I have never been an extravagant spender, but over the years, I’ve found some very easy ways to cut spending without affecting my lifestyle one iota.
Here are ten “double latte” secrets others might benefit from:
1) Get a haircut at a pricey NY salon for FREE by going there on the training day. The top stylist cuts my hair in front of ‘trainees’. I used to go to Supercuts to save money. Now I get a better cut.. and for free.
2) Buy good quality furniture through North Carolina discounters instead of Pottery Barn. You’ll save a ton and get better quality stuff.
3) Buy on Ebay. This week, I needed to replace an old duvet cover. Instead of spending $300 for a top of the line duvet cover at Macy’s today (on sale from $500), I bought a new, identical one on ebay for $100 including shipping.
4) I share my metro card with my nanny instead of buying her her own one. Savings $70/month.
5) I order all my prescriptions through mail order– instead of my local drug store. I get a 3 months supply for the price of one.
6) I convinced my employer to start a flexible transportation spending account (FTA). This way we can put pre-tax dollars into the account for daily expenses. They hadn’t thought to do this!
7) Buy the “Entertainment book”. Although you’ll have to pay a nominal $20 charge, it gives you 2-for-1 at many restaurants, attractions, etc. The book can pay for itself in 1 meal!
8) Buy whatever you can at garage sales–especially childrens toys and clothing.
9) Re-order checks from a mail order company– instead of through your bank. You’ll pay a fraction of the price.
10) Have a regular “phone date” with family members. That way you don’t waste time or money on long distance calls.
As you can see, there are easy ways to save money without compromising lifestyle.
I think I’m a good “double latte factor” example.
Can you please send me a mug?