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Top tips for saving $$  

post #1 of 36
Thread Starter 
Hello,

Would anyone care to share a couple of tips they have for saving money? For example, what are things that you do daily, weekly or monthly that you feel make the biggest difference in your ability to save? What kinds of things do you do around the house to save money? How about when you're out enjoying yourself in your free time? How about during the holidays?

Thanks for sharing!
post #2 of 36
I'll start, I guess. I save $$ by trying not to put myself in situations where I'll spend it. I stay out of the stores, malls, etc. I make lists of what we need and work off of those to avoid impulse buying. I am totally in the mindset that I would rather do without right now and have the money in the bank than spend it. I try to buy quality over quantity so I don't have to replace as often. Holidays are a topic unto themselves!
post #3 of 36
I guess the main tip, which isn't very sexy, is looking at what you're actually spending your money on and seeing if it's necessary.
When I actually look at our bank statements, I see a shocking amount of money on eating out -- not nice dinners together, which within reason are perfectly fine in my book, but workday lunches because we woke up too late to pack a lunch. So I made a ton of frezer sandwiches and we committed to bringing lunches to work.
Also, I noticed that I buy a lot of random unnecessary crap. I'm taking steps to break that habit.
Also, I think the other vitally important tip is don't amass debt you can't afford. Things like cars that are too expensive, homes that are too big, big consumer purchases on credit -- that's what really kills most Americans financially.
Some of the little tips can help and add up, for sure, especially if you have a lot of time. But me, I'm not real fussed about saving 20 cents on a gallon of milk. I'd rather avoid a $600 payment on a brand new car that's out of my budget.
It's like the saying, penny-wise and pound-foolish. I'm okay being a little penny-foolish as long as we're pound-wise.
post #4 of 36
well this is more a smaller type thing but we got rid of our tv's and cable. All we have is cheap internet, cable not dial up but its a 20$ a month deal.

The energy cost alone to have a tv plugged in all the time was amazing! Of course not wasting time watching it is nice too. I didnt do it solely to save money but our bill is down a bunch. Also we wear more clothes int he winter and just deal with the heat in the summer.

Don't spend money haha its sort of fun. We find free activities on weekends or create them.

The one thing we miss the most is eating out though We dont do that at all. Even on special occasions we BBQ some nice steaks or something instead.
post #5 of 36
We currently don't have cable because we're not big tv watchers, and it just wasn't worth the amount we'd spend on it every month.

A change jar has made such a huge difference! Anytime I see a quarter or penny lying around I throw it in the jar, and on the rare occasions I use cash I don't pay with change. Instead I put the change in the jar as soon as I get home. It's a pretty easy way to build a bit of money up.

And like a PP said, look at what you're spending money on. Is it really worth it?
post #6 of 36
don't have credit cards
post #7 of 36
Stay at home as much as possible. If I just HAVE to get out of the house, I'll take a long walk. Or, if I want to go somewhere, I go, but leave the cash, checkbook, and cards all at home. Well, I usually have the checkbook in case of an emergency, but I hate writing checks and you can't use them for my typical impulse buys (fast food, mainly) anyway.

We don't have cable, but do have our digital tv connected to a cable line, which gives us better reception and a few more channels (oddly enough, we randomly get movies from starz and such which is a nice bonus!). However, when the TV is off (majority of the time), we unplug it rather than just hitting the power button. Same with the DVD player, etc.

I make most of our food now. I never used to do that. I'd balk at the price of the individual ingredients compared to what it cost to buy the item directly. But now that I cook more at home I can use those ingredients in OTHER dishes and it really does wind up being so much cheaper than convenience foods. Healthier too. Physically and spiritually- there's something extra satisfying about eating food you made yourself.

I've also changed my entertainment perceptions. I find it ridiculous to go pay $8.75 for a movie ticket to sit in a dark theatre when if I wait just a few short months I will be able to watch the movie in the comfort and sanctity of my own home. I've also grown tired of eating out. Once in a great while I enjoy it, but for the most part, I prefer a quiet dinner eaten in peace to the overly loud crowded ambiance in most restaurants.

