Going without a telephone is just out of the question today. Most households have land lines and cell phones. Even kids have cell phone lines to talk to their friends. But when everyone’s using a cell phone, the land line isn’t needed as much, and more households are making the switch to just cell phone usage.

There are a number of ways you can cut your cell phone bill, or your telephone bill costs generally. These cell phone bills can get out of control fast.

Many people just buy the unlimited plan, because it’s easier that opening a severl-thousand-dollar bill when you’re not paying attention. Here are a couple ways to cut your cell phone bill costs.

1. Look for real cell phone deals before you buy and get locked into a two year plan. Most carriers have similar plans, although some like Sprint have unlimited plans for a low flat rate. Be sure to explore all the cell phone deals out there before signing on the dotted line. You can find some good deals also with prepaid cell phones, because you aren’t locked in, and you pay only for what you need for calls and text. Pay as you go can be really good cell phone deals for younger kids especially, who don’t make as many calls.

2. At least save on the phones with free cell phone family plan choices. Many carriers offer the free cell phone family plan because they know you’re going to make thousands of dollars of calls with that free cell phone! so, if you have to stick with your current plan, at least get a free cell phone out of it.

3. Don’t upgrade your phone until the free options are available. It might take a few months, but your carrier will likely offer you a free cell phone after a while, when you commit to an additional two year cell phone plan. Again, you’re still stuck with the plan, but you can at least get a free cell phone out of it.

4. Get rid of features you don’t need. Every cell phone service comes with options, you ca pick and choose from. Use only the cell phone service you need. For example, try to avoid using the web on your phone, the data plans are truly expensive, and you don’t need it to text or make calls.

5. Take another look at prepaid cell phone deals. These cell phone services are now offering top of the line phones, as well as unlimited text and calls. You can cancel at any time, your cell phone number is portable, and you aren’t locked into all the minimum monthly fees either. Prepaid cell phone plans also vary widely like regular cell phones.

That should get you started toward getting some good cell phone deals to cut your phone bill starting this month!

Did you know that the formal definition for a depression is that GDP drops 10% or more?  Think we’re getting close?  (The Gov’t can also change what is included in GDP…) Well our guess is we’re getting near to one. Along with that, nearly 75% of Americans are also worried that they or someone in their household could lose their job within the next year. The best defense against losing your job and even surviving a depression is to save money, spend less, cut costs, bank the difference, and invest it in safe investments or investments that will make you money in a down economy.

First, cut costs. That includes not just using coupons, but buying less of expensive items, and cutting out unnecessary items. For example, you might be using coupons but using them to buy things you don’t really need in the first place. So, start with what you need, and buy generic if it’s cheaper.

Next, manage your discretionary spending better. Try using the 30 day rule: wait 30 days before making a big purchase, and see if you still want or need the item after that time.

Third, try banking your savings. Saving 20% for example is not worth much if you spend it somewhere else. Whenever you save money, put the difference into a savings or investment account. This way you’ll see the direct impact – wealth – from your efforts.

Finally, put your money to work. While you might be gun shy of stock mutual funds, remember that there are many other options for investing – bond funds, Exchange Traded Funds (ETFs), government backed inflation indexed bonds, and other options. You need to spend some time to learn more about investing types beyond the basic “growth stock mutual fund” since those funds have not only taken a nose dive, but will probably be poor performers in the short run in a depression.

Spend the time to save money and put it in a savings or investment account can not only be safe but help you to build wealth in the event of job loss or other emergency.

If you think you already know where your money goes, and you don’t need a written budget to keep track of it all, my question for you is, How much cash are you saving every month? Usually people spend every last dime, leaving nothing for future wealth building.

To get a handle on your money, and build wealth, you do need some kind of budget. You don’t have to keep track of every single penny – that’s the kind of behavior that leads you to abandon a budget like the latest diet fad.

But by keeping track, you can see exactly where much of your money goes, and how much is wasted on everyday expenditures that aren’t necessary at all. You might find yourself shocked to learn how much the little things add up to. For example, if you spend $4 a day on coffee, stopping on your way to work, that adds up to $1,000 in a year! Seriously, there is no reason not to take a hard look at where your money is going, especially if you want to have wealth for you and your family.

With a budget, you can take control of those little expenses. They are the little ways your money drains away and leaves you broke, or living paycheck to paycheck.

The easiest way to make a budget work, even for people who don’t like budgets, is to set up an envelope system. For all your monthly cash needs, write up envelopes for each one, like groceries, gas, entertainment, medical expenses. Then, each paycheck, put the amount you are budgeting into the envelope. Now, you can’t spend more than what’s in the envelope on each of those items.

For items like rent and car payments, take those off the top first, and send off your check. The cash you have left over is what gets split into the different envelopes.

At the end of the month, if you run short, you just have to wait – or take from another envelope. You can’t use a credit card to make up the difference.

