Here are a few ideas for saving money.

  1. Unplug electronics that are not in use – ‘vampire’ electronics consume an average of $100 worth of energy per year when turned off.
  2. Low-flow showerheads can save about 2,900 gallons of water per year.
  3. In winter, reverse your ceiling fan to pull cold air up and move warm air down.
  4. Lower your water heater temperature.
  5. Install a programmable thermostat.
  6. Buy movie tickets in multiples – from wholesale retailers like Costco or from the movie theater’s website.
  7. Drop cable and subscribe to Netflix, Amazon Prime or Hulu.
  8. Use the 7 day rule. Whenever considering an unnecessary purchase, wait 7 days and then ask yourself if you still want that item.
  9. Don’t spend big money entertaining your child. Most kids can be entertained very cheaply with ordinary stuff from around the home.
  10. Call your credit card company and ask for a rate reduction.
  11. Drink more water. Staying healthy in any way helps reduce costs.
  12. Turn off lights before leaving an area. If you spend one minute turning off lights before a two hour trip, that’s equivalent to earning $50/hour.
  13. Install CFL or LED bulbs. They cost more initially but LEDs use 2% of the electricity of an incandescent bulb. CFLs use about 25%.
  14. Clean your car’s air filter. This can improve mileage by up to 7% (about $100 for every 10,000 miles). Keep your tires pumped up as well – each pound of pressure underinflated results is about 1% more gas consumption.
  15. Plan ahead and buy clothing on sale. Off season shopping can save.
  16. Move in with your parents at any age. (oh no, help!)

AIO Financial is a member of the US Social Investment Forum and specializes in Socially Responsible Investing. To set up a free meeting with AIO Financial (a fee only financial planning firm), please contact Bill Holliday, CFP – or 520-325-0769.