I think my biggest thing has been my attitude. I realize that small sacrifices now are worth it to not have to worry about money.
post #8 of 36
Turning off the cable and land lines and finding the best cell phone deal.

Riding my bike if the trip is under 2 miles.

I need to implement this; make my mayun take the Goodwill donations instead of me so I don't go inside.
post #9 of 36
Stay out of the stores.
post #10 of 36
* Shop, work, eat, and live locally
* Buy a CSA share
* Use baking soda, vinegar, tea tree oil, and Dr. Bronner's for cleaning
* No cable (Netflix is cheaper anyway)
* Walk or bike when possible, car pool, or take the bus
* CD, family & mama cloth
* We have one CC that we use for groceries and to pay our mortgage, because it earns us air miles and my family is on the opposite coast. We ALWAYS pay it off each month.
* Shop consignment
post #11 of 36
Quote:
Originally Posted by laneysprout View Post
* Shop, work, eat, and live locally
* Buy a CSA share
* Use baking soda, vinegar, tea tree oil, and Dr. Bronner's for cleaning
* No cable (Netflix is cheaper anyway)
* Walk or bike when possible, car pool, or take the bus
* CD, family & mama cloth
* We have one CC that we use for groceries and to pay our mortgage, because it earns us air miles and my family is on the opposite coast. We ALWAYS pay it off each month.
* Shop consignment

Have you found that buying a CSA share actually helps you save money? I haven't, so I'd love to hear how others incorporate this into their budgets as a money savings.
post #12 of 36
We:

1. Have no cable and rarely turn on the T.V. We do use Netflix.
2. Use the clothesline, (well worth the $$$ to install one)
3. Cook. A lot. If I stay disciplined with this, I'm less likely to cave and order take-out.
4. Work to build ourselves up to temperature tolerance. This took awhile, but we're now at a point at which an 84-degree house doesn't bother us. My tolerance to the cold is another matter, so winter's going to be interesting.
5. Buy only garage sale, thrift store, and consignment clothes.
6. Try to get as much life as possible out of the things we own.
7. Raise the baby on cloth diapers and breastfeeding.
8. Make friends with the public library for books, CDs, and activities for Dd.
9. Abandon recreational shopping.
10. Wash out, dry, and reuse Ziploc bags and tin foil.
11. Read The Tightwad Gazette for ideas and inspiration.
post #13 of 36
One of the simplest things I do to help save money. I think about how much money my dh makes an hr and compare that with the cost of the item I want to buy. (if you work then even better because you are thinking in terms of *your* time and labor) Is that $30 sweater worth 2 hrs of my husbands time. Would I really expect him to work 2 hrs so I can have a sweater that I could just as easily live without?

Believe it or not just that change in my thinking has really changed my spending habits.
post #14 of 36
Another thing thats just a mind set is.. when you make a purchase round up the amount in your checkbook. $6.97 gets rounded up to $7 and $2.03 gets rounded up to $3 and there you have a $1 saved for a cushion. This actually helped me to save up an emergency fund. I didn't miss the change and it didn't *hurt* to try and save.

Make meals from scratch

Make your own cleaning supplies

Combine all trips so you conserve gas

Bundle up and drop that thermostat down (or up as the case may be)

Unplug appliances that arent being used (save that electricity)

Wash your laundry in cold water (cheaper than hot)

Learn to sew

Open the curtains. Use natures light instead of electricity.

Coupons! You can seriously save money on groceries.

Always sleep on a purchase decision. Never buy an item the first time you see it. If after a day or so you still want it *then* go get it.

