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Save $Money$ in this economy

1. Increase your auto insurance deductibles.

auto_insurance

2. Open an online savings account

online_savings

Examples of online savings accounts
The Orange Savings Account. Great rates, no fees, no minimums.


3. Stop buying bottled water

bottled-water

4. Downgrade your cable plan

cable_plan

5. Use the library more often

library-books

6. Learn how to cook and cook consistently

start-cooking

7. Switch to a prepaid phone plan

phones

8. Cancel your landlinedrop-your-landline1

9. Create shopping lists

shopping-list

10.  Stock up during supermarket sales

groceries

and follow these tips,

  1. Come to the store with a specific list of items – and don’t stray from it.
  2. This means planning your menu for the week and itemizing how much each meal potentially costs.
  3. Buy generic. It used to be that generic goods were of poor quality. This just isn’t the case anymore
  4. Don’t use coupons. This may sound contradictory, but coupons are often for name-brand products. 50 cents off Lunchables is still too expensive. Of course, this isn’t always the case, and coupons can be useful, but don’t think you’re saving money just because you hand over a coupon.
  5. In a similar vein, don’t always buy in bulk if it’s not something you use a lot. Bulk toilet paper makes sense. But a crate of ketchup may never get used in your lifetime.
  6. Check prices by size. A large can of a certain brand can be less than a small can of another brand.
  7. Stay away from convenience foods: all of them. Frozen dinners, soda, candy, cookies. Yes, it’s less fun, but you can make cookies or buy powdered drink mix and make your dinners for much cheaper.
  8. Be sure to always save your leftovers, and never make food that will go to waste.
  9. As mentioned, stay away from restaurants.

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Posted by Ken.Kabaki on Feb 24th, 2009 and filed under Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site

2 Responses for “Save $Money$ in this economy”

  1. Guide to saving energy ? Two mistakes to avoid says:
    November 6, 2010 at 12:03 pm

    [...] today’s nation, everyone is looking for ways to keep on energy expenditure. Unfortunately, most public make two mistakes [...]

    Reply
  2. Tabitha Jones says:
    March 9, 2009 at 10:24 pm

    I came up with a few more.
    Increase your auto insurance deductible
    Cook at home more often
    Make your own coffee
    Use grocery bags inplace of trash cans
    Downgrade your cable plan
    Consolidate and pay off debt as soon as possible
    Avoid unneccesary fees, atm, late fees etc
    Buy what you need
    Ride your bike of carpool
    Plan vacations ahead of time

    Reply

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