By Timothy Gamble
Looking to save money to pay off debt, build savings, or buy prepper supplies? Here are 18 easy tips to save money:
2- See something you want that isn't on your list? Don't buy it. Write it down and add it to your list for next time. Chances are good that after you have had a day or two to think about it, the impulse to buy it will go away.
3- Avoid impulse purchases by paying with cash, not credit or debit cards. This way you will immediately see & feel the pain of the purchase.
I'm harping on impulse purchases because I'm convinced most people greatly underestimate how much they really spend on these typically small purchases. This is an easy category to save money on IF you are willing to take an honest look at your spending habits.
4- Avoid shopping for fun or entertainment. Don't go to the mall or shopping center just to have something to do.
5- Avoid social shopping with friends. People tend to talk each other into things, not out of them.
6- Do not watch infomercials or home shopping channels.
7- Do not catalog shop unless you are looking for something specific.
8- Shop for quality not quantity. Something that costs more because it is of better quality, and therefore will last longer, will be cheaper in the long run than something that initially costs less, but will wear out or break much quicker.
I've bought cheap clothes at Walmart that literally started to unravel and even get holes in them after the very first washing. They may cheaper than better clothes, but that are NOT less expensive in the long run because you have to replace them so often.
9- Stick with classic styles and colors, rather than styles that are "in" at the moment. Avoid fads.
10- Consider renting something instead of buying it if you will only use it once or very occasionally. Examples may include things like carpet cleaners and pressure washers.
11- Cancel newspapers and magazines that you don't read thoroughly or truly need professionally. Most will even refund the unused portion of your subscription.
12- Make use of your local library for newspapers, magazines, books, DVDs and CDs. Only buy those that you cannot get for free at the library or that you will use repeatedly.
13- Use coupons whenever possible, but only for items you would buy anyway.
Caution: I've found that generic and store brands are often cheaper than the name brand even when using a coupon. Example: on a recent trip to Walmart, I had a coupon for 50¢ off two cans of Barbasol Saving cream. I did not use that coupon because the regular price of the Equate brand of shaving cream was still cheaper even if I had used the coupon.
14- Use sales fliers and the Internet to comparison shop. Prices can vary widely from store to store on the same item.
15- Warehouse stores (Sam's Club, Costco, etc.) are good ways to save money, but don't assume they are always the cheapest option. Often times a generic or store brand elsewhere will be just as good and less expensive than a name brand at the warehouse store.
16- Avoid the use of credit cards, charge accounts, rent-to-own, and other forms of debt. You will not only save on interest and other fees, you will most likely buy less in the first place.
17- If you have credit card debt, be extra diligent to make payments on time. The late fees and higher interest rates due to missed or late payments really add up fast.
18- Hang out your clothes to dry. Dryers are among the most expensive appliances to run in terms of energy cost.
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