Use cash. I will pinch a dollar bill till it screams. But I'm quicker to through down my debit card. Another benefit is when it's gone it's gone.
post #15 of 36
* make a budget
* review credit card statements and bank statements to figure out where the money is disappearing to
* cook from scratch using very basic ingredients
* grow all our own fruits and veggies on 1/8 acre lot (we are almost there!)
* chickens for eggs
* thrift store for clothes
* breastfeed
* baby eats what we eat instead of bought baby food
* buy meat direct from farmer as whole animal (e.g. whole steer at once)
* plan way ahead to reduce trips to stores
* no TV
* update car insurance because we drive fewer miles now
* buy books used online instead of new
post #16 of 36
We have a higher deductible on home and auto insurance. A higher deductible means a lower rate.

I try to do "rebates" as much as possible. Walgreens does a monthly rebate catalog where you only have to mail one submission and I get lots of stuff for free - shampoo, meds, foods, body products. This doesn't work if you are product loyal to only one shampoo, etc, but it you're willing to try new brands, you get lots of stuff for free. Walgreens even gives you an additional 10% back if you accept a store gift card instead of a check.

I practically put all of my purchases on a credit card. But I only buy what I can pay off at the end of the month and never carry a balance. I use a credit card that gives me cash back. I make money each year by doing this. Last year I think I got over $150 back by doing this.

We don't have cable. If we go to a movie theater we usually go to the dollar show or a matinee (much cheaper). We usually just borrow movies from the library or from friends.

I almost always buy generic sodas and canned goods at the store (yes, I know I really don't need sodas anyway but at least I'm getting them at 1/3 - 1/2 off).

Many of my kids clothes are purchased from a consignment shop or on clearance.

We recently turned the hot water heater down a few degrees to lower operating costs.

I ask for items on Freecycle before I attempt to buy them. I've gotten some nice things that way and saved some money.

My dh is vegetarian so we usually don't have meat at dinner which saves some money.

That's all I can think of right now.
post #17 of 36
There are a surprising number of food items you can buy in bulk or make yourself. I found making things like my own diaper wipe solution, hand soap (1 part Dr. Bronner's soap to 4 parts water), yogurt and taco seasoning mix (just to name a few) saved me lots of money. Everyone has to figure out what items are worth taking time to make themselves, but it's worth it
post #18 of 36

mines going to get long....

*we don't have cable. we have internet and for all the downloading we do, the most suitable plan was $49.95 which is doable for us.
we don't watch much tv, don't go out to the cinema (now, how does one take a 4 and 2 year old and keep them sitting there anyway?) and don't hire out any movies from the video store (dh has a lot of movies downloaded onto our media player by his IT freinds at work)

*we don't go out for fancy dinners... sometimes we get take out (which is prob once a month) and if its indian or chinese food, i make my own pot of rice beforehand. much cheaper!

*no lights on in the day time - there is sunlight for gawds sake!

*i am starting to exclusively wash on 40C and line dry. i do not want to use the dryer anymore when the sun and wind are there for FREE.

*while we don't use anything anti-bacterial of the sort in this household (even vinegar).. i am all about clean hands and so we wash hands regularly. i ditched the liquid hand soap and starting using a soap bar instead. it's relatively ok ingredient wise and costs $2 for a packet of 5. 1 bar of soap lasts one week with all the handwashing after using the toilet for 4 people and me and dh using the soap in the shower. i use a totally organic gentle body wash for the kids though and buy it in the bulk pump pack as its cheaper in the long run. all in all, switching from using that same liquid soap exclusively for handwashing/shower/baths to using it just for baths saves us about $18 a month.

*i am going to start using cloth TP for me and the girls. i have several old t-shirts to cut up and use.. it's just a matter of taking the plunge. i am somewhat worried about this (the whole stink issue) and whether the washing and hanging of all these little rags will just not be worth it in the end (since we go to the bathroom sooo many times a day). i can't imagine hanging up 60 rags after only 2 days use... but i am going to try.

*we don't use paper towels at all - rags and lightly soiled clothes will do. it all gets washed in the end and the floors get mopped with hot water and a little dish soap every night. we do use tissues for blowing noses though... never for wiping spills or drying hands (my sister is the queen of tissue wastage and sometimes i want to throttle her).

