You can stop bleeding money in retirement, shares one writer, by first visualizing all the leftover money you have to spend -- in her case, putting all the cash in a drawer.
“Why would you go out and spend money for coffee?”
Saving an extra $500 a month We’d been growing tired of renting out the house so much and moving to relatives’ and friends’ homes to make room for our Airbnb guests, though. So, five months ago, we decided to Airbnb less and save more. We’re now saving an extra $500 a month — a significant amount.How did we do it? Mostly through jam-jar economics.
We’ve been saving on our electric, gas and water bills by learning more about how to reduce them. I finally read Pacific Gas and Electric’s “How to Conserve Energy” bill insert and checked online exactly how and when we use energy at home. Peak times are more expensive. Jim does a lot of the food shopping and has an eagle eye for deals. Safeway charged $4.99 for a small pack of blueberries. But we now go to Trader Joe’s where we can get a much bigger pack for just $3.29.
Scooping up sales Our organic market has 10% off on Monday, Wednesday and Friday. Walgreens WBA, +2.73% has 20% off for seniors the first Tuesday of each month, so that’s the day I now shop for toothpaste, toilet paper and coconut oil for my skin. For my birthday this year, instead of going to a fancy restaurant, which could easily have cost $200, Jim and I took a walk on Ocean Beach with Ella. We had lunch at a dog-friendly restaurant for about $40. We did the same for Jim’s birthday.
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