i would like to learn how to save
Heather - posted on 03/30/2009
Hi. I have a budget spreadsheet on excel set up. I'm a former accountant to a stay at home mom. It tracks all my expenses and tells me how much I have left over after all the bills are paid. As long as you know you have enough money coming in to cover what is going out then the extra should be left in savings. Or if you are specifically looking to save for something, like college, then I would open a 529 college savings plan. Good luck.
Crystal - posted on 03/29/2009
Saving is really a lifestyle and thought process change. You have to alter how you exist in some ways. I never buy things unless it's on sale unless I can't get by without it. I NEVER run out of toilet paper for example. I always stock up when there is a good deal and start hunting for more when I get down to 3 packs in storage.
I clip coupons and check sales ads each weekend. I make my list off of the ad and only buy what is on the list in the store. I freeze milk so I don't run out (it works just fine) and I only buy enough fruit to know it will be eaten - not go bad. I would rather go back and buy more than throw money away by having it go bad. I do not go shopping for "fun." I don't have fun spending money - it is a chore to me. Clothes shopping is something I have to do, not something I want to do. I always look on clearance racks first and try to get the best deal possible if I can't find something on clearance.
I argue with the cable company to lower my rates and haven't paid full price for internet and cable in 5 years. I will admit I could just cancel expanded cable, but my husband and I enjoy it and it's only costing about ten extra dollars a month (saving about 35 from regular price right now).
I shop the clearance toy section all the time. I look for my daughter - christmas b-day etc - but also for nieces, nephews too... You can find really good stuff!! I got all my daughters christmas toys last year (she was only one mind you) for about $30!
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