In today’s economy, it seems like everyone is focused on saving money wherever they can. While it is always a great idea to watch where your money goes, when there is a risk of job loss or a reduction in household income, the concept of pinching pennies jumps to the top of the list. There is good news though- there are several things that you can do to save money on everyday essentials. And, a little money here and there can add up to big savings down the road.
Here are 5 ideas for saving money on everyday essentials:
1. Buy in Bulk and Share– I don’t know about you, but when I fly solo at a bulk warehouse club, it seems that all I do is overspend on items that I really don’t need. With so much to choose from, it can be tempting to overspend. However, many people have figured out a great way to shop in bulk and save money. Shop for specific items that are truly less expensive at club warehouses. And, if there is too much of one item or it will take you a year to go through huge tubs of mustard, split it with your other friends. By buying in bulk and splitting items, you will be gaining more of the items that you use every day without spending a fortune.
2. Avoid Impulse Shopping- Avoid the magazine purchases, shiny toys and candy purchases strategically placed for you to grab at the checkout counter. Magazines for example are significantly less expensive when paid for as a subscription rather than individually each month when they come out in print. Watch your impulses.
3. Buy Wine by the Case- Okay, some of you may be saying well wine is not an essential. But if you ask some people, they would beg to differ. Shop for wine by the case, as there is often a 10% discount offered. Plus, you will save money driving back and forth to the store to buy one or two bottles at a time.
4. Shop at the Dollar Store- Instead of shopping for useless items that you buy just because they are cheap, go to the dollar stores in your area to stock up on items that you or your family use every day. For example, you might get great deals on paper towels, toilet paper, batteries and even sandwich bags. The savings can add up over time!
5. Buy Generic- Are the name brand green beans really better than the generic? Well, why don’t you try the generic brands for a month and answer the question for yourself. Buy more generic items and see the savings rack up.
These are just a few ideas for how you can save money on everyday items while still having a little fun with it.