SAVE MONEY

What would you rather do for 2006: Make an additional $10,000 of income or SAVE $25,000 of your $$$ for the year?

Hopefully you answered that you would rather save $25,000.  If not, check your math.

Here are a few ways to save that $25,000 this year:

1. COUPONS- Use them and you could be saving $20-$50 a week; that is $1,000-$2,500 a year in savings. That is real money that you are spending now that could go back into your pocket. Check out this link for more details. CLICK HERE

2. MORTGAGE- You are probably throwing way hundreds of dollars each month. And I am not talking about refinancing. Learn a better way to use your mortgage to your advantage. You could save $14,000 or MORE this year by using your mortgage the RIGHT WAY. You could build $40,000+ in equity into your home quickly and have your house paid off in 1/3 of the time. Not having a Mortgage or rent payment could do wonders for your finances and give you peace of mind. It doesn't matter where you live in the World; this information is worth reading. For more information on saving on your mortgage, check out this site. CLICK HERE

3. TAXES- Taxes are different in every country but here in the U.S., you can get MAJOR tax breaks for having your own small business or home business. A person/family could be getting $5,000-$7,000+ in tax deductions! And to take advantage of the tax breaks, you don't need to be making a full time income from the business. All you need is a business that you are trying to make a profit from. The tax savings whether you rent or own your home can be tremendous. Do you have your own office in your home? If so, part of your rent/mortgage can be deducted. Part of your phone, internet, and electric bills can also  be deducted. Gas Mileage is a big one. Do you drive around town for your small business? Some things included would be setting up meetings, running to the Post Office, and driving to the business supply store. Well, this mileage is tax deductible at roughly 33 cents a mile. Think of it this way, if you own a business and aren't taking this deduction, it's like you are throwing $1 away every 3 miles. Try that sometime, throw out $1 bills for every 3 miles you drive. I am sure that will help you visualize it much better. Of course talk to your Tax advisor prior to making deductions etc...

Let me say, I AM NOT TELLING YOU TO STOP PAYING TAXES. I know that kind of stuff goes around the Internet, such as websites advising you to get offshore bank account etc..  I AM NOT TALKING ABOUT THAT. I am talking about legitimate ways for you to save on your taxes that are perfectly legal and have the tax code put in by members of Congress. There is no point of overpaying your Taxes if you don't have to. IT IS YOUR MONEY; YOU WILL NEVER GET IT BACK IF YOU OVERPAY. 

A good resource to learn more about the Tax Deductions for home business is entitled Lower your Taxes-Big Time by Sandy Botkin. You can find this book at Amazon.com for about $11.

Also "MLM Tax Helper" can be found at http://www.internettaxhelper.com.  The cost on this software varies.



So all together that is almost $25,000 in real savings back in your pocket this year!! People try to work and work to make extra money which is fine, but if they are working 10 hours extra to make an extra $100 but then spending $200 that they shouldn't be, they are still in the hole. Why not take that 10 hours and use that time to SAVE that $200.

The coupon information I discussed takes maybe 5 hours a MONTH. This is 60 hours in a YEAR. If you saved $1,000, that is like making $16 an hour.

The mortgage information could take maybe 20 hours to read through, understand, and implement. And maybe an additional 1 hour a month. So it takes 30 hours of time and effort to save $14,000 this year. Is it worth it?

The Taxes information could take 100 hours to read the books, implement etc... But saving $5,000-$7,000 would make that worth about $50-$70 an hour!


Better yet is the fact that if you are actually saving money, that is NET to you. For example, if you saved $10,000 in 2006 using these strategies or others that $10,000 is in your pocket. If you earned $10,000 from a job you would still have to take taxes out of that etc... So your Net could be $7500-$8000. 

USE YOUR MONEY MORE WISELY. Take the time to understand where your money is going and where you can save. You don't need to pinch every penny.  I surely don't but you don't need to just waste THOUSANDS of DOLLARS every year either. You only have so much income coming in so use it wisely and build financial security.

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Here are a couple of other ways to save on everyday expenses.

Long Distance Phone Service

If you are still paying .07-15 cents or more per minute for your Long Distance, it's time to change.  Many great companies have low rates on Long Distance services.  I have used a company called UNITEL for many years and have never had a problem with them.  It has saved me hundreds of dollars over the years.

They have a rate of 2.7 cents per minute. Yes, that is less than 3 cents per minute! They also have 6 second billing which can really add up. When you make a call for 10 minutes and 18 seconds, they will charge you for 10 minutes and 18 seconds.  Compare that to some  companies that have 1 minute billing that will charge you 11 minutes for the same call and more than likely have MUCH higher rates.   So if you use a lot of Long distance, please check out the following link for more information on their rates.

Click here for UNITEL rates and more Info

Cable TV

 Cable TV rates seem to go up and up each and every year. Well, if you want the channels that come with Cable but want to save some money on the service take a look at Dish Network.

They offer rates that can be as little as 1/2 the price of regular cable rates.  Many times they offer more channels than cable does. Plus, you can still get your local channels included.  They also offer free installation.

If you want more information on Dish Network, please Click this Link.

Restaurant Discounts

We all need some time to dine out but you don't need to pay full price for it. Be on the look out for 2 for 1 coupons.  In our town we have a book of about 200 pages of 2 for 1 coupons to places from Fast food joints to high end dining.  My wife and I are on an eating out budget but we still use the coupons and are able to go out more often because of them. The book cost us $25 for the year but we will save 20-30x that amount. 

The Entertainment Book now has discounts on their book.  I believe its about $10 for the 2006 edition (As of May 2006). 

Here is the link to get the Entertainment book at a discount of $10.   

Travel Discounts

If you are looking to fly or spend some nights at a hotel look into the discount travel sites online.  I have saved $1,000's of dollars over the last couple of years by using the sites...

www.priceline.com    www.hotwire.com   www.expedia.com    there are other sites of course but those are the ones I have used and have seemed to find the best deals. 

Be sure to join our Monthly Newsletter for more Money Saving Tips!

Remember you are only a MANAGER for GOD'S MONEY!!  Use it wisely!!  

Many people (Including myself) get angry at all the $$$$ wasted by the Government each year.  But are we wasting or throwing away $$$$ ourselves that GOD has entrusted us with?

You can't take it with you but you can Pass it forward to touch and reach more people for God's Word.

Also look at  http://www.500bucksback.com  for more great savings ideas.