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Show#8 Millionaire or Bust – College

July 28th, 2006 · podcasts

Topic of the Week
This week we talk about college savings and programs that can help you do that. Below is a link to the Fool website that discusses different programs that are available:
Fool.com


Money Saving Tips
Money Saving Tip of the Week
Bring your drinks to work. Bringing your own drinks is cheaper than buying them at Starbucks or the vending machine. One Starbucks coffee and two sodas a day can cost you an extra $875/yr per person…That’s a lot extra you can invest.

Talli’s Tightwad Tip of the Week
Bring your lunch to work. You can save between $15-40/wk per person
That’s $750-2000/yr per person. Combined with bringing your drinks, you can save at least $1500 and maybe almost $3000 for one person. With two people…you do the math. It’s a huge savings and well worth it.

Financial Psychology
Thinking, “That won’t save me much. What’s a dollar here or there?” Add up all those items and they might translate into a couple hundred a month, or even several hundred a month. At the end of the year, those small savings which weren’t that painful anyway, might leave you with several thousand dollars of savings.

Tool of the Week
www.insweb.com
This site is dedicated to helping you compare insurance companies, so that you can get the best rate. Give it a try. It’s free and it could save you some money.

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1 response so far ↓

  • 1 Chris // Jul 28, 2006 at 10:49 am

    Hi guys,
    As you said these are common but not so common sense. I thought about them but never implemented them. but from today on i will stick with them and see what happens.

    Good suggestions on all the shows till now, keep it up.

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