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Showing posts with label Savings. Show all posts
Showing posts with label Savings. Show all posts

Thursday, January 16, 2014

J.C. Penny To Close 33 Stores - An Opportunity To Save!


Whenever someone of a particular age groups hears about the closing of a store with history, it tends to evoke thoughts of nostalgia, or memories of simpler times and experiences in that store. When J.C. Penny announced this week that it was closing some 33 stores around the country in an effort to save the struggling retailer some more than $60 million in annual costs and expenditures (and ending some 2,000 positions), this was probably the thinking that entered into the minds of some longtime and loyal customers of the chain. However, what I and other penny pinchers thought upon hearing this news was the opportunity to save money in the upcoming inventory liquidations that are sure to come in the wake of the closings. Granted, some stores will be moving their inventories to higher-performing stores designated to stay open, more isolated stores will probably be the ones to begin slashing prices in order to reduce their stocks in preparations for the closings, which are slated to being this New Year.
Below is a list of the stores slated to close, as reported by the Wall Street Journal yesterday. It is highly-advised that those looking for deals—especially in the vicinity of these particular stores—to keep a sharp eye out for sales indicating the beginning of inventory reduction.




AL
Selma
Selma Mall
CA
Rancho Cucamonga
Arrow Plaza
CO
Colorado Springs
Chapel Hills Mall
CT
Meriden
Meriden Square
FL
Leesburg
Lake Square Mall
FL
Port Richey
Gulf View Square
IA
Muscatine
Muscatine Mall
IL
Bloomingdale
Stratford Square Mall
IL
Forsyth
Hickory Point Mall
IN
Marion
Five Points Mall
IN
Warsaw
Marketplace Shopping Center
MD
Salisbury
The Centre at Salisbury
MI
Marquette
Westwood Plaza
MN
Worthington
Northland Mall
MS
Gautier
Singing River Mall
MS
Natchez
Natchez Mall
MT
Butte
Butte Plaza Shopping Center
MT
Cut Bank
(N/A)
NC
Kinston
Vernon Park Mall
NJ
Burlington
Burlington Center
NJ
Phillipsburg
Phillipsburg Mall
OH
Wooster
Wayne Towne Plaza
PA
Exton
Exton Square Mall
PA
Hazleton
Laurel Mall
PA
Washington
Washington Mall
TN
Chattanooga
Northgate Mall
VA
Bristol
Bristol Mall
VA
Norfolk
Military Circle Mall
WI
Fond Du Lac
Forest Mall
WI
Janesville
Janesville Mall
WI
Rhinelander
Lincoln Plaza Center
WI
Rice Lake
Cedar Mall
WI
Wausau
Wausau Mall


And as with any store closing, prices will invariably being to cut more the closer each store gets to actually shutting its doors. The closing of these J.C. Penny’s stores might actually be an opportunity in disguise to do a little early gift-shopping in anticipation of next Christmas…or to indulge in a little self-pampering with savings on high-end merchandise. Stay tuned!

Friday, May 31, 2013

7 Simple Ways To Save Money Fast!

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.

Sunday, April 7, 2013

Traveling By Bus Makes a Comeback



Recently on CBS's "Morning Show," the network's news travel editor, Peter Greenberg talked about the financial advantages of traveling by bus. Among the points that Greenberg made was that travel by bus is most economical for trips below $400 miles; after that, it becomes a less-bang-for-the-buck endeavor, especially in relation to a plane ride of the same distance (view video). 

In addition, Greyhound, the nation's premier cross-country bus line, has several options to make bus travel even cheaper. Most of these advantages can be capitalized on if you book through their website. Discounts are available for students with a Greyhound Student Advantage Discount Card. The card costs $20 to buy, and can pay for itself if you’re going to be making regular journeys across the country. The discount card earns users a 20% discount on bookings. Other discounts include a military discount (10% discount) and a senior discount (5%) for those aged over 62.

Other affordable bus travel alternatives include those that have less extensive, but more fixed routes to major cities include:

Megabus is a location-to-location bus line. It's somewhat upscale, offering free amenities such as free Wi-Fi and reclining seats. The fares can be more expensive than other budget bus services (see below) as a result of this, but there are some real bargains to be had if you travel on the right day and perhaps at less convenient times, such as early morning. Some fixed routes among its most traveled routes are priced as low $1.00 for a trip that lasts several hours, such as its New York to Washington DC run.  However, not all runs on this particular route leave or arrive at the most undesirable times.  As a result, a search of its site might be advisable in planning a trip through Megabus.  

