I am a saver. I like to save money. I like a bargain.
When I was growing up, my dad required my three siblings and I to keep three jars: one labeled Saving, one labeled Spending, and the third labeled God. When we received money of any kind, whether it be our meager allowance ($1.00-$3.00) or birthday or Christmas money, we were required to divide the money evenly between the three jars. He wanted us to know how important it was to save, only spend what was available, and give away a large portion of our money as well (33%).
Two of my jars were always full. Can you guess which ones? If you guessed Saving and Spending, you would be correct. I even saved my spending money.
I guess my dad discovered I was a saver early on because by the time I was eight, he put me in charge of balancing the family checkbook (some of you young people don’t even know what that means!). This was a big responsibility and I took it seriously. My husband thinks it is hilarious that I balanced the checkbook because of how poor my math skills are. Balancing the checkbook taught me some things about money. I learned the true value of a buck. I learned how important it is to only spend what you have. I learned the importance of organization.
As I’ve grown up, I’ve become even more of a saver. I especially like it when I can save money in one place (electricity, gas, housing, groceries, etc.) so I can either save it or spend it on something I really like spending my money on, such as traveling with my husband or kids.
For today’s 12 Series, I give you twelve tips for saving money.
1. Cook (and eat) at home. Buying food, cooking it, and eating it–at home–is much cheaper than eating out, especially when you have more than two people to feed. Eating out drains the budget and you will save money if you eat at home. The more people you have to feed, the more expensive it gets to eat out.
Eating at home may not save a single person much money (I can’t speak to this anymore). But I do know that it can be quite cheap (even for one). If you’re scared by cooking, just try it. Begin with a recipe that takes 15 minutes. You’ll be amazed how quick you pick it up. After ten years, I now like to cook and feel confident in my skills. Plus, the food I make at home is much healthier than the food in restaurants around here. There are many reasons to eat at home.
People often say it’s more expensive to cook healthy food. I don’t really agree with this assumption, especially when you compare how full you get when you eat healthy food versus how much more you eat when you eat junk food. But, even if you think healthy food is more expensive (which I don’t), I think it’s one area worth spending the extra money on. Good food equals good health, and paying extra for things that are good for my body and my spirit and my family is fine with me.
2. Don’t be enticed by marketing ploys that promise “the best sale ever.” Seriously, don’t. Resist the temptation to sign up for emails from Pottery Barn, Ann Taylor Loft, Pier One, Children’s Place, Old Navy, and all those other stores that offer big sales and discounts.
The goal of these emails is not to save you money, contrary to the subject line in the email. Their goal is to get you in their store so you will spend money.
If you hadn’t gotten that email saying, “Everything at the store is 40% off!!”, you wouldn’t have gone to the store anyway! Unsubscribe from these email alerts. Even when places offer coupons through email (like Bealls or Target), you can often find them on their websites, or, when you are at the counter checking out, just ask if they have any coupons you can use and they will most likely give it to you or just apply the discount to your purchase.
Emails aren’t the only place retailers get you, though. TV commercials are another way they do it, especially with our children. If you have DVR, skip through the commercials. If you don’t, tell your children to get up and go do something during the commercials so they aren’t manipulated into wanting more “stuff” that just clutters your house and your life.
Do not be enticed. Resist temptation. Flee from it…quickly. When we give in, we always end up spending more money than we would have had we not known about these “sales” in the first place. Less is more.
3. Buy from Amazon. I have a lot of friends who refuse to buy from Amazon (or Wal-Mart) for moral reasons or for fear these big companies will destroy small, local businesses. I respect those positions. I have thought them at one time or another.
But, ever since moving to a small country town, I have become Amazon-obsessed. Here’s why. Their stuff is competitively priced. I can get new and used stuff for low prices, probably the cheapest on the planet. I also live in a small town that doesn’t always have what I need, which means that I would have to drive 45 minutes to one hour to get what I need. Gas is expensive and driving that far takes up a lot of my time. So, I use Amazon. They deliver right to my door.
I also have a Prime membership, which one of my college roommates convinced me to get, and I’m so glad I listened to her advice. Prime offers free two-day shipping on almost everything (even big, expensive things like playground equipment and furniture), free returns, and free streaming on thousands of movies and TV shows (saves rental fees). I encourage you to check it out.
I also shop at Amazon because of “Amazon Mom” (they also have Amazon student for college students) and “Subscribe and Save.” I use Subscribe and Save to buy diapers, wipes, oatmeal, paper towels, and many other household items. With the Amazon Mom discount added to the Subscribe and Save discount, you end up saving a lot of money.
