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123 Ways To Save Money Finance Bloggers Share Their Tips
Money Life and More ^ | 1-1-14 | Lance Cothern

Posted on 01/18/2014 6:27:19 AM PST by RKBA Democrat

Edited on 01/18/2014 5:37:14 PM PST by Jim Robinson. [history]

Saving money is a great first step to turning your finances around. This resource shows you 123 ways to accomplish that goal. For this resource, saving money is considered putting more money in the bank or investment accounts, spending less money on things you already pay for, increasing efficiency to spend less money later and other tricks to either spend less money and/or put more money in the bank over the long run.


(Excerpt) Read more at moneylifeandmore.com ...


TOPICS: Business/Economy
KEYWORDS: budget; personalbudget; personalfinance; savingstips; survivingsocialism
OK folks it's another of the soon-to-be-infamous Surviving Socialism Lists of Money Saving Tips.

If you have a money saving tip, please leave a tip. The money saving tips that FReepers leave on these threads are usually far better than anything I can find on the web.

1 posted on 01/18/2014 6:27:19 AM PST by RKBA Democrat
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To: freespirited; oblomov; Jet Jaguar; wastedyears; nascarnation; Henry Belden; petercooper; ...
Surviving Socialism Pinglist
Stories and tips with a financial emphasis to help conservatives SURVIVE and prosper during difficult times.

To be added or taken off this list, please send a FR mail to RKBA Democrat. FAIR WARNING, I'm one of the worst pinglist administrators on FR. I ping infrequently then I ping a lot. I forget to add people to the list. I disappear for months at a time when I get fed up with politics. But I do try to make sure that the articles pinged are worthy of your time. If you have an article tip, please send me a FRmail. Search the keyword "survivingsocialism" to see previous articles and pings.

2 posted on 01/18/2014 6:28:33 AM PST by RKBA Democrat (Having some small say in who gets to hold the whip doesn't make you any less a slave.)
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To: RKBA Democrat

Here’s an extra tip: if you have one of the large cell phone companies, look into a cell phone provider that is on the same network and pay them a lot less for essentially the same service. Here is a link to an article that gives a pretty good list of providers:
http://science.opposingviews.com/cell-phone-providers-use-verizons-network-17892.html


3 posted on 01/18/2014 6:35:41 AM PST by RKBA Democrat (Having some small say in who gets to hold the whip doesn't make you any less a slave.)
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To: RKBA Democrat

Surviving Socialism means Saving our Freerepublic.

PLEASE DONATE Skip one latte today and pledge to the freepathon. We need this site more than ever.


4 posted on 01/18/2014 6:43:19 AM PST by outofsalt (If history teaches us anything it's that history rarely teaches us anything.)
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To: RKBA Democrat

How about doing a little math.

If you can reduce spending by 5 dollars a day every day, at the end of one year, you have about 1800 dollars, at the end of 10 years, you have 18,000 dollars extra.

It is almost like getting a free car every 10 years.


5 posted on 01/18/2014 6:47:10 AM PST by staytrue
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To: RKBA Democrat

When you decide to do your estate planning get an expert, TIE EVERYTHING UP IN TRUST FUNDS! Gets around probate, stops one of your listed Beneficiary’s from having the money you left them being an asset, thus vulnerable to having the money taken if they ever get into a lawsuit situation. We just went through this, easy to do, little expensive, but I consider it money well spent, because of all the protections in it and NO PROBATES. Have 3 different ages of trustee’s listed.

This is especially important if your are a blended family remarried Seniors.


6 posted on 01/18/2014 8:56:29 AM PST by GailA (THOSE WHO DON'T KEEP PROMISES TO THE MILITARY, WON'T KEEP THEM TO U!)
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To: RKBA Democrat

Please add me to this list, really appreciate it!


7 posted on 01/18/2014 9:27:05 AM PST by GizzyGirl
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To: RKBA Democrat
My best tip (don't know if it was on the list), don't use a debit card/atm card. If the cash isn't in your wallet the need for something is not that great.

