It’s a new year, and getting out of debt is always among the most popular New Year’s Resolutions. The problem with resolutions, though, is too often they’re just dreams, with no action to back them up.
No more! If your New Year’s resolution this year was to get out of debt and improve your financial situation, help is here! Take a look at the following list of ways to cut your spending. Not all will apply to you, but try a few of the ideas. Then come back and try some more.
Take every dollar you save and put it toward your debt. You’ll be amazed at how much money you can save over the course of a year, just by making little changes.
Save Money Around the House
1. Weatherproof your home to save electricity.
2. Line Dry your clothes. It will lengthen the life of your clothing and save energy.
3. Wash your laundry in cold water.
4. Stop using phantom power by unplugging your electronics at night. Using power strips makes this easier.
5. Get rid of cable TV or switch to basic cable.
6. Or use Netflix and Hulu in place of cable. Netflix less expensive than cable, and between that and Hulu (which is free), you have a wide variety of TV shows available to watch.
7. If you don’t want to get rid of cable, see if you can bundle it with your phone and internet service to save money.
8. Get rid of the internet and use the library.
9. Get rid of your landline, if you have a cell phone. Or get rid of your cell phone. Or use a prepaid cell phone, instead of an expensive phone with an expensive contract.
10. Set your thermostat lower in the winter and higher in the summer.
11. Use a programmable thermostat, so you never forget to adjust the temperature.
12. Use CFL or LED lights instead of regular incandescent bulbs.
13. Catch rainwater for watering your garden.
14. Use pasta water for watering household plants.
15. Turn off your water when you’re brushing your teeth, shampooing, or shaving.
16. Recycle. You’ll save on your trash bill.
17. Compost. You’ll save on your trash bill and help your garden.
18. Haul your own trash to the dump, if you have a pickup truck or trailer.
19. Try to do repairs yourself, before hiring someone. Use free resources at Home Depot, Lowes, and on the internet to help you.
20. Challenge your property tax assessment, if you feel it’s too high.

Save Money on Transportation
21. Sell one of your cars.
22. Carpool.
23. Take public transportation.
24. Walk when you can. You’ll be healthier, too.
25. Rotate your tires regularly to make them last longer.
26. Fill your car up when you’re down to a quarter tank of gas. You won’t be stuck going to the nearest, most expensive gas station when your car is on empty.
27. Use gasbuddy.com to search for the lowest prices on gas.
28. Don’t use high octane gasoline, unless your car specifically requires it.

Save Money on Groceries, Cleaning, & Personal Care
29. Use The Grocery Game or another deal site to make effective use of coupons.
30. Cook from scratch.
31. Grow a garden.
32. Eat less meat.
33. Or buy a side of beef, instead of smaller packages at the store.
34. Give up cold cereal. Eat oatmeal instead. It’s cheaper and healthier.
35. Give up (or cut back on) junk food.
36. Use Angel Food Ministries or a gleaner’s network, if available in your city.
37. Look for good deals on Amazon. Yes, it’s true. Amazon can be a good deal for groceries. If you buy something regularly, you can save even more by subscribing to that product. But know your prices before you shop.
38. Keep a pricebook, so you you know when a deal is a deal.
39. Shop at Costco or Sam’s Club, if you have the storage for buying in bulk. Have your pricebook handy, to make sure you buy the good deals. Bonus: warehouse clubs can also offer good deals on everything from insurance to tires to glasses and more.
40. Plan a weekly soup night to use up leftovers. Wasted food is wasted money.
41. Use cloth napkins. Buy them at yard sales or make your own from cheap linens you find at thrift stores.
42. Use rags, rather than disinfectant wipes or paper towels.
43. Make your own laundry detergent and household cleaners.
44. Use vinegar as a fabric softener, or skip the fabric softener all together.
45. Go no-poo. (That’s no shampoo, people!)
46. Use crystal deodorant. It’s more expensive up front, but it lasts a year, making it cheaper in the long run. It’s better for you, too.
47. Use alternative feminine products like the Diva Cup and cloth pads.

Save Money on Clothing
48. Swap hand-me-downs with friends. This is really effective with kids’ clothing.
49. Don’t be afraid to shop at thrift and consignment stores.
50. Mend clothing, instead of tossing it.
51. Borrow one time use items, like a formal dress or a snowsuit for a day in the snow.
52. Coordinate new clothing with old clothing, so your wardrobe is versatile. You won’t need as many pieces.
53. Carry a Tide-to-Go pen. When you get a stain, treat it right away, so it doesn’t set and ruin your clothing.
54. Wear clothing more than once between washes. Your clothes will last longer, and you will save money by not running the washing machine as much. This doesn’t apply to two year olds after eating spaghetti.

