Home Ownership (misc.consumers.house)

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Default What are currently your best saving tips ?

What are currently your best saving tips you recommend
and also practice, relating to how you make your money
go much further than it used to, whether it's for food
weekly living expenses, home and financial investment, etc.


Do as much as you can yourself. Obviously some things will require tools,
manpower, or skills beyond your ability. But labor costs are usually half
the cost.

We do our own car repairs, do our own yard maintenance, build our own
furniture, etc. If you study and take your time, there's not much you
can't do yourself. For instance, my wife and I built our own house a few
years ago for under $60,000. It's already worth more than $240,000 today
and we have no mortgage.

Also, learn to live life simpler. You don't have to own that megamansion
or new car, just because your friends and neighbors have them. We've never
owned a car that was less than 10 years old (and never paid more than $3000
for it), and our 1456 sq/ft house is more than adequate for our family of
three.

Avoid taking loans for anything. If you don't have the money, wait and
save until you can afford it. Finance changes can easily double the cost
of an item over the long term. You can still use credit cards (that's how
we pay for everything), just pay them off each month to avoid interest
charges.

Anthony
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