Use a checking account with actual paper checks. It will force you to see what you are spending your money on.

8 posted on 01/18/2014 10:30:27 AM PST by wmfights
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To: RKBA Democrat

Great topic. Some good advice on that list.

I have teenage sons, but I was able to cut our family’s gas, grocery, clothing, and miscellaneous spending in HALF over the last year by doing some of the things on that list. (Of course, it helped that the biggest spender in the house moved out). This is probably going to sound pathetic, but here’s exactly what I did to get the spending under control:

* First I set a monthly budget that was ONE-FOURTH less than what our family had been spending in gas, groceries, clothing, and miscellaneous.

* I always shopped for the best deals. But now I keep a weekly list of everything on sale and where to buy things at the best prices, and I stock up.

* We stretch out the leftovers and don’t waste anything.

* I stopped buying snacks like granola bars. Now I bake everything from scratch. (It turns out, baking bread does not save money, though.)

* We stopped buying food out so much. Instead, since I needed more help around the house, I started paying my sons each a small allowance and told them to use their allowance money if they want to buy food out somewhere. They quickly became budget-conscious, too. I recorded their allowances as part of the spending.

* Shopping for the best deals on clothes, and only buying clothing if it’s absolutely needed or there’s an unbelievable sale, usually after-season - for example, I’ve bought brand-new shirts for as low as 50 cents each.

* After all that, our spending was cut by more than one-fourth. But I wanted to cut the spending even more. So, for a couple of months, I kept track of every penny by recording everything we spent in a book.

* I found out gas was eating most of our money. Now I don’t fill the tank. I just buy what we need to drive from point A to point B. (That’s probably BAD ADVICE, but in my case, when I fill the tank, I tend to drive more.)

* Next thing I knew, our spending was cut by ONE-HALF. :-0

Anyone else have more advice?

If anyone has any creative ideas on EARNING money from home, please share them!


9 posted on 01/18/2014 11:04:52 AM PST by Tired of Taxes
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To: staytrue

“If you can reduce spending by 5 dollars a day every day, at the end of one year, you have about 1800 dollars, at the end of 10 years, you have 18,000 dollars extra.”

That’s a good point, and I’d argue that saving $5 is usually better than earning $5 because of taxes and the added unwanted attention that earning income tends to bring.


10 posted on 01/18/2014 11:20:32 AM PST by RKBA Democrat (Having some small say in who gets to hold the whip doesn't make you any less a slave.)
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BOOKbump


11 posted on 01/18/2014 11:27:37 AM PST by S.O.S121.500 (Had Enough Yet ?............................ Enforce the Bill of Rights............ It's the LAW !!!)
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To: Tired of Taxes

“If anyone has any creative ideas on EARNING money from home, please share them!”

I’ve been keeping an eye for articles on that. Unfortunately, most are work-at-home scams. In the next few weeks I intend to send out a note and tha’ll be one of the things I bring up.

If you search under keyword “survivingsocialism” you can see some other threads with a lot more money saving ideas. This one hasn’t gotten much traction. :-(


12 posted on 01/18/2014 11:31:51 AM PST by RKBA Democrat (Having some small say in who gets to hold the whip doesn't make you any less a slave.)
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To: RKBA Democrat

Thanks for the tip. Maybe this thread will get more traction later on. I’ve been enjoying your ping list, by the way. It’s very helpful.


13 posted on 01/18/2014 11:47:57 AM PST by Tired of Taxes
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To: wmfights
if the cash is in your wallet the need is not that great. Use a checking account with actual paper checks

I've eliminated about half of that list by using cash. I take out a certain amount every month and get the once-a-month purchases done. I take the money out at the end of the previous month so I can take advantage of sale prices. The money is for everything but major expenses, and I've purchased the necessities for the month. So, when the money is gone, it's gone.

Two things stopped immediately with this system. Designer beverages are just too darn expensive. The other thing is food....I never buy food without knowing that it will be eaten and that it has a nutritional purpose.

