When it comes to saving money, it really can be easy to do. It isn’t only about saving money at your grocery or drug store, there are other ways to save on all sorts of things. Here are five that I recommend:
Use cash on large purchases. Often times, if you pay cash for large appliances (such as washers, dishwashers and even televisions), you can get a discount when you offer to pay them in cash vs. plastic. Even if you want to pay with your debit card, there is still a fee to the the store. So, stop by your bank, get cold hard cash and get ready to negotiate. We personally got an additional 5% off of the price of our television by doing this.
Implement the 48 hour rule. When it comes to buying things, often times it is a purchase on impulse. Rather than get it and end up with buyer’s remorse, go home and wait 48 hours. If you still are wanting it, then go ahead and spring for the deal — but remember to use cash to pay for it.
Cancel the home phone. Let’s face it, most people have cell phones. If you turn off your home phone and use only your cell phone, you can easily save a little money every month. Plus, you can avoid those pesky telemarketers!
Brown bag it. Even if you spend only $5 a day on a quick lunch out, that is $25 per week and $1300 per year! Imagine what you could do with an extra $1000 each year. That doesn’t mean you can’t dine out with a friend, just keep it in moderation. You can even take the money you’d normally spend on your lunch out and put it into envelope each week. You can use that to pay for the holidays, vacation or even to help eliminate your debt!
Take care of yourself. Health care costs are outrageous – we all know that. You know this even more so if you can’t afford health insurance. By eating healthy, cutting out smoking, increasing your water intake and getting lots of rest, you’ll be healthier all around. Not only will you feel better, you’ll stay out of the doctor’s office and save money.
There are so many great ways to save money. What is your favorite tip?