Financial

Easy Ways to Save Money on Groceries

Grocery shopping is often one of those chores you know you have to do every week, but don’t want to. The total cost for a week’s worth of groceries for a family can seem excessive. It doesn’t have to. There are ways to cut the weekly food bill down without cutting the quality or quantity. According to Bankrate there are some simple ways to save money on groceries.

 

First, get to know your grocery store. Often their sales tend to have cycles. These are often six or eight weeks. If an item is on sale this week, it generally will be on sale again in six weeks. Some products are also on seasonal cycles such as allergy medicines and tissues. They tend to be on sale late winter and early spring for consumers to stock up on for spring allergy season. Other examples include grilling products that usually go on sale late spring or early summer, and back-to-school items which go on sale in July and August.

 

When you get to know the sales cycles of your grocery store, also learn about the store coupon policies. Many stores offer coupon doubling specials. This is a time period where stores will double or sometimes triple the value of a single coupon. Some stores offer grace periods for using coupons after an expiration date. Other coupon practices include stores accepting mobile coupons on a cell phone, and matching or accepting coupons from competitor stores.

 

The most important step to saving money on groceries is to be proactive. Doing a little research before shopping can help you find great sales and maybe some new coupons. Visit the websites of the store you are going to shop at, and manufacturers’ websites of your favorite products. Always check weekly sales flyers often found in your Sunday newspaper, either online or as an insert. You can set up an email account just to receive coupons and manufacturer’s newsletters or have them sent to you through an existing account. Create a separate folder in your email to store these in.

 

Most stores have loyalty programs for customers. This may require you to sign-up for the program and show a membership card when you shop. Loyalty programs rewards may include cash-back incentives, additional savings on future purchases, and loyalty program customer discounts.

 

Knowing when to shop can also help you to save money on groceries. Wednesday is typically the day new circulars come out. Stores often will still honor the prior week’s sales on this day. Products nearing the “sell by” date often go on sale mid-week. For certain items the best sales are after a major holiday or event.

 

For added savings challenge yourself to use left-overs instead of throwing them out. Also go through your cupboards, refrigerator and freezer and see what you have, and use what you find instead of buying new. With some basic understanding about your grocery store and coupons, and a little bit of work you can save money on your family’s weekly groceries.

 

These savings can then be used for the bills that are stressing you out the most in life. Bills like your student loan bills, mortgage bills, etc. These bills seem like a huge hurtle at first but with plans like loan payment plans, because of the pressure it takes off of you, the stress will begin to fade away.

 

References:

  1. “7 Ways to Save Money on Groceries”

8 June 2016

http://www.bankrate.com/finance/personal-finance/7-ways-to-save-money-on-groceries-1.aspx

 

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Financial

Four Tips That Can Help You Get Away from Financial debt and Control Your Monthly Budget

Staying away from debt and budgeting. It’s something we can easily all put a greater effort towards. Of course, we all know about this and how there needs to be some radical form of change, but do we honestly know the best place to start? Fortunately enough for you, we did the tough part to answer that question. Now all you have to do is listen to these life-altering approaches to help you manage your regular spending plan. And if you don’t have one, there are some tips on how to start.

Automatic Bill Payment

Employing an auto-payment service company can save you a lot of time, strain, and money at the end of the day. AutoPayPlus presents a system that is certainly one of a kind since not only does it allow you to stay clear of costly late fees or manage your payments in one convenient location, but in addition works with every single one of your loan representatives to carry out an accelerated financial debt reduction payment schedule. AutoPayPlus is committed to getting you out of personal debt faster and quite possibly assist you in developing valuable equity and/or decrease your total interest payments.

Never ever worry once again about when your expenditures are due or even the chance of “snowballing” into financial debt. Get the loans paid off faster and smarter while tailoring your spending plan to a life that is debt-free.

Loan Consolidation

A bank loan consolidation is usually quite attractive to individuals that are up to their neck in personal debt.

Even though the attraction of paying one regular monthly payment at a lower interest rate can be hard to resist, it is going to almost certainly cost you far more in the long haul. The odds are that you simply will not benefit by getting yourself caught up in undertaking a consolidation, unless of course you are actually and hopelessly drowning with significant interest levels and substantial month-to-month payments.

