365 Tips for Saving, Investing, and Making Money - Part 1

Tip #1: Buy products online.

One good way to limit impulse buying is to buy products online. It will allow you to more easily comparison shop. And it will also prevent you from thinking that you have to buy, so that you don’t have to drive somewhere else to make the purchase.

Tip #2: Comparison shop.

When making large purchases, you should always comparison-shop. By spending an extra 20-30 minutes to research your options, you could easily save hundreds or more.

Tip #3: Use coupons.

Whether you’re grocery shopping or shopping for new electronics, using coupons is always a good way to go. So, from now on, stay in the habit of checking the newspaper and other local sources of coupons.

Tip #4: Use online coupon sites.

The Internet is now awash in online coupon sites. They collect and store coupons that can be printed and used at various brick-and-mortar stores. Before you step out of your house, consider looking for coupons for your retail destination; and then putting them to use.

Tip #5: Enroll in rewards programs.

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Grocery stores, clothing stores, and other retail stores now offer rewards programs. By signing up for a free membership, you can often gain access to a variety of coupons, discounts, and cash-back offers. Be sure to enroll in rewards programs that are offered at all of your favorite stores.

Tip #6: Look for specials at the grocery store.

Grocery stores often have specials on food they suspect they won’t be able to sell. Take advantage of these specials by purchasing food that you want anyway, but at a sharp discount.

Tip #7: Create a shopping list in advance.

Eliminate junk food and foods that are inessential by creating a shopping list in advance. At the end of the day, you’ll walk away having spent less, and you’ll also have all of the ingredients you’ll need for weekly meals.

Tip #8: Wait for sales. Some stores have regular sales. For instance, many stores hold sales after Christmas and other major holidays to sell off seasonal inventory. Take advantage of these predictable sales by delaying your purchases.

Tip #9: Limit entertainment spending.

Entertainment is important, but can often be obtained cheaply. From now on, limit your spending on entertainment until you have paid off your monthly bills and have saved a fixed portion of your income.

Tip #10: Reduce the amount of time you spend watching TV.

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TV can be an endless time-waster. It is easy to sit in front of the TV for hours on end, even if we have tasks we could be working on to improve our lives and our finances. So try cutting back on the amount of time you waste watching TV.