Save Money on Entertainment and Eating Out
55. Take a staycation instead of a vacation.
56. Vacation in the offseason.
57. Take your date for a walk in the park and a picnic, instead of dinner and a movie.
58. Wait for movies to come out on DVD before watching them. Use Netflix or Redbox, instead of spending $7+ a person in the theater.
59. Make your own mochas, rather than hitting Starbucks.
60. Search for knock off recipes, so you can have your favorite restaurant food at home, for half the cost.
61. Make a commitment to only eating out once a month…or not at all.
62. Make a menu plan, so you don’t give in to the temptation of eating out, because you don’t know what’s for dinner.
63. Consider freezer cooking if you tend to eat out, because you don’t have time in the evening to cook.
64. Pack your lunch for work. And pack your kids’ school lunches.
65. Watch your local newspaper website for free events. Many cities offer free concerts and movies in the park during the summer.

Save Money on the Kids
67. Make your own disposable baby wipes. Better yet, use cloth.
68. Use basic cloth diapers.
69. Learn how to cut your children’s hair. If your brave, cut your spouse’s hair, too.
70. Pick up a few toys when they’re on clearance. Store them on a “gift shelf” in a closet. When your child gets invited to a birthday party, have your child choose a gift from the shelf to give to his friend.
71. Host your children’s birthday parties at home, rather than renting a place. It’s much less expensive and much more creative.
72. Buy extra school supplies at back to school sales. The prices won’t go any lower, and you’ll be glad for the extra supplies, when the teacher asks you to send in more paper mid-year. Plus, school supplies like crayons can make great stocking stuffers or party favors.

Save Money on Health and Medical Expenses
73. Ask your doctor to prescribe generic medicine. At many places, generic prescriptions are only $4.
74. Practice healthy habits, like exercising. You won’t need to see the doctor as often.
75. Give up unhealthy habits, like smoking. You’ll save the money you were spending on cigarettes, and you’ll be healthier, too!
76. Ask your medical provider or hospital for a discount, if you’re paying cash.
77. Make use of a flexible spending account, if your employer offers one.
78. Cancel your gym membership. Take up running or use workout DVDs.
79. Volunteer at the YMCA in return for a membership.

Save Money on Insurance, Debt, & Finance
80. Raise the deductible on your insurance. But first make sure you can cover the deductible, if you need it.
81. Combine your insurance needs with one company, so you can get a multi-policy discount.
89. Ask for other discounts, like good driver and good student discounts.
90. Review your insurance policies annually, to make sure they meet your needs. If you overbuy, you lose money every month on something you don’t need. If you underbuy, you’ll lose money when your insurance coverage doesn’t provide what you need.
91. Consider putting your dependents on their own insurance plan. It might be less expensive than the plan offered through your employer.
92. Consolidate your student loans to a lower interest rate.
93. Transfer your credit card balances to a lower interest card. But make absolutely sure you can pay off the balance, before the introductory period is over.
94. Stop using credit cards all together, if you’re not paying them off each month. Take them out of your wallet and cut them up or freeze them, to remove the temptation.
95. Do your own taxes, rather than hiring an accountant. Programs like Turbo-Tax make doing taxes relatively easy.
96. Make a budget. When money in a given category is gone, don’t spend anymore.

Save Money When You Shop
97. Before making any purchase, ask if you really need it. If so, find out if you can borrow it, get it used, or wait for a sale, before you pay full retail price.
98. Use the 48 hour rule. Make a commitment to wait 48 hours before making any unplanned purchase. Often the urge to buy will disappear after a few hours.
99. Start shopping for next Christmas now. Aim to be finished shopping by Thanksgiving. You can shop for the best prices on your gifts, and you won’t have any holiday debt, come next January.
100. When you shop online, use Ebates or MyPoints. You get a percentage back in the form of cash or a gift card. Make sure you look for codes, before you check out, too. Ebates has a list of coupons for each of the stores they work with.
101. Sign up for Swagbucks and use their search engine. You’ll accumulate points that you can redeem for gift cards. If you start now, you may be able to pay for all your Christmas presents this year with giftcards you earn from Swagbucks!
