This and That

Money Monday: 5 Money Saving Tips

Posted on: September 5, 2011

Today I am going to share with you five money saving tips in all areas of life that I have learned along the way of my budgeting, money saving journey.

1. Cut your cable. Hubby and I don’t have cable. We have Netflix and a set of bunny ears that lets us get channels like 4, 5, 7, 11, PBS, and a few others. So paying for internet and Netflix we only pay $60/month. How much do you pay? And no we don’t feel deprived. We can watch movies and TV shows off of Netflick, our favorite show “The Biggest Loser” is on channel 4 so we still get that, and everything else we can watch over the internet through Hulu or YouTube for free. How much would you save if you cut your cable?

2. Always try and buy generic brands. They are so much cheaper and usually just as good. (I say usually because there are definitely some generics that aren’t as good, in which case I give you permission to buy name brand.)

3. Buy cheap gas whenever you find it. Gas is VERY expensive so whenever you find a cheap gas you must buy it. It will save you money in the long run. Even if your tank is still half full buy it!

4. Don’t buy clothes that are dry clean only. Now, I am sure these clothes are gorgeous and feel like a must have but dry cleaning is wicked expensive. Every week you will spend at least $10, that’s $40/month, and $480/year. Think of what you could do with almost $500 extra dollars! There are tons of great, beautiful clothes that can be cleaned in a normal washer and dryer. Buy those instead.

5. Use your big appliances at non-peak hours. Don’t turn on washer and dryer or the sprinklers or the dishwasher during the hours of 10am to 6pm (per SoCal Edison). You are charged 5 times more during these hours! And DON’T run your air conditioner or heater if you can help it!

Try these tips and I promise you will see your savings go way up!

Of course, there are more great money savings tip out there. Leave a comment and let me know what tips you use.


1 Response to "Money Monday: 5 Money Saving Tips"

I had no idea that the Edison charged 5 times more for use during 10am and 6pm. I can adjust my washing & drying times, we do the dishwasher around 7 am so that’s okay. We are still trying to figure out the cable but I do need to work on my generic shopping – it is so easy to just grab stuff off the shelves that you have always used. Thanks for the heads up on SCE and the other tips.

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