THE TOOTHPASTE THEORY OF SAVING MONEY
Squeezing the Tube
As I was brushing my teeth this morning I found myself squeezing the tube to get that last bit of toothpaste . I smoothed it out, pushed the remaining toothpaste to the top of the tube and bent the tip when I squeezed. I was surprised how much came out and realized I have another three to four days worth of toothpaste when I had been ready to chuck the tube.
What if you applied the same process to your money? Are you squeezing everything you can out of your money?
So, Money is Like Toothpaste?
When was the last time you had your insurance agent evaluate all your policies? Are you over-insured? Do you need all your policies? Most people have seen a decrease in value to their homes. This may result in needing less insurance which would mean a less expensive policy — so you’re saving money.
What about your cell phone? I kept getting dinged $15 for overage on my data plan but had a ton of minutes roll over each month. With one phone call to change my plan, I saved $45 a month. That is almost $600 a year.
How do you plan out errand running? Do you find yourself running all around town, or do you do two or three errands that are near each other? Planning your route will mean going to the pump less often so you spend less on gas.
The Takeaway
It’s amazing how small changes will add up. If you squeeze $20 from five monthly bills, you will have saved $1200 a year. $1200 a year!! Time to see where you can be saving money — painlessly!