Chinatown Bus is a budget bus company that services routes between the larger U.S. cities, mainly Seattle, Miami, San Francisco, San Diego, Las Vegas, Salt Lake City, Chicago, Atlanta, Orlando, Boston, New York, Philadelphia and Baltimore. Current fares include Philadelphia to New York for $10 and Washington DC to New York for $18.

Boltbus is similar to Megabus in that it offers Wi-Fi and extra leg room on its buses and fares start at just $1 dollar. After every eight trips made using the service, you’ll receive one free trip (one-way only).

Granted, long bus rides are not always the most pleasant of experiences, the prices for short and intermediate-length routes compared to airplane trips of similar duration and distance make it more-than-affordable for even the most price-conscious traveler.

Monday, March 18, 2013

Saving Money On Cell Phone Services

I’ll just come right out and say that I’ve been using cell phone since the late 1990s. I’ve had both contract and prepaid services. And I don’t mind saying that for sheer savings, prepaid cell phone services beat contract services hands down (for the sensitive among the readership, I will refrain from any references about how I felt violated by the terms of previous contract services).


However, I do know that many cell phone customers are still privy to utilizing contract services for various personal reasons. For that reason, I thought I would post a little something about saving money with both cell phone and contract cell phones services. First, let’s start with the contract services.
With the many options available to cell phone customers (texting, internet access, voicemail, e-mail, etc.), those looking for the best bargain in contract cell phones have to consider what type of phone might be best for them. Nowadays, even the most basic of available cell phones have at least some options in addition to simple calling. T-Mobile, Verizon, and AT&T for example offer basic phones that all have texting, voicemail, e-mail, and camera capabilities. Such phones are perfect for those who need simple no bells-and-whistles communications, such as elderly customers, or those smart enough not to be addicted to leisure social networking. These same providers, in addition to most others, also have on the other end of the technology spectrum “smart phones” that have more apps that the average person will use. These high-end phones are mostly touch-screen android models (although there are still some Blackberry phones still favored among cell phone users), with internet service, programs that synch computer-based e-mail accounts to their phones, and a host of other cool gadgetry. The biggest difference between high-end cell phone and basic models is the reliability and speed of the networks these phones work on.  Higher speed networks (3 & 4G networks) tend to be reserved for high-end phones with internet access. 
If you already have a basic model phone, upgrading from the basic model to a high-end model from one of the major carriers isn't cheap. First, you have to buy the smart phone itself, which is usually cost in the neighborhood of between $100 to $700 when signing a two-year contract.  In addition, be prepared to fork over $70 to $110 a month for a plan with data service for internet access. That’s a lot more than a basic phone plan, which generally costs $40 to $70 a month. Even if you already own a smart phone, you might be persuaded to buy the latest new smart phones, the best being the Apple iPhone 5, the Samsung Galaxy S III, and Samsung Galaxy Note II.  Each have better cameras, bigger and more responsive screens, and faster built-in processors for speedier internet surfing and app performance.
If you want to go with a contract carrier, according to Consumer Reports, the best-rated company for customer service is Verizon. And for the third year in a row, the company with the worst customer service is AT&T. Sprint and T-Mobile are in the middle.  However, if you’re interested in contract services, you have to be willing to balance the worst aspects of a particular provider’s service with areas where they might be worth considering. Despite their reputation for poor customer service, AT&T was rated as having the best network coverage—particularly 4G internet speed—of all the major carriers.
So, what if you already have a cell phone service, and you're looking to cut monthly bills--especially if you have plans with multiple users such as family members?  Watch a recent piece from ABC news and consider these tips...

