Hotwire Offers Coupon Codes on Top of Their Discounted Hotel Rooms
So you want to cut your spending and start building your savings? Welcome to the world of ‘couponing’ where you can still spend and build up your savings at the same time!
But seriously, one great way to keep yourself on track when your spending is to have a reward at the end. Say, a trip, or a fancy dinner…something to help you relax after a month of disciplined action. And you know what? Hotwire is ultimate example of an expense that can save you money. In addition to their ‘secret pricing’ where you find out the name of the hotel after you’ve bought it, you can also search for coupon codes on a site like this: and you can end up savings hundreds of dollars overall on your booking. So you can reward yourself and still use the ‘couponing muscles’ that you’ve built up already. Thanks to Coupon Coder for the head’s up on this savings trick.
Track Your Spending for a Month and Cut Your Budget
It seems that everyone is trying to save money in today’s economy. We are clipping coupons, buying less expensive store brands and holding back on making major purchases. All of this is very useful, but the best way to cut back on spending may be to simply observe your spending habits.
Each of us spends money on different things for different reasons. As a result, broad advice about how to adjust our spending habits usually does not have much impact because a lot of what is advised does not apply to our particular circumstance. The best way to adjust our spending habits and save money is to take the time to see exactly how we are spending our money in extremely fine detail.
During the next month write down everything that you spend money on, from your mortgage payment to your morning cup of coffee. It is important to keep tabs on even the smallest items because these small purchases add up over time. You should conduct this exercise for a month since the cumulative effect of your purchases will allow you to see the impact that your spending habits have on your monthly budget.
Keep a small notebook with you and as you make a purchase throughout the day jot it down. At the end of the day enter each purchase into a spreadsheet. Include the dollar amount as well as a category for the purchase. Try to be as detailed as possible. For example, if you buy a donut on the way to work classify it as a snack, not just food. Do this every day for a month. At the end of the month add your non-daily expenses such as your mortgage, car payment, utility bills and service charges. Take the time to look over your bank and credit card statements to make sure you are not missing any items.
After you have all of your spending for the month entered into the spreadsheet the fun begins. Sort the spreadsheet by the categories of spending and then add up all of the expenses in each category. Analyze each category separately and determine if the spending in each category was essential. Decide what spending you can reduce and what spending you can eliminate all together. Did you really need to spend $120 at the local coffee shop during the month? Find ways to reduce the spending in each category in the future. For example, you can bring your own coffee to work instead of stopping at the coffee shop every morning.
Keeping track of your spending in detail for a month allows you to get a grasp on how even the small expenditures add up. That $4.00 latte may seem like a small purchase when you are buying it, but if you buy one every day it quickly adds up to over $100 per month. After completing this exercise you may be surprised by the amount of spending you can cut out every month by making simple changes that you will hardly notice.