Money Saving Tips

Paul e Watts

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Posted 11 years ago   
If anyone has any tips to save money in these harsh times as recession bites why not share them here?

Here's one I read the other day about Credit Cards:


If you intend to pay your balance by the due date leave it til the last moment but never go over, this ensures your money stays in your bank longer. That one's fairly obvious but spin it around the other way:-

If you can't afford to pay the balance by the due date pay as much as you can the day you receive your statement - that way the interest charged will be much less - don't forget interest is charged daily.

I've missed this simple tip myself and it cost me dearly!

Colin Klinkert

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Posted 11 years ago   
What a great thread :)

When buying a product of fair to high cost, shop around, dont buy the first one you see, or don't buy because they say its cheaper then anywhere else, shop around.

To Take it a step further:

Negotiate: If you find it at store A cheaper then B, go to store B and see if they can beat it

Andy Anderson

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Posted 11 years ago   
Probably the largest savings area for us is bulk buying and advanced planning of meals. We often buy a couple large beef roast at a savings of 40-70 cents a pound and freeze the leftovers or plan on making beef stew the next day.

You can buy large bags of things like flour and sugar and add a few soda crackers to a mason jar to preserve and keep them dry. We also save on the storage containers and recycle butter bowls and whipped topping containers for storage. Many of these have also served as arts and crafts projects with the kids. We will use a Brillo pad and take off the old labels, and paint in new ones so they look fancy and are cost effective.

I have heard many saw those are tricks the poor use, but guess what? Sam Walton used the butter bowl trick himself in the garage etc.. Billionaire Sam drove that same old truck and lived fairly modest for his wealth, being pictured all over the country in beat up overalls and worn down comfy shoes. If he can do it in the name of conservation and savings so can I.

Debbie Williams

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Posted 11 years ago   
Turning your heating down by just 2 degrees can make a big difference to your heating bill and usually you don't notice it too much :)

I like your butter bowl trick Andy - we've always done that for convenience as much as anything else :)

David Williams

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Posted 11 years ago   
Save petrol/Gas by driving your Car at 55mph or 95kmh where its allowed on the motoways/highways will save Ok you may get to your destination 5 min later but what would you do with that extra 5 min?

Paul e Watts

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Posted 11 years ago   
Sound advice and talking of petrol don't keep your tank full all the time - firstly;- because your car is heavier you will use more petrol and secondly;- your money is in the tank and not in your bank account!

David Williams

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Posted 11 years ago   
Encourage your friends and family to use Skype its free for users to users and saves on your calls if you call landlines

Deleted

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Posted 11 years ago   
stop smoking that saves you money

Andy Anderson

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Posted 11 years ago   
Keep smoking it saves on medication for stress disorders associated with owning a business and worrying about money.

David Williams

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Posted 11 years ago   
Boil only the water you want to use in a kettle, it will save energy.

James Mason

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Posted 11 years ago   
It's not as profitable right now but I recycle aluminum cans, copper and even plain scrap metal. Of course it helps if you have a truck. But during the summer I can make an extra
$100-200 a month sometimes.
Also I'm a member of an online group called freecycle, they are worldwide now. Its where folks give old things away instead of taking it to the landfill . I've gotten computers, appliances, furniture, toys, etc. still in good shape or just needing minor repair. Plus you can post items to get rid of yourself if you're not the yardsale type.
One my wife taught me is mixing a little clorox with water in a spray bottle...good as any commercial cleaner you buy, and a lot cheaper!

Paul e Watts

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Posted 11 years ago   
Thanks for reminding me about Freecycle James. Must check this out I've got loads of stuff that could go.

David Williams

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Posted 11 years ago   
Sometimes if you go late to the supermarkets, you can get reduced prices.

David Williams

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Posted 11 years ago   

Debbie Williams

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Posted 11 years ago   
You can also walk that extra bit if it's safe and the weather permits lol :) if the corner shop is 1/4 mile away, walk instead of taking the car to save on petrol (and feel fitter, well after the first couple of times lol)...

Paul e Watts

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Posted 11 years ago   
Do what Pam does: scour the newspapers, magazines and Internet for money-saving vouchers. Shop for loyalty points and listen in to daily phone conversations between Pam and her daughter for daily reports of all the 'Buy 2 get 1 Free' offers!!!

V. EarthAngel

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Posted 11 years ago   
If anybody knows about penny pinching, it's me! I haven't worked since December of 05', because I chose to stay home and take care of my mother, whose had several Strokes and by the Grace of God, she's doing really well now, because I'm giving her Herbs to sustain her life and they are excellent for her health. We have gone through some tough times since I've been unemployed, but it's so amazing what having faith will do. I not only speak about faith, I live it, daily! So, I walk the walk and talk the talk!