Also, if you’re looking to save money on contract phones, look into inquiring your carrier whether you can switch to their prepaid services.
And speaking of prepaid cell phone plans, Consumer Reports revealed that for sheer savings, Wal-Mart’s Straight Talk was the best-rated company. With both $30 and $45 a month plans, Straight Talk offers both basic and smart phones, with the $30 a month non-contract plans linked to the basic phones, while the $45 a month plans working only with the high-end phones (conversely, $30 plans do not work on Straight Talk’s smart phones). This is half the price of Verizon’s cheapest, unlimited air time per month plan. That’s a huge savings from the estimated $1,500 a year Americans save on contract cell phone services.
The advantages of non-contract month-to-month cell phone plans like Straight Talk include—in addition to the cost savings—the lack of credit checks, non-contractual commitments, and flexible monthly spending plans.
T-Mobile offers individual prepaid plans, “Pay As You Go” and “Pay By The Day.” The latter plan involves paying only when you use your phone. That means starting as low as $1 a day on the days you use your phone, subtracted from the $30, $50, & $100 cards you purchase. With the $1 a day plan, you pay .10 a minute with unlimited texting. With the $2 and $3 a day plans, the talking and texting is unlimited with different amounts of available web use.
Verizon's prepaid plans offers unlimited talk and texting starting at $50 a month, with both basic and smart phone availability (by the way, ranked No. 1 for best overall satisfaction and service).
There are a host of other prepaid cell phones and cell phone services (e.g., prepaid services are also offered from companies like TracFone, and MetroPCS). each with their respective pros and cons.  As with everything else involving saving money and comparison shopping, its up to you to research which phone and service suits your needs.  A good starting to begin comparing prepaid cell phones and price plans are the online offerings of the major consumer retailers, including those listed by Best Buy, Wal-Mart, and Target.  

Wednesday, February 27, 2013

Saving Money on Prescription Drugs - Little Known Tricks


One of the most positive results of being a news and information junkie is that I am constantly learning, especially about issues related to personal finance and economics. Monday, I was watching a segment from ABC’s “Good Morning America,” which spotlighted a family struggling with paying health care costs—particularly the cost of prescription drugs—in light of their unique circumstances. Although their circumstances are unique, the Florida family spotlighted in the piece represent the nearly 50% of Americans who need some form of prescription drugs (according to figures of the U.S. Centers for Disease Control and Prevention).
However, the family in the news segment was lucky in one respect; ABC brought in a noted health care advocate and author, Michelle Katz, to help show them ways in which they might trim down the cost of prescription drugs. Watching the piece, I was slightly taken aback by some of the little-known ways which you and I as consumers can advocate on our own behalves in saving money on prescription drugs (see video below).

There are many websites dedicated to informing the public about ways to cut costs related to health care for the consumer. As an example, start here: www.facebook.com/healthcareforless. Other places to begin searching online for ways to lower costs is to check out sites which focus on particular afflictions, such as Multiple Sclerosis or other blogs. In addition,the tips offered by Katz include:


1. Check your bill, like you would at a restaurant. 
Believe it or not, there are codes for your drugs, and billing departments often get them wrong. In helping the family, Katz found one of those wrong codes on their bill. The family was being charged for a higher priced drug. Fixing the code immediately saved them $1,200. 

2. Arm yourself with the Low RX App
Drug prices fluctuate like gas prices. This app tells you what the average cost is for a particular drug and its generic, and arms you with the phone numbers of every pharmacy in your area. You can call other pharmacies to comparison shop. The app also shows discounts. In some cases, you can get up to 75% off.

3. Go to big wholesalers, even if you’re not a member. 
The Low RX app revealed lower drug prices at Costco, which as it turned out, by law you can buy your prescription drugs there...even if you weren’t a member. Katz found the family's drugs at Costco for $100 less than elsewhere. 

4. Negotiate. 
If you go to smaller mom-and-pop pharmacies, you can wheel and deal to bring the price down. Bringing cash can increase your bargaining power. Instead of paying $30 for a prescription at a local pharmacy, the Florida family secured the same prescription for $12 – an $18 savings. 

5. You can go directly to the big drug companies
Katz called and emailed large drug companies on behalf of the Florida family. She kept at it for weeks, providing proof of the family’s financial situation and even suggested that the family might have to stop buying its particular drug altogether. 

6. Visit Needymeds.com. 
Needymeds is a nonprofit group that offers grants, vouchers and patient assistance through its website. 

7. Use an RX Access discount card. 
Together Rx Access offers savings on brand-name and generic prescription products to individuals and families without prescription drug coverage, according to its website. With the help of Michelle Katz, the Florida family in the ABC News segment lowered their monthly prescription drug bill from $20,000.19 to $1,252.28, saving them $18,747.91. 

If you're one of the nearly 50% of Americans who find themselves in need of prescription drugs, these tips should be a great starting point to lower drug costs.  I've already uploaded the Low RX App to my tablet, and it works like a charm.  And I hope to check out the other sites myself when (or if) I ever need them.
Learning is a good thing!

