Posts Tagged with “money saving tips”
Comments Off on Top 5 Money Savings Tips for Families
With an unstable economy and the nonstop inflation of the prices of necessities, saving money is a task the entire family should do. However, money saving is no ordinary task. It is something that you must consciously do and it requires tremendous amounts of willpower.
Due to that, here are some simple tips that do not require a lot of conscious effort and willpower. And once you get the hang of doing all of these, it will come naturally. Consider these tips as to things you need to do and an investment in you and your family’s future.
1. Learn how to cook and learn how to enjoy it
This can never be emphasized enough: This simple life skill has been often ignored by people.
Cooking your own meal can help you save more than 50% of the money you spend on fast food and family restaurants. It will cost you an hour or two, but aside from money, cooking your own meals ensures that your family will be eating healthy food, which can prevent them from getting easily sick.
2. Become a smart shopper
You do not need to be a coupon hoarder or a “store discount specialist.”
All you need to do is shop in bulk and make it a one-time trip each month. It can save you time, money, and stress — not to mention that you will live comfortably until your stocks last.
You can also check out fashion outlets so you can grab your clothes there at a discount.
3. Spend your family time at home
You do not need to go out just to have fun. Save yourself from the hassle of driving, herding the kids around, and walking too much. Spending your time with your family at home is a relaxing way to lessen your expense and bond with your partner and kids.
Of course, it does not mean that you should not go out forever. Go out when it is convenient: when you have money and a lot of time (or if you are in vacation).
4. Teach your kids how to be frugal
Yes, frugality is a difficult trait to learn and adapt to when you grow up. Yet, the best time to learn that is during childhood. Teach them how to be thrifty. Teach them the life skills they need to become independent and wise when using money.
In return, aside from the long-term benefits, they will be the ones that will initiate and remind you of the things that can save you money. You earn the money; they think about how you can spend the money wisely.
5. Learn more life skills along with your kids
Seriously. It does not mean that once you get the job you want and have the family you dreamed of, you will just do your responsibilities and let yourself stagnate. Aim for self-improvement. There are things in life you must learn.
Together with your kids, learn how to cook, clean the house, fix the plumbing, and do the laundry yourself (if you rely on laundromats).
It sure sounds like a hassle, but it is an investment that you need to make. Doing everything yourself (or almost everything) will prevent you from relying on expensive workers and service people.
And if things go wrong and you do not have money, you can just use the life hacks and skills you have learned.
Comments Off on Top 5 Ways To Save At The Grocery Store
Shopping for groceries is a must for any household. When such times arise, there is also a need to review your budget and how much you’re allotting for your groceries. Buying groceries shouldn’t cut a great deal from your regular budget. There are certain ways to save when you’re shopping, and these tips could help you take home a portion of your budget.
Scan weekly advertisements in newspapers. Though they don’t have coupons for discounts, these print advertisements usually tell you which supermarkets will be holding a great sale. You can actually save up to 50 percent if you quickly head to grocery stores with such discounts. It would also help if you shop at night or nearly closing time. There are supermarkets that sell their products at great discounts during these periods. This is especially true for produce and bread, which are perishable goods.
Buy generic brands instead of name brands. Some supermarkets sell their own brands and these are cheaper than name brands. According to experts, you could save up to 25 percent just by buying store brands. You get the same product for the same size and quality, plus you keep a few pennies for yourself.
Use cash instead of your debit or credit card. You know how easy it is to spend using your card. You will also have to pay the interest in doing so. One trick is to plan ahead and determine how much you’d be paying for your groceries. Purchase them using cash so that it is easy for you to discard items which may seem unimportant and out of the budget. Paying by cash also keeps you from overspending. Stick to your list and avoid aisles that contain your “favorite items.” These favorite items may be items of luxury, and thus are not needed at the moment. If you are easily distracted by new products, avoid them, too, unless you can save more by buying them instead.
