How to Save a Million
in 25 Years

by Stephanie Nelson - "The Coupon Mom"

(NAPSI)-Although recent government statistics say that 40 percent of America's families spend more than they earn, living within a budget and even saving money may be easier than you think. Making it your goal to save $1 million might not have to require any serious sacrifices. In fact, it is very possible to save $1 million in the next 25 years by following a few simple tips:

• Focus on fixed expenses. Check household expenses to make sure you're getting the most competitive rates. For example, you can bag a bargain with a value ISP an Internet provider, such as PeoplePC Online (www. peoplepc.com), which offers service for as little as $10.95 per month with security features such as virus and spam protection. Savings: $11,467.

• Flee the fees. To avoid un-necessary bank fees, visit your bank's Web site to stay on top of bill payment deadlines and balances. The amount saved in fees can actually earn you interest. Savings potential: $19,503.

• Eat smart. Spend less. Plan a week's meals around your grocer's weekly sales and coupons. Cutting your food bill by a third could help you save an average of $97,660.

• Pack some fruit to save some loot. Having your morning coffee at work and bringing your lunch to work can save you $5 to $10 a day or $95,110.

• Penny-wise exercise. Before you pay costly gym membership dues, see if your employer is affiliated with a fitness club. Alternatively, you can take advantage of free health and fitness classes. Savings potential: $38,048.

• Wash and go. The majority of your wardrobe should be washable. When you have to use the dry cleaner, search for coupons on the Web. Saving $10 a week can add up to $9,518.

Say no to refunds. While it feels like a bonus to receive a refund from the IRS, you are actually lending your money to the government. Make sure you take the proper amount of withholdings, and aim to balance out your tax return instead of planning for a refund. Savings potential: $3,146.

For more information and to submit questions or your own money-saving tips, visit www.saveamillion.net.

Ms. Nelson is a mother-of-two and a regular contributor to ABC News' "Good Morning America." She is also the founder of CutOutHunger.com, a program that directs unused food coupons to food banks.

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