Book Category: Money Management, Motivational,

How To Save Money: A 21-Day Challenge To Save $500/Month (book summary)

Author: Bob Lotich
Life Changing Principles
8.5
Quality of Writing
7.8
Overall Value
8.0
pros: Unique challenge, great resources, helpful
cons: Too short
81.0%
overall rating
8.1

Quick Summary
Lotich’s How to Save Money is light but also contains some helpful takeaways.

Key Insights

  • Don’t buy an item of clothing just because you like it; opt for colors that provide opportunity for multiple use
  • Buy used
  • Every degree you lower your home’s temperature saves about 5% on your bill
  • Drive slower and you will save about 31% on gas
  • Rent equipment

Practical Application

  • Check out YourBillCutter.com
  • Check out Ebates.com
  • Check out Habitat for Humanity ReStores
  • Check out Restaurant.com
  • Check out Amazon’s Subscribe and Save program
  • Check out Zilok.com and Rentything.com
  • Refinance your home

Meaningful Quotes 

“A real decision is measured by the fact that you’ve taken a new action. If there’s no action, you haven’t truly decided.” – Tony Robbins

“Wealth can only be accumulated by the earnings of industry and the savings of frugality.” – John Tyler

Interested? Buy the book here!