Use simple ingredients for your recipes. Unless you want each meal to be a model of the one served in a fine dining restaurant, keep your ingredients simple so you could buy them at a cheaper cost. You don’t have to buy wine for your steak if spices and other condiments would do. There is nothing wrong with buying these stuff for preparing delectable meals, but if you’re on a tight budget, you could save those meals for special occasions instead.
Take advantage of store coupons. Some stores stock up on coupons which you could use to buy your grocery items at a more budget-friendly price. Some coupons would award you with 25 to 50% off the original cost. If you have enough shopping coupons, you could save as much as half of the original budget you allotted. Another tip is to wait until an item is on sale and then buy it using the manufacturer’s coupon. However, some supermarkets may be strict about this. But if you’re lucky, you could try pairing items with a few coupons. Take note, though, that you may use only one coupon per product.
Comments Off on Top Five Extreme Couponing Tips
Stacking up on coupons is one of the ways to save when you are buying or shopping for groceries.
While coupons entail a lot of cutting (which means it’s a lot or work!), you can save a great deal if you have enough coupons to take with you as you shop.
Imagine saving up to 50 percent of your allotted budget for an item.
For newbies, here are top five extreme tips on using shopping coupons to get your started:
1. Spend your weekends cutting out coupons
This activity is not for the lazy. If you’re bent on saving a lot during your next trip to the supermarket, make time for cutting out coupons. One newspaper is not enough to search for coupons. Ask your colleagues, family, and friends for other issues of dailies and magazines and start your hunt for these coupons. You would find a lot in Sunday newspapers and you could even get unused copies. More copies would mean you could get more coupons. There are also online resources and raffle draws for promo codes.
2. Identify what kind of couponer you are: casual, skilled, or extreme.
If you’re an extreme couponer, you are ready to get hold of coupons and not just pair them with discounted items, but also to stockpile them. The extreme couponer keeps two kinds of coupons: the manufacturer’s coupons and the store coupons. If you want to save a lot on your next purchase, get as many coupons as you can and bring them with you during your next visit to the supermarket.
3. Use a spreadsheet for your coupons
This really does sound extreme, but nothing beats organizational skills in identifying the purpose of the coupon, when it’s going to be used, any terms and/or conditions, in which supermarket or product it is applicable, and other details relevant to the use of the coupon. This is a great practice for beginners, especially of you want to be careful with the spending of your coupons. It will also help you recall when the coupons would be expiring. Using a spreadsheet will help you save time.
4. Plan your purpose when shopping
To ensure that you won’t overspend your coupons on items that you don’t really need, have a clear purpose of what you want to buy. Stay away from marketing ploys and stick to your budget list. Get inside the supermarket, get the deals using your coupons, and get out of the establishment — FAST.
5. Identify your price points
These price points are the maximum price, which means it is the highest price that an item costs; the average price, which is normal price point for an item; the stock-up price, which is also known as the rock-bottom price; and the deal price, which means that the item is on sale. If you know your price points, you can easily organize your coupons and you would know which coupon to use for a certain price point. It’s called strategic shopping and being a wise consumer!
Comments Off on Top 5 Money Savings Tips for College Students
It hurts to know that, even if you graduate, you will not get employed immediately.
In addition, with student loans, you will be six feet deep in debt once college is over — not to mention that you need to keep yourself alive during the next few years or so.
It is sad that your parents (that is, if they are able) will be the ones primarily working to get you through all of that. And it is unfortunate that, despite your parents’ unwavering efforts, the money you get will never be enough to get you by.
Aside from getting a part-time job and attempting to get a scholarship, saving money is the best way to lessen your parents’ burden and for you to have a sustainable college life. Here are 5 money savings tips for college students like you.
1. Automate your expenses and financial flow
Once money comes to you, everything that you need to pay and set aside should be already managed and allotted even before the money gets to your savings account.
Do not delay paying off your bills. It will allow you to spend money that is yours alone and prevent spending money that should go to important stuff.
