In today’s economy, we’re all cutting back and spending less – at least we’re trying to. The odds that you know someone who has lost a job recently are pretty good. You may have even lost a job yourself. Regardless, there is renewed interest in sticking to a budget and making every dollar go further. Whether you’re planning for a worst case scenario or simply trying to save more, it pays to be frugal and the stats agree.
According to a recent survey from The Hartford, an insurance and wealth management company, one in four consumers said they have just enough money to meet basic living expenses. In fact, thirty-seven percent of consumers reported feeling “‘severe’ financial impact due to the recession.” Sixty-one percent said they would have to make significant lifestyle changes if they lost their income for three to six months.
It seems obvious, but not everyone realizes just how much it costs to keep a house running. The essentials, food and shelter, have morphed into food, shelter, cable TV and high speed Internet. You could even justify the expense as a job hunting tool. But why wait until you lose your income to save money on cable TV and high speed Internet service? Our recently released Home Services Advisor was built to help you save money on utilities . There’s no need to wait until it’s a true necessity. Start saving now.