Tuesday, February 12, 2013

Using Your Smartphone To Find Smart Travel Deals


With my former truck driving days behind me, I don't get to travel anywhere near as much as I once did. And it's too bad that I don't because a recent feature on NBC's The Today Show spotlighted new apps for our smart phones that makes me want to get back into travelling...just for the sake of trying them out.
According to Travel and Leisure Magazine International Editor Mark Orwoll, with more and more Americans looking to save money--especially on discretionary expenditures like travel--the traditional bargain-based websites like Trevelocity and Expedia can't always meet our growing demands in regards to urge to cut costs. As a result, more smart phone apps have sprung up to help us engage in smarter comparison shopping for the best hotel and travel packages. The best thing about these apps/sites is that the information they provide tends to be the most up-to-the-hour information on hotel and hotel package offerings.  Among these apps and websites are:

BackBid - Combines the bidding process of ebay with hotel's competing for your business. How it works is that would-be travelers first create a free account at Backbid.com, then a book reservations at a hotel through your favorite website.  The customer must then forward the email with your confirmed hotel reservation to the site, and it will shoot your reservation details — minus your credit card information — to dozens of hotels at your destination. BackBid then shares with you any counter-offers rival hotels may make, such as a comparable room at a lower rate.

HotelSweep - A service site focusing on travelers who prefer staying at independently-owned properties. HotelSweep.com lists more than 50,000 known U.S. hotels, motels, and Bed & Breakfasts. One of the perks of the site is that it lists mom-and-pop properties — places that generally aim to attract budget-conscious travelers, but are too small to afford the costs of being listed with multinational travel agencies. Users inpute their destination information into the site's "direct hotel search" tool, and it will produce a list of properties, which you can sort by nightly rate or distance from a particular location.

DealBase - An online source of objective information regarding advertised hotels, hotel packages, and prices.  What DealBase.com does is that it sifts through each package for its true value. What you would do is log onto the site, and input your the hotel package information at your destination, then click on the listing for a breakdown of the estimated costs of the package's components. (The site even publishes a list of the "worst" hotel deals.).


Room Key - For those wanting the most practical, most simple lodging information.  Room Key.com limits its selection to the more well-known hotel and motel chains, eliminating most of the uncertainty about untried and relative known lodgings.  They focuses on seven hotel chains: Best Western, Choice Hotels (Comfort Inn, Quality Inn), Hilton, Hyatt, InterContinental (Holiday Inn, Crowne Plaza, Hotel Indigo), Marriott and Wyndham (Howard Johnson, Ramada, Days Inn, Super 8), listing them in its search engine and displaying most of the pertinent information related to the amenities each particular facility offers.  And speaking of amenities...

Room 77 - For travelers whose priority is a room with the most amenities. Room 77.com offers a search engine which researches room-by-room amenities and floor plans for hundreds of 3- to 5-star hotels in about 30 North American, European and Asian cities. Searchers can find, for instance, what window view a particular room offers, as well as detailed information on any suites within the hotel. It also offers the ability for the searcher to book a particular type of room.  Travelers who book through this site have the advantage of using the site's free "room concierge" feature, in which it contacts hotel managers on a guest's behalf to request a room matching his or her preferences.

These are just a few of the most recent apps and websites dedicated to helping the consumer take better control of their vacation and lodging-related spending, without a minimal amount of additional strain to their budgets.  For other travel sites, watch the embedded video spotlighting these and other apps.  Or, as I always stress, perform your own due diligence when it comes to looking for the best offers--shop around!

Tuesday, January 22, 2013

Healthy Eating & Long Term Savings!

If you’re a regular reader to Beyond Dollars & Sense, then you know that this blog is about personal finance and money-saving tips. So as you read this posting, you might be asking yourself what does healthy eating have to do with saving money? Well, the answer’s rather obvious; eating better saves trips to the doctor’s office. It also limits the incidence of ailments we might attribute to “aging” instead of where many of the physical debilitations we experience come from as we get older…our diets. I got the idea for this peace, not from my own healthy-inspired diet, but from deleting old programs from my DVR. One of these programs was a piece from a PBS (Public Broadcasting Network) offering airing sometime last year called “The Blood Sugar Solution with Dr. Mark Hyman.” Something about the title made me decide to watch it before deleting it from my cable box.
 As I watched it, I realized that many of the health suggestions he had offered as an alternative to the high sugar diets we are accustomed to here in America—responsible for many of our obesity epidemic—I had already been enacting in my personal life. I find that I have much more energy for my workouts, as well as just feeling better knowing that I am not clogging my arteries up with MacBurgers and/or candy.
What I decided to do was to transcribe the words and thoughts of Dr. Hyman’s suggestions during this program as I re-watched the more relevant segments of his PBS special. The crux of Hyman's thesis is that the American addiction to sugar--the processed bran--is the source of many health issues we experiences. He puts forth a new ethos of thinking insomuch as personal health and eating practices.
My personal suggestion is that enacting these practices in your personal life can’t hurt; you will definitely feel better, healthier. And it’s a sure bet that you will indeed save money in potential visits to the doctor’s office.

