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NightStar
Joined: 10 Mar 2010
NightStar's page
Posts: 143
Location: Illinois
3061 Magic Points
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Subject: Ways to save money
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Wed Mar 10, 2010 10:24 pm
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One thing I did was when I was keeping a checking account and register book was every time I wrote a check I would write the amount in the register rounding up to the next dollar. Like if I wrote a check for $10.50 I would enter it into the register as $11.00.
After a year I would correct the bank register to see how much money I actually had in the account, once I went a few years not checking the balance and found I had actually saved $700. So this is a really good method thou having an interest bearing savings account is a better way to go. But if you spend what you see, this might work instead.
Also if you improve your credit score you should periodically check existing accounts to see if you can get better deals.
1. Insurance companies, you can periodically shop around to see if there are better rates. Just remember that this will cause an inquiry on the credit report - it will be a soft hit but show up for 2 years.
2. Cable - Phone companies - if you see commercials for new customer rates you should go in and point out that you are a good customer and you want the same rate you see advertised for new customers. You might take the time to shop for new companies showing lower rates. But it also depends on what exact service you are wanting.
3. Credit Card companies, you can shop around for better rate cards, or ask existing credit cards to reduce current interest rates. If you are going for a new account this can result in a hard inquiry, if you are just asking existing creditors this should just be a periodic account review - soft hit.
4. Power Companies - consumers can request levelized billing plan where payments are distributed evenly over the course of the year and then at the end any extra is billed. If you monitor what was charged and what is owed, you may find you can pay more and lessen the amount that may be owed at the end of the year. This really comes in handy for months that you just can't meet the total bill requirement.
5. If you are low income, you might find utility assistance within your community. You should be able to contact the local Public Aid office, or contact your Chamber of Commerce office.
6. I found a good web site for assistance will medication costs: www.needymeds.com If you send in an application you might get reduced cost or better yet free medication sent to you.
7. I find making a budget plan helps out a lot you can list each creditor what is owed each month, what you income totals verses your expense totals are. You might be able to see where you can cut corners and save money.
8. Shopping - check out other local grocery stores in your area and look around. Make a list of all product you buy and what prices you noticed at each store and maybe make a trip to a few different ones to save. Tip: Just because a store take coupons does not mean you are saving if the store has high prices to begin with. So you got to watch out for that when using coupons.
Hope this helps
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3927
10 Magic Points
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Wed Mar 24, 2010 2:01 am
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On number 8, I find myself buying things that I don't actually need just because I have a coupon, I have to stop doing this, so I am not going to clip those coupons that I do not need.
Also, be a pal, leave the coupon that you are not gonna use on the shelf, it might help someone else out. |
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NightStar
Joined: 10 Mar 2010
NightStar's page
Posts: 143
Location: Illinois
3061 Magic Points
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Wed Mar 24, 2010 3:47 am
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Thanks for your added tip, I usually look at coupons and call my mother or sister to see if they have specific need for that particular coupon.
But if I don't give them to family or friends, I will start doing that, leaving them out for others to find.
Thanks
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4285
127 Magic Points
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Wed Mar 24, 2010 11:34 am
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I agree with Goodnatured about coupons. I do use them but had to stop myself from using everyone of them just because I MIGHT need the item later on down the line. More or less I actually found that I was in fact throwing out those items due to expiration.
I do like the checking account idea. I have been doing kind of the same thing. We get rewards through our bank for using credit instead of debit. Each month the award is credited to our account. I never add it in. I also will rough estimate a bill and subtract it when I get paid knowing it will be coming in soon. I usually over estimate and never add back in the extra. I just put the actual amount in quotes so I see it when I balance. |
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SamGurl
Joined: 28 Mar 2010
SamGurl's page
Posts: 27
457 Magic Points
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tracy
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Tue Aug 31, 2010 11:24 am
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| nice post..Thanks for this post your information is really valuable.Im really very much interested in getting these tips. |
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Chuckhamrick2
Joined: 24 Sep 2010
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Posts: 1
13 Magic Points
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Fri Sep 24, 2010 7:59 am
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| Thanks for all the tips!! Smile I have a really bad habit of buying things I don't need simply because they are on sale or just a really good deal. I've gotten SO much better about this, thank God. |
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Aaron
Joined: 08 Feb 2010
Aaron's page
Posts: 2675
48566 Magic Points
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trtmaster
Joined: 02 Oct 2010
trtmaster's page
Posts: 6
43 Magic Points
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Sat Oct 02, 2010 2:25 pm
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Interesting way to save money whenever round off then always the money will be saved
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john11
Joined: 29 Oct 2010
john11's page
Posts: 1
22 Magic Points
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Fri Oct 29, 2010 10:11 am
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| Very interesting,so acutely advice for money saving,these tips really helpful to me.Thanks a lot. |
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889
1356 Magic Points
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Subject: credit
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Fri Oct 29, 2010 5:24 pm
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| If you do the 'little things', to save money, it really adds up. Put so much spare change in a jar, put alittle in a savings account every month, etc. Sure does help when you have come upon a 'rainy day'!! |
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Stacey
Joined: 03 Nov 2010
Stacey's page
Posts: 12
221 Magic Points
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Subject: saving
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Wed Nov 03, 2010 7:29 pm
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I agree, i roud up in my register, and try to nickel and dime everything I can but still manage to get good quality. Shop sales, and don't be afraid to ask for competitor prices or price matches, and bring in proof.
Window shopping can be fun, but limit it, because anyone can find the excuse to spend money they dont have on the things they want rather then need.
If you can't pay it off at the end of a month on a credit card, don't buy it and don't look at it. |
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trtmaster
Joined: 02 Oct 2010
trtmaster's page
Posts: 6
43 Magic Points
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Wed Dec 08, 2010 12:20 pm
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Using some simple measures will save as lot of time in these credit card mishaps all ideas comes once we got in to a pit before that no one will understand
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dheyjim
Joined: 23 Dec 2010
dheyjim's page
Posts: 22
113 Magic Points
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Thu Feb 24, 2011 10:45 pm
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In these recession times, it's difficult to think our future. But having a savings will surely create peace of mind.
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AliciaMiller
Joined: 25 Apr 2011
AliciaMiller's page
Posts: 2
11 Magic Points
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I have a really bad habit of buying things I don't need simply because they are on sale or just a really good deal. I've gotten SO much better about this, thank God.
