Here are some tips for spending hard earned money wisely. Please share your ideas for shopping wisely.
- Buy used instead of new when possible– especially cars- which lose thousands in the first five years; books, toys, exercise equipment and furniture.
- there are some things you’re better off buying new, including mattresses, laptops, linens, shoes and safety equipment like car seats and bike helmets
- Avoid impulse buying: Sleep on the decision to make sure you really need the item. Take time to shop around for the best price. Check your budget and if affordable, go for it.
- Save Electricity:Do you know that 40% of electricity is consumed when the appliances are turned off. Pull the plug on your energy loss by pulling the plug.
- Or buy a Smart Power Strip (starting at $27.71) which will stop drawing electricity when the gadgets are turned off and pay for itself within a few months.
- Buy generic: From groceries to clothing to prescription drugs, you could save money by choosing generic. In many cases, you won’t sacrifice much in quality. Advertising and fancy packaging doesn’t necessarily make a better product.
- Buy at local dollar stores. If you know what to buy, you can find some real bargains. A great place to shop for Greeting cards, cleaning supplies, small kitchen tools, shampoos and soaps, holiday decorations, gift wrap and balloon bouquets.
- Compare insurance rates at renewal time: Re-shopping your auto, home or renters insurance might save you hundreds of dollars. There might be Agents in this room happy to help you.
- Free is better:
- Remember that library card? Check out books, music and movies for free (or near free).
- Once every 12 months go to www.annualcreditreport.com for free credit report from each credit bureau – Experian, Equifax, and TransUnion.
- Take advantage of Kids Eat Free promotions www.kidsmealdeals.com
Make sure to check out our other blogs for more helpful Money Miscellaneous tips.