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Archive for the ‘Mucho Moolah, Monday’s Money Saving Tips!’ Category

Baby clothes cheap!

Monday, April 5th, 2010

If you are already a parent, this tip will probably not come as a shock to you, but if, however you are pregnant or a first time parent, this tip could save you a lot of money: Shop consignment baby stores!

Your favorite southern couple has a little announcement to make: We are about to become your favorite southern family! We are expecting our first child early this June!  Because of this, I have been doing a lot of catch up on finding ways to save money for new babies!  Consignment shops like Once Upon a Child or Kid to Kid offer a great way to save some money on baby clothes (and some toys), and pay you for your gently used or unworn baby/toddler clothing that you don’t need anymore.   Some good news?   They don’t just accept any clothing…it has to be in very good condition. 

Although I haven’t even given birth yet, I’ve already checked out some local consignment shops, and was very impressed!  I found 2 little every day rompers that still had the tags on them from the original stores, both originally around $10 a piece, now marked down to $1.50 and $2.50!  What a steal!  The selection was INCREDIBLE, and the merchandise ranged from low end store wares all the way to the designer brands found at high end stores.  Every item was clearly priced and sized on their tags, and the staff was helpful. 

Here’s a shocker: Children and babies are messy.  There are mud pies and markers and dirty diapers and spit up.  Their clothing (for the most part) should be bought to reflect their messy lifestyle, i.e. semi-disposable, which means that spending a ton of money on their regular, everyday clothes is silly.  Take my advice and check out the consignment stores, even if it’s normally not a place you would go, it’s worth the trip, since you are almost guaranteed to save some money!

Great tip for those unused gift cards!

Monday, March 29th, 2010

Whether it is our birthday, Christmas, Valentine’s Day, or some other occasion, at some point we all have received a gift card to a store, restaurant etc. that we’d rather not have received.  Most of us upon seeing it probably all think the same thing,  ”What am I going to do with this???”. 

In the past, our only solution was to go to the store and try to find something that we would want or just forget about the gift card altogether.  These days, we have another alternative: plasticjungle.com.  Plastic Jungle is a website that allows you to sell your unwanted gift cards for up to 85% of the value or swap the card for another card from a store you would actually shop at of the same value!  It’s incredible!  We don’t ever have to be stuck with a crappy gift card again!  Now we can trade for gift cards we like or get cash for the ones we don’t.

Another idea?  It’s a great place to get discounted gift cards for friends and family!  This way you can give them a gift you want to give them and save some money in the process! 

This website offers many options in a world where there weren’t many just a few short years ago.  With gift cards becoming the top choice gift for many people, it’s nice to know that unlike the Scottish terrier sweater your grandmother gives you for Christmas, you can exchange the Bass Pro gift card for something a little more “you”!

Even more ways to save around the house!

Monday, March 22nd, 2010

I’m always talking about ways to save around the house, and today I have even more tips for you!  Check out the following ideas:

  • If you haven’t done an energy audit of your house, then you should!  Contact your local utility company to see if they will do it for free (they usually will), and if not, then check out energystar.gov, and use their guide to do it on your own!
  • Buy and use a programmable thermostat.  These things are great.  We love ours!  We set it to lower the temperature in the house at night when we go to bed, since we’re going to be under the covers anyway, and raise the temperature shortly before the alarm clock sounds.  It’s a great way to save a few bucks!
  • Buy CFL bulbs!  Compact fluorescent bulbs will save you money over the long haul and the last longer as well.  I won’t deny the color is a little different and the bulbs  look weird, but they are well worth it!
  • Put on or take off that sweater!  I know that our preference is for a nice temperature controlled house, and most people don’t have a problem with putting on the sweater in the winter, but it’s just as important in the summer!  I know that we can only take off so many clothes, but the wearing lightweight fabrics, fewer clothes, and running the thermostat at a higher temperature is a great way to save in the summer.  We all (well, a lot of us) love to go to the beach, right?  So why is it that we can stand high temps at the beach and not in our house?  I say if the temperature is hot, deal with a little heat and raise the temp!  For each 1 degree you lower (in the winter) or raise (in the summer) your temperature, you will save roughly 1% off your bill each month!

