Some of the Best Ways You Told Us You Save Money
No matter how much money you make, you’re likely still looking for ways to save money. In fact, without budgeting and proper saving, you could end up in financial trouble, regardless of your salary. That’s why, recently, we held a contest on our Facebook page where we asked you for your best money saving tips. The response was great and we heard a lot of excellent money saving strategies.
Here are some of the most common suggestions that people gave us, as well as some of the most innovative ideas that were submitted!
Use Coupons and Apps to Save
This was one of the most common suggestions, and it certainly makes sense. With a little bit of effort, you can find great coupons in newspapers or flyers that will allow to save quite a bit of money. If you’re going to buy a product anyway, why not shop with a coupon and save some cash?
These days, you don’t even need to physically clip coupons. There are many, many websites and smartphone apps that that let you download and print coupons and some stores even let you use coupons saved on your phone. This is often the case with grocery stores and other stores that have loyalty programs and apps.
Cook at Home
Eating out, whether you’re going to a restaurant or a fast food establishment, almost always costs more than buying food at the grocery store and cooking at home. Many of you said that you save money by taking lunch to work with you and by cooking dinners at home rather than eating out or ordering delivery.
This works for coffee too. While grabbing a coffee on the run is certainly more convenient, this convenience comes with a cost. It’s much cheaper to make coffee at home and take it with you in a reusable cup or mug.
Gas is expensive, car repairs are expensive, and parking is expensive. A lot of you try to avoid these expenses by walking or biking whenever possible. Not only is this good for your wallet, but the physical activity is also good for your health.
One common way to save money is to buy products only when they go on sale. This works especially well for products that don’t expire. You can wait for a sale and then stock up.
There are several different websites and apps out there that let you view and search flyers for nearby businesses, so you don’t even have to wait for the flyer to come in the mail. Then, when you see something you need at a discounted price, you can take advantage.
A lot of stores let you price match. This means that, if Store A is selling a product for $10 and Store B is having a sale and selling it for $7, you might be able to bring Store B’s flyer into Store A and have them discount the price to match their competitor. Look around for stores that offer this service.
Shop with a List & Avoid Impulse Buying
Shopping with a list is a key way to save money. Before you head to the store, write down everything that you need to buy. It’s often a good idea to create your list based on the sales that are taking place. This will help you reduce your budget. Then, when you actually get to the store, only buy items that are on this list. Avoid “impulse buy” items that look attractive, but are often things that you don’t really need.
When it comes to making big purchases, try not to do so on a whim. Take a while to determine if you actually need the item and then wait and see if it’s offered at a discount somewhere.
Plan Meals Based on Sales
One of the keys to saving money on food is planning your meals in advance. Not only does this prevent wasting food, but it also lets you take better advantage of sales. When you look at weekly flyers, whether you’re doing so on your computer, your mobile device, or the newspaper, write down the items that you typically buy and then use this information to prepare your weekly meal plan. Now not only will you be planning for the week, but you’ll be maximizing the number of sale items you purchase, saving you money.
We’d like to thank everyone who entered our contest for their tips. Stay tuned to our Facebook page for more great contests as well as money saving tips, budgeting strategies, debt reduction ideas, expert advice, and much more.