I’m looking for some tips on how to budget and not waste too much money. Any advice?
Start by making a list of “Have to’s” vs “Want to’s”
there is a very good book called the total money makeover by Dave Ramsey. It is written for people who have a lot of debt but also has very good advice on budgeting.
make sure the first thing to pay is rent/mortgage.
also do your best to pay your credit card bill totally each month. the minimum payment is a trap to get you to pay high interest and you will be paying off a bill for years that way.
if you cant afford it, then wait and save up the money to pay for it before buying it.
Remember the old adage “LESS IS MORE.”
If you are using purchases to fill an emotional void, identify the source and tackle it head on.
If you drink coffee, Brew/make your own coffee at home. The average cup of coffee is $1.00 – $1.25 per Cup. Multiply this amount by how many times a week you purchase a cup of coffee. More at Starbucks, D&D and Chock Full ‘O Nuts.
Bring your lunch to work. Again, multiply.
Bring your breakfast to work. Again, multiply.
Read through the TV Vues and Torah Times to see which supermarkets have the best buys of the week. True, some of the supermarkets require the customer to purchase $10.00 of non-sale items in order to buy the items on sale.
If you can, walk to work and back home at least 3-4 times a week, depending on the weather.
Use regular plates and utensils as opposed to plastic/paper. Waste of money and the landfills will thank you.
Instead of using tin pans to cook, purchase good quality pans. Same goes for baking. Amazing Savings and Jack’s World (NYC) have really good buys.
Borrow books/DVDs/CDs from the library.
If you can get to ShopRite (McDonald and Avenue I) sometimes they have very good sales.
Many people don’t like to, but how about using coupons? Even if it’s a $1.00 off, it pays for the tax of the product if there is one.
Try to find websites that send free samples. They are out there, you just have to look. Sometimes they also send coupons with the samples.
I know it’s a lot of information. Much luck and you will do very well.
Think think think… think before u spend money. Also think of the best ways to save money in your regular activities. ex. homemade supper vs. takeout, cheaper flowers for shabbos, no brand name clothes…
and go to places like century 21 and foxes instead of bloomingdales and saks
Use it up, wear it out
Make it do, or do without.
I do a lot of online shopping. The sales are great and when I see something I want I put it in my shopping cart and then move on to something else. I usually forget about it and never wind up purchasing it. I find that way that I don’t buy a lot of the things that I wanted versus a lot of the things that I really needed.
These are some pretty good tips!
If only people like me had enough self control to abide by them…
I’m usually cheap with myself, but I love spending money on others!!!