How Can I Save Money On Everyday, Necessary Items?
Everyone likes to save money, but when it comes down to it, doing so isn’t so obvious or easy. While spending money and getting into debt is deceptively easy. Using just one method to cut back on spending won’t reap very big savings, but pairing multiple methods will make a significant difference in your bank account in the long run. Consider following these five ways you can save money on everyday items and try incorporating them into your life for a more stable financial future.
Learn How to Effectively Use Coupons
A coupon every now and then can save you a dollar or two on things like toilet paper and food, but the real savings begin when you learn how the pros use them. Keep a coupon binder, and learn how to stack your coupons in order to get maximum savings. Pay attention to various companies’ coupon policies to find out how you can and can’t use coupons in their stores. Additionally, if you’re ordering online, do a quick internet search for store promo/coupon codes before checking out. Dedicating time and energy to this can be a bit tricky as many extreme coupon enthusiasts might seem to go a bit overboard but the savings you can experience really add up.
Grab Lower Rates on Insurance
Swiping your card for an insurance payment isn’t one of the best feelings in the world, but you have a surprising amount of control over how much you’re paying for your premium. According to Meyer’s Insurance Ltd., insurance brokers in Edmonton, you can lower your rates on home/car insurance by bundling the two, raising your deductible, and adding security features to both your home and automobile. The lower the risk you are to an insurance company, the lower your rates will be.
Double Your Prescriptions
If you can, talk to your doctor about prescribing double dosages for your medications to grab big savings. For example, a bottle of 100 RX 50mg pills can cost $50. In many cases, the same bottle of 100 100mg pills will cost only a few dollars more. You can cut the pills in half, and keep quite a bit of money in your wallet in the process. This might only be available for certain medications but make sure to ask your doctor if it’s an option for you.
Buy Refurbished When You Can
Many people shy away from refurbished products mainly because there is a stigma attached to them from being formerly damaged or in ill repair. However, most stores assess each refurbished good with a quality control examination before reselling it to the public. Often times, a refurbished item is just as durable as a brand new one. If there is a refurbished option for what you’re buying, opt for it. The price won’t be anything to complain about. Some stores even offer replacement plans for refurbished items just as they would a brand new one.
Get a Library Card
Lastly, if you find yourself continually purchasing books or movies, decide instead to rent them for free from your local library. You might be surprised to find that they have many new releases that can cost $20 or $30 in the store if bought. Libraries are always updating their inventory in an effort to stay relevant and this can certainly work out in your favor.
If you find yourself going over budget on a regular basis, it’s time to start saving money by making some life changes. Start with these five easy recommendations and go from there. Soon enough, you should be seeing a big chunk of changed saved each month.
Category: Financial Planning, Personal Finance, Saving Money