Check your insulin, not just your blood sugar (insulin is the fat-storage hormone). Check your cholesterol (ask for the NMR test, a newer more accurate cholesterol testing available). Learn to eat your medicine.
Food is the best medicine, I don’t just preach it, I live it.

In addition, Dr. Hyman's "Blood Sugar Solution" serves up some absolute starters one needs in order to kick-start a healthy diet (and potential heath care savings).

Dr. Hyman's 10 rules for eating healthy for life.

1. Don’t eat foods with a label. Avoid foods in a box, package, or can.

2. If a food has a label, it should have fewer than 5 ingredients. Beware of food with health claims on the label. They are usually bad for you (usually, not always. Use clear judgment on this one; the label of ingredients should be the deciding factor).

3. Stay away from those deadly white powers (sugar, flour, etc. As any good nutritionist worth their title will tell you, bleached foods are not overly healthy for you). They function like sugar in the human body.

4. Throw out any food with “high fructose corn syrup” on the label. This is the main ingredient in what Dr. Hyman calls, “liquid calories” (the calories we ingest should not have their source in liquids because they are usually sugar-based. This is the number one cause of obesity in America). Don’t drink your calories. They will pour on the pounds.

5. Throw out any food with the word hydrogenated on the label (an indicator of trans-fats).

6. Throw out or do not use any highly-refined oils such as corn or soy oils. And avoid any fried foods. Instead, use olive oil (my personal favorite) and/or coconut oil.

7. An old standard…avoid any foods with ingredients that you either cannot pronounce or no not recognize. They are usually chocked full of chemicals.

8. Another old standard (that people seem to forget)…avoid foods with preservatives, additives, colorings, dyes, or “natural” flavorings such as “MSG (Monosodium Glutamate).

9. Avoid foods with artificial sweeteners of any kind (they make you hungrier, as well as slow down the metabolism). Not a great strategy for weight loss; even I knew this one (ever notice how people who drink “diet” sodas tend to purchase or drink more of them?).

10. Try to stick to plant-based foods. One tip to remember: shop around the perimeter of a supermarket. This is where most of the more natural (i.e., “real foods”) are located. The aisles tend to be the location of processed foods.

Dr. Hyman suggest that we have plenty of other healthy eating options (since, after reading the list you no-doubt think there is hardly anything else left to eat). He suggest that natural sources of carbohydrates such as vegetables, fruits, seeds, nuts (where I also get sources of protein, along with tofu), while grains, or beans. He also suggest eating foods with more natural (a relative term to be sure with a non-meat-eater like myself) sources of proteins such as (again) beans, nuts, lean chicken, and fish (with the latter, do your research to make sure it’s not a species of fish prone to retaining man-made substances found in water such as mercury. My personal favorite is salmon, which as high in Omega 3’s “good fats”).
Finally, he says that that we are consider foods that contain “slow carbohydrates,” sources of natural energy that rise slowly in the human body, not cause metabolic “spikes” such as processed sugars. These include brown rice, quinoa, and sweet potatoes.
 Watching this special again, I picked up something else that’s a potential money-saver; the timing of when we eat. When we eat in the mornings, we are less likely to eat heavy meals during the day (I myself am guilty of the opposite. I only just started eating in the mornings during the last 2 weeks…and I find myself more able to resists buying snacks, even healthy ones, later in the day…a known budget-buster). Eating later or at night forces our bodies to store calories instead of burning them—one of the reasons I sandwich my workouts both just as I wake up and just before I head to sleep.
Eating healthy in one of those areas in life where we don’t think to consider how it can save us money. But in pretty much the same way that something as simple as deleting old television programs can lead to inspired thinking, eating healthy can lead to bigger deals, and bigger long-term savings in a time where health care costs are rising…and where it becomes fiscally necessary to save a buck where we can, any way we can.

