Here is one for all you frugal people: don’t forget to turn off the lights when you leave the house. The savings are marginal at first, but if you get in the habit the savings will eventually add up.
MANAGE YOUR MONEY TOGETHER
Here are some simple guidelines for DINKS to build wealth:
1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.
2) Understand and respect your partner. Take time to understand your partners values about money.
3) Watch the numbers. Get a budget, monitor your spending and track your net worth.
4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.
5) Invest in stock. Stocks perform better than bonds or cash.
6) Avoid high interest debt. Credit cards and title loans are financial cancer.
7) Diversify. Don't put all your eggs in one basket.
2 Replies to “Money Saving Tip of the Day: Turn Off the Lights”
Conversion to LED bulbs, up front costs more but the consumption is so small on a relative basis that over the life of the bulb you do end up ahead. Plus when you do inevitably forget the light on in your closet while gone away for the entire weekend the amount wasted is tiny by comparison. ;)
StockJock,
Great point. I think the long run idea is to develop the habit of keeping your lights off – thats where the savings should eventually come in.
Conversion to LED bulbs, up front costs more but the consumption is so small on a relative basis that over the life of the bulb you do end up ahead. Plus when you do inevitably forget the light on in your closet while gone away for the entire weekend the amount wasted is tiny by comparison. ;)
StockJock,
Great point. I think the long run idea is to develop the habit of keeping your lights off – thats where the savings should eventually come in.
James