So there you have it. 101 ideas to cut your expenses and save you money in 2010. Can you think of any I’ve missed? Leave your ideas in the comments!
Photos by NatalieMaynor, Auswandern_Maylasia, Dan4th, Diego_3336, jasonlam, tanakawho, erix!, Jorge Franganillo, & robholland.

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Awesome list! If you can’t find a way to save here then you aren’t looking.
Brilliant list; something for everyone. Thanks for compiling :-)
Wow Lynnae! Great list! I’ll be passing it along for sure :)
Combine #6 (netflix), and 78 (use workout DVDs.)
Netflix has the on-line watch instantly movies, tv shows, etc… they also have TONS of workout DVD’s available to watch instantly
1. Use the RedBox. It’s less expensive than Netflix and the first Monday of each month you get a free 1-day rental. Or why not use the library instead?
2. Breastfeed your babies! Breastmilk is practically free and saves a considerable amount not only over formula, but on doctor’s visits. I donated 22 gallons of pumped milk to the Mother’s Milk Bank of Ohio and nursed my daughter for 3 years. I intend to do the same with my next baby.
3. In my city, we do not pay per the amount of trash. It’s a set fee. Recycling *does* have a fee. We still recycle at public bins at the grocery stores for that purpose. Large dumpsters in the grocery parking lot for anyone to bring recyclables.
4. Vermiculture. I have a worm farm in my basement- it’s almost 2 years old. Food waste except meat scraps goes in there, and castings for my garden come out.
5. Why pay for the grocery game when there are so many free online forums for grocery and drugstores across the country?
Wow, HUGE list! Great tips too.
My biggest tips would be to
a) Shop around. Never be afraid to look elsewhere.
b) ASK for discounts everywhere you go.
c) Yard sales.
“Volunteer at the YMCA in return for a membership.” Really?! I had no idea and would definitely be able to do this.
Wow, that list must have taken a while to put together! Thanks for including me. Now I’m off to read a few of these others posts and figure out how to save a ton of money! :)
Excellent list, Lynnae! Definitely going to bookmark a few of these. :)
Wow. Nice list, Lynnae. Imagine how much our spending would drop if we put all of this together.
Ok. I give up. Just when I think you could not possibly come up with any better posts…along comes this one. Thanks! I noted that we are already doing many of these things, but I did find a few that we are going to be using.
Definitely some good advice and ideas in there. I hadn’t even thought of using the water from pasta to water my plants. So long as the starch won’t hurt them, then there’s really no reason not to.
I use a lot of these little ideas already, and in addition to saving money, when you reuse things you end up really surprised at finding out what you own and what you’re gaining by reusing things in the first place. I have two garbage bags of worn-out clothes that are waiting to be turned into blankets and rag rugs when I get a little more free time. I got use out of them when they were clothes, and with a little extra work, I’ll end up with new blankets and rugs, too, and won’t have to buy them!
It’s a shame that sites like Hulu are for Americans only. Up here in the frigid north (aka, Canada), we don’t quite as many options for free Internet TV. I still don’t have cable and don’t really miss it much, but it’s still a shame for the non-Americans who envy those who can watch Hulu.
This really is a great list! I’m doing a lot of these already, but we could definitely stand to add some more of these to our repertoire. Because this year, we need to seriously focus on cutting our expenses. Thanks for the awesome, useful tips that are actually doable!
I wouldn’t recommend the Grocery Game – it’s a service you have to pay for! There are TONS of frugal blogs out there that list the coupon deals for lots of stores, so you can find the best match-up deals FOR FREE without having to pay a subscription service.
Also, I get asked all the time why we still use Netflix when we can check out movies from the library for free. We don’t have a TV or a DVD player – we watch all of our movies on the computer, and the anti-theft bars that are stuck on each DVD prevent us from playing them in the computer. I think the disc drive is too small – they won’t even play and we could damage our computer. I like the convenience of Netflix being mailed straight to our home (I don’t have to do anything!) and we are on the 3-at-a-time plan, so my husband and I each have our own queue and we have a queue for the kids. I love Netflix.
Nice list! I would add making use of Freecycle, turning off the oven or stove for the last few minutes (things will still cook in the hot water or oven), commit to not using any cars one or two days a week, shop locally (meat, eggs, produce, honey — usually cheaper, healthier, more eco-friendly, and better for the local economy) and do one big grocery shopping trip once a month (or at least only twice a month) to avoid “extra purchases”.
