Enemy of Mine
Don’t be afraid—you can handle this monster. It’s big, ugly, and seemingly hell bent on ruining your hopeful outlook for the future, but you can beat it to death and come out ahead. Come on; let’s get a stronghold on the beast sucking the life out of us all…the economy.
Keep in mind, fail to plan…plan to fail. Design a financial plan that will stretch the income you have and prevent wasteful spending. Start by examining every bill, fee, interest rate, etc. and look for ways to lower them or cut them out altogether. For example, consider refinancing your mortgage, switch to interest free credit cards, make sure your bank is not charging you ridiculous fees, and if you do use a credit card—use one that rewards you with cash back.
Compare costs for any service you use with competitors to save money. This includes services like water filtration services, garbage pickup, landscaping/grounds keeping, snow removal, annual pool openings/maintenance, driveway sealants, pest control, cable, Internet, and telephone services. Also consider taking time to compare your insurance needs with various companies. Auto, home, and life insurance are expensive, so get the most for your money. Some companies offer discounts if you pay for the entire year upfront.
Just Do It
Instead of hiring people to service your lawn, pool, and driveway, plus kill any pesky bugs on your premises…just do it and save money. For example, learn to trim your children’s hair. I’ve always done this and with six kids you can imagine the money I’ve saved over 23 years. Learn how to tile a bathroom, paint a room like a pro, clean carpets, or tackle simple home repair problems by renting or buying “how to” DVD’s. Utilize free classes at home supply-improvement stores and remember to visit your local library. The Internet is also a valuable resource for anyone looking to save money on home remodeling or repairs.
If the idea of cutting hair or tiling a bathroom seems overwhelming, then think about your circle of friends and the skills you all collectively possess. Trade time with each other, teach each other, and make good use of the skills you’ve all been blessed with.
Groceries- According to my teens, Coca Cola is a necessity. If the dinner menu includes burgers or pizza, I agree, but any other time, it can be left out of the buggy and the world will not end. If you are living on a tight budget, use coupons if you would purchase those items with or without the coupons, but realize if you are only buying products because of coupons, then you’ve been tempted to spend money on things you would not have had on your grocery list. Too often, money is spent on snacks and sugary drinks, instead of nutritious food. Shop around, look for deals, and be cautious about over buying. No matter what I do, I cannot freeze bread or buns. They always taste awful if frozen for too long, so I never stock up on those items. However, go for it and stock up if napkins, paper towels, garbage bags etc. are on sale.
Meals- Rather than paying $2.25 to $3.00 for a can of soup or chili, make a huge batch. Soup can be used for several dinners, especially if you have soup and sandwiches one night, and then soup and salad another night. Tasty muffins or cornbread can be made cheaply and make dinner more satisfying.
If you do buy dinner as “take-out,” skip the drinks. You’ll get more for your money if you use the drinks you have at home.
Clothes- Great deals can be found online and coupon codes are easy to locate as well. Amazon, eBay, Eastbay, Kohls, Overstock, and Old Navy have amazing deals from time to time. Stock up at the end of a season and you’ll really see big savings.
Vehicles- The beastly economy has made it difficult for many to purchase a new car, so look online and locally at the used cars available in your area. Wheel and deal to the best of your ability and do this by knowing exactly what you’re looking for and what the book value is of said vehicle. Kelley Blue Book can help, plus visit websites like Carfax or AutoCheck to run the VIN numbers of any vehicles that catch your interest. Bear in mind, especially with used vehicles, if a deal sounds too good to be true…it usually is.
This is a touchy subject for some people, but 2010 is the year to make major changes in shopping preferences for holidays and birthdays. Be brave and inform your loved ones you are cutting back and you honestly want them to do so as well. Gifts do not have to be expensive to be meaningful.
For some small business owners, maintaining a web presence is extremely costly. Think about using free blogging sites and affordable website building sites, like Create Personal Websites, as alternatives to paying someone else to maintain your online presence. WordPress and Blogger make space available enabling any business owner to shine. Twitter is also another great marketing tool that can be used for free. Upgrades are available on these free options, but if you are just starting a business…get online, link with other businesses, fill your website with terrific keywords and content, and satisfy your potential customers by enticing them to come back to your website.
This may mean learning basic html, but nowadays, templates are used making it incredibly easy to get online and create impressive blogs and websites. Once again, I must stress if you need to learn about online marketing, but you feel intimidated, check with your family and friends for help. Today’s teens are connected to the Internet and almost instinctively know how to maneuver through the virtual world with ease.
Go green, save trees…save money. If your business typically sends out paper correspondences, go green and make the same documents pdf files or accessible online instead. Newsletters, quarterly statements, and/or company magazines can all be web based and they will look stunning, plus save businesses money. Bank online and skip buying stamps too.
During these tough times, using local libraries to acquire entertainment resources is a smart choice. Libraries today are nothing like the ones I frequented as a child. Movies, puppets and toy areas, group activities for both adults and children, and use of computers make them a wonderful place to visit. I was shocked when I visited our local library.
NETFLIX– So great to rent movies online and never have to pay late fees! Check it out and see if this online movie rental company can save you money.
Remember to take advantage of the lower tuition costs at a local community college. Make sure to investigate which universities will accept your credits as transfer credits. Online classes are wonderful for people who need flexibility in their schedules. Also, if possible, avoid out-of-state tuition. Apply for grants and scholarships in a timely manner, and bear in mind some local organizations offer fantastic scholarships.
If you served in the Peace Corps or the military, check to see if your college offers anything special just for you.
If you have a great money saving tip, please leave a comment.
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