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December 14, 2008

4 Ways The Internet Can Help You Save Money

Pinch those pennies!

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woman with laptop

Photo Credit: Justin Horrocks

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From work to play, much of our time is spent on the internet. Here are a few easy tips to use the web to save money on some of your everyday tasks.

1. Going to the Movies
Night at the movies for family of four: $60.00
Cost of 8 movies per year (national average): $480.00
Cost of 1 movie per month for a year: $720.00
SOLUTION: Utilize the high-speed Internet you already pay for to download free movies or to rent movies at a lower cost.
POTENTIAL SAVINGS: $480.00 – $720.00 per year

2. Telecommuting
Price for a gallon of gas (current average): $1.81
Average American’s commute: 16 miles
Average car mileage: 19.8 miles per gallon
Cost of driving to and from work for a year: $781.60
SOLUTION: Utilize the high-speed Internet you already pay for to work from home (telecommute) 1 to 5 days per week.
POTENTIAL SAVINGS: $152.36 – $781.60 per year

3. Pay Your Bills Online
Percent of U.S. bills still paid by check: 31%
Internet-using households – number of bills received per month: 11
Yearly cost of stamps if all 11 bills are paid by check/mail: $55.44
Average time spent writing checks in a year: 24-48 hours
SOLUTION: Utilize the high-speed Internet you already have to pay all bills online.
POTENTIAL SAVINGS: $55.44 a year in dollars, 1-2 days in free time and 6.6 lbs. of paper reducing impact on environment.

4. Bundle Phone/Internet/TV/Wireless
Average savings from bundling 3 products: $15.00 per month
Average savings from bundling 4 products: $20.00 per month
Average savings from bundling 5 products: $25.00 per month
SOLUTION: Bundle services you need like Internet, TV, home phone and wireless together to save, all from one provider.
POTENTIAL SAVINGS: $180.00 – $300.00 per year

TOTAL POTENTIAL YEARLY IMPACT: $867.80 – $1857.04; plus 1-2 days in free time and 6.6 lbs. of paper reducing impact on environment.*

*using the Internet connection you likely already have

NOTE: these are average statistics with publicly available sources and not guaranteed savings from any particular provider.

Statistics provided by Qwest Communications


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