Another article on MSN offers 50 ways to trim your budget. The Bureau of Labor Statistics provides a chart outlining the average household expenditures as a percent of income, much like I did earlier this month.
In each of the categories, the article offers some suggestions for cutting back costs. Many of these I’m already doing. For example, the temperature has been above 90°F lately, and I’ve been keeping my small apartment cool by keeping sunlight out and using the air conditioner only sparingly, and turning it off whenever I go outside.
Another suggestion in the article is to “avoid over-packaged, over-processed and highly advertised foods.” Although I couldn’t say that I eat well or healthily, I do opt for the store brands in most cases.
I looked through the list to find some options that can be applied to my life, and in most cases the items either don’t apply to me or I am already doing it. On the other hand, I could probably save some money by canceling all but the basic television channels (though I enjoy some of the cable stations on occassion and I do have a reduced rate) and bringing lunch into work (I haven’t been diligent).
Updated February 6, 2012 and originally published June 27, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.