Monday, January 14, 2013

Target Looks To Win More Customers With Price-Matching

Over the last Christmas spending season, the Target store chain enacted a policy of matching the prices of its most noteworthy competitors (read: Wal-Mart) in an effort to attract more customers. And despite the fact that this policy didn’t attract the numbers it sought after all of the post-holiday tallies, the retail chain announced last Tuesday that it would begin matching competitor’s prices all year round. According to a recent news release,

“it has decided to keep the bargains coming on a steady basis by matching prices found on the websites of its most important competitors: Amazon.com, Best Buy, Wal-Mart and Toys “R” Us (See:  "Target to match prices year-round of rival retailers Walmart, Amazon, Best Buy and Toys ‘R’ Us" ). 

This means that if you purchased a “qualifying item” at Target, the retail chain will match the price from Amazon.com, Wal-Mart, Best Buy, or Toys “R” Us’s print ads, or from their online stores. Additionally, Target has said that it would “match its own prices if a consumer buys a product in a Target store and then sees it at a lower price in the following week’s Target circular.”
This policy is the latest in a rough-n-tumble fight among the major retailers to claim a share of consumer market where we are forced to save as much as possible when making a routine purchase of any kind. However—yes, there is always a “however” when looking for the best deals—Target tends to stock specialty and exclusive brands which are only sold at the chain’s 1,700 stores, such as its current Target + Neiman collection (a partnership with luxury apparel chain Neiman Marcus). This means that you as a savvy shopper are going to have to put in some work in order to find an item that you can actually buy at a lower price after the comparison shopping.
For example, if you are looking to purchase a Playstation 3 video gaming system, Best Buy’s online store has the basic system priced as $299 (Current Listing). However, the PS3 at Target's online store is listed at the same price, but comes in a “bundled” package that also includes a copy of the hit video game Assassin’s Creed as well as a 30-day trial membership in Playstation’s “Plus” online gaming network (Current Listing).
The upshot is that despite Target's attempt to beat out competitors by way of price-matching, this does in no way mean an automatic savings for shoppers.  It still means that in order to find the best deals, you will have to continue to do what the most savvy of shoppers have always done...comparison shop!

Friday, January 4, 2013

The 52 Week Savings Challenge!

I often recall as a child in elementary school the times some of my teachers would tell me that “if you took a penny, doubled it for the next 30 days, by the end of the month, you will be a millionaire.” From all indications, this seems to be a true statement. In fact, the math works out something like this:

Day 0 .01 
Day 1 .02 
Day 2 .04 
Day 3 .08 
Day 4 .16 
Day 5 .32 
Day 6 .64 
Day 7 1.28 
Day 8 2.56 
Day 9 5.12 
Day 10 10.24 
Day 11 20.48 
Day 12 40.96 
Day 13 81.92 
Day 14 163.84 
Day 15 327.68 
Day 16 655.36 
Day 17 1,310.72 
Day 18 2,621.44 
Day 19 5,242.88 
Day 20 10,485.76 
Day 21 20,971.52 
Day 22 41,943.04 
Day 23 83,886.08 
Day 24 167,772.16 
Day 25 335,544.32 
Day 26 671,088.64 
Day 27 1,342,177.28 
Day 28 2,684,354.56 
Day 29 5,368,709.12 
Day 30 10,737,418.24 

Sadly though, I don’t know of anyone who has successfully proven this in the real world (rather than the mathematical abstract world). And unless you are able to find a well-heeled sponsor, I wouldn’t make book on seeing it in action in the near future. However, I recently received a similar, much more possible proposition (via our Facebook page) that could go a long ways toward helping the daring save money, especially as this is the start of a new year. Let this proposition be your New Year’s budget resolution. You wont be a millionaire at the end of the year, but you will be a few pennies wiser, and on your way to developing the discipline to engage in an even more aggressive savings regiment.


Click on the chart to enlarge

Wednesday, December 26, 2012

Where To Find Post-Christmas Bargains...