One last reason I use Amazon is because they are tax-free in Texas. I feel a bit guilty admitting this as a reason because I think we all have a responsibility to pay taxes to live here, but I also want to save money, so I still buy from them. This will all be changing soon, though, because starting July 1, Amazon will no longer be tax-free in Texas. We can thank the Lone Star State for that! (Note the sarcasm.) They sued Amazon over back-taxes and reached a settlement, so now we all have to pay taxes. I guess I’ll be buying a lot of items at our state’s annual tax-free weekend.
4. Buy in bulk. I try to avoid eating a lot of non-perishable food items (see #2 above), and I eat food that is fresh, refrigerated, or frozen as much as possible (food located in the U-shape of the grocery store). However, there are some items located in the center aisles that I do buy, and I try to buy in bulk whenever possible. I buy bigger bags of cereals, canned goods, snack foods, pasta, beans, and household items like toothpaste, shampoo, and paper towels. We don’t have a Costco nearby, but there is a Sam’s Club in Waco where I buy most of my bulk items. I also buy a lot of these bulk goods at Amazon through Subscribe and Save.
5. Conserve in your home. Turn out the lights in rooms you are not using (better yet, use natural light). Adjust the thermostat according to your comings and goings (and don’t forget to do it!). Buy a programmable thermostat that won’t let you forget. Weatherproof your home. Don’t use as much water. Wash dishes by hand. Use more cold water.
6. Set a budget. Setting a budget and sticking to it has helped our family immensely. It also keeps me sane and lets me know where our money is going.
7. Don’t purchase books (printed or digital) unless absolutely necessary and, if necessary, buy used. I’m sure this advice seems odd, given I’m an English professor, but I believe spending less on books is an important way to save, and it’s an easy expense to drop when you want to save money. Instead, check out books from the library. Most libraries now offer digital lending services where you can download books to your Kindle. And all of this is free. If you have an Amazon Prime account (and a Kindle), you can check out Amazon’s Lending Library where you can check out a variety of books. They also have a variety of free Kindle books for purchases–new ones are added all the time.
You can also ask your local library if they have an Interlibrary Loan (ILL) department.
If you live near a university, see if you can get a library card there. You’ll have an even greater selection to choose from and most of them have wonderful ILL Departments where you can order any book you want from other libraries (and it’s free!). You can also borrow books from friends or buy used books.
I am somewhat hypocritical when it comes to children’s books and scholarly books for my work. Although I use the library extensively in both of these cases, there are some books that I must own.
8. Shop consignment stores. I buy my children clothes from consignment stores (The only new clothes they get is given to them by their grandparents.). I’m not at all ashamed of this because not only does it save money but it is also good for the environment. I also shop in the off-season when everything is on clearance. It’s getting a bit harder to find used clothes for Elizabeth. She’s in a size 7/Medium and most clothes in her size are worn out because of how long children stay in one size. I can still find dresses and jeans, but t-shirts and shorts are much more difficult.
There are places that sell cheap kids’ clothes (i.e., Target, Wal-Mart, Kohls, Ross, Marshalls), but I am somewhat hesitant to buy from these places because if it is THAT cheap to consumers, then most likely the person who made it was not paid a fair wage and that bothers me (but that’s for a different post).
9. Spend less. Spending less doesn’t seem like it should be an entry on ways to save money because it’s so obvious, but I think it’s an important one. If you spend less, you will save money. We live in a materialistic, competitive culture that tells us to find our identity in material things and stuff, but this doesn’t bring true fulfillment or happiness. Spend less. Just do it.
10. Garden. Our garden is beginning to produce vegetables, and we are so excited. We’ve already eaten cucumbers, zucchini, squash, and peppers from the garden and tomatoes, onions, and watermelon are almost ready. Last year, our garden produced so many tomatoes that I was able to make marinara and pasta sauce for the entire year. We just ran out in March. That saved us a lot of money.
11. Pay bills online. I was a latecomer to online bill pay, but I’ve been doing it for over 3 years now, and I find it fast, convenient, cheap, and easy. No stamps. No envelopes. And it’s free (if you’re paying for it, find a different bank).
12. Spend only what you have. Here at Casa de Alexander, we use the Cash System to help us spend only what we have. We take cash out each month (it’s all electronic, so we don’t have all that cash lying around in our house, but it’s the theory). We have been able to get out of almost all of our debt by spending only what we have in the bank.
These are just a few of my tips. I know there are hundreds of other ways to save money. I’d love to hear ideas of how you save money or spend less.