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Thread: Budget Tips
12-11-2007, 10:24 AM #1
- Join Date
- Aug 2007
Food. Not only do you need to eat food to live, the expense of it for the
average family can eat you alive! Since food is a necessary and recurring
expense, just saving, for example, $20 a week on your purchases can convert to
over $1000 in savings over the course of a year.
Try to plan in advance. By knowing what you need, you will be able to buy in
larger quantities (almost always less expensive) and cut down on convenience
food purchases (always more expensive).
If you use national brands, spend a little time clipping and using coupons.
$1.50 invested in the Sunday newspaper could save you $20 or more at the
checkout. Organize the coupons by type, so as you develop a shopping list you
can make a notation if you have a coupon.
Consider store brands or generics. You may find the quality is equal to (and
sometimes better than) the national brands, and store brands/generics are
generally considerably less expensive.
When it is on sale, stock up. Of course this only applies to those items that
you use on a regular basis. Stocking up on an item which you use once a year
doesn't make sense (and robs you of spending money, not to mention shelf space).
Shop at the store that is the cheapest overall. Surveys have shown that there
is sometimes as much as 10-15% difference on identical grocery orders at 2
different stores in the same area. If you spend $500 a month on groceries, that
can equate to $600 to $900 a year in savings. Don't throw away your money just
because it is your habit to shop at a certain store.
Clothing. Although many consumer items have actually reduced in price over the
last few years (most notably, computer and electronic items) the cost of
clothing has seen a continuing upward spiral. In addition, a purchase price that
not too long ago bought a good quality garment now seems to buy virtually "throw
away" clothing. With some planning, though, it is possible to maintain clothing
purchases that are in line with your family budget.
Buy separates that coordinate. You can make numerous combinations with a few
well matched items. For women, jackets, slacks, skirts and blouses can be mixed
and matched to create many different outfits. Plus you can change the look of
these outfits with accessories such as jewelry or scarves. Men's clothing offers
a wide variety of separates that can be coordinated: blazers, slacks, shirts and
ties can all be interchanged to create a versatile wardrobe with a minimum of
Buy a season ahead. Buy next year's winter clothes at the end of this season
and save. The styles won't change that much (if at all) and you will pocket a
big difference in the price.
If you are "hard" on clothes, buy quality. Buying an $80 pair of shoes that
will last saves money in the long run instead of having to buy 3 pairs of
shoes that don't hold up.
Stay away from trendy fashions. Stick with the basics. You can always be sure
you clothing styles will last from year to year when you buy perennial stand-bys
such as medium length A-line skirts and solid tailored blazers for women or
neutral color shirts and tailored to semi-tailored sports coats for men.
FOR SOME places:
Comparisons. It used to be that comparison shopping was a long and drawn out
process. Driving from one store to another or making numerous phone calls could
be a real time waster. Even if you were able to make an adequate comparison,
sometimes it wasn't worth the hours you needed to invest to get the comparison.
The Internet has changed much of that. Now you can make quick comparisons on
most items, usually within a matter of minutes. What would once have taken hours
to accomplish now happens at the click of a mouse: a real time and money saver.~ They Call it DODGE for a Reason! ~
01-17-2009, 02:08 PM #2
- Join Date
- Sep 2008
- Blog Entries
Re: Budget Tips
more great savings tipsMdowdy
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