We had to cut back on a lot of things, so I decided to grow a Garden and I've had one for going on 4 years now. You would not believe the money that it saves, because we don't have to buy vegetables anymore and what I grow in my Garden is a lot healthier anyway! Everything you buy now is processed and even the so-called 'fresh vegetables' are not fresh at all, because they're grown with chemical fertilizers and they are also full of pesticides, unless they're Organic. My mom always had a Garden when we were growing up and I never took part in doing that task, because I was not an outdoors person. But what's so amazing and strange is that, when I started to grow my Garden, it felt natural to me and I started to remember a lot of things that my mom did in her Garden and I want you to know that I had the prettiest Garden ever! Believe it or not, God would show me things about how to tend my Garden and everything just fell into place and it just amazes me as to how awesome He really is! So, I guess it was in my blood all the time, just one of my hidden talents. Like mama, like daughter.

So, I say to all of you, don't take anything for granted, because our lives are precious and God wants us to be good Stewards over everything that He's Blessed us with. Cut back on a lot of things that you don't need, don't be wasteful and take care of your bodies, which are our Temples. Get back to nature as much and as close as possible. Our minds and our bodies are destroyed because of lack of knowledge. We need to get back to the Herbs of the ground, that He has strategically placed here for us to partake of and until we start being obedient to His Word, we will perish, needlessly and that too my friends, is also a waste!

There's one more money saver that I want to share with you. I had telephone service with one of the major Providers and my bill was always around $59.00 dollars a month, but then they started going up and up on my bill and the only thing that I had was one line that I used for my Computer. So, I said 'forget this', I'm going to purchase the Magic Jack that I saw Advertised on the Net. the Magic Jack has a small Jack that you plug into the USB Port on your Computer and you you can attach any phone to it and it works just like it says..like magic! (mine is cordless) You pay a one time set up fee of $49.95 and after that it's $19.95 a year, that's right, only $19.95 a year and you can call anywhere in the US anytime, for that ridiculously low price! Plus, you can take the Jack with you anywhere you travel, on vacation or anywhere and plug it in a Computer or Laptop and continue to use the service. It's especially useful if you have kids off in College and you don't have to worry about long distance charges or running up your Cell Phone bill. If you want to look into it, just go to www.magicjack.com and check it out. These are my money saving tips today and when I find some more, I will gladly share them with you, oh and I also use Coupons. Remember this; if there's anybody that knows how to penny pinch, it's me, just ask me and I'll tell you....BEEN THERE AND DONE THAT!
Be Blessed today and always! Love, ~EarthAngel~
  • Last Edited 11 years ago
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Garland Coulson

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Posted 11 years ago   
A few ideas that I like:

1. Don't run your tap water down the drain to get it hot or cold. Instead, run it into a container and use it to water your garden or to replace water after you flush your toilet.

2. Get a credit card that lets you build air miles. Then run ALL your household expenses through it and pay it off immediately. No cost to you and your vacation air fare is all paid for.

3. Every month, review your bank account statements and credit card statements to find expenses that might go through automatically you forgot to cancel. If you are paying more than about $15 in service charges on your bank account, you have the wrong bank account for the activity you do.

Good luck!

Paul e Watts

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Posted 11 years ago   
Great post Garland with some good solid suggestions. Good to see you in here!

Also want to mention EarthAngel's post above. What a great story: give up work, live off the land, look after mum and be happier & healthier than ever before. Fantastic! More power to those little green fingers EA!

Keep those penny-pinching tips coming in! This post just grows and grows and is of use to everyone in these hard times!

David Williams

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Posted 11 years ago   
Make sure your Freezer is not full of ice, as it uses more electricity, keep it ice free on a monthly or 2 monthly basis. It also gives you a sort out of food that you have forgotten about.

Deleted

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Posted 11 years ago   
Scale down or eliminate cable television. There's mostly crap on anyway.

James Mason

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Posted 11 years ago   
Haven't been in here in a while...but I can add something more, David you spoke of the freezer. Another is not to cram it full, not only does it make it run more..you risk burning the compressor out, and that would mean a new compressor or freezer, neither being cheap.
Danette you are right too, actually you can get most of the public channel programs online anyways nowdays. Plus with the new "digital" signals, those converter boxes can help you go from 8 or 9 channels to anywhere from 20 to 50, depending where ya live.

Paul e Watts

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Posted 11 years ago   
Don't wash the car and waste valuable water - dash out in the rain with a sponge and suds!

OK - it's a bit silly that one - but it's just the way my mind works sometimes!

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