Save Money Tips

Even if you’re living on a modest income, the opportunity to save money or cut costs on many areas is always a welcome thing. In spite of the rising costs of health care, education, basic goods and other commodities, spending is still at an upward trend. If you’ve been wanting to save money but have no idea where or how to start, here are five simple but effective money saving tips.

Tip #1: Stop the Magazine Subscriptions

The typical American family subscribes to an average of four magazines each year. The average yearly subscription to these magazines is $20. If your family subscribes to five magazines, you’re spending $100 each year on subscription alone. You can save money by reducing the number of magazine subscriptions you have or stopping all of them altogether. Most magazines nowadays have online versions, many of them offering free information. Likewise, libraries would have these magazines so you’ll save on subscription costs if you simply visit your library to read these.

Tip #2: Buy Your Non-Perishables in Bulk

Many items would save you money if you buy them in bulk at warehouse stores like Costco. Non-perishable consumables like toilet paper, paper towels, detergents, canned goods, cleaning supplies come out much cheaper if you buy them in bulk. There are occasions when buying perishable goods in bulk can save you money, such as when you have an upcoming party or gatherings. You’ll find you can save money by buying fruits and food items in bulk for these occasions instead of buying them at your local grocery stores.
Tip #3: Cut Back on Eating Out

Dining out has become an American way of life. It is now usual for families to eat out instead of sit down around the kitchen table and enjoy home cooked meals. Is eating out a habit that you and your family have? If so, consider cutting back on that and see how much money you save by doing so. You’ll discover that by limiting the times you eat out you can cut down your food budget by 40% or so.

Tip #4: Follow a Weekly Meal Plan

If lack of time is your primary reason for not cooking your meals at home, consider making a weekly meal plan and then cooking meals in big batches once a week, freeze them and then simply heat up the portions you’ll eat each meal. Another way you can cook your meals is to prepare all ingredients the night before so that they’re ready the next day after you get home from work. Save those times for eating out for special occasions.

Tip #5: Create Your Own Skin Care Products

You can keep your skin healthy and you looking beautiful while saving money. Visits to a dermatologist and buying all those expensive skin care products can seriously put a dent on your budget. The thing is, skin care doesn’t have to be expensive. There are items in your pantry that you can use to create simple homemade skin care products. For instance, you can replace that expensive exfoliating product with  honey and oatmeal mix. And if you seep ginger in a bath, it can help soften your skin. And if your tired skin needs softening, cucumber and milk will do the job.

This entry was posted on Monday, September 7th, 2009 at 10:05 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.