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1.2 ANNUAL DISCOUNTED EXPENSES

Real world estimates of how much money you and your family can save with these discounts each year:
#1. Buy 1/2 store brands      = $ 750
#2. Stock-up at best price    = $ 400
#3. Save on electricity       = $ 350
#4. See below
#5. Cut telephone costs       = $ 200
#6. Credit card savings       = $ 200
#7. Buy more merchandise used = $ 500
#8. Buy private label clothes = $ 400
#9. Cut Christmas expenses    = $ 400
#10. Get refunds              = $ 600
#11. Use company benefits     = $ 400
#12. Lower travel expenses    = $ 200
#13. Raise insur. deductibles = $ 400
#14. Pay less for insurance   = $ 200
#15. Low cost govt. services  = $ 150
======================================
Total =$5,300
Plus:
#4. Drive car one more year = $1000
(This savings only applies if you have an older car you were thinking of trading in.)
NOTE: These savings are estimates based on the best information available at the time of publication. SAVVY-DISCOUNTS.com e-mail Newsletter estimates these savings for an average family of four, with a household income of $30,000 a year. However, the dollar amount saved can vary substantially. Some families could save much less, some much more. Others will save a lot more in some areas and less in others.

1.2.1 SAVING $5,000 IS LIKE GETTING A RAISE OF $10,000 AT WORK

Every dollar you save is equal to about two dollars income from work. See end notes in Chapter 17.

When you get a raise, your new income is taxed at the highest tax bracket for your income level. You'll pay federal income tax, FICA, and state income tax.

When you save a dollar, it's like earning money tax free. In addition, you'll save sales tax and any credit card interest you might have incurred.

So saving $5,000 is really like giving yourself a raise of $10,000 with no new work responsibilities and no new work pressures.

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