*even though we are in spring, it is still quite cool around 4pm everyday. so instead of putting the heater on, we get dressed in warmer clothing. we have a few soft and very warm polar fleece blankets that are for the couch and the girls love to sit there and cuddle up with the blanket.. and the heater stays off!

*we have many home days. up until recently, they used to be filled with resentment.. i wanted to go out, i wanted to shop etc.. to top it off we have no safe parks around here.. so the kids play in the grassed courtyard and we have a mattress here in the lounge room that they jump on to thier hearts content. lots of exercise and still at home. some days i fill the kitchen sink with warm water and dish soap and they wash some small dishes and the bench tops and have a very grand time doing it. the key to staying at home is keeping it interesting for both you and the kids. then it doesn't seem like such a chore.
when we go out which is about once a week? we go to the kids favourite (nostalgic for me) chocolate store (darrel lea) and they get to pick a treat of thier choice. they almost always go for the dark chocolate bar and at $4 in total once every week, it is totally doable and makes "going out to town" for the kids an absolute treat and NOT a "right".. which i think is a dangerous mindset to have. the girls at the shop know my dd's well and always make thier trip a little special too which is even nicer.

*i don't have coffee or any hot/cold beverages outside of the home. never got used to it to begin with so i haven't really had to break the habit. i only have a coffee when i have a migraine, so it's not a daily or even weekly thing.

*i am in the process of reducing phone calls.. each local call costs us 17.5c and a few local calls here and there can add up very quickly. i am impatient by nature when it comes to info and when i am trying to do something i can make several calls in one day.. so now, i email dh instead of calling him (we are already paying $50 for the net every month, so why not!) and i will call my mum once every two days. if its possible, i will email for any info and not call, but if its unavoidable then i will call... i am aiming for a $40 a month phone bill (not $110+ like it was last month) and so far it looks attainable. i have just learnt to accept that i need to wait for an answer and not have to call every frigging time.

*washing dishes in the dishwasher turned out to be more frugal for me. i use much less soap than handwashing (yes i have issues with liquid soap usage) and it is also more frugal on time which is important when most everything you do is either from scratch or just done by yourself really.

*i go shopping for presents way ahead of time to find something suitable and get the best deal. i set a budget and work within it.

*we do things ourselves like mowing our own grass, removing weeds, removing leaves from the gutters, washing our cars by hand, doing general checks for the cars and even fixing them when problems occur (my dh is a mechanic part time so this helps).

*i buy the kids books discounted and keep the receipts. i read it to them the night of purchase and if they don't take to it then i return it for a refund on my next shopping trip. i buy books once a month or every two months. i do this often and so we end up having a good rotating selection with not much spent. i am not very good with our local library and frankly, thier selection of books absolutely sucks in every way.. so does goodwill's selection. and i think i'd accumulate more in late fees with the library than if i just purchased the book outright (almost every book we borrow ends up late - i am very bad with that sort of stuff). we have many, many books which were all purchased new but at a discounted rate (close-outs, sale time etc). speaking of which, tonight i am going to the latest close-out book sale and my gosh there are many children's books there to choose from! i've set a budget of $20-30 for tonight. i love books and it contributes to the "things to do" list at home so it's a justified expense. when we tire of the books and they are not favourites we give them away and share the love...

*i cut dh's hair... he cuts mine into a straight shoulder length cut.. i cut the kid's hair too... i am not a qualified hairdresser but we do a good enough job. once a year i'll treat myself to a professional hair cut (usually before christmas) and at $15 once a year, it's ok. $15 once a month ($180 a year) is just a big fat no though.

*i wax/pluck my own eyebrows, underarms etc.. i wash my face with ground up oats and don't wear any makeup except lipstick/lipgloss if we have a special occassion to go to (wedding/dh work function). a $20 stick of lipstick will last me 4-5 years.