Great ideas for saving money. I save so much money yearly by using the library – they have DVDs and CDs as well. I am going to see what other ideas I can take advantage of in this post!
And who said saving money was difficult? ;)
Overall, this is a great list. Of course, it’s a lot of things, I recommend people find where they can get the “biggest bang for their buck” (or lack thereof!) and take things one step at a time. Before you know it, they can do the whole list :) One of the biggest hurdles is knowing when to say NO. Knowing what you NEED to spend money on versus what you want to spend money on is a big step towards doing everything on this list.
Yipeee! I love a list loaded with money saving tips!
Elizabeth Warren, Harvard econ prof and co-author of “The Two-Income Trap” warns about locking yourself in to such high fixed expenses that any financial strain could push your family into the red.
If you are contemplating a life change that has financial implications, read her book and build in some flexibility by not taking on too much debt or failing to plan for a rainy day. We are all going to get sick and eventually die. Don’t assume you’ll be the exception. Plan.
Very nice… I love #13 and #14 – glad to see I do many of the others, and many of those I don’t it’s because they don’t apply to me (I don’t have a TV or a car, for example)…
Great list! Of course I do a lot of those things already, but there were a few ideas that I’ll have to try to work into my life for 2010.
Great list!
Two things, though:
Pasta water is fine for watering your plants (and they like the starch), but not if you salt it. Salt water will kill you plants!
Angel food ministries is a program designed to help those who are “struggling financially,” per their website. I do not think that needing to pay off debt because you charged to much on your credit cards last year is a worthy use of their resources. If you can’t afford to even make the minimums and are truly struggling, go for it. But if you can afford to pay your debts (albeit a little slower) and put food on the table…leave that for the truly needy.
Angel Food ministries doesn’t limit who can use their services…they have even recommended people who can afford their groceries but have a goal, like saving money for a charity or to help the needy use their service to get that extra cash.
It also helps the church or host site you are picking your food up from, as they get to keep $1 from each box sold.
They also get a better deal in buying large amounts of food when they are buying more, it isn’t like a food bank that has a limited amount of food available. They make deals with companies based on the massive amount they are buying and then selling. To buy from them, helps them. (I think.)
There are a lot of choices for getting free video entertainment that go beyond Hulu and Netflix, check out http://debtbeat.com/2009/09/ditch-cable-service.html.
I just learned about Slingbox, too, another cool streaming gadget without monthly fees.
Awesome list! I’m going to add one for those of us who are soda drinkers :)
Brew a jug of ice tea in the morning to sip on throughout the day instead of drinking sugary soda for caffeine. Doesn’t just save money, saves teeth and waistlines too!
Love these simple tips! Just have to say I’ve been reading your blog for a few years now and you’ve definitely inspired me. :)
Another way to save money when dining out is to skip the soft drinks or tea and get tap water. A simple soft drink these days can add $2.00 to your lunch tab.
I agree with nearly every suggestion you make, although some are not possible in my current situation.
1) I can’t make my home energy efficient because I rent. I wish I could get the landlord to put better windows, doors, and more insulation into the house, but oh well.
2) No matter how little, or much, trash we put out, we still pay $35.00 every 2 months for trash pickup. There is a recycling center available, but you have to take your stuff there.
3) I love crystal deodorant. I have used it for years because it does not aluminum chlorohydrate in it. A bottle or stick lasts a long time. The last one I bought at Big Lots for only $2.00!
4) We have a lot of CFLs and a few LEDs in our house. They are great and do use less energy.
See my tip below for energy efficiency
Another way to save money is to use comparison shopping sites such as Onewayshopping.com http://www.onewayshopping.com. You simply check the best deal from thousand of products.
Really like this!!! Just wanted you to know that I’ve linked this article to my “This ‘n That” Thursday post.
http://myreasonstoblog.blogspot.com/
Hope you have a great day!
~ Joy :)
Deodorant???? I used that for years and was a smelly construction worker the whole time.
I learned from my daughter. Washing hands, say your ABC’s to make sure you washed them enough. Your armpits are no different, except it is 26 seconds X2, can’t wash them at the same time. Try it, smell better forever. Do us all a favor.
