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Debbie Sharp Loeb, teacher by training but full-time mom to a disabled son, craftsperson, bead artist, great cook, creative homemaker & terrific spotter of cool new products for everything under the sun, presents Hodgepodge: recipes, household hints, stories about children, friends & relatives, cool stuff, music, & much more.

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Monday, November 09, 2009

55 Money-Saving Tips (your wallet will thank you)

by Quizzle, on Tuesday, Nov 3, 2009 from Shine on Yahoo - Go here to see the entire posting:

Have some of your own tips? Send them in and I'll add them to end of the posting.

1.Pay yourself first. Set up direct deposit into a savings account

2. Brew your coffee at home.

3. Unplug items when not in use.

4. Stay in with friends. Going out with almost always costs more.

5. Buy in bulk.

6. Brown bag it for lunch

7. Team up and involve kids in the saving for a item you all want as a family and agree to toss your spare change in a bottle in the kitchen

8. Cut the cable. Trim out what you don’t use.

9. Ditch the dry cleaner's and do your dry cleaning at home with the many available products.

10. Build a budget and look at each and every bill for opportunities to make cuts and make them.

11. Get your news online.

12. Turn off the tube, save energy, and keep yourself from ads that may tempt you to take out your wallet.

13. Quit a vice.

14. Download coupons.

15. Borrow instead of buy from your local library.

16. Create a "slush fund.

17. Opt for H2O when out at a restaurant. It's free and better for you.

18. Forget the meat and try veggies in place of a meat dish once a week.

19. Buy store brands.

20. Manage your credit. A good credit score will open up doors to the best interest rates and terms on credit cards and student, personal, auto and home loans. To manage your credit, first find out what your credit situation is with a free credit report and score. Then,improve it if it's bad and monitor it if it's good (to make sure it stays that way).

21. Check coupon codes before checking out from sites like RetailMeNot first.

22. Bike it. If your destination is nearby, jump on your bike to get there instead of wasting
expensive gas. (It's a great workout too!)

23. Auto-pay your student loans as some offer a discounted rate if you opt to have your
monthly payment automatically withdrawn from your bank account

24. Carpool.

25. Grow your own veggies. Produce is expensive! Save some green by indulging your green thumb.

26. Give your windows some TLC – Cold Edition - Winterize your windows with plastic and shrink-wrap them by using a hairdryer to heat the plastic at its edges.

27. Give your windows some TLC - Hot edition. Skip the air conditioner, open your windows and use a box fan to suck warm air out.

28. Attack your closet. Give the clothes you don't wear to charity. Make sure to document everything and claim a generous deduction on your tax return next year.

29. Get the Entertainment book.

30. Refinance your home loan.

31. Follow up on rebates.

32. Opt out of escrow. It may be a smart choice to opt out of having an escrow account on your home loan because it's non-interest-bearing. Instead, make the same payment via payroll deductions into a money market or high-yield savings account. In this market, your money may not earn much, but even 1% is better than 0%.

33. Reduce your rate. Ask credit card company for a lower interest rate on your card. If you carry balances, an interest rate reduction can save you big time.

34. Buy food for multiple meals.

35. Never grocery shop hungry.

36. Take advantage of points. Find out if you can earn points with your debit card or credit card

37. Love your leftovers.

38. Go for single ply toilet paper. We're talking cents here in terms of savings, but if you really need to tighten the budget, you need to consider everything.

39. Print online. Things like business cards are a fraction of the cost online compared to the local printer.

40. Be prepared for a rainy day by saving 4 to 6 months worth of expenses in case of emergency.

41. Make gifts with your own two hands

42. Go grocery store, not corner store.

43. Split the babysitting duties with your neighbors and close friends.

44. Split the babysitting costs by coordinate nights out with your neighbors and close friends and go halfsies on the babysitter bill.

45. Bar hop with a brain by opting for happy hour or eat before you go.

46. Nix the car lease and buy used or "new used" and drive the car as long as you can.

47. Wait for the deal on big ticket items.

48. Do your own simple home repairs.

49. Help yourself to the highest yield savings by moving your money from your checking account to a high-yield savings account.

50. Comparison shop [dot] com. with websites like Shopzilla doing the work for you.

51. Host a clothes swap.

52. Reel in a roommate and split housing costs.

53. Buy used.

54. Plan before you shop

55. Stick to the 10% rule of saving 10% of everything you make or are gifted. And start 'em young! If you have children, open up a savings account for each of them and have them follow this rule as well.

And . . .for one of my old postings to go along with this see:
Monday, January 07, 2008
Budgeting, Money Management, & Getting the Most Out of Credit Cards



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