When
trying to keep a budget and cut costs there is a small group of friends that are
always there to help me out… membership cards and coupon. Whether its groceries
or office supplies, oil changes or admission fees, I am always looking for ways
to reduce the price of items and services. Sometimes I am able to save a
little, sometimes I save a lot, and occasionally I can either get something for
free or make money purchasing it.
No,
I am not one of those extreme coupon people on TLC although I do get a kick out
of watch that show. I simply take about 20 minutes each week and go through the
circulars, mailings, and emails that I get, clip or copy them, and put them in
an envelope. That’s it. It doesn’t take much effort at all and that basic
process, combined with the free membership cards, usually averages about a
thirty percent savings at the super market every week.
Over
the course of the year, with regard to total dollars, that is the most
significant chunk of my savings. However, there are other areas where I can save
a significant amount at a much higher percentage. The most common of which are
office supplies. Thanks to Staples, I am able to save anywhere between 50-75%
on anything ranging from printers to paper to bottled water. This is also the
place where they have paid me to buy supplies.
Again,
this is very simple and requires minimal effort. What usually happens is that
they will promote a 100% rebate offer for a product (most recently it happened
to be 4x6 photo paper). So, if you are willing to wait a month for reimbursement
they will essentially give you the product for free and credit your rewards
account for the purchase. But you can take it a step further. By utilizing a
coupon that takes a percentage off your total purchase (rebate items are not sale
items so they are not exempt) you can essentially get a rebate back for more
than you paid for the product.
Of
course, as I have previously written about, sometimes I come across free items
and free contests. If it’s free, and I don’t have to set aside time to do it, I
am definitely interested. No time, money, or effort is a great, and rare,
combination.
The
other side to this cost saving equation is where some effort is definitely
required. Usually, this is when you are looking for a specific item or brand
and you have to shop around to find the best price. There is a simple way to
ensure success: know the price match policies. You can look around and think
you found the best price but, sometimes, you may forget to check a certain
store or maybe that item goes on sale the following week. It’s a great safety
net that can put money back into your pocket.
One
last thing to remember is that while the savings on any given day or on any
particular item may not seem like much it really adds up. Keep track, a rough
estimate is fine, on how much money is left in your pocket by taking the time
to pay attention to prices and using the system to your advantage. You would be
surprised how quickly the dollars add up by simply investing a little effort
and even less time. Or think about it this way… how much are you saving during
an average week? How much time are you putting into this? With those two
figures in hand, what is the hourly rate you are getting paid?
Let
me, and all who happen to read this, know of your experiences. How do you save
money? Where do you find the best deals? What is the best deal you have ever
gotten on an item?
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