As of Saturday, we are officially in spring.  Make these tips part of this years spring cleaning to do list, and save yourself some money this summer!

DIY…We should get back to taking care of ourselves!

Monday, March 15th, 2010

These days we hire out all sorts of things that we used to do ourselves.  We pay people to mow our lawns and shovel our driveways.  We pay people to clean our houses and carpets and vehicles.  Why do we do this?  Are we lazy?  Too busy?  Do we have too much money?  No matter what the reasoning is, as individuals who need to save for our future (I don’t know anyone who doesn’t need to do that), we should be doing these things for ourselves as opposed to hiring them out! 

So you say you don’t know how to do certain things around the house?  Learn.  Lack of knowledge is no excuse for not doing something!  Check out the Diy Network for instructions on how to fix lots of common things around the house.  Every time you fix something yourself, you’re saving money for your future!   If you’re hiring out lawn mowing and driveway shoveling, stop.  Unless you are not physically capable, there is no reason you should be paying someone to do things around your house!  Besides, a little extra physical activity is good for us all!

Your favorite southern couple hates to hire out work.  We try to do as much as we can ourselves, and only hire out when absolutely necessary (having a broken tree removed from our yard, for example).  If we don’t know how to fix something, we research it.  We do understand that not everyone is “handy” around the house, however.  If you’re not handy, then befriend someone who is, and trade services.  Whatever your talent, exchange that for their help.  Maybe they fix your toilet and you help them (as a personal trainer, for example) teach them a basic fitness program in return. 

Whatever the circumstance, figure out a way to do things for yourself!  Not only will you save money, but you will become more self sufficient!

Get your audiobooks for free!

Monday, March 8th, 2010

I know that some of you don’t do audiobooks, but for those of you that do, you know that newer release books cost quite a bit to download/purchase.  Well, this weekend, while trying to find the best price on an audiobook that Jerrill and I wanted to listen to, we stumbled across a great way to listen to them for free!

Our local library (and hopefully yours as well) offers audiobooks to be downloaded on their website for free!  Our local library connects us to NetLibrary, an eBook and eAudiobook content distributor.  They have a huge selection for their members to choose from, and offer the content FOR FREE for a set time.  The audiobook we wanted to listen to was available, and with an access code, we downloaded it for free for 20 days, which is more than enough time to listen to an audiobook!

Take it from me when I say that this is a great way to read or listen to books!  Not only is it free like your local library, but you don’t even have to leave the comfort of your own home!  What a great way to save some money!

Saving on ATM fees!

Monday, February 22nd, 2010

ATM fees are one of those things that we all probably wish would fade away (except perhaps the owners of the banks), considering they usually run $2-$4 each time, possibly from each bank!  Luckily, there are a few ways to avoid these fees.

The first is the obvious choice: Use only your own bank’s ATMs.  Not one on your current daily route?  Look into changing routes, or possibly changing banks to a bank with ATMs near your home or on your daily route.  One caution though:  Be sure if you decide to change banks for a more convenient location that you don’t switch to a bank with less features or worse interest rates/customer service. 

A better choice?  Skip the ATM and get cash back when you’re buying groceries or picking up something at the drugstore…any place that offers a cash back feature is a substitute ATM, without the fee.  Another good reason to use this method?  You definitely do not have to go out of your way to get the money you need!

Another option is to switch to an online bank that refunds its ATM fees (a new benefit, recently cropping up).  A great place to find a bank with this feature is Bankrate.com

With any of these options, you can save money on your bottom line every month.  The money you save can be allocated to paying off debt or go into savings, because let’s face it, you weren’t missing it in the first place.  It might as well be put to good use!

Saving on auto insurance!

