Edward C. Goldstein, CFP, President
One Greentree Centre, Suite 201
10,000 Lincoln Drive East
Marlton, NJ 08053
Phone: 856-988-5480

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Retirement Planning

Saving Strategies: 10 Easy Ways to Spend Less

If you'd like to invest more but are having trouble finding the money, take a look at these simple tips for better money management.

  1. Cut back on nickel-and-dime items. You might be surprised at how much you can save by reducing out-of-pocket expenses. Instead of indulging on a "designer" cup of coffee, purchase a regular coffee. The amount saved adds up fast.
  2. Save on reading and listening materials. Visit your neighborhood library to check out books and music instead of purchasing your own.
  3. Brown bag meals. Work days can be hectic, but instead of buying breakfast or lunch out, carry it in. If you spend $5 per day on lunch, you could free up $100 per month for your long-term financial goals.
  4. Reduce fitness spending. Forego the gym membership and purchase used equipment for your home. Another alternative: Take brisk walks, which also are a great stress reducer.
  5. Seek travel values. By traveling off-season or during the shoulder season -- the time just before or after the peak tourist season -- you can receive discounted rates on lodging and reduced airfares, which can cut your vacation expenses substantially.
  6. Resist buying retail. If you must shop till you drop, do so during after-holiday and clearance sales. The key is to plan ahead for your needs and buy accordingly.
  7. Practice energy efficiency. By turning the thermostat back 10 to 15 degrees for eight hours a day (say, while you're at work or at night when you're sleeping), you can save up to 10% a year on your heating bill.
  8. Maintain your car. You can save about 15% on gas by keeping your engine tuned and your tires properly inflated. Check your tires on a monthly basis for optimal effect.
  9. Raise your insurance deductible. The deductible on many homeowner's insurance policies is automatically set at $250. By raising your deductible to $500, you could save up 10% or more depending on your insurance company.
  10. Be creative. Can't imagine skipping your daily trip to the vending machine? Don't fret. The main point is to look for effective ways to cut back -- and then do it. Over time, you might find that a little savings can make a big difference when it comes to funding your retirement.


  • Recognized 9x as a Top Philadelphia Area "Five Star Wealth Manager" in Philadelphia Magazine 2008-2012, 2014-2018
  • Recognized as a 7x "Select Wealth Manager" in New Jersey Monthly 2013-2019


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