If you have money left over in the envelopes, then put that into a savings account. Use that to start your emergency fund for times when you might have income loss or emergency expenses like auto repair.

The idea is to live within your means. One envelope, or “cost” you might want to add to your budget, is an automatic amount right into savings or an investment account. If you put just $10 or $50 or $100 into your savings each paycheck, that can really add up, and it prevents you from spending that money on wasteful little items. Make sure that’s part of your budget as well.

To keep you focused, try setting specific long and short term goals. for example, a short term goal might be a weekend vacation. A long term goal might be a new car or purchasing a home.

Once you get started with a budget, you’ll find that it really an work, without too much effort, you just have to decide that it’s something good you’ll do for yourself and your future.

Think you can’t do a budget? Think again. In a recession or depression, having a budget is your best tool to manage money, stay financially safe, and still build wealth.

You’d never see a carpenter who didn’t use house plans to build a house. Without plans, the second bathroom might be completely forgotten when building.

There’s no way an engineer would begin construction on a new technological development without a thoroughly detailed set of design specifications. but for us, when it comes to money, so many of us run our daily lives without any idea about how to manage finances and use a financial plan.

How smart is that, especially when the economy is in bad shape?

The “blueprints” for your money plan is the budget. Using one is critical to reach your financial goals, but also for day to day improvement of your money situation. Without a budget, your financial life will continue to drift all over the map, without reaching goals, without making your and your family more wealthy.

Start your budget by figuring out what your financial goals are. If you’re married, do this with your partner. Look at the long term financial goals as well as short term.

Your budget is then a plan to achieve those goals. Start with a single step, by making a realistic budget that you can live with and stick to, to start building wealth.

It isn’t hard to do a budget – it’s not like a diet. You have to allocate your money each money, to the expenses you have as well as some for savings. Start by listing your income for each month, then underneath list of all of your monthly expenses. Be sure to leave some room for fun items, otherwise you’ll never stick to it. But remember that discretionary spending – items other than necessities – are the reason many people do not reach their wealth goals.

If you are unable to cover all of your expenses each month, start deciding where to cut to fit your expenses into your paycheck. The idea is to live within your means.

and don’t use credit to make up the difference. right now, we’re all seeing the results of that! You want to pay off credit cards, not keep growing the balances. We’ll talk about how to pay off your debt in a future post.

With a basic budget, you can get started putting money aside. Just put some money into a savings account, where you can keep it safe, and set it aside for emergency funds in case you lose your job or have another financial emergency like car trouble or illness. This is the fund that will keep you afloat in really bad times, and help you avoid losing everything.

Living within your means is hard – we’ve been taught the opposite in America – to spend above your means. But we now see the bad outcomes of that – bankruptcy, losing homes, losing jobs. So to make sure you survive a depression or recession economy, start today to spend less than you make, and create a budgets.

Food prices have jumped in the past year – as much as 10%+. This is killing many of us, I know my budget is strained by food prices! You can save on groceries and not just by using coupons either – coupons can sometimes cost you more whenyou buy things you don’t really need, or opt for premium brands over generic just because of a coupon.

These tips can help cut yoru food costs.

1. Compare prices. Find the lowest prices stores – it can be an ongoing battle though. Many stores are reducing the number and quality of sales. I usually don’t go to a store just for a sale unless it’s a big one on expnsive items like meats, then I stock up. I also don’t pay an annual fee to shop at warehouses, there is a local warehouse store with no fee needed. Bottom line, look for the best overall price.

2. Don’t use coupons for items you would not normally buy. Coupons can lead us to buy things we normally wouldn’t – like buying two items to get the discount, when it takes forever to use up one! That’s cash out of your pocket today. Instead stick to coupons for items you need and use regularly. And of course always get double coupons! Find out more about using coupons here.

3. Buy less prepared and packaged food. The more cooking, plastic, cardboard and wrapping that goes into a product, the higher the price and the less nutrtition for the buck. Buy bulk meats, veggies and fruits, make your own and freeze the leftovers or package into bags. Just start to compare the price per pound or ounce for packaged foods with non-packaged, and you’ll get it fast enough.

4. Phase out using some things. Instead of paper towels, napkins, plastic ware, paper plates, replace with cloth. Instead of junk food with poor nutritional qualties and ever rising prices ($5.50 for a bag of tortiall chips???) start making your own or buying more healthy treats like baby carrots, basic crackers, and so on. Try cutting 2or replacing -3 items each shopping trip, it will add up!

5. Eat less meat. Make a few vegetarian meals. You can make a tofu lasagna that includes the protein of tofu and tastes no different. Or just a quick stir fry of veggies and tofu. You can also get compelte proteins from beans. Learn how to prepare lentil stews, black beans and rice, and other bean and grain dishes to save big.

Try these tips for saving on groceries, and cutting your food costs, and don’t forget to bank the savings each month !