For this posting, I thought that I would just 7 proven (and quick) ways to create savings around the house. These advantages of these particular strategies is that they will yield immediate savings.
1. Avoid Daily Food Purchases
Pack your own your lunch (from food in your house) every day for work and you could easily save $25 or more per week. This tactic saves—at a minimum—of $1,300 per year. or more than $50,000 over a 40-year career!
2. Gasoline
Many automobile experts agree that using a higher grade of gas than the manufacturer recommends is a waste of money—especially at current prices. Premium grades cost about 20 cents to 40 cents more per gallon than regular unleaded. My personal advice is to use either a mid-grade or regular gasoline, but combine them with gasoline performance-improving additives (which you can purchase at any store) every other week. The potential savings are obvious.
3. Renting Books, Magazines, DVDs and More
OK, I admit, I am guilty of this one (book are a personal vice). I buy a lot of books. In fact, the average American household spends about $200 per year on books, either traditional or E-books (U.S. Census Bureau). Many newly published books (along with movie rentals and much newer music) can be borrowed for free from any of the nation's 17,000 public libraries.
4. Alternative Transportation
If you live close enough, try walking to work. You will not only get free exercise (something truly needed considering the collective American waistline), but also save a tremendous amount of money. According to data, the average America worker commutes by car to the tune of about $4,000 per year (gasoline, repairs, wear, etc.). Imagine having that extra money in an interest-bearing account…
5. Skip the Convenience Store
This is a big one. Avoid convenience stores if you can. Many of the products purchased at local convenience stores and gas stations are routinely more expensive compared to the same item purchased at a local supermarket. In fact, if you were to make a shopping list of the same items, and purchased the same items at a supermarket and a convenience store, the spending difference could be as high as 45% cheaper for the same exact items!
6. Save your change
I honestly don’t know where I got this habit, but for quite a long time, I avoid spending pocket change unless I absolutely have to. Instead, I stash my change—sometimes even single dollar bills—in a plastic jug in my bedroom. Not only does this help reinforce the habit of saving in general, but it comes in handy for those trips to the Laudromat, through the toll booth, to keep feed parking meters, and the various other situations requiring change-at-the-ready.
7. Break a Truly Bad Habit
On occasion, I have mentioned the monetary benefits of maintaining good health (such as healthy food purchases and their long-term benefits in saving potential medical costs). But don't overlook the financial benefits of quitting a bad (and costly) habit. Buying a single pack of cigarettes per day will cost you on average about $2,000 a year; consider the amount over a multiple-year time-frame. Not only will quitting yield immediate monetary savings, but could quite reasonably save your life.
Beyond Dollars & Sense is a forum dedicated to informing American consumers about the best ways to save money, and find the best values in an ever-challenging economy. It is also a source for up-to-the hour financial and business-related news.
Friday, May 31, 2013
Tuesday, May 28, 2013
Catchy New K-Mart Ads...Laugh Out Loud Good!
As a child, I remember that K-Mart was the Walmart of the day. It was simply the place to go for people on the lower-end of the economic scale (which we were growing up). You could go there, and buy toys, electronics, and clothes (of course this was before the advent of clothing lines that were meant to convey status and/or popularity). K-Mart was the lower-end competitors to (then) higher-end stores like J.C. Penny, Sears, and the like. I can personally attest to the retail store saving many a Christmas growing up for my family as well as many others.
However, later came competition from other discount retail chains such as Target, Walmart, and the various “dollar only” stores. Because of these later competitors, K-Mart found itself on the economic ropes in recent years, even agreeing to merge with now fellow struggling chain store Sears…to less than stellar sales.
But K-Mart might have just redeemed itself from its years-long economic spiral into retail irrelevance with two new edgy television ads that even makes me want to go back to the retailer to see what deals I might be able to find. Take a look at the ads posted below as you struggle to try to avoid smiling, laughing out loud, or jump into your vehicles and see if the deals are as appealing as their new ad campaigns!
Needless to say, I will be reporting right here any values and deals that might be the result from this new-found interests in the age-old (and suddenly more interesting) retailer.
However, later came competition from other discount retail chains such as Target, Walmart, and the various “dollar only” stores. Because of these later competitors, K-Mart found itself on the economic ropes in recent years, even agreeing to merge with now fellow struggling chain store Sears…to less than stellar sales.
But K-Mart might have just redeemed itself from its years-long economic spiral into retail irrelevance with two new edgy television ads that even makes me want to go back to the retailer to see what deals I might be able to find. Take a look at the ads posted below as you struggle to try to avoid smiling, laughing out loud, or jump into your vehicles and see if the deals are as appealing as their new ad campaigns!
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