It's the day after Christmas 2012, and if you're like me, you are looking for the post-Christmas Day bargains that you weren't able to find prior to the biggest spending occasion of the year. And being early morning as I write and post this piece, you are probably chomping at the bit to dash out the door to hit the ground running to look for bargains. According to retail industry experts, many retailers have already begun slashing the prices of in-stock merchandise in preparation to make room to seasonal inventory. That's a boon for customers looking for deep-cut bargains.
Taking some time to search the 'net will pay for itself insomuch as bargains. Sites like Afterchristmas2012.com are a good start.
In addition, I have taken the liberty to post whom has, and where to find the best after-Christmas Day bargains.
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Target is also offering great deals on Christmas day online along with their after Christmas sale. Target is giving away a $10 gift card when your purchase is $75 or more. This store has deals in all their departments with an emphasis on electronics with great deals on all the gadgets you might have wanted for Christmas, but didn’t get.
Target: Promo code for your $10 gift card is XMASGIFT (this is good for online only).

Best Buy is also making preparations to get in on the post-Christmas sales rush. The troubled electronics retailer is featuring several big deals, including a bargain on the Galaxy Note II, which is dropped in price to $249.99 when you sign-up for a two-year activation. Best Buy is rolling out all types of sales and deals for the day after Christmas both in the store and online. This sale starts on Dec. 26, and continues for four days. In addition to the bargains being offered by the major retailers, bargain-hunters can get even more possible savings by searching out coupons and/or promotional codes.

Kohl’s department store is offering Gold star clearance items at between 60-80% off.

Amazon.com is boasting 60% off select books (my personal favorite past time) titles.

Gordon’s Jewelers is hosting up to 70% off on clearance items – plus an extra 20 percent off if you buy online More than 1,000 pieces have been discounted for this sale, including engagement rings.

In addition, sites like Coupons.com tend to have a line on coupons which can be printed out and used in many online and brick-and-mortar retailers.
Naturally this isn't an exhaustive list of after-Christmas deals.  However, it does illustrate the point that taking a few moments to research where the best deals are can save both money and the wear-and-tear on the seat of your pants as you kick yourselves for spending more than you should.

Friday, November 16, 2012

Interview: A Military Boot Camp For Your Money

Service members are known for their discipline and their ability to stay cool under fire. Veteran and financial planner Steve Repak says those skills are crucial to managing everyday finances. Yesterday on National Public Radios's Tell Me More, he speoke with host Michel Martin about his book, "Dollars and Uncommon Sense: Basic Training for Your Money." Listen to the short program below (even I learned a thing or two).

Monday, October 15, 2012

Time To Think About Cold Weather...And Heating Bills

The seasons are changing…again. The days are getting shorter and the nights colder. That means our furnaces and space heaters will be getting more of a workout. It also means that we can expect to see an increase in our utility bills as a result.
This is the time to begin thinking about saving money on those utility bills. Even if money is an issue when considering ways to cut down on your energy bills, there are upgrades which you can do yourself for less than $50 dollars each.
One of the best ways to stop cold drafts from sucking the heat out of your home is the buy a door sweep (I love these things). These handy little items attach to the bottom of your door to keep the cold air out, and the heat in. Door sweeps come in different variations, including those that attach with screws and those with self-stick adhesive backs. If buying one of these is financially problematic for you, consider attaching a thin piece of rubber to the door base; it has the same effect.
To stop air from seeping of your fireplace and out of your home, use a chimney plug. These simple, air-filled items usually average around $50 dollars in cost, and only take a few minutes to inflate and install.
Lighting is another area to cut energy costs. Newer, more energy efficient “green” light bulbs can now outlast the more traditional iridescent bulbs by a factor of 10, and can cut your lighting cost by upwards of 75%. Florescent bulbs, although not as environmentally friendly also have the same effect…more lighting for half the costs. Other efficient options include CFLs, LEDs and halogen bulbs.
An old trick my father used to do was to wrap a blanket around the hot water heater. This old trick helps make your hot water heater run more efficiently. You can actually purchase a “hot water ‘blanket’” from a hardware store for around $20 dollars. It’s almost idiot-proof to install, and helps to keep the water inside the tank warm, which means the water heater won’t have to work as hard.
These small investments will yield big returns when it comes to your utility bills. Taking a few minutes to think about and prepare for the colder weather now will save you a headache of a bill (or bills) later.

Friday, September 21, 2012

Video: The Best Times to Buy, Sell, & Save

This morning on CBS' Morning Show, author Mark DiVinchenzo was interviewed about his new book, "Buy Shoes on Wednesday and Tweet at 4:00: More of the Best Times to Buy This, Do That and Go There." In his book, DiVinchenzo reveals little-known optimal times consumers can maximize both savings and services as they seek make the most of their hard-earned dollars. In the video (below), he gives viewers a sample of the ways by which they can save as they shop around.