In two months, Christmas will be here. Many Americans are already experiencing some serious financial problems. Holidays can bring on additional stress-if you aren't prepared. Here are some of my bona fide end-of-the-year tips that can and will help save you money, and bring you some peace of mind:
1) Cook your own holiday meals, or host a "holiday potluck" at home if guest are coming. The latter guarantees that you will only have to be responsible for a few dishes yourself.
2) Clip coupons.
3) Watch the weekly sales. Buy meat and staples when they are sold at bargain prices, even if you don't need them at the moment. Stock your freezer and pantry, so when the "lean weeks" roll around, you'll have plenty of food in your own home to eat.
4) Be creative. Take advantage of recipes, and abandon conventionalism. Eat breakfast for dinner if all you have is eggs in the refrigerator and grits in the pantry. Who cares? It's still food!
5) Don't take unnecessary trips. Plan your grocery, laundry, errand-running days, etc. on the same day, if possible. Map out where you need to go. Bring a list and stick to it. This saves time, gas, and money. A triple benefit!
6) Bring your own lunch to work. Every day. Snacks too. Resist the urge to raid the snack machines and concessions, and you'll be surprised how much money you will save every month.
7) Stop smoking!
8) Prepare your kids to expect only one gift, or maybe even NO gifts, for Christmas. Save those lavish gifts for their birthdays. Remember, Christmas isn't their birthday, anyway. Does this work in my household? It definitely does. I have been doing this for a number of years, and the girls really don't mind, just as long as they are rewarded for their patience when the big days roll around!
9) Watch that bank account! Keep track of it online, and balance that checkbook!
10) Wash last season's winter clothes and wear them. Don't buy anymore clothes unless you really need to. Update your wardrobe with only a few pieces. Let most of what you wear come from what you already have. Bundle up in the winter months, and dress in layers. Wearing more than one shirt, or "layering" is "haute couture." LOL
11) Be wise when and if you have to purchase another car. If you haven't finished paying off the one you have, please don't buy another one yet. If you MUST buy another car, do your research. Figure out right now what you are able to afford (this figure includes taxes, title, license, insurance) and shouldn't go over 1/4 of your income. Yes, this means that you may not be able to buy that beautiful truck or that hot sports car. But the car you can afford is the one you really need. You don't want to purchase something that you will hate to use because the price you are paying for it stresses you out all of the time
12) Need a cell phone? Consider a pre-paid plan. Pre-paid phones today offer all the amenities of a plan phone (texting, media messaging, internet, unlimited night and weekends) without a contract. I had one for three years (and still have one; I replaced the phone I lost with a cheaper handset so that I could keep my old number), and it has served me well. These are really great for those of us who only need a phone for emergencies, to call close family members, and never use cell phones very much. My kids alsohave pre-paid phones. They know that the phones are to be used for emergencies only. So far, they are doing extremely well with them. I don't have to worry about them running up a $300 or $400 phone bill, because once those minutes are used up, that's it; no more phone until I am ready to buy more minutes! Which would you rather, a heart attack over a pricey bill, or a $25 loss?
13) Buy things that you will always need ( soap, shampoo, sanitary napkins and tampons, deodorant, etc.) in bulk, especially when they are on sale.
14) If you see something that you really like, buy it now, even if it isn't on sale. (This is in reference to clothing and shoes.) You probably have the money for it right now. It's foolish to say that you'll wait for it to go on sale, especially around the holidays, as if you were the only person looking at the same item in that size. You may pay a bit more, but at least you'll have yours.
15) Use those grocery store discount cards! Some offer up to 10 cents in savings at the pump (if they sell gasoline), and are even linked to other stores where you can use their cards to save money also!
16) If a grocery store TRIPLES coupons..............ah, you know where I am going with this one...LOL
17) Purchase generic brand food and prescriptions, if they are available. Many times, the generic brands taste and work as good as the brand name!
18) Don't be ashamed to shop at a "hood" grocery store; a lot of bargains are to be found if you are willing to humble yourself! Of course, go in the day time, be careful, and protect your belongings........LOL
19) Buy your house cleaners, paper and supplies at a Dollar General, Family Dollar or any dollar store.
20) Nix your obsession with designer clothing. If you MUST be a tag hag, shop around for bargains, and take advantage of sales. Go to outlet stores. Places like Kohl's, Ross, Stein Mart, Burlington Coat Factory, etc. sells designer clothes at bargain prices.
21) Toss your loose change in a jar, and use the coins for the kids' lunch money.
22) Do your own hair, feet and nails. Salons are a luxury; treat them as such.
23) Watch the movies and play the games that you already have at home. Share movies, music and games with family, friends, and co-workers (make sure they return your stuff! LOL)
24) Set the air conditioner to the highest possible comfortable setting. 78-80 still leaves your home pretty comfortable. Open windows and run the fans during the day. Turn on the air after 8 PM. Turn it off in the early morning hours.
25) Shower. Run water sparingly. Don't use the dishwasher.
26) If your kid has a PSP, a Game Boy, an X-Box, a PlayStation, and a Cube, why in the heck does he or she need a Nintendo DS Lite? Come on, people! Same goes for cell phones (I know some kids who are on their TENTH phone), i-pods, and other electronics. You are teaching your kids to be grossly unappreciative. Buy them some good books instead. Or a telescope. Or a chemistry set. Or an art/craft kit. You get the idea.
What end-of-the year tips do you have to share?
Adrian