And if that is certainly the case, before agreeing, know what your month to month payment is going to be. If it’s just as much, or bigger but fits into your current budget, you would possibly want to attempt paying off your bills yourself by increasing your payment amounts. Otherwise you’ll only see benefits in the short term, because you will likely pay more in interest, considering your loan will probably be around for a long while.

Chose a Debt Management Plan

Picking a Debt Management Plan that can assist you in staying organized and prompt with all your expenditures can be extremely beneficial. Most monetary authorities endorse making use of a DMP as the ideal strategy for debt consolidation. As a result of this process, you send out one payment to the company managing the DMP, and then the quantity is going to be broken up among your collectors. This could possibly have an affect on your credit history rating, but the moment you’ve paid off your financial debt in 3-5 years, your score should undoubtedly improve.

Along with the support of a licensed credit counselor, you can use this strategy to meet your fiscal ambitions, strengthen your credit score, and get in control of your funds with reasonable budgeting.

Personal Debt Prevention

One of the best ways to control your debt and your overall budget is to steer clear of all debt in the first place. Needless to say, it’s more difficult than it seems. However, the earlier and faster you arrive at terms with the concept of smart budgeting, the sooner you might be living a life with a lot less stress.

Realize why a lot of people fall victim to debt, in the first place:

  • Reduced Income
  • Poor Money Management Underemployment
  • Gambling
  •  Medical Fees
  • Minimal Financial Savings
  • Underemployment

The overall message from these top causes is the fact that you should be able to plan and set yourself up with a strong, but realistic budget that allows you to stabilize your earnings. If you have extra money, put it right into a personal savings account for unpredictable expenses. Keep away from overspending on things which are not a necessity and be sure to stick to your plan. If you’re presently in personal debt, test one of the other three techniques and if you are successful, do not ever go down that road of debt again.

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Financial

Start Saving 5 Easy Ways

Nowadays it seems like an almost impossible task to find ways to start a savings account. With a bit of ingenuity and creativity it can be accomplished. Here is a review of five ways you can start a savings according to the Federal Trade Commission.

The first way is to have a clear idea of how much money have.  You can do this by listing your income and expenses. Create a list of your income sources including weekly paychecks, odd-jobs, money from hobbies or other sources. Second write up a list of your fixed monthly bills such as mortgage, electricity, cell phones, car payments and other bills. Last make a list of other expenses including gifts, haircuts, clothing, and your daily caffeine-fix on your way to work. Small purchases do add up. These lists will give you an idea of where you could cut back on expenses or pick up additional money.

The second step is to make sure you pay yourself first each paycheck before paying bills or other expenses. This can be easily done by setting up an automatic deduction from you paycheck into a payroll savings plan, or an automatic transfer from a checking account into your savings. This step ensures you have a routine to add money to your savings every paycheck.

The third step is a little confusing. Don’t worry, you’ve got this. It’s about compounding interest. According to The Federal Trade Commission compounding interest is “the interest you earn on your initial investment plus all the interest that accumulates over time.” Interest accounts have what they call simple interest and Compounding interest. With simple interest you earn interest on your initial investment only. Compounding interest is the better choice for your investments.

The fourth step is what we will call “Extra” money. For example, anytime you get a raise you can take that “extra” money from each paycheck and deposit in your savings. Or when you pay off a debt you can take that monthly payment you would have that go directly into your savings. To make it easier, have these payments automatically transferred from your checking account to your savings.

The fifth step is finding creative ways to save money. Any money you do save you can deposit into your savings account. Some interesting ways to save money include going to local beauty school to have the students cut your hair. Often they do this for free or at a reduced cost. At Your local library they have books, music and DVD’s you can borrow for free. Try Bartering for another way to save. You have talents and things that people need, and people have talents and things you need. It’s free and can be fun.

You can start a savings with a little bit of work and creativity. Get your caffeine-fix on the way to work, just do it once a week as a treat. This simple step of a bi-weekly mortgage payment could save you a lot of money.

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