Essay on How to Save Money

1000 Words Dec 14th, 2014 4 Pages
Topic: Save money
General purpose: To inform/demonstrate
Specific purpose: To demonstrate my audience how to save money
Central idea: Easy and cheap tips/ideas to learn how to save money on daily basis, and improve our financial life
Strategic order: Chronological
I. For what do you want to save for? What is your goal?
A. Saving money, improving your financial life, building wealth. It all starts when you set a goal and make a plan to reach that goal.
B. Starting is always the hardest part. After that, you start taking more and more little steps and before you know it, your financial life is getting better.
II. No one wants to waste money and the problem is, saving money is hard work. There is so many ways to save
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Ways to save money in home A. Take short showers. Bear the occasional cold shower! Turning down the heat saves money on both water and the energy it takes to replenish your hot water tank. If cold showers are your worst nightmare, try adjusting your hot water heater’s thermostat to 120 degrees or less. You'll still save energy (without the goose bumps). B. Turn off the water while scrubbing dishes. Spray a little water on all the dishes in the sink, then turn it off while scrubbing. Turn the water back on when it’s time to rinse. Hand washing dishes (versus a dishwasher) just once daily—and not leaving the water running while scrubbing—can save 200-500 gallons of hot water per month. That’s not just good for the environment; it’s good for your wallet. C.
III. Ways to save money in food
A. Bring lunch to work. If buying lunch at work costs $5, but making lunch at home costs only $2.50, then in a year, you could afford to create a $500 emergency fund and still have money left over.
B. Eat out one fewer time each month. If it costs you $25 to eat out, but only $5 to eat in, then the $20 you save each month allows you to almost completely fund a $500 emergency savings account. C. Shop for food with a list and stick to it. People who do food shopping with a list, and buy little else, spend much less money than those who decide what to buy when they get to the food market. D. Make your own snacky foods. Snack

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