Showing posts with label finances. Show all posts
Showing posts with label finances. Show all posts

Sunday, June 22, 2014

Ways to Be a Smart Shopper


 

What makes a person a smart shopper?  Smart shoppers are people who know how to stretch a dollar and how to find the best deal.  They use coupons, discounts, and store deals in order to save money.  They are not swayed by fashion or economic trends.  So, how do you become a smart shopper?  Simple.  Use the following strategies and watch your savings add up.

  • Have a budget and stick to it

One of the main things that a smart shopper knows is to construct a shopping budget and then stick to it.  A budget will let you know how much money you can afford to spend during your shopping trip. Having a budget will also help prevent any impulse spending.  By being able to look at actual figures, you will be able to stay more focused on your goal of saving money while getting the things that you really need.

  • Plan a menu

A smart shopper also knows that menu planning can help them save money and prevent food from spoiling.  Check your pantry and refrigerator. Then, plan your menu around the foods you already have.

  • Have a list

How many times have you headed off to the store with a product in mind that you needed to buy only to realize that you forgot what it was once you got there? Before heading out to the stores, a smart shopper will have a detailed shopping list and know where it is at all times during their shopping trip. They will also use that shopping list religiously.

  • Check sales papers

An important rule of money saving is to check sales papers.  Never, never go shopping without checking the sales papers first.  There is nothing more heartbreaking than to purchase an item at one store only to find out after you get home that the item is on sale at a store only a few blocks away.  Be sure that you have a plan when you go into the store. 

  • Shop according to the seasons

Shopping according to the seasons will save you tons of money.  The first of fall is the time to purchase all of your summer clothes, patio furniture, and barbeque grills. The first of spring is the time to stock up on coats, sweaters, and other winter gear.  Stores drop the prices on these out of season items in order to make room for the new season’s stock.

Food items also follow a seasonal trend. January is diet month and all cereals and other healthy living items go on sale. Vegetables like broccoli and cabbage are also at their lowest prices. The end of June and the first of July are the best times to stock up on items like barbeque sauce, ketchup, mustard, hot dogs, and other Fourth of July items.  Strawberries, tomatoes, and watermelons are at their lowest price. Learn which foods are in season and center your meals around them because they are at their cheapest.

  • Buy nonperishable items in bulk

Buy nonperishable items like toothpaste, dish detergent, bathroom tissue, and paper towel in bulk when they go on sale. Evaluate your storage space and try to purchase as much as your budget will allow.  Try to get enough to last for several months. This way, you will not have to purchase the item again until it goes back on sell.

A smart shopper also knows that he or she can purchase large quantities of milk, cheese, and bread.  Each of these items can be frozen.  When purchasing large quantities of milk, remember to remove about a cup and a half from the container.  Slim and low fat milk freeze best.  It is also advised that frozen milk be used for cooking and not for drinking because the components may separate when the milk is frozen.

  • Eat before you shop

A smart shopper knows not to go shopping while hungry.  When you are hungry, you are more prone to give in to impulse buying.  Your hunger will drive you to purchase food items that you don’t need.  A smart shopper knows to eat or grab a simple snack before hitting the stores.

  • Use discounts

Strategic shoppers will grab any discount that they can.  There are tons of discounts available like senior citizen discounts, frequent shopper discounts, military discounts, and student discounts. Always take advantage of these shopping discounts.

  • Use loyalty cards

Store loyalty cards are a must for the smart shopper. The savings may not be much in the beginning, but they do add up. You can receive discounts on prescriptions, groceries, and gas. The money you save by using loyalty cards can be used for other purchases. 

  • Shop alone

Make it a point to shop alone.  Shopping with children or friends can interfere with your money saving strategies. Children can cause you to make unnecessary purchase, and friends can be a distraction unless your friends have the save money-saving goals that you do.

  • Shop later in the day or very early in the morning

Smart shoppers know that things are cheaper at certain times of the day. The best times to shop are early in the morning or at night.  The meat department will mark down meat that is nearing its expiration date late in the evening.  A smart shopper will grab these mark downs and head for the freezer. They also know to cook the meat as soon as possible.  The bakery will also mark down baked goods that did not sell that day.

  • Use coupons

For a smart shopper, coupon use is not just a fad, but a way of life.  Coupons can be used to purchase groceries or other items at a lower price, and if used strategically, they can even make some products free. 

Coupons can be found in the newspaper and on social networks.  Some companies offer coupons and promotions on their products, and all you have to do is visit the companies' websites, sign up, and check for valuable coupons. There are also coupon clipping services.  These services will locate and clip coupons for you. Many new products often have high value coupons on them called peelies or right next to the product.

Smart shoppers know how to find a deal.  They study store sale circulars, use coupons, and shop seasonally. 

How College Students Can Eat Healthy on a Limited Budget


 

College can be fun, and it can be expensive. It may seem hard to stick to a healthy diet while living on a limited budget.  However, with a little smart planning, you can purchase food that is good for you and easy on your wallet.