I find Angel Food Ministries is really expensive and every time I bought a box I had to wait in line for 3 hours to pick it up only to find half the fruit and vegetables rotted. Almost all the food is meat, and lots of it, which does me no good since I am mostly vegan. After three boxes I have enough meat to last me 2 years. I can buy the produce much cheaper at the grocery store down the street, usually, $0.05 to $0.30 cents cheaper per fruit or vegetable and over a dollar less if I purchase 5 or more in a bag.
To the other posts about making your home energy efficient: make a second window out of plastic and attach it to a removable wooden frame. Make the frame just smaller than the window and wrap foam window insulation around the outer edge to give a nice tight fit in your window frame. Then hang rugs or blankets on your walls at the ceiling as inner insulation to keep the heat or cold out. Also, try hanging up a blanket over your window to keep out more heat or cold. I lived in rentals for many years so I know how to find ways to increase energy efficiency. Caulking inside with putty caulking helps keep out the drafts too, you would not imagine how much air flow there is even with no gaps between the window frame and wall.
I prefer to wash my own clothes with a rapid washer, plunger, or my own home made version of the rapid washer. The clothes come out cleaner, softer, and look and feel different. I can hand wash four loads in an hour and only need the washer to rinse. Plus I can wash several loads which require different temps or soaps/bleach/ammonia then rinse all in the same water. Or I use my spinner to spin out the water and hand rinse. When I do that I only need to rinse once and add fabric softener to the second rinse and use that same fabric softener water for all the wash loads. After a turn in the spinner I hang to dry and they are ready by the next morning to put away. I save a ton on laundry washing this way. When I pull my clothes out to wear two weeks later, or a month later, they still smell fresh and the fabric softener smells wonderful. For some reason the smell does not fade.
My room mates use the spinner then the dryer and the dry time is about 15 minutes or 20-30 minutes for towels and blankets.
I also thin down my shampoo and conditioner, add vinegar to drop the PH closer to 5.5 (which hair prefers), add mint and tea tree essential oils (mint to clean and tea tree to hydrate and condition) and my shampoo and conditioner lasts for months. Plus my hair is super shiny and healthy. I have not had to cut or trim my hair in over a year.
Hope someone can use some of these tips.
Great list! A lot of simple to do ideas that can add up to save big money.
Melissa
http://www.examiner.com/x-2508-Frugal-Family-Examiner
Great list! I’ve been cooking from scratch and making more so that I can freeze an extra meal for a while now. I’ve saved a packet in the process, and it’s become seccond nature now. I don’t have to think or plan it just comes naturally :)
There are some really good tips in here, Thanks.
Great list! I can’t believe how I haven’t even thought about so many of these. They were so obvious! Thanks for compiling such an awesome list!!!
THANKYOU!!!! I’ve been looking for otherways to find some extra things to cull. I’m on the home made beer and cycling thing at the moment, got rid of my home phone, wasn’t sure what to do next
Great list! some other things:
* make sure your car’s tires are filled properly.
* Don’t skimp on regular maintenance of anything – car, air conditioning, ventilation system, etc.
* get a Hybrid or motorcycle.
* buy a cloth grocery sack and use it instead of plastic bags – better for the environment too. Or, you can use plastic bags to pick up doggy-doo.
* Negotiate, negotiate, negotiate.
I am an avid reader, and I save money by buying used books on Amazon.com. Then I make money on the books I’m not reading anymore by reselling them to the online book buyback site http://www.mybookcart.com.
You say “Take every dollar you save and put it toward your debt” – my problem is I don’t have enough at the end of the month to save…
Great list! I’m really focusing on saving energy this winter. I’ve added insulation to the attic and will use space heaters in my room at night while the heat is low in the rest of the house.
My wife and I made the decision to cut our premium channels and keep basic cable with internet service. We are saving $100 a month and can’t believe we didn’t do it sooner! I watch sports on ESPN via my Xbox 360 and the kids can watch their favorite shows on PBS and Netflix. You can even leverage podcasts to create your own personal network of shows that you can stream to your TV!
Good Evening I stumbled across a problem on your site, the RSS feed isn’t working properly. Anways, Anyone else having this problem, I’m sure it’s probably isolated to me only, go figure. Best, Ross
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thanks for the info and also for the links ….
There are a lot of great advices here . I will really apply some of thouse because they will really help me out a little. I know some great practical advices too … How to save money – practical ways
I simply phone my broadband and telephone providers every 9 months and threaten to leave. Saves money every time.
