Sunday, November 16, 2008

I will teach you to be rich

Tip #6-Use Gas prices to become your own hedge fund

The idea behind this one is to save the money that you were spending on gas. So let's see how this breaks down. I buy gas approximately every 10 days. When gas prices were at their highest, I was spending $65 per tank. Now that gas prices have gone back down, I'm looking at less than $35 per tank with prices still dropping. That's a savings of $30 per tank or about $90 per month.

Total savings: $90