Creative Ways to Save Money?

One of the easiest ways to save money is to pay your credit card bill as soon as you receive it, if you are unable to pay it in full. Many credit card companies calculate the finance charge on the average daily balance. When you make a payment early in the billing cycle, you have reduced the average daily balance for the month, even if you are only able to make a minimum payment.This will reduce your finance charges for the month. If you are able to pay off the balance, put the balance due in an interest bearing account and then pay the bill out of the account just before it's due (DON'T BE LATE).

This year (end of April) I decided to make a 'Christmas Treat Jar' for myself. I used a cleaned out empty coffee can and decorated it in a Christmas theme with recycled bits & bobs I found around the house: an old red slipper-sock of my son's turned inside out, a cuff top & bottom from an overstretched white sock, a few buttons and an old bra-strap for the belt! It 's supposed to look like a 'Santa coat'! :)

Beth
Silver Feedback Medal for All Time! 407 Feedbacks

September 6, 20070 found this helpful

I shop the grocery market in the reverse order they intend it to be shopped in. Most markets have you start in produce and end in dairy. It always seems like I don't have much in my cart at first so I will buy extras I didn't intend to. Then when I'm all done I have spent way more than I should have. By shopping the store in reverse, just saving frozen foods for last, I don't fall into their traps.

Monica

September 6, 20070 found this helpful

That's a great idea JoJo!! I may have to use it, if you don't mind! I've been saving little jars, glass and plastic, here and there, so have plenty I can save in, hehe. For grocery shopping (I wish I would have started this 5years ago when first getting married!) I first go to Aldi's, get all my main things I can get there, then go to the next store for name brand, or other things I can't find at Aldi's, even if I spend the same amount that I thought I would, by shopping at Aldi's, I probably save $20-30 each major trip!

I am fortunate enough to have direct deposited paycheck. I have it set-up to put $7.00 a week,or $1 a day, into a savings account. It isn't much, but at the end of the year, I have $365.00.