Save Money during the Recession

by Eva on December 8, 2008 · 1 comment

in Eva,money

Ramit Sethi is running a Save $1000 in 30 days Challenge over at I Will Teach You To Be Rich.  Some of the options are no brainers (Pack lunches for the rest of the week), while some are pretty innovative (Use gas prices to become your own hedge fund).

So far there are 25 tips (listed under the cut).  Some are geared towards people with cars and houses but for the most part, I think we can use most of them them.  It may be too late to start the challenge with him on his site but I def recommend trying some of these tips for yourself.  Check Ramit’s site often for more tips.


All 25 Tips

  1. Pack lunches for the rest of the week
  2. Turn your thermostat down 3 degrees
  3. Sell something on eBay today
  4. Involve your friends in your savings challenge
  5. Optimize your cellphone bill
  6. Use gas prices to become your own hedge fund
  7. Create a “No Spending” day once a week
  8. Implement the A La Carte Method
  9. Only buy new things when replacing something old
  10. Use the free rewards from your credit card, car insurance, and workplace
  11. Never pay full retail price for clothes or eyeglasses again
  12. How I’m saving $2,000+ on eating out in 2009
  13. How to negotiate your car insurance
  14. Use self-persuasion to share how much you’ve saved so far
  15. Forget going to a bar — ask people over for dinner
  16. Cancel any large purchase this month
  17. Buy generic for the stuff you don’t care about
  18. No Christmas gifts this year
  19. Save Money, Eat Well and Look Hot in Less Than an Hour
  20. Change the date of Christmas
  21. Save thousands by pre-paying your debt
  22. Analyze your progress in the 30 Day Challenge
  23. Go cash only for 15 to 30 days
  24. Cut your commute expenses by 40%
  25. Earn more money using your God-given skills

As for me, I’m trying1, 6, 7, 9, 11, 21 and 23.  Wish me luck.

Are you going to try any of these?

About the author

Eva Haldane, editor of Sassy Women Online and doctoral candidate at Columbia University. You can find her personal blog at

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{ 1 comment… read it below or add one }

1 Lady D 12.12.08 at 4:38 pm

I’ll start with 7, 11, 17, some variation of 18 (I’m going with homemade Christmas gifts this year), 24 and 25.

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