Also, doing so will prevent you from loaning money just to pay for the bill that you should have paid when you had the money.
2. It might suck, but the library must become your best friend
As much as possible, do not buy books that you need for class. If the library has free Internet, which most of them have, then do your online business there.
3. Abuse your body a bit by eating poor-college-kid food
You are still young and healthy. When times get tough and rough, bread and instant noodles will become your sustenance.
Of course, it does not mean that you should kill yourself just to save money.
Be creative with your food. Add some eggs and a few garnishings to keep your ramen a bit healthier and nutritious.
4. Make friends
You do not need to endure college hell alone. Make some friends and help each other out. Just like you, they need someone they can rely on to.
Take advantage of each other’s skills and abilities. Some of them might know how to cook, which can allow you guys to eat delicious food without spending too much.
Some might be good at other life skills like bargaining and coupon hoarding. “United we stand, divided we fall” — take that motto to heart.
5. Of course, be accountable to yourself and learn some life skills and hacks
Learn things that you can do yourself instead of relying on others.
Do not worry.
All those things will be not for naught. Eventually, when you get out of that hellhole, you will be in a much larger hellhole: the life of an adult.
College is not only there to teach you academic stuff for your future job, but it is also a training ground to prepare you in conquering the much harsher world out there.
Comments Off on Top 5 Easy Ways to Save Some Money Every Day
Before you begin reading, you must know this: Frugality is not the key to experiencing a better life or becoming richer. Sure, it did work for a few inspirational people, but are you sure that it will work for you? Admit that those people are special. Frugality can equate to pain. And sure, pain helps you grow. But too much of something is always bad.
Nevertheless, here are some easy ways that you can do to save some money, even if in small amounts, every day, without having to deprive yourself of ALL of life’s pleasures.
1. Get or create a savings box or a piggy bank
At the end of each day, put all the coins that you have in it. It will not be that hard. After all, who carries pennies anyway? It is up to you whether you will up your ante whenever you make a “deposit” in your piggy bank. And do not worry about suddenly using the money in it. You own that money. You saved every penny that you have. And surely, there will be a good reason you will resort to breaking your piggy bank in the future.
2. Be a smart shopper
You do not need to be picky about the brands you buy. You do not need to sacrifice the quality of products you get every day just to save a few dollars. All you need to do is buy in large quantities. Buying more is buying with less cost.
3. Make your expenses worth it
If you plan to get a cup of coffee from a shop nearby, grab a friend. You do not need to pay for him or let him pay for you. Just enjoy the time you will spend with the friend or special someone. You spent more with the coffee, but you will get more from drinking it with company.
4. Stop thinking about saving money
It will only stress you out. You might save some money today by forcing yourself to not spend. But you will go back to spending again once your mind cannot take that thought anymore. And usually, those so-called frugal people who relapse from their normal spending ways tend to splurge, and that is a bad thing. Relax and just have a proper money management mindset. Always underestimate the money that you have and will earn, and overestimate the expenses and prices of the things you buy. You will be in for a shock once you check your balance at the end of the month.
5. Just avoid debt accumulation
Avoid using your credit card. If you need money, then go to an ATM. Of course, this should not be set in stone. Credit cards are not that evil. The convenience it brings can save you time, stress, and money. For example, would you rather go to an ATM 2 miles away from you just to shop? The gas you will need to use to get there will be just wasted. Use your plastic if you really need to buy something. But for everything else, use the money you have in your pocket.
Comments Off on Products with High Markup Prices and How to Avoid Them
The market is teeming with skyrocketing prices of products. Unfortunately, these are products that you need every day, and are therefore indispensable. On the other hand, there are some tried and tested tips to save up on the expenses.
- Buy refilled ink instead of the usual cartridge printer ink. The latter is so expensive, not to mention impractical especially if you use the ink every day for document purposes. What makes it more impractical to use is that you’d have to buy cartridge after cartridge of ink once one gets used up. To save up, buy refilled cartridges instead. They are a lot cheaper though the quality is good.
