Do you have a leak in your budget?

November 15, 2006 at 10:01 pm 2 comments

Nancy Twigg wrote an article that is featured on DebtSmart.com with some tips on controlling leaks in your budget. A few cents and dollars might not seem like much at the time, but they sure do add up.

1. Grocery shopping
Try shopping on a cash-only basis. Using cash hurts.
Buy in bulk only if it saves you money.
Use coupons for products you would normally buy.
Stock up when there is a good sale.
Postpone shopping by using up leftovers.
Make a list, check it twice, and stick to it.

2. Eating out
Make eating out a treat.
Use dollar-off or buy-one-get-one-free coupons.
Order appetizers as entrees.
Split an entree with a friend.
Skip appetizers and desserts.
Drink water.

3. Clothes shopping
Check clearance racks.
Avoid trendy clothes and go for classics that don’t go out of style.
Shop at thrift stores, consignment stores and yard sales.
Trade good-condition clothes you no longer wear.
Keep your wardrobe simple.

4. Entertainment costs
Use dollar-off and buy-one-get-one-free coupons.
Look for free activities to entertain yourself.
See a matinee or second-run movie.
Ask about specials during non-peak hours.
If you go with several other people, ask about group discounts. Plan potlucks and rented-movie nights with friends rather than going out for dinner and a show.

5. Impulse spending
Pack snacks ahead of time to avoid vending machines or drive-thru runs.
Swap magazines with friends.
By multi-packs of gum, candy, or mints to avoid vending machines and convenient stores.
Wait over night and consider your buying motives.

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Entry filed under: Budgeting, Frugal Life, Money Fun, Spending.

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2 Comments Add your own

  • 1. Dimes  |  November 16, 2006 at 2:44 am

    A really obvious one for grocery shopping (though admittedly, something I almost NEVER do) is to MAKE A LIST! MAKE IT BEFORE YOU GO! And stick to it.

    Reply
  • 2. chaka42  |  November 16, 2006 at 4:25 am

    Dimes, you’re absolutely right. I always go with a list. I just overlooked that. Thanks.

    Reply

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