Posted by admin on March 25, 2012
When the economy takes a downside turn, everybody wants to save some money by tightening their purse strings on their spending habits. They seem to be reluctant in taking out cash unless it’s short term loans for an emergency situation. People are finding alternative methods of transportation, counting their pennies at the grocery store, and cooking better food at home so that they don’t have to spend money by going out for dining.
Saving money at the grocery store: You can save a lot of money on your monthly food bills at the grocery store and still eat well by cooking food at home. You can grow your own fruits and vegetables in your backyard and a garden can be a fun for your family. But if you don’t have the time, land, or patience for something like that, try these other tricks of the trade.
Go to a warehouse club with a friend or neighbor and shop in bulk. Stock up and split your purchases.
Plan ahead of time. Create your own menus for the entire week and cook it at home. You will feel this dinner like a night out and allows you to use what you’ve got.
Cut out the meet. It’s good for your health and fits well on your budget.
Savings without dumping the pump.
With gas prices rising higher, it is becoming difficult to drive a car. But for most of the people, car is a necessity. They use it for various purposes, like going to work, pick up the kids, run errands, and go on interviews. You can refinance on your auto payments and save at least $60 per month and get lower interest rates. The money you save by refinancing your auto loan can be used for anything from gas to groceries or create a savings account that allows you to earn some interests.
Home energy savings: If you are able to reduce your utility bills, it means you are able to reduce your utility use. Follow these tips and it will help you saving a lot of money.
- Take a bite out of your electricity bill by installing a programmable thermostat. Don’t heat or cool an empty house, just program the thermostat to turn on a half hour before you’ll be home.
- Install a saver switch on utilities such as air conditioning. The switch will cycle the air off and on in short intervals and many people do not notice the difference.
- Turn off the radio, television and lights when no one is in the room.
- You can save some money in your water bills also by not wasting water in long showers. Instead, use it for laundry purposes. Even five minutes of time each day can make a lot of difference in the whole month.
Know more about budget at: http://www.whitehouse.gov/omb/budget
Know more about savings at: https://www.tsp.gov/index.shtml