*i pick and choose where i want to be frugal. some things are just not worth spending on (e.g paper towels) when i can be more environmentally friendly and frugal by using a rag. some things (like having a good selection of books) is important to me and i try to get them as cheaply as possible. yes not 100% frugal by walking to the library instead.. but i am investing in my children's reading habits and imagination, plus it keeps boredom at bay! i'd rather spend the 20-30 every several weeks than go without because the free selection of books available at my local library are only good for burning. another place where i pick to not go without is going into the city in the month of december and watching all the christmas displays and festivities (there are quite a few at different dates so it's a few trips). there is the cost of gas and the cost of parking (no food, since we bring our own ) but, there is also the making of memories for our kids and that's just something i will not miss out on to save some bucks. i'd rather hang up 60 rags every two days and use that money saved to take our little ones to all the festivities at christmastime.

sit down and think carefully about what is important to you. if it came down to it, everyone could do everything from scratch and make do without almost anything but essentials like food, clothing and water.. but we choose not to because we all have different priorities/likes/dislikes. my priorities are having healthy food, keeping family life fun *at home*, fostering a love of learning and making christmas special. so i work around everything else to ensure that these things that do matter to us as a family are received in the end.

(one of my examples of doing without: i sit here typing all of this on my laptop with the broken keyboard, malfunctioning battery, no mouse pad working and half the time i have to keep re-setting the USB cable for the portable mouse because the laptop is not recognizing it.. and i do it because while it is a pain/annoyance with all the mishaps, it STILL does the job in the end and so long as it keeps doing that then it doesn't need to be replaced).
post #19 of 36
Quote:
Originally Posted by mamamelia View Post



*i am going to start using cloth TP for me and the girls. i have several old t-shirts to cut up and use.. it's just a matter of taking the plunge. i am somewhat worried about this (the whole stink issue) and whether the washing and hanging of all these little rags will just not be worth it in the end (since we go to the bathroom sooo many times a day). i can't imagine hanging up 60 rags after only 2 days use... but i am going to try.

*we don't use paper towels at all - rags and lightly soiled clothes will do. it all gets washed in the end and the floors get mopped with hot water and a little dish soap every night. we do use tissues for blowing noses though... never for wiping spills or drying hands (my sister is the queen of tissue wastage and sometimes i want to throttle her).


Dd and I made the switch to cloth TP this week. Even though DH is still using the paper stuff (He's not ready to switch) I can tell a drastic difference in the usage. The roll has lasted all week for just him! V/s we used to go through a roll a day. So it is definately proving worth it!
post #20 of 36
I'm loving this thread! I've taken some great tips.

One thing I did really like what a pp who talked about keeping the things that are most important to you - that really does make it so much easier.

Some of my faves:

Go to the store/grocers once a week with a list. This requires meal planning, and if I realize that I did forget something I find a substitute rather than run out. A quick trip to pick up a forgotten items always turns into $20!!! I also shop the sales (no brand loyalty here) and buy in season.

Wash laundry on cold and line dry. This cuts about $25 off my monthly electric bill. I try to use my outdoor line as long as I can but when it gets too cold for my hands I hang as much as I can indoors.

I keep the house pretty cold in winter last year around 62F. I might take it down a bit this year with the rising costs of heating oil.

We walk as much as possible.

When we want to visit sights/museums we borrow the library passes for discounted admission. We have also received museum passes as gifts (love that!).

I love to thrift and repurpose items. This may not actually save money because I am not all that creative and tend to buy things that I don't really use. My ds is lucky enough to have a fantastic source of hand-me-downs.

Borrow dvds and books from the library - with out interlibrary system we can get anything. If i find there is something we are borrowing over and over then we consider buying it.

We don't have cable. Although we never have so I don't know how much that saves.

I try to warm the house in winter by opening the curtains to let in the sum, and keep the house cool in summer by drawing the shades.

I try to plan baking days so that I don't need to run the oven as often.
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