Saving Cash

Created by Jimmie Burroughs

Most who live in the U. S. would be well placed to afford a great lifestyle, if they were just content living the simple life. From time to time a super rich person bears out the benefits of living simple. This week billionaire Charles F. Feeney Demonstrates a noble way to spend excessive amounts of money and it is not by pouring on the luxurious, living in multimillion dollar homes, driving pricey foreign cars, and definitely not by hoarding. Mr. Feeney owns neither a home nor a car and flies coach. His watch is one of those $15 roles like it is easy to get at Target.

This week the New York Times has exposed that the 80-year-old Charles F. Feeney is the donor who gave his alum, Cornell University, a $350 million donation to build a new technology-based satellite campus on Roosevelt Island in New York City. Yahoo reports claims, “This donation is anticipated to generate an extra $1.4 bn. in tax income for the city, plus 20,000 construction jobs and as many as 30,000 new jobs once the facility is up and running.”

It is well known that Mr. Feeney isn’t impressed with all the things cash can buy, but rather in what it can do to help those who require help. When asked why he decided to give so much cash away, he replied, “I simply decided I had enough money.” It is his plan to be totally bust by the time he dies.

What plenty of people still have to realize is that the simple life can release lots of stress brought on by making an attempt to live above their means , and free up time to live rather than fighting trying to earn more cash to buy more things. One of the issues is that too many think they have to have a home that’s three times bigger than they require and drive a new automobile, or maybe 2 new cars.

Here are 5 strategies how you can live a classy yet simple life:

(1). Purchase a house that just meets your needs and has a low monthly mortgage. Use easy techniques to make it classy, like today’s modern color schemes you can create yourself. Furnish it with older used, solid wood furniture, which is a far better quality than today’s new furniture. Things don’t have to look new to be sophisticated; some wear gives character. Look for bargains on drapes and curtains. Some really good home decorator items, and even furniture, can often be found in garage sales or thrift stores. Don’t go too far by decorating your home with a lot of un-needed junk; keep it simple and tasteful.

My home is around 3,000 square feet. It’s a foreclosure when purchased and needed some aesthetical repair. Over time it’s been transformed into a beautiful home and the work was done by yours truly. Even in the down market it is still worth two times the original cost.

(2). Save your cash and buy an older used auto. If you shop smartly, you can get a good auto with lots of miles left to serve you. Even if you have to spend some in some repair, it’s going to be much less than the large monthly payments on a new car. I purchased and paid money for a 5 year old Jeep Wrangler with 68 thousand miles; it looked great. Five years later I’m still driving it, still looks superb, and the manufacturer’s price is near the same as when bought. Hopefully it will last another 5 years. There’s only been one small repair bill. The Wrangler is especially viable for pulling behind the motor home when I travel; it pulls so straightforward.

(3). Shop sensibly for your clothes; the perfect time to buy is at the end of the season when you can get them for as much as 75% off the original price. Last year I bought a lovely unique sport shirt that originally listed for $98 for $12.99, and bought a leather dress sport coat in July for a $132 that originally listed for over $300.

There was a point when buying used clothing would be out of the question, but now I frequent Goodwill. A pair of dress shoes that looked brand spanking new, that sold for around $350 on the internet, cost $7.99 at Goodwill. Levies jeans that look just the same as those that cost $50 new, cost $7.95. A new George Forman grill cost $2.99.

(4). Buy some of your groceries at a discount grocery. The brands are not ones you’re acquainted with, but you will find that occasionally they are even better than known brands, and the savings are good. The sole negative is that you’re going to. Potentially have to go to the chain grocery also to fill all your wants. Another way to save is by utilizing discounts. Sometimes the Sun. paper or mail outs will give you the coupons you need. Read some of the informative articles on the Web about using coupons.

(5). Today one of the huge expenses is for fuel for your auto. You can save yourself lots of cash and time by planning your trips to make 1 or 2 or more stops with only one trip. Save energy at home by monitoring your thermostat closely. Keep doors closed and lights and appliances turned off when not required.

Conclusion:

This is by no means an exhaustive list of each way to simplify your life, but these discussed are a selection of the major ones; this is a good way to start. When I got fed up with the daily treadmill and decided to simplify my life, it took 2 years to get the job done. It will probably take you a little time also.

If you have Mastercard bills, or you are living in a home much above your means, and driving a car with high standard payments, it’ll take time to downsize and pay off your debts, but it’ll be worth all your effort.

The simple life is a great and rewarding way to live. You may also find the peace that things will never provide by including God in your life. He’s going to fill the gaps that you may have falsely thought material things would. Learn the way to invite God into your life.

Jimmie Burroughs has been concerned in teaching Christian Personal Development on and off for more than 30 years. He’s a dedicated believer in Jesus Christ and considers helping people his calling in life. His website has many articles on preparing yourself for success through private development.