Posted by Gail | Filed under Saving
People who are determined to save will go to extreme lengths to not spend money. There are the folks who reuse their coffee grounds or tea bags until they’ve squeezed every last bit of flavour from them. Or the folks who wash out their bread bags to use as sandwich bags for their kids’ lunches. Or the folks who go dumpster diving.
One woman wrote to me to ask why I hadn’t told people to potty-train their cats as a way of saving money. “It used to cost me almost $200 a year for litter,” she wrote. That’s money she’s now happily sending to her TFSA.
Think about it, if a cat lives for about 15 years, and you little train it in year five (cos you just found out you could do this) that’s $2,000 available for savings.
So what other lengths will people go to in order to save money?
Rumour has it vegetarians save money on food. Never mind the health benefits of eating more fruits and veggies, giving up meat (and I mean meat in the broadest sense) can leave you with money to save. Even going meatless two or three days a week can knock big bucks off your food bill.
Unplugging unused appliances is another way to trim costs and find money to save. Even when your appliances aren’t in use, if they’re plugged in they’re using electricity. And some appliances are energy pigs. Did you know your DVR is using more power than your fridge? That tiny little box. Go figure.
Using students for services ranging from hair care to tooth care can save you a whack of cash that you can send to savings. Check out local cosmetology or dental schools. Just remember, you get what you pay for.
Then there are the folks who store their candles, batteries, and pantyhose in the freezer to extend their lives? Or people who cut their own hair? Or folks who don’t flush the potty until they’ve got a log floating to save on water?
How do you find the money to save? To what extremes would you go to put an extra $500 a year into savings?