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Save $100+ a Month For Your Nest Egg

10 easy ways to make it happen

Are you saving enough for retirement? Putting aside an extra $100 a month can make a bigdifference, especially if you "pay yourself first" through an automatic investment program.
Take a few of these cost-saving measures below, and you'll be on your way to saving much more than that-money you can then invest in your future.


1) Dine at home tonight. How many nights a week do you eat out? Food is one of a family's biggest expenses, and a meal that could cost $30 or more at a restaurant might cost $10 at home-that's a 66 percent discount! Keep track of how often you dine in, and then vow to increase that number.
> Estimated monthly savings: $160 for eating in 2 more dinners each week

2) Holster that credit card. Researchers at the Massachusetts Institute of Technology found that people are willing to spend twice as much for the same item when using a credit card compared with cash.1 We spend more when using credit cards because they break the link between the joy of buying things and the pain of paying for them, researchers say. If you feel that your spending is getting out of control, stick with cash for a month to see how it changes.
> Estimated monthly savings: $100 or more

3) Cruise the frozen food aisle. Compare the costs of frozen meat, poultry, seafood, fruits, vegetables and juices to their fresh counterparts. You'll often find that frozen is cheaper because handling frozen foods is more economical for food processors. And frozen food is just as nutritious as fresh, in most cases.
> Estimated monthly savings: $50

4) Cut the cable. Are you paying $100 a month or more for channels that you rarely watch? Consider dropping your subscription. But first, get a digital antenna, which should allow you to get major networks and many other channels for free, thanks to the nationwide introduction of digital broadcast. Then check out services like Netflix, Hulu or Amazon Instant Video, which provide an ocean of content through your Internet connection. (You'll also need a compatible media player like a Roku player or Apple TV.) If dropping cable service sounds daunting, save money by decreasing your service to a lower tier.
> Estimated monthly savings: $50

5) Buy "refurbished" tech. Refurbished electronics-everything from TVs and phones to computers and cameras-come directly from the manufacturer or an authorized dealer. These items may have been returned by a previous owner or may be excess inventory. Make sure they've been tested and certified and carry a warranty or other guarantee. You could save 50 percent or more-and if, like many Americans, you buy such gadgets several times a year, the savings can really add up.
> Estimated monthly savings: $40

6) Consider consignment for kids' clothes. They'll just grow out of them, right? Look for local consignment stores, which carry up-to-date fashions for 50 percent or more below retail. Offer hand-me-downs to friends, family or neighbors with younger kids; someone is bound to return the favor with age-appropriate clothes for your kids.
> Estimated monthly savings: $30

7) Time your buys. Retailers provide deep discounts when they're trying to clear inventory. Different items are cheaper during certain months or even certain days of the week. For some good hints, search the Web for "best time to buy" and then complete the phrase with the item you're looking for.
> Estimated monthly savings: $25

8) Mobilize for savings. More shoppers are using smartphones in stores to see if they can get items more cheaply online. Apps like RedLaser and Price Check let you search for items by scanning a bar code, snapping a picture or speaking the product name. You can even buy directly from the phone.
> Estimated monthly savings: $25

9) Re-shop your auto insurance. Your premium is based on a number of factors that can change over time. Your insurer isn't obligated to tell you if you're now eligible for a lower rate-you have to call and ask. If you still can't get a better rate, consider shopping around for a new insurer.
> Estimated monthly savings: $25

10) Don't waste energy. You can save up to 10 percent of your heating and cooling bills by adjusting temperatures 10 to 15 degrees at night, or when you're out, according to Consumer Reports2. A programmable thermostat automatically adjusts temperatures to the parameters that you set, so you don't have to remember to reset them each time you go to bed or leave for work.
> Estimated monthly savings: $16

Learn More About Automatic Investing
Consistent saving over time can add up to a comfortable retirement. See how even small contributions can make a big difference over time.

Start an Automatic Investment Now

1 Prelec and Simester, "Always Leave Home Without It: A Further Investigation of the Credit-Card Effect on Willingness to Pay," Marketing Letters 12:1, 5-12, 2001
2 "12 low-cost ways to save energy-and money-now," ConsumerReports.org, November 2011

A program of regular investing does not assure a profit or protect against depreciation in a declining market. Janus Distributors LLC (05/12) C-0512-13849 06-30-13