Tuesday, November 6, 2007

10 Ways to Cut Expenses in Orlando

For those without jobs, and even some of you with jobs, managing your luxury expenses can be a difficult and detrimental task. The things that you took for granted when working a steady paycheck can start to add debt to your name and cause extra stress for you and your family. Generation-Y in particular, will be having a hard time when their parents cut them off from movies on Fridays, free rent, iTunes bills and constant eating out. Here are a few cost cutting techniques to help you ease the transition when in between jobs or struggling paycheck to paycheck.

  1. No more Starbucks. That $3-4 coffee-mocha-whatever is no long longer in your vocabulary. Try making a pot in the morning at home. It will cut your drive time down, save gas money and enjoy coffee at a healthier and more affordable alternative.
  2. Dollar theater. Cutting out movies all together when you frequent the Regalplex is not an easy task. Look for dollar and discount theaters. The Colonial Promenade 6 in Orlando offers discount movies and has dollar days to enjoy extra savings. Remember that a Blockbuster night is always an option. Save gas, popcorn is quite cheaper in a bag and water is healthier than soda anyways.
  3. Cable TV. This is a heartbreaker, but a necessity. How imperative is it to have 20 HBO’s that play the same movies over and over. Be responsible on this one. When I cut out my premium channels it was a heartbreaker but also saved me $20 a month.
  4. Phone bills. Look for all inclusive home plans or better yet, talk less, especially long distance. Make phone calls count. Email, social networks, blogging, etc is all free and you can send pictures, movies, editorials and more to make for a great conversation. Mobile companies can also rack you bill up with extras, so look for what you are not using and let it go.
  5. Consolidate your credit cards and look for lower rates. Not an expert here, so consult someone who is. The only thing I know is the more debt that you can get rid of, the better off you will be!
  6. Get a roommate. Not exactly losing an expense but rather finding a way to cover a chunk of a big expense. That couch upstairs is a great place for someone in a worse place than you to have a little rest. It will allow your friend to get back on their feet and in turn helps lower your rent/mortgage while you get your finances worked out.
  7. Expensive haircuts. Sorry ladies, but if you are on a tight budget, the $100+ hair cut is not going to fly anymore. Look for schools that have students experiment with hair to get that new look. The Paul Mitchell School off 436 in Orlando is only 1 great example.
  8. If you must be social, go during happy hour. Temptation will always be there and you can’t always say no, I know first hand. It’s not easy being the party pooper every time your phone rings. If you must go out, be smart. Ladies, look for ladies nights, and guys hit up happy hours.
  9. Visit a local Plato’s Closet with your old cloths. Get some cash for all the stuff you accumulated when times were great and mommy forked over your mall bill. This will at least get something in your funnel and get your through a Publix trip.
  10. Jump on the Lynx. It’s not glorious, but man, gas just hit $3.00 in my neighborhood. If you can’t afford to drive, don’t. Not only will you save money on gas, but Orlando is full of toll roads, and knowing that everything in the Orlando area is 30 min away means less frequent oil changes and car headaches. Besides, I’m sure you have a buddy who is dying to take you on the town in the new truck that mom and dad just grabbed for him. Lucky, him right?

I’d really like to hear from you, Orlando and what you have done to cut back in costs. I took mot of mine from a broke out of college experience but that doesn’t mean there are countless other situations where you can save a few bucks, pinch a few pennies and make it through another month. If you are having any job finding hardships, please contact me here at the Orlando JobSpot and I’ll be sure to get back to you ASAP.

Also remember that the Orlando Employment Guide’s Virtual Job Fair is still going on for a few more days. Head on over to Orlando.employmentguide.com to get involved in a new career today.

Happy hunting Orlando!

Greg Rollett

5 comments:

Patrick November 7, 2007 at 4:38 AM  

For those people who are working or those who are not, eating out for lunch or dinner every day is a major expense. People can spend around $10 a day eating out. If you are going to eat out, pick up one of the Entertainment Books or check out restaurant.com they have 60% off sales all of the time and you can get a $25 Gift Certificate for $4 or $5. Although if you just stop eating out at lunch every day that is over $2500 a year that you could save...which would get you closer to that 60" Plasma TV we all need.

Chad November 7, 2007 at 5:32 AM  

Bring lunch to work ... Figure the cheapest you can do at lunch is $4 for fast food, but more likely it's $8-$12 to sit down somewhere with coworkers. A sandwich made at home along with an apple or some chips will save a ton each year.

Anonymous November 7, 2007 at 9:41 AM  

Skipping the plasma TV is always a great way save money for the NECESSARY new car that will be needed in the near future. Also, cutting back the type of service you get on cell phone helps too. Most of us don't need the internet on our phone. We choose to have it on our phones. Now if we can just get our other halves to agree....

Patrick November 7, 2007 at 10:12 AM  

I agree that a car can be more necessary than a glorious Plasma TV that would look perfect over the fireplace and bring years of enjoyment. But since we are talking about saving money a $30,000 SUV that eats up gas at over $3.00/gallon, increases your insurance rates, and depreciates faster than Britney Spears career is probably also not a wise investment...so maybe we can compromise with a smaller tv and a Kia. Now everyone is happy!

Anonymous November 7, 2007 at 10:26 AM  

I have to agree with the person above. I owned two cars and financially came to the decision to keep the less expensive one and older one. I now save myself almost $500 a month and dont see my hard earned money going out the tailpipe of my sports car. I can now put that money into funds and save towards a house because i already have that plasma tv!

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