Not sure if you listed this, but using cash instead of debit and/or credit cards may help save some cash in the long run. This is because you have more of an idea of what you have spent, rather than just caning your plastic!
Thanks for writting this. I need all the ways I can find to save a few bucks and this will help me out a lot.
These are great tips and something that everyone should do to save their money.
I found a site that offers all sorts of tips on how to save called Penny-Pincher’s Pal. Be sure and check out the current article and the archives. I have saved a lot of money following their tips.
Always keep the tiny batteries from musical greeting cards, they come in handy for watches and small toys amongst other things.
Earn cash while you do your online shopping by usingBig Crumbs. Shop Smart and Save Big. They send you cash for shopping with them, check it out!
I have an additional tip to add that goes very well with #81. As you probably know insurance companies offer large discounts for families with multiple cars and a homeoweners insurance policy. But what if you sell your home and need to cancel the insurance coverage on your house? You will probably loose the discounts on your auto insurance right? Not if you add renters insurance. This will enable you to keep those discounts after you cancel your homeowners insurance policy. It’s a simple trick that can save you hundreds in insurance premiums.
It’s The best way to save in this economy.Or any other for that matter. its worth a look. and it’s Free.
Relating to #9 on the list, I saved over $800 / year with converting from a cell phone to using Google Voice + Skype + iPod.
Link:
Replacing My Cell Phone with Google Voice and Skype
Good tips. With no.58, if you can’t live without watching stuff coming out of Hollywood, why not just ask friends if they have movies you can borrow?
great list. my favorite way to save is buying in bulk from costco!
no 98. from this moment i will use 48 hour rule.
nice!!!!!!!!
Wow, this is a really long list, but it does cover a great deal of aspects! I sure got some new ideas about how I will make debt go away!
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Check out oilbuck.com. It helps consumers by providing coupons on the wholesale price of gasoline. The website provides customers a way to lock in the wholesale price of gasoline for one month at a time. It does not matter which state or city you live in.
Great post. I was checking continuously this blog and I’m impressed! Very useful information specifically the last part :) I care for such info a lot. I was looking for this certain info for a very long time. Thank you and best of luck.
WoW!! great list. thumb up for this post.
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Wow, fantastic blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your website is great, let alone the content!
Hello, i think that i saw you visited my website thus i came to “return the favor”.I’m attempting to find things to improve my site!I suppose its ok to use some of your ideas!!
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Great ideas. Keep up the good work.
Wow, you covered a lot!
My husband and I are trying to pay off our last debt (our house) within 3 years. I recently blogged about how to save money on practically everything and you may enjoy it! http://www.theartistoflife.com/blog/money/ways-to-save-money-on-practically-everything/
Thanks for this information. I love the lean towards the natural that you seem to have. :) We love not being “normal.”
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sf hfgjglkFinally! This is just what I was for.
aghsfFinally! This is just what I was for.
thanks for the list. i especially like #24. i usually walk 5-10 miles a day just trying to run errands in the neighborhood. awesome exercise too!
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Fantastic post, quite a lot of ways to cut your spending! Sometimes people now days just don’t pay attention to what they are spending they just keep buying and buying. Some people buy out of habit some people buy because they crave something to fill a void in their life.
Great post.
That is a very, very good list. I just thought of a few more.
Shop at garage sales especially for kid’s clothes.
After using coupons on your groceries save more by using refunds too. You can print off refund forms at refundsweepers.com.
Use a bank that gives you points when you write a check or pay online for a bill. You can then redeem those points for gift cards.
If you can pay off the balance when your credit card bill comes, get a no annual fee credit card that let’s you earn points and then redeem them for cash or other things like airline miles.
Yes we can save money with this grocery coupons.
“8. Get rid of the internet and use the library.” This is ridiculous. The reality is people need internet access to look for jobs, sell things, and keeping in contact. Maybe for some, access via their library is convenient, but you need it to survive.
Currently, LVMH Group, the company has holdings of a 21.4% stake in Hermes, and Hermes has continued its acquisition of holdings of shares from the market conduct of accused. In order to protect themselves from the acquisition of rival LVMH Group, set up a holding company Hermes. Since June, has spent up to € 114.5 million to repurchase shares, which has cash reserves of its year-end as much as 14%.
This has been the protection of small shareholders association questioned why the Hermes Association that almost every week in the company’s stock price high on the occasion, but also buy back shares at this lower weight, and questioned whether this would benefit all shareholders.
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