14 posted on 01/18/2014 12:03:24 PM PST by grania
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To: RKBA Democrat

Wow! Ping for later...


15 posted on 01/18/2014 12:46:38 PM PST by Albion Wilde (The less a man knows, the more certain he is that he knows it all.)
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To: RKBA Democrat

I’m surprised to see so few responses here.

I’ve been taking advantage of WalMart’s $4 prescriptions. I have no clue how they can afford to sell them so cheap. If I got a generic for the synthroid I take with my insurance, I’d pay $25.

I also make laundry detergent - it’s easy, cheap, is made from easy to get ingredients, and works in HE machines (is low sudsing). I’ll try dishwasher detergent next but I still have a large supply of tablets to use because of some great coupons some time ago.


16 posted on 01/18/2014 3:47:26 PM PST by yorkiemom
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To: Tired of Taxes
(It turns out, baking bread does not save money, though.)

I calculated a loaf of white bread to cost $0.50 to bake and whole wheat $0.75 if I grind the wheat berries. What numbers did you come up with?

Around here, bread at stores are at least $2.50, over $3 for name brand stuff. Of course, if I can find name brand bread at the 99 cent store, that's a great deal and i'll get it there ;)
17 posted on 01/18/2014 3:54:42 PM PST by yorkiemom
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To: Tired of Taxes

Oh btw great job on your thriftiness. I didn’t mean to only nitpick one statement you made!


18 posted on 01/18/2014 3:55:52 PM PST by yorkiemom
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To: yorkiemom

I love this! I knew someone could give me advice on the bread. :-)

Well, my first mistake was that I was using a bread machine. A friend who’s an electrician pointed out that the wattage alone would make it cheaper for me to just buy the bread on sale.

But, even without the machine, the cost of yeast alone came to 33 cents minimum per loaf; then with the flour and the other ingredients, I was spending as much baking the bread as I would have if I’d bought it.

Anyway, now we have a new favorite bread that goes on sale for $1.84 now and then (down from $3.99). Currently there are five loaves of it in our freezer. But if I could bake a loaf for 50 or 75 cents... I would love that.


19 posted on 01/18/2014 4:27:32 PM PST by Tired of Taxes
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To: Tired of Taxes

Isn’t it nuts that a loaf of bread is $4 now? My favorite sourdough is about that much and I refuse to spend that kind of money!

I get the pound of yeast (or maybe it is 3 pounds, I’ll have to check but it’s at least a year or two’s supply!). If frozen, it’ll last at least that long. Those little packets are pricy - I imagine that was what you were calculating in.

And the flour I get for $1.50 a pound. 3 cups of flour makes one loaf so I get about 4 per pound of flour. Adding in only the yeast and a bit of oil and salt, I guestimate about 50 cents. Of course, adding in more ingredients just costs more too. I never added in the natural gas cost (to heat my oven).

$1.84 for something you like and without the time spent on it is a good deal, IMO. I enjoy baking bread for friends and they seem to enjoy getting a loaf now and then, so I do it more as a hobby than to save money. (In the winter, that is. In the summer around here, I can’t turn my oven on or the electric costs for more A/C will kill me!)

I look forward to seeing more of your tips on these threads!


20 posted on 01/18/2014 4:43:59 PM PST by yorkiemom
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To: yorkiemom

flour - I mean $1.50 per 5 pound bag....


21 posted on 01/18/2014 4:45:12 PM PST by yorkiemom
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To: yorkiemom

You’re right - the packets are pricier. I stuck with the packets because there’s another ingredient added to the yeast in jars, and I wasn’t sure about it at the time. Now it’s good to know we can buy that much yeast in bulk and keep it frozen.

Yeah, I probably was adding too many other ingredients to the bread - oat bran, whole wheat pastry flour, etc. That was driving up the cost, too.

