The Art of Dollar Stretching: Making Your Money Go Further!
If we’re honest with ourselves, most of us could benefit from spending a little (or a lot) less money on everything from the essentials to those little extravagances we treat ourselves to from time to time.
If you want to reign in your spending and be thriftier this year, you need these dollar-stretching tips in your life:
Make a Budget
The first step to being thriftier with your finances is working out exactly how much money you have coming in and going out each month. The simplest way to do this is to set up a budget where you log every penny that goes into your account and every penny you spend. By doing this, you can quickly see where you are wasting money and how savings can be made.
Deal with Debts
It can be so tempting to stick your head in the sand and pretend your debts don’t exist, but if you want to get a handle on your finances and stretch your money further, you need to deal with your debits and start making a serious effort to pay down your debt as quickly as possible. You’ll feel better, and you’ll have more cash to play with if you do.
When you do purchase something, you can make your money stretch further by using websites like DontPayFull.com, which have hundreds of coupons and savings for purchases made online.
If you’re buying offline, you can also find savings by searching out coupons and shopping around various stores until you find the best possible deal for the item you’re looking to buy.
Price Comparison Sites
As well as being home to a great many coupon savings sites, the internet has brought us comparison sites. These are websites which can be used to find the best price on everything from car insurance to consumer electronics. Use these websites wisely, and you will never pay more than necessary for anything again!
Buy in Bulk
If you are in a position to do so, buying in bulk can save you money on your grocery bills. Most stores offer great discounts on bulk food orders, so it’s worth clearing some space in your pantry for non-perishables, such as dried pulses, beans, and pickles, which will save you money and ensure you never go hungry.
Use Loyalty Cards
Many companies now offer loyalty cards where you can collect points on your purchases and later use those points to pay for goods. If there is a store you regularly visit, it might be worth signing up for their loyalty card to make small regular savings that will add up as time goes by.
Most of us consume more stuff than necessary whether that be food, entertainment or beauty products. So, why not curb your consumerism and use less? Instead of going to the movies, go for a long walk in the park, or cook a nutritious meal instead of eating out and you’ll soon see the savings stack up. You’ll probably have a much better time too!
Test out these tips, and you’ll surely find your money stretches further than ever before!