Who doesn’t like to save money? Here are some tips to help you keep to your budget and save some $$. I am sure you have some great ideas in mind for what you would do with it 🙂
1. Buy in bulk at wholesale pricing
Stores such as Costco or Sam’s Club sell everyday items in larger quantities, often at a cheaper rate. Not all of their products are cheaper than the average supermarket, so keep an eye on the price per item/ounce. If there is an item you use often, don’t be afraid to buy it in larger quantities for a cheaper price.
2. Purchase “store brand” items
Not all knockoff brands and products are created equal. However, there are many store brands who sell great quality products. These products are frequently produced in the same factory and produce the same quality as the original brand, so the only difference between the name brand and the knockoff is the price. There is no “one-size fits all” approach to this, but it’s worth the trial and error to find “off brand” products that work best for you.
*TIP: Keep an eye out for statements such as “compare to _____ brand.” This is usually an easy way of knowing if the quality is comparable to the name brand product.
Example: Target’s up & up™ brand tissues
3. Plan your meals in advance
Meal planning sounds like a lot of work, but in reality it only takes a few minutes! Check out my article on meal planning for a more in depth guide to help with planning your meals in advance (insert link).
Planning your meals in advance and shopping based on the ingredients you will need for them, will cut down on the number of trips you take to the grocery store and the amount you spend.
4. Create a shopping list and stick to it
This is easier said than done, but following a shopping list will help you save some cash and stick to your grocery budget.
5. Don’t shop all in one place
With your busy schedule, you might be tempted to do all your shopping in one store. Yes, doing so will cut down on the amount of time you spend shopping, but you will pay for the convenience. Grocery stores know this, which is why they typically price their toiletries and diapers at a much higher cost than your average Target or Walmart.
There are countless stores in every neighborhood, and knowing where to buy what will save you a lot of money in the long run.
6. Keep an eye out for sales
If you see a big sale on an item you use on a regular basis, don’t be afraid to stock up!
7. Get in the habit of saving
Commit to putting aside money into savings, no matter what. Small amounts add up! Every month and year will bring many changes to your lifestyle and budget, but it’s never too early to get in the habit of saving.
8. Avoid “flash deals”
There are lots of great chats and websites that focus on “flash” deals. I’m not saying that you shouldn’t join them, but try to think twice before purchasing under pressure from a flash deal. Sometimes it’s better not to know what deals you’re “missing out on.”
9. Reusable over disposable
Disposable dishes, tablecloths and cutlery are great for convenience. However, if you are living on a tight budget, you know that the cost of these items can quickly add up. There are pros and cons to both reusable and disposable, but the decision is up to you.
10. Turn your thermostat on a schedule
Set the temperature to reflect when you are home or out of the house. When you are not home in the winter you will want the thermostat set to a lower temperature. Alternatively, you will want to set it to a higher temperature when you are not home in the summer.
*TIP: If you are planning to be away from home during winter days. don’t turn your heat off. It can result in frozen pipes (depending on the climate you live in). Instead, set the thermostat to a very low temperature so the heat will kick in when needed.
11. Eat out for lunch instead of dinner
Restaurants typically offer the same menu throughout the day. The perk of going out for lunch is the lower price of the lunch specials most places offer.
12. Make your own coffee
The savings from making your coffee at home instead of buying can really add up fast.
13. Use the 24-hour rule
Before making a non-essential purchase, wait a day before purchasing it. Most of the time you will find that the item is more of a “want” than a “need.” This habit will help prevent impulse purchases and make you more mindful with your spending.
14. Don’t be afraid to ask
Is your monthly phone bill very high? Call the provider and ask if there are any discounts they can give you. Very often the answer will be an easy yes!
15. Take advantage of student discounts
If you or your husband are in school, there are many discounts you can qualify for. All you will need is proof that you are a student- either a student ID or school email address. If you are unsure if a store offers student discounts, remember, it can’t hurt to ask!
