some more ideas on thrifty living, visit the
Dollar Stretcher's Budgets & Budgeting articles.
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