The Easiest Way to Save Money

The best and easiest way to save money is to not spend it to begin with!

Your retirement lifestyle must include recognizing what is actually a luxury, and items are necessities.

Easy ways to keep track of your spending is to stop the use of credit cards unless it’s a NECESSITY. Carry cash with you, and always know, almost to the penny or peso, how much you have in your purse/billfold.

Avoid ATM withdrawals – that “I’ll pay for it later, or, wow, I have a bunch of cash now”, can only lead to problems a little later. And I’ll bet money that in a week you won’t even remember what you wasted the extra money on…unless it was a NECESSITY.

Do bargain shopping, use coupons, compare prices and make sure you don’t just grab the largest size assuming that it is the best bargain (merchandisers have already caught on to the fact that most people grab the larger, just assuming it’s cheaper – surprise – it’s not always!

And, of course, as I’ve said many times, downsize your home. We have found that visitors are glad to stay in nearby resorts or motels, or be satisfied with our very comfortable trundle bed that is incorporated in our computer room.

Downsize the amount of cars you are paying insurance on and the upkeep on. Cars are never going to be a good investment, unless you are lucky enough to already have the money to waste and buy some vintage stuff…even then, it’s only worth what someone else is willing to spend on it, and once you include the upkeep again, we, who must watch pennies just can’t afford to do that sort of stuff.

Now, here are “Great-Value” areas, from International Living:

But, just because the price of living is small, doesn’t mean you really want to live there – do your research!!!

Taken from my article “Retirement Decisions”: “There are places in the world you can live on very little money – I’m talking about under $100 a month. But, I prefer a flush toilet, thank you. And I want water coming out of a faucet in my home – I cringe at the thought of dipping water out of a crocodile-infested pond for daily use – not for me. …”

So here’s their list:

Belize. Ecuador, Panama, Spain, Thailand, The Lake Chapala area in Mexico.

There is something, someplace, for every one of us.

From  my book, “Money Saving Mexico” :

“We Are All the Same, Yet Uniquely Different.” Barbie

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14 Responses to The Easiest Way to Save Money

  1. Jane

    May 1, 2012 at 7:40 am

    Dear Barbie,
    It’s so interesting how life works — for me to receive your newsletter today.

    I have two things going on in my head these days, as I ponder the details of moving to Mexico in July of next year. Both things were addressed by you:

    1) Spending money needlessly. I’m trying to bite the bullet and quit spending money on things that aren’t really a necessity. I’m frugal, but little purchases here and there add up.

    2) Things will work out. I’ve had a concern about where I should be in Mexico and what will be right for me — close proximity to an airport so my grown children can come for visits with ease, yet small and quaint – not a big city. Someplace where my small budget will work, since I will be counting on Social Security entirely.

    Your simple statement just hit the spot and brought tears to my eyes – it was so encouraging: “There is something, someplace, for every one of us.”

    Thanks for what you are doing to help others to find the good life.


  2. John Rutledge

    May 1, 2012 at 7:17 am

    Hi Barbie, como esta? We recently moved to Merida, in Yucatan.
    We find it so much easier to save here! Our monthly budget is so much less. The savings on medical care and insurance alone more than pays the rent. We now take our monthly cash needs out of our stateside bank, and divide it into spendng category envelopes to reinforce budgeting. It is amazing how far we can stretch our food dollar eating and buying from the small local shops and eating places. Dinner last night near the park was about $5. The ice cream store next door serving wonderful homemade treats cost about $3 for our splurge. Our monthly budget is $1600 for everything, and that includes $25/each for my partner and I to spend or save as we wish. We now find saving fun and easy like never before, and Mexico makes it a joy.

  3. Pete Schuster

    May 1, 2012 at 4:12 pm

    I hate not to feel the same but 10 years ago we sold our home in Ajijic because I could have stayed in La. for the cosy of living in Chapala.
    We made two moves after that in now in Tequisquapan living cost here is 40-50% less and climate great. Pete

  4. Barbie


    May 5, 2012 at 9:19 pm

    Thanks for the update Pete! Barbie

  5. Barbie


    May 5, 2012 at 9:21 pm

    You made my day, Jane. Thanks so much, Barbie

  6. Barbie


    May 5, 2012 at 9:23 pm

    Thanks so much for writing! Confirms what I keep saying – you can really have a blast on the cheap! Thanks so much for writing! Barbie

  7. Lawrence Juan

    May 7, 2012 at 3:17 pm

    Hello Barbie, I keep holding on to your helm for fear if I let go I will drown in this turbulent sea of stress, depression and materialism. Your news letters are indeed a life saver and hope for a fulfilling life. Muchas Gracias.

  8. David

    May 17, 2012 at 3:23 am

    How aptly said that the best way to save money is to stop spending it. Well let me tell you its not an easy feat to accomplish because another expenditure is right around the corner. I always end up spending money on things which are not even useful. So the most important thing one has to learn is to prioritize their needs that will be really beneficial in the long run.

  9. Thomas

    May 17, 2012 at 3:44 am

    Most of the people resort to some or other things to save money for future. Some succeed in it while some keep trying. I love your post it helped me that how I can save money that too in easy way. I tried bargaining on purchase but don’t get good returns but I should use your tips to save extra money for my savings. Thanks for sharing the post it is very useful to me.

  10. Thomas

    May 20, 2012 at 10:56 pm

    I really needed to cut down on my expenses and start saving money. But I just didn’t know how. After reading your blog I knew what I had to do. These are some nice ways to save money. I am not really good in bargaining so I asked a friend to come along and she helped me save a lot. Great advice. Please keep giving such wonderful tips.

  11. Paul

    May 21, 2012 at 10:58 pm

    We all women wanted to save money from some or the other way but the problem is the hike in prices of all commodities. I think bargaining and getting good deals on products will help in saving money. I mostly love street shopping and window shopping and I’ll enjoy both at Mexico. Thanks for the post.

  12. David

    May 28, 2012 at 10:26 pm

    It is really hard to save money these days, especially now when the cost of everything is reaching for the skies. When you are retired with no source of income then everything seems even more expensive. You feel the pinch on every dollar u spent. These techniques are sure to lessen your burden. It will help you save money and make your life a little easy.

  13. [email protected] hire

    June 25, 2012 at 5:27 am

    the methods you spoke about saving money are so helpful. But I would like to add some more to it based on my personal experience. I hopes it proves useful. Usually I plan out the amount of money I have and the places of real need where I have to spend them. maintaining a list of the expenditure helps keep a record of the cash i have and the amount i spend or need to spend. planning your money makes it easier to cut down on unnecessary expenses and so you can save the extra money.

  14. Barbie


    June 25, 2012 at 10:40 pm

    Excellent! Any way that works for you, and the more “tricks” you can have at your fingertips, the easier it is. Thanks. Barbie

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