Top 7 money saving tips
Why 7? because these are things that you can do 7 days a week to save money and live and incredible life.
Why 7? because these are things that you can do 7 days a week to save money and live and incredible life.
7.) Never accept that there is only one place to purchase an item!
Use a search tool to look up competitive prices not just in your area, but online as well.
6.) There is ALWAYS a coupon!
Anytime I shop online I will do a search for the website I am purchasing from and see what specials they are running. Remember just because you are not on that stores email or mailing list doesn't mean someone else isn't. Often times stores and companies will send out mail blasts offering huge discounts on products if you register with them. If you are not interested or comfortable with signing up on your own- find someone who already has and is actively receiving special discounts.
5.) They have an app for that!
Think you can't take your family out for an evening of fun because it will cost too much to do so? Think again. There are many sites that offer a variety of discounts to places in your local area. These are not just great benefits to you as a consumer, they also help your community as these places are often locally owned and operated and can offer discounts that larger corporations are unable to provide.
4.) Use your resources!
When you are in need of a product ask your friends and/or family members if they have something you need. Never take no for an answer. How often have you needed a pencil and someone will just hand it to you? It's simple, people offer these types of courtesies all the time to one another. Pay it forward and you will always have what you need.
3.) Buy things out of season!
Buying items a few seasons behind allows for you to have nice things and not spend full price. I went to a major department store in July and took advantage of their sale on winter clothes that were marked down to 80%. I not only received this discount on my winter jacket I purchased I also found a store coupon for $5off a $30 purchase of anything in the store and went during an early bird special further offering 15% off an item. The jacket retailed as a $180 jacket I bought it for $25.60 after all the discounts were taken. That is a savings of $154.40!!!
2.) If your company has a 401K do it!
Its free money plain and simple. Most 401k's are company matched to some degree, so not only are you putting money away your company is giving you more of a payout in the long run.
You will not only be saving money towards your retirement, you will also receive tax breaks at the end of the year. This is future money and current money, this only means good things to your piggy bank.
1.) Pay yourself as if you were a bill!
I know it's difficult to think about giving yourself money, but how else are you going to save up to buy what you want? Think of yourself as a bill. I personally have a savings account with my bank that locks my money up for 6 months at a time ( I can take money from the account by paying a $5/fee should I need to). The account is open without a penalty to remove money from it, every April and November for a month.This, as they call it "Holiday and Tax" fund allows me to put in a set amount each month as if it's a regular bill. Putting away $20 each paycheck saves money and gives me the opportunity have resources for holidays as well as any unexpected expenses. It's basic math; $20/bi-weekly for 24 weeks, you had saved up $480/yr. Anything more you can save, even just $5/bi-weekly on top of that would save you $600/yr.
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