Everyday Saving Tips

Feeling a tightening on your purse strings but still wanting to get out after the shut down? Here are some savings tips-it may not be thousands of dollars but the little ways do add up and you will feel better that you are saving a bit when inflation is really taking a bite out of take home pay.

1. I’ve recently found that many restaurants and services are adding a 3-5% credit and debit card fee. This should be visible in the establishment, but it is not always. So, when asked if you’re paying by cash or card, ask is there a fee to pay by credit card. If so, pay with cash. While we may understand that the business is covering their costs we the consumer are paying higher prices everywhere, not just their place of business.
2. Happy Hours aren’t just for a few drinks with friends and office mates after the work day is done. Most places include ‘happy hour’ prices on menu items. These may be smaller portions, which is probably healthier for you, but you could be saving 50% or more on your (earlier) dinner. Visit the websites or Facebook pages of places you’d like to try. You might be surprised to see Happy Hour prices at a place you might not consider paying full price for. These are happy hours.
3. Consider to pay house, car, and other insurances with as few payments as possible-best to be annual or semi-annual. There is an installment fee typically added when you pay monthly. Additionally, the premium may be slightly lower with fewer (i.e. semi-annual or annual) payments.
4. Still work remotely, if given the opportunity, even if only a day or two a week. You save on travel costs, auto wear and tear, eating out, dry-cleaning, etc. and then treat yourself to Happy Hour!
5. It goes without saying to buy in bulk. Even if you’re single, consider buying canned good and paper products.
6. Related to shopping is to buy generic products. This is a dramatic cost savings to name goods. Check the list of ingredients and make sure there is not too much filler, which could be unhealthy. Generic purchases are on the rise over the last few months (many of you may recall me talking about this) that one grocery chain (that I know of at this time because it’s a publicly traded stock) is giving more shelving space to generics.
7. Still related to shopping—make a list before you head to the store. And don’t go shopping when you are hungry.
8. Just ask if there’s a less expensive way to get the service-you might find that a particular day is slow for a business and they’d be happy to have you use their service at a discount on that day-this becomes a way for that business to advertise in a way-you tell all your friends.
9. Do you pay extra on your mortgage? This might be the time to cut back to your minimum monthly P&I payment. You can catch up later if you like.
10. Some restaurants offer: ‘kids eat free’. Be aware of the stipulations (times/dates/how many adults have to pay full price).

What are your best ways to save a few dollars?