What are your favorite tips/tricks on saving money?

@wahmivy (776)
Philippines
June 9, 2010 8:17pm CST
Times are so hard, but in a way, it can be a good thing. We are forced to appreciate things more, not take anything for granted. We are also forced to be creative. Do you have any tips/tricks on being frugal? Personally, I just hardly buy anything save necessities anymore. I try to make my own stuff and recycle like nobody's business. I'm also rediscovering the use of a piggy bank, lol. You?
1 person likes this
8 responses
@Porcospino (31366)
• Denmark
13 Jun 10
Some time ago my husband and I tried to write down how much money we spent on food and other things, we were a bit shocked to see the result, and we both agreed that we spent too much on unneccesary things. We have changed our habits. We used to buy candy, chips and soft drinks several times a week, and now we only buy those things in the weekends. We have saved quite a lot of money already. We also try to buy cheap food instead of expensive food, and we have a two jars we put all of our coins. When the jars are full we take the money to the bank.
@wahmivy (776)
• Philippines
16 Jun 10
Oh, we've done the coin jar thing too and it's awesome. It's like finding out you had this extra money even if you were consciously putting it away. Same here about cheaper brands.
@puccagirl (7294)
• Israel
13 Jun 10
I also do the coin jar thing! A lot of people think it is silly, but you would be surprised when you see how much that ends up being in a few months! A really simple, yet effective way to save, if you ask me!
• Philippines
13 Jun 10
my favorite trick in saving money is to open a separate bank account that you cannot easily touch.this can be a passbook account.I am planning to open a passbook account sooner.this will help me save lots of money for my future.
@wahmivy (776)
• Philippines
16 Jun 10
Passbook accounts certainly have increased their appeal with the desire to save. :)
@maezee (41997)
• United States
9 Jul 10
I like your positive outlook on living this way; it's a refreshing change (from hearing people complain about it!) I am not 100% frugal, but in so far as clothes shopping, I shop clearance racks, although rarely buy things new. Shoes, clothes (dress and casual), hand bags, wallets, accessories, and all of that kind of stuff. I really cheap out on clothes, and I still manage to have a pretty big closet full of high-end dresses, pants, jeans, and tank tops. I shop at consignment stores usually, you can get some pretty good deals - and they often times have sales. Everything is in good shape, too. I also shop at this super ghetto thrift store near my house that you pay for clothes (and books, cds, and other things) BY THE POUND. It's $1.25 a pound. Me and friends (and my sister) also swap clothes sometime just to change it up, and because we all wear around the same sizes.
@sallyj (1225)
• United States
10 Jun 10
I try not to spend on unnecessary items. I grow a garden, try to freeze, can or dehydrate my extras.
@wahmivy (776)
• Philippines
10 Jun 10
I want to learn canning too, but I'm so paranoid about botulism and exploding bottles, lol. One of these days, I'll finally give it a try.
• Philippines
10 Jun 10
I refrain from spending! Also, all the cliches about junk, like one person's junk is another man's treasure and there's money in junk...I take them all to heart. I collect cereal boxes and turn them into scrapbook accessories so I wouldn't have to buy the expensive ones in the mall. I'm now friends with a junk shop owner so whenever I need a bit of cash, I just ring her up and she buys my collections of plastic containers, bottles and old newspapers...I get to clean up the house too.
@wahmivy (776)
• Philippines
10 Jun 10
That's so cool, being friends with a junk shop owner. It's so neat being able to recycle and save up too.
@mauricel (113)
• Philippines
15 Jul 10
Whenever it is pay day I make it sure that I put away P500.00 from my account and give it to our office cooperative for safe keeping. This will serve as my savings for the cut off. Another thing is I make it sure that I bought all my baby's supplies, pay all the bills early and other supplies at home. Whatever was left for me will be my budget for the next 15 days. Though I have a little savings still when the year end and its about time to withdraw the money from the coop, still it is a big amount after 12 months
@cher913 (25782)
• Canada
28 Jun 10
we visit the library every week (we can order books online). my hubby just got our phone service traded to our cable company. we can save about $10- a month! i shop at thrift stores for clothes and whatnot (you never know what you will find there! i can get brand new stuff there!!)
• United States
2 Jul 10
Using coupons, buying extra when the item is on sale (which I think is very important especially w/ food, because the price of food seems to go up almost every month) and only buying everyday items. The one item we will be splurging on is a dehydrator... and we will dehydrate fruit, some veggies to eat during the winter. We always seem to have one or two bananas that start going bad, and have to be used in pancakes or smoothies (never ever thrown away) but with a dehydrator, we can have banana chips all year long...same with apples...and we all love banana chips and apple slices, so no need to buy desserts! Before I splurge on the dehydrator, my DH is building a solar dehydrator and we are going to give it a try...it will limit the time we can use it, but the savings will be so worth it, if it works well. Other ways we save is to grow as much as we can in our garden, and make our own compost to keep the soil well fed for future use. I also take my boys to the library weekly to take out books and videos, and I take out books about canning, gardening etc....anything that can help us save money and become more dependent on ourselves...my DH asked me to take out a couple of books on creating solar power Every little bit helps!