Tag Archive | "saving money"

2 Tips That Can Save You Money At The Grocery Store

Let’s talk about two things you can do when you go to the grocery store that can ultimately save you and your family a lot of money and help preserve the budget that you’ve created:

1) Don’t go to the grocery store without having a shopping list.

How often have we all run out of the house with the intention of just getting a few things at the grocery store only to return with bag after bag of things that we hadn’t even anticipated needing to buy? This is something that happens far too often. The solution is to make sure that you have a prepared list of things you need to get before you ever step foot inside the grocery store. This will help keep you focused on exactly what it is you need to get. What if you see something that you genuinely forgot to add to the grocery list? That’s okay. The idea here isn’t to be unreasonable, but rather, to help keep you from recklessly spending money on stuff that you don’t really need or want. They’re impulse purchases — not a good thing at all.

2) Be proactive about coupons and discounts — it’s YOUR money.

Some people think it’s tacky, or somehow “low class” to clip coupons and to pursue discounts. Nothing could be further from the truth. It’s your money, you need to do what you can to help cut your grocery bill. If you know that certain sales happen on a monthly basis, why not buy in bulk (if practical to do so) and shop for those particular items on a monthly basis? This requires having a very organized understanding of everything, but it can really pay off nicely. Many grocery stores provide special discounts to people who have little “cards” that get scanned when you’re at the checkout. Don’t be shy to fill out the necessary paperwork to make sure that you can have access to these little loyalty cards. They often entitle you to additional discounts!

As you can see, it’s not that hard for you and your family to save a lot of money and help preserve the budget that you’ve created.

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The Easy Way To Show Your Kids How To Save Money

There are a lot of different ways that you can show your kids how to save money. But there’s always a bit of uncertainty over which method might be best. Let’s talk a little bit about some of the reasons why it’s important to have this conversation with your kids, and also provide some strategies that you can use to make the process a lot easier.

One of the key reasons many parents needs to talk to their kids about saving money is because it will provide them with a solid foundation for their own future. After all, very few people can simply live off interest and dividends without having to worry about where the money comes from. So it’s imperative that you have a low-key, relaxed conversation with your kids that helps get them to start thinking about why it’s important to save money. Aside from the obvious reasons like being able to buy the things that they’d want and need in the future, there is another important reason that kids need to realize — the unexpected situations in life that present themselves that require money in a hurry. You need to have some money put away to meet those challenges.

With that said, here are some strategies that you can use to help you have a positive, meaningful conversation with your kids about the importance of saving money. Try to use as many real-life examples as possible. Kids will often relate better to stories than to cut-and-dry instructions that they need to follow. It’s also a good idea to ask your kids a lot of questions along the way, to make sure that they’re actively thinking about what’s being discussed as well as to hear what they might come up with as strategies for saving money.

Perhaps the most important thing you can do is to teach by daily example. You don’t have to make this an awkward situation where you bring up the topic of money at every turn, but our kids soak up what we do and learn by example. Show your kids how to save money by actively doing it and mentioning it every day. Before long, your kids will be well on their way to being financially savvy savers.

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