Some techniques to save money are obvious, like bringing your lunch to work instead of going out. Other techniques that can seriously save you some cold, hard cash are lesser known. There are also other techniques that tend to be time-consuming and less effective. In this article, I'll discuss the tips that are worth your time for saving money, and those that aren't.
Couponing the old fashioned way
Why spend hours browsing through weekly ads in the Sunday paper? It's time consuming, tedious, and likely won't save you all that much money anyways. Put the scissors down and instead let DealsPlus take care of the hard part for you, by easily bringing you the best coupons, deals, and sales you're looking for. Searching for coupons this way saves you both time and money since you can easily see all the best offers a store currently has ongoing.
Recommended: A Beginner's Guide to Stacking Coupons
Choosing the cheapest item
It is easy to pick the lowest priced option when we're trying to save money, but we need to factor quality into our decision-making process. Sometimes, the cheaper item is the better buy. However, the more expensive item may hold up better over time, requiring less money on maintenance and reducing the chances of it breaking or becoming unusable. Higher quality might make a more expensive item a better value long term.
Buying in bulk
Shopping at bulk retailers like Costco means we buy more of each item at a lower per-item cost. If we use what we buy, it saves us money. However, if we throw a lot of it away, which can be common with groceries, then our bulk purchasing saves us nothing. In fact, it might cost us more money than shopping at a traditional grocery store. Bottom line: If you shop at bulk retailers, be sure that you're buying what you use. Focus on non-perishable items, household goods, and food items you use often.
Recommended: What To Buy In A Grocery Store VS. What To Buy In Bulk At Costco
Ignoring preventative care
It might sound financially attractive to skip visits to the doctor or dentist to avoid the co-pay. But, emergencies caused by ignoring preventative care like checkups or teeth cleaning can easily surpass any savings by skipping the regular checkups. This concept can also be applied to houses, cars, and appliances. Take the time to perform the regular cleaning and maintenance to avoid larger issues.
What saving techniques have you given up because they don't work? Which ones have proven to be incredibly effective?