I hope I didn’t come across as someone who thinks I can give tips on saving money. I’m here to learn. I just did what I did out of sheer desperation... lol. ;-)


22 posted on 01/18/2014 5:01:41 PM PST by Tired of Taxes
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To: Tired of Taxes

I just took up baking bread. I started with sourdough. If you keep the starter fed, you don’t need yeast. I’d say the cost for 2 loaves is about 80 cents plus elecricity for the oven.

Also, I’m a beer brewer. That means I’m up to my eyeballs with yeast.


23 posted on 01/18/2014 5:31:28 PM PST by RKBA Democrat (Having some small say in who gets to hold the whip doesn't make you any less a slave.)
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To: RKBA Democrat

I never tried to make sourdough bread. It does sound like it would be cheaper to make.


24 posted on 01/18/2014 5:41:07 PM PST by Tired of Taxes
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To: RKBA Democrat

BUMP!

My goal for 2014 is to NOT use credit for anything and to put every spare DIME towards my farm mortgage. I know pretty much all the tricks in the book for saving money but this was a good refresher, so THANKS! :)


25 posted on 01/19/2014 7:12:05 PM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: RKBA Democrat

There are a couple of things that will be more valuable to folks than that entire list.

1. Make your shopping lists (grocery, etc.) before the month begins, then be disciplined enough to not buy any item not on the list.

2. Use these lists to forecast the total cost for the month and then get all the cash you need in a single ATM transaction.

3. Put this cash in an envelope labeled for the specific purpose (gas, grocery, etc.)

4. When the cash is gone, then you must stop spending! However, you will improve your forecasting over time and figure out the right amount of cash you need.

5. Spend every dollar you make on paper before the month starts. The final category should be payoff debt or savings. Do not allow any variance to this spending plan.

If you follow these simple strategies, you will “feel” like you got a raise of about 30%!


26 posted on 01/21/2014 10:34:57 AM PST by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: RKBA Democrat

The single best cost reduction action that I found is to simply unplug everything in my house, excluding the most necessary items. For example, I unplugged the mircowave, coffee pot, washer/dryer, and extra TV. I left the referigator, stove and cable box plugged in.

I compared the KwH usage on the next bill and found that the reduction was 66%. I was shocked! In fact, I thought that I had made a mistake, so I plugged everything back in the next month and re-did the benchmark. I ended up verifying the reduction of 66% in KwH usage.


27 posted on 01/21/2014 10:44:24 AM PST by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: Diana in Wisconsin

“My goal for 2014 is to NOT use credit for anything and to put every spare DIME towards my farm mortgage.”

You can do it! There’s nothing cuter than a debt free chickadee! (sry, couldn’t resist.)


28 posted on 01/21/2014 10:50:49 AM PST by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: GizzyGirl

Done!


29 posted on 01/25/2014 2:52:41 AM PST by RKBA Democrat (Having some small say in who gets to hold the whip doesn't make you any less a slave.)
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To: RKBA Democrat

Cut the cable, fire the wire.

Do something useful with your time instead of staring slack jawed at the telescreen for hours at a time.


30 posted on 01/25/2014 3:02:50 AM PST by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: Fresh Wind

“Cut the cable, fire the wire.”

Amen to that. I forget that people have cable TV....I never have.


31 posted on 01/25/2014 3:04:40 AM PST by RKBA Democrat (Having some small say in who gets to hold the whip doesn't make you any less a slave.)
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To: RKBA Democrat

By now, I have now deprived Comcast (owner of MSNBC) of over $1200.

TV is junk food for the mind (especially reality shows).


32 posted on 01/25/2014 3:12:29 AM PST by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: grania
Weigh that option carefully.

Carrying cash leaves you susceptible to the “knockout game”.

Your option may be shooting someone.also very expensive even of you're 100% in the right.(bail,lawyers,etc)

33 posted on 02/12/2014 12:05:36 PM PST by TurboZamboni (Marx smelled bad and lived with his parents .)
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To: TurboZamboni

re: carrying cash. I’m pretty careful where and when I shop and walk, and I don’t carry a pocketbook.


34 posted on 02/12/2014 12:09:35 PM PST by grania
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