Tuesday, September 05, 2006

Saving strategies for the poor

Don't spend money on things you don't need.

Food.
Only buy food that you need and cut down expensive habits such as Soda.

Cook at home. I can buy 20 hamburgers from the grocery store for $5. That only buys me 4 hamburgers at McDonalds, the cheapest of cheap fast food joints. Plus pasta and canned veggies/fruit can be purchased for less than 50 cents each.

Take advantage of potatoes. I can buy 10 pounds of potatoes for $2. There is no other food that I can get that volume for the price. A baked potato and a half a chicken breast makes a pretty good meal, add some salsa to it and you have a cheap variation.

Entertainment.
There are lots of free or extremely cheap things to do for entertainment. Buy a notebook, (I just bought some for 10 cents) and write your life story. You can keep busy for months on the cost of paper and pen (total less than a dollar).

Go to the discount rack at Barnes and Noble. You can get books here for $3 that will keep you entertained for weeks. A bonus is that a book lasts longer than a movie and keeps your mind more involved.

Teach yourself to draw. For the costs of pen and paper, plus the cheap book from B&N you can stay busy for months. This could maybe even turn into a money making venture if you find you have a talent that you never knew about.

Go for a daily walk. Walking cost nothing and doesn't even require any kind of investment in clothes.

Exercise. A rubber band exercise set can be purchased for $10-$15. This can offer resistance training for most exercises. The last one that I purchased came with a chart of over 50 different exercises to do. Do this for 45 minutes a day.