Personal Finance News Friday 8/3

Phil's Personal Finance Tip of the Day:

25 Simple Ways to Save an Extra $1,000

By Angela Colley | Money Talks News – Fri, Aug 3, 2012 8:33 AM EDT

Every year, I make New Year’s resolutions. And every year, I stick to them – for a few months. By July, I’ve often given up.

I’m not alone. “A full 35 percent of New Year’s resolutions are broken before the end of January of the successive year,” one survey revealed. If your resolution was to give up drinking or stop smoking, Money Talks News really can’t help you. But if it was to save more money, we’ve got you covered.

In the video below, Money Talks News founder Stacy Johnson has six ways you can use collectively to save $1,000. Check it out and then read on for 19 more…

Let’s review Stacy’s six and add to the list…

1. Cut your cell phone plan
Have you looked at your cell phone history lately? If you’re using less than your allotted minutes, text, or data, switch to a lower plan. Six months ago, I dropped my $89.99 unlimited plan for a $59.99 plan with 1,000 minutes – a savings of $30 a month and $180 so far. And I don’t miss the minutes. (I wasn’t using them anyway.) Comb through your history and bills, then ditch anything you’re not using.

2. Ditch the landline
Speaking of ditching things, it may be time to cut the landline. If you primarily use your cell phone, why keep two services that do the same thing? As Stacy said in the video, cutting your landline service can save $25 to $30 a month – around $300 a year.

To read the entire article and view the video:
http://finance.yahoo.com/news/25-simple-ways-save-extra-055511855.html

Scripture of the Day from Dave Ramsey.com:
Psalm 121:1–2 — I lift up my eyes to the mountains- where does my help come from?

Please listen to the Dave Ramsey show live on WOR 710 from 2-4 PM EST. You can also listen to the 3rd hour 4-5 PM EST. at Dave Ramsey.com.