If you want to be a smart consumer, then you need to learn how to save money as much as possible and enjoy great savings and less expenditure. Saving during economic crisis is very important as it helps you cope with your daily costs. Here is a list of ways you can avoid financial difficulty and save more money:
1. Spend a day window shopping. Yes, just spend a day browsing around different stores and comparing prices of the items you purchase the most. Once you figure out which offers the lowest value then you would know the right place to buy those items.
2. Try store brands. There are low-priced products available in stores which they call store brands. Try out some of these product lines and see if the quality is good. If you are satisfied with its worth then switch from private label brands and other more expensive brands to these store brands.
3. Never go grocery shopping on an empty stomach. Trust me, you’ll just ruin your budget just imagining gobbling down everything that you see! Eat a hearty meal before you go and your tummy will no longer put a trance over your mind. Plus you’ll have a slimmer waistline!
4. Avoid impulse shopping. There are times that you couldn’t resist buying things that are not your priority, avoid impulse buying by always making a list of the things you need to buy before you go shopping.
5. Buy the family sized cuts. When you buy meat or packages of poultry buy the family sized cuts. You can repackage them to the size your family needs on your meals before putting them in the fridge.
6. Know your seasons. Not the kind you sprinkle on your food. That’s good to know too, but what I’m talking about here is being aware of the seasons where different cooking ingredients as well as fruits have the best value and take advantage of it!
7. Never skip on your car maintenance. Getting your car fixed once it breaks down will cost you more than caring for it with regular routine maintenance. Also, regularly caring for your car will make it run longer.
8. Get regular gas. Just stick with a regular gasoline for your vehicle. It works just fine for most vehicles. High octane fuel is a good product but if it means spending more money then that means burning deeper holes into your pocket.
9. Consider buying a used car. Consider getting a used “pre-owned” vehicle over a new vehicle. Even if you can afford a new one, a used car will cost you far less. Also, keep in mind that unless it’s some super luxury or exotic vehicle, most new automobiles depreciate 30% time you drive it off the lot! So it’s really not worth it to spend your hard-earned money into buying something that will go down so quick in value. And besides, you don’t need more debts added to your burden.
10. Use cash more. Credit and debit cards are fine, but just don’t use them all the time. They can definitely give you a false sense of financial security being that you can rack up on spending because you don’t have to pay your bill right then & there. So this can make you prone to do lots of impulse shopping. If you lack self control, you might even want to consider leaving your cards at home when you go out to shop. Find a secure place to hide it to avoid impulse buying. You can just withdraw some amount to suffice for the whole week and don’t go beyond your budget.
11. Ditch print publications. If you really don’t read newspapers and magazines enough to to justify the cost, then why subscribe to them? Don’t waste your money, it’s best to just go ahead and cancel your subscription in that case. Also, instead of subscribing for print publications, you can find free versions of many newspapers and magazines online (as well as other useful information on virtually any topic). And if you just crave that print version, then you can likely find a free copy at your at your local library.
12. Be resourceful. Recycle, repurpose or donate your old clothes. You can also rip them apart and make sponges or rags. And as far as all that detergent you used to clean those clothes, you can purchase an all purpose cleaner rather than buying fancy individual cleaning supplies. Plus an all purpose clean can be used for more than just cleaning clothes! So WHAM double usage!
13. Purchase clothes off season or if its on sale – and choose classic styles which you can use more than once and can wear for years.
14. Grow your own garden. If you have a backyard, utilize it by planting vegetables or fruits. You no longer have to buy those items at the market when you can grow your own. It will likely be healthier for you too!
15. Buy in Bulk. Buying items in bulk costs less than purchasing individual wraps. Joining shopping clubs like Sam’s Club and Costco’s can enable you to get some mighty bulk deals.
16. If you have a baby, breastfeed. It is advisable to do it this way since studies have shown that babies who are breastfed are more healthy than those who are fed with formula in bottles. Why go for expensive formula when you can feed your baby for free and naturally? Processed baby foods are expensive as well. Cook nutritious food instead and feed your child in a more affordable and healthier way.
17. Save on babysitting services. Speaking of babies, there may be times where you need a babysitter. One thing you may be able to do is find a couple in your neighborhood whom you can barter babysitting services with – or perhaps ask a close friend or family member.
18. Give homemade gifts. You don’t always have to spend a ton of money on gifts. Sometimes you don’t really even have to spend any money at all. It is true that some of the best things in life are free. Creative hand-made gifts and homemade goodies such as pastries and cookies can turn out to be some of the best most heartwarming gifts that you could ever give a person. It’s like giving a part of yourself rather than something off a shelf.
19. Avoid too much dining out. You can save a lot of money and probably eat a lot healthier with home-cooked meals. But if you really want to go out and hang out with friends or family sometimes over a nice mean, then consider a picnic or potluck where everybody can bring something. This will be fun and cut down on your personal expenses.
20. Groom/Pamper yourself at home rather than doing it in barber shops or beauty parlors. Facials, manicures and pedicures are not so hard to do after all. You just need practice to be good at those. And as far as getting your hair cut or styled, you may find that you can save money and do a good job yourself, some with a bit practice:)
21. Usher your way into concerts. Like going to concerts? If you want to see concerts or plays there’s a way to be there for free. Volunteer to be an usher! And if really don’t have to be there, then sometimes you can see a free or lower cost pay-per-view version on cable or other digital TV.
22. Shop Online. Oftentimes, a better way to shop is to do it online. You’ll have a lesser chance of making impulse purchases and can actually shop smarter by reading different reviews and comparing different items in multiple online stores – all while sitting on your couch!
Now that you know more creative ways on how to save money, it’s time to put it into action. If you want to save more bucks, then there’s no better time to start than now!