#1:  Check your cabinets

Before heading out to the grocery store, be sure to check to see what you already have in stock.  Do not buy unnecessary items. This simple step will keep you from wasting money at the grocery store. 

#2: Hunt for Coupons

Coupons have become a popular and cost effective form of currency.  They can help to lower your grocery bill, and all it takes to get them is a copy of the Sunday paper. Coupons can also be found on social network and the different company websites. Many companies offer coupons on their products.  All you have to do is sign up and start receiving coupons.

#3: Buy in season

Fruits and vegetables are an important part of any healthy diet.  In order to save money while sticking to a healthy diet, it is essential to buy fruits and vegetables while they are in season.  They are cheaper when they are in season.  Learn which fruits are in season. Then, plan your menu and make your purchases accordingly.

#4: Wait for a sale

Sure, it may be hard to hold off on buying your favorite yogurt or sports drink, but it is always best to wait for a sale. Check store sells and keep up with the prices at several different stores by collecting the sales circulars.  By keeping up with the circulars, you can determine who has the lowest price on your desired purchase.

#5: Buy in bulk

When an item you eat on a regular basis is on sell, buy it in bulk as long as it is not a perishable item. Try to purchase enough to last for three depending on the amount of space that you have in your dorm or apartment. By purchasing an item in large quantities, you will prevent having to buy it again until it goes back on sale.

#6: Plan ahead

Before heading to the store, have a detailed plan of what you will buy and what coupons or discounts you will use. This will save you time and money. A detailed list and organized coupons will prevent you from having to search for the coupons, and stop you from overspending.

#7: Eat less meat

Although most people plan their meals around meat, it does hurt to go meatless for at least one meal.  Most meats are also high in fats, and consuming too much can be unhealthy. 

#8: Leftovers

Wait! Before you throw out the uneaten portions of last night’s meal, try putting it up to be eaten later.  There are a lot of creative ways to use leftover meat and vegetables. These leftovers can be used in soups and sandwiches.

#9: Water

Drink more water.  It is usually free at most restaurants, and it has no calories.  Water is also need to help keep the body hydrated and to help remove deadly toxins from your system.

#10: Grow your own

What better way to ensure that your vegetables and herbs are fresh and pesticide free than to grow your own? Plant your own garden at home or if you live in a dorm, you can use pots to plant vegetables or herbs.  You can place them in a window or on a countertop.

Just because you are away from home doesn’t mean you can’t eat healthy.  Purchasing groceries can be expensive, but a little creativity can help you eat healthy and stick to your budget.

http://www.oprah.com/money/How-to-Save-Money-on-Groceries
http://frugalliving.about.com/od/grocerysavings/tp/Save_Money_on_Meat.htm

Sunday, December 29, 2013

5 Simple Financial Moves I Plan to Make in 2014



As the New Year approaches, you may be evaluated your life and decide on changes that you want to make. Some of these changes need to be financial changes. The following are some simple but effective financial changes that I plan to make in the upcoming year in order to transform my finances. These changes may also work for you.

Set Financial Goals

The first financial step you will need to make involves financial planning. You should set financial goals for the upcoming year. These goals will not only be for the New Year, but for years to come. You should decide what you want to accomplish financially. I know that I want to start saving more money. I know that I want to build a financial foundation for my son. I also know I want to increase my income. So, even if all I want to do is build up my financial portfolio, I know I will need to sit down and think about what my financial goals are. Then, I will have to decide how much money I will need to make or save in order to reach those financial goals. And, you should do the same. Decide what you want to accomplish financial in the upcoming year.

Do an Inventory

Next, I will do a financial inventory. This will allow me to see how much money I actually have. This financial inventory will include the money I have in my checking account and any other assets that I might have.  If I had stocks, bonds, or CDs, I would include them. If you have any of these things, you will also need to include them in your financial inventory.

Prioritize

Next, I will need to decide which of my financial goals is the most important. I will need to see where I need to concentrate my efforts the most. You should also do the same.

Research

There is the hard part. In order to make financial changes, I will have to do some research. Because I was not a business major and I don’t know anything about the stock market, I will have to do some research. I need to know how to buy stocks, which programs to invest money in, and how to increase my income. Some of the ways I can do that is by attending financial workshops, taking classes, taking with other entrepreneurs, purchasing books on the topic, and even researching the information in the internet.

Pay Yourself

I must learn how to pay myself first. I have heard it said all the time, but I will admit that I rarely do it. I will need to change this habit. I will have to start with adjusting my budget to make this accommodation.  If you haven’t already, you should consider making this financial change too.

Invest

Although I don’t know a whole lot about invest, I do know it is something I want to do in the upcoming year. I also know that it will take at least $500.00 to $1, 000.00 to purchase stock. So, I will be spending some time researching how to invest and what steps I need to take to begin making money.

These are five financial changes I plan to make in the upcoming year. They may also work for you.
http://finance-yahoo.com/news/first-person-dangerous-financial-errors-youth-214200932.html
http://voices.yahoo.com/financial-steps-teens-take-now-12191111.html
http://voices.yahoo.com/five-financial-planning-tips-newbies-4224853.html