10 Small Changes can Make you a Multi-Millionaire

by Krantcents

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Saving for your retirement, your children’s education or just improving your standard of living can be impossible unless you know what to do.  Small changes in your spending can achieve $1-2,000,000 over your lifetime. 10 Small Changes in your Spending Habits:

  • Save your change – this can be as much as $50 a month.
  • Stop buying soda, coffee, and junk food when out – $50-100 per month.
  • Take your lunch to work – $250-350 per month.
  • Cancel your cable TV – $50-150 per month.
  • Use coupons at the supermarket – $50 or more per month.
  • Shop at discount stores for clothes – $50-100 per month
  • Use the Internet to shop significant purchases – savings up to 40-50%.
  • Increase insurance deductibles – $200 per year.
  • Lower thermostat in winter and raise it in summer – $25-100 per month.
  • Pay bills online/automatic bill pay – $15-20 per month postage.

You may look at these suggestions and say, no way can I change or live without it!  Your next step is to find something else that yields the same or more savings.  For example, I cannot give up cable, so it is part of my entertainment.  I use group discount movie tickets to achieve similar savings and more selective how often we go to the movies.  Remember the goal is saving $750.00 or more a month, the specifics are up to you.

By conservatively investing the approximately $750 savings monthly in 30 years it could grow to $2,000,000.

Photo by: Seir

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