Save Hundreds Of Dollars With These Simple Fixes
There are a number of good methods available for saving money, but sometimes the most obvious methods of saving are overlooked. There are many areas in your everyday life where spending can be trimmed simply by modifying your routine. Here are some simple tips for everyday saving that anyone can follow.
Buy Generics And Store Brands
Purchasing generics and store brands instead of name brand items can save you money in every category, from food to prescriptions to clothing. In many cases, the generic or store brand item is of comparable quality to the name brand item and is made of the same ingredients if not the same formula. Most people cannot tell the difference between brand name and store brand items if the labels are removed and making this change can save you as much as 33% off of your grocery bill.
Reduce Gas Consumption
Although the price of gasoline has retreated from its recent highs, money spent on gas is still a large part of many families’ budgets. There are many ways to reduce the amount of gas you use each week. Walking or riding a bicycle to go short distances will not only improve your health, it will keep more of your money in your pocket. Arranging your errands so that you can do them on the way home from work instead of making an additional trip will also save money.
Spend Sparingly On Entertainment
One of the biggest money wasters for many people’s budgets is entertainment purchases. Saving money on entertainment purchases does not mean cutting down on your entertainment, it means be smarter with your entertainment dollars. For example, instead of spending $100 on a ticket to see a nationally known comedian perform for two hours, spend $20 at the local comedy club to see up and coming comedians perform for two hours. You’ll get the same amount of laughs for one-fifth of the price.
Reduce Spending For Convenience
Our culture has made spending money for convenience a national pastime and many people are unaware of the large amount of money they could save by taking the time to do things themselves. Purchasing a cup of coffee at a coffee shop can cost $2 per cup or more while making coffee purchased from the grocery store at home would cost the person about $0.20 per cup. For the average coffee drinker, making coffee at home could save them $500 or more each year.
- Black Friday: Why Does It Exist? Has everyone gotten back from the Black Friday sales? I got back from my Black Friday foray a little earlier today. I would have written before now, but I had a little left-over chicken (we opted for chicken rather turkey this year - it's just a better size for two)......
- Money Saving Tips For College Students With summer winding to a close many families are beginning the annual back-to-school trek with cars loaded down with dorm room goodies and eager college-bound students. College is one of the more exciting phases of young adulthood, but unfortunately it has also become one of the most expensive. Opportunities abound......
- Keeping my change with Bank of America First off, a disclaimer...I dont work for Bank of America. That being said, I think their "Keep the Change" program is an incredible way for the "troubled saver" to actually save some money. I think it was back in November of 2005 when I first heard of this program, and......
- The True Cost of Coffee Every morning, from as far back as I can remember until I left for college, my parents would have a cup of coffee in the morning. Occasionally they would have a cup in the evening as well, and I can only imagine how many cups they drank at work (My......
- Saving Money in Five Minutes Flat Are you saving your money for a rainy day, but feeling as if you are always struggling to get ahead of the financial storm? You are certainly not alone. Prepare your financial umbrella with this quick, no nonsense guide to saving money in five minutes. - * First and foremost,......
Leave a Reply