- Forget your bottled water. The manufacturing adds to the cost, and you are not helping the environment if you keep buying bottles of water daily. An alternative is to keep a tumbler with you and have it refilled in the office. You save a lot of money and you make Mother Nature happy, too.
- Purchase your own coffee beans pack and brew it in the office instead of ordering a Starbucks latter, which is overpriced.
- Make your own perfume. A signature scent or perfume costs dollars and may not be practical especially if you want to wear that scent every day. However, through chemical tests and learning how to concoct perfumes from raw oils, you can learn how to create that signature scent and even create one close to those luxurious perfumes endorsed and used by celebrities.
- Get generic names for drugs and medicine instead of the branded ones that are found to be thrice the cost of their generic counterparts. A caveat, though: find or buy ones from trusted and reputable pharmacies and as much as possible, buy those that were recommended or prescribed by the doctor.
- Subscribe to an unlimited text messaging service, instead of paying for individual texts. Some network service providers have promos like this, which is really meant to take off half the burden from their loyal consumers.
- College textbooks and other instructional materials cost $1000 if they are to be bought altogether. Some students are self-supporting and may find this setup heavy on the budget, especially for those references that they would use only once. The trick is to rent books or buy marked down ones. You can purchase the latter from thrift stores. These pre-loved books are often in good condition and are sold at a much cheaper price.
- Who needs designer clothes when you can shop at thrift stores instead? You do get designer labels, but since these are hand-me-down articles, their prices have been cut off. Just be careful and check any signs of damage.
- Produce can be costly if they are bought at your regular supermarket. To save up on vegetables and fruits, you can buy cheaper ones at your local market. The difference won’t be too big, but when you add all the prices, you will be able to set aside an amount for your next shopping.
Comments Off on Top 5 Holiday Shopping Coupon Tips
The holidays are near and people are once again feeling the Thanksgiving and Christmas rush. Shoppers would again barge into stores and get hold of items they need for their Thanksgiving and Christmas dinners and holiday feasts. On the other hand, prices might shoot up because of the extreme demand. Hence, such times need smart consumers who know the value of discount coupons.
1. Shop online and maximize your coupons
What’s good about online shopping is that you get to buy your stuff without the hassle of going to jam-packed stores and squeezing your way in. Online shopping provides you all the convenience of buying anything you need and want. Moreover, you also get coupons instantly. There are a number of coupons that crop up in your screens. These coupons can be used to ask for discounts in your order.
2. Compare prices in stores and see which ones you’d buy with your coupons
It is a wise practice to check out various shops and see where you could use your coupons. You might just find items at fantastic discounts and awesome freebies. Know store policies as well. You might just come across a store that allows you to pair your coupons with discounted products. Other stores, on the other hand, would ask you to choose a product with a higher discount and match it with another item with a lower discount. If you’re online, it wouldn’t take so much of your time to check out the sites and compare the shops. Aside from Amazon, there are also other local retailers that offer special discounts
3. Use holiday shopping apps to get more updates regarding sales and discounts at your favorite stores
These apps could also be used to track your target items and see how much was taken off the price for a certain period. You can use barcode apps, too, to find the best deals in the market. Simply scan the barcode and you would see the prices and reviews. This will help you decide before you purchase anything.
4. Start early
It is always better to be prepared than to wait for the holidays to kick in. Even before November and December roll around, try to find coupons in your newspapers and online so you could stock up on them before the rush. Awesome deals are launched as early as October and you could take advantage of social media as well to get updated with the latest promos from your local stores. It wouldn’t hurt to mark your calendars and check out patterns. Discounts are usually given three times a month and it would be a good idea to get ready for any coupons that stores would be giving away.
5. Check out other sites that offer coupons
There is more to cyberspace than Google, and the latter could only offer as much. You can check DealsR.com or Coupontz.com for the best deals online. The site also tells you where else you could find coupons, some of which are unknown to those who browse only Google.