Hi Welcome to professorsavings.com
We bring you daily money saving videos
HI I’m your host Rayfil Wong
Bringing you today 10 Ways to Lower Your Cost of Living
our source today Turbotax
The average American Family Budget is $49,705 a year.
#1 The gym.
If you’re not utilizing your monthly membership as much as you thought like
3 or 4 times a week, cancel your membership. This will save you
around $660 a year since membership run about $55 a year.
Don’t forget the gasoline expense you spend driving to go to the gym.
#2 Cell phone.
Save $360 a year simply switching your plan for 8 gigabytes of data
for $130 a month to a cheaper plan for 2 gigabytes for $100 a month.
Studies show that the average customer only uses about 1.58 gigabytes per month
#3 Turning up the heat.
Installing programmable thermostat can reduce cost from 5% to 20% off your bill.
Heating and cooling home can consists of 46% of monthly bill.
# 4 Coffee fix.
About 54% of Americans drink coffee every day, paying $712 a year for a medium cup of coffee at Starbucks.
Start slow. Cut out 2 cups of coffee a week can save you about $200 a year.
What!! We are charged a checking account? Request from your banker list of all charges
on checking account and switch to 100% free checking. Save yourself about $100 per year.
#6 Prescription drugs.
Switch from name brand to generic drugs and save up to $100 a month. Average name brand pill about 3 times the generic.
Average Americans spend $118 a year on book so borrow from the library. Also the library has DVD’s.
#8 Green mileage.
When buying a new car, save about $1280 a year by choosing a 25mpg car over a 15mpg car.
Let’s calculate. Driving 80,000 miles over the cours of 5 years will save you 2,000 gallons with average price of gas at $3.20.
#9 Eating out less.
American’s spend around $218 a month on eating out. Cutting down the amount of times can save you up to $2620 a year.
#10 Down the toilet.
The toilet makes up 27% of your water usage so replacing or fixing older toilet can save a family of four up to $2000.
Leaky toilet waste up to 200 gallon of water older toilet use 3.5 to 7 gallons per flush.
Conclusion: Follow these 10 simple steps can save yourself $7,500 per year.
thanks for joining us, Professor Savings signing off
subscribe for more daily money savings videos