Here is an easy way to tell if someone is rich. And it has nothing to do with the clothes they wear!
Top 10 best ways to save money now and the percentage of people who are actually doing this:
1. Purchase more generic brands: 64 percent
2. Brown bag lunch instead of buying it: 47 percent
3. Go to the hairdresser or barber less often: 43 percent
4. Switch to tap water and refillable bottles instead of bottled water: 36 percent
5. Cancel one or more magazine subscriptions: 34 percent
6. Cut back on dry cleaning: 22 percent
7. Cancel or cut back on cable TV service: 21 percent
8. Stop buying coffee in the morning: 20 percent
9. Change or cancel cell phone service: 15 percent
10. Carpool or use mass transit instead of driving to work: 14 percent
The survey also found that there are large differences by age. Analysis by age reveals some substantial differences between generations on some of these cost-saving measures.
--Echo boomers, aged 18 to 32, are more likely than Matures, aged 64 +, to brown bag, cancel or cut back their cable TV services, cancel their landlines and to carpool or use mass transit.
--Echo boomers are much less likely than Matures to cancel magazine subscriptions.
--Baby boomers are more likely than the older and younger generations to buy more generic products, brown-bag their lunch and cut back on their visits to hairdressers and barbers.
What do you think? Take the What's New poll to the right!