Monday, February 15th, 2010

Premium prices on auto insurance are a killer.  Nobody enjoys paying more than they need to for insurance, so here are some ideas on ways to save some cash. 

  • Raising your deductible can save you plenty of money, if you are able to cover said deductible when and if you are in an accident.
  • Skip the collision insurance if your car is worth less than 10 times what you’d pay in a year for the collision insurance.  Need to know what your car is worth?  Got to kbb.com to find out!
  • Check into other discounts that your auto insurance offers, like good driver discounts and good grades for teens.  Another option to check into?  Combining home owners insurance and auto insurance at the same company can save you money too!
  • Check around and compare prices at insweb.com.  You might be able to lower your rates by up to $300 less than what you’re paying now!  

Good luck!  If you have any other ideas that could help lower auto insurance, feel free to share them in the comments section!!

Fees and mirroring…

Monday, February 8th, 2010

For most of us, fees are the type of bill that give us heartburn or headaches.  They stink!  And, if we’re actually paying attention to our bills, fees just irritate us to no end.  Especially when we see all the extra taxes on there lumped in with the fees, since we give Uncle Sam plenty out of our paycheck every year.  But noticing these fees is very important!  As a matter of fact, being vigilant and reading through your bills as they come in is very important, since not only might you be paying a fee you shouldn’t, but you could also catch a company in the practice of “mirroring”.

I will be the first to admit that it is sometimes difficult to decipher fees when the bill comes in, but that’s no excuse for not knowing what is happening on your account.  If, after pouring over the bill for a little while, you still can’t figure out what is going on, call the customer service line and ask them to explain it.  A nice added benefit?  If you’re more vigilant about bills, it might carry over into your bank account, and then you won’t be charged overdraft fees (if you were overdrawing in the first place, because let’s face it, you shouldn’t be).  Overdraft fees from banks are one of the biggest stupid taxes around.  If you pay attention to how much you have in your account, you won’t be charged.  It’s only when you are unaware that they happen, and no one should be unaware of what’s going on with their money.

Now, how about “mirroring”?  Mirroring is a practice of charging you twice in the same month for only one month’s service, by companies who have access to your bank account because you’ve set them up on an auto pay function, where they have access to your account.  I use this feature myself, although, truth be told, I’m very sceptical of it.  We check our bank statement carefully each month to ensure that mirroring does not occur, and it has happened to us in the past.  Usually it’s not terribly complicated to get adjusted, if you catch them quickly.  The problems start to occur when you haven’t noticed the problem over the course of months, or a year, and them try to get your money back.  They have had it for a year!  It doesn’t always go well if you wait.  Remember, if you give a company access to your account, then you have the responsibility to yourself to ensure that they are doing right by you and only taking what they are supposed to take.  Never let them take advantage of you!

Taking on too much & treating yourself…

Monday, February 1st, 2010

Okay, so what happens when you decide that you want to lock down your finances, follow a budget and get out of debt.  We know that getting out of debt can be a boring and tiring experience, but you can take some precautions to guard against that. 

First of all, stick to your budget, but allow yourself a little indulgence on rare occasion.  Why?  Well, it’s my opinion that everyone only has so much willpower to give to something, and eventually they will break and indulge anyway, so little indulgences keep away the big ones.  So, what types of indulgences are little?  Well, when you’ve got your finances locked down, and you’re buying basic needs only when it comes to groceries, TV and movies/shows etc., on occasion it wouldn’t hurt to buy a nice meal from the grocery.  Make that a special family night with a nice meal and some board games or something.  Or, you could save a couple of bucks every week out of your grocery budget to take the family to the movies or some other inexpensive activity.  Your choice!  The point is to indulge occasionally to keep you focused and on task, without blowing through your budget.  If you never treat yourself, you might fall off the wagon.  Notice to those of you who are “used to” treating yourselves…this does not mean you can do your normal “treating”…no mani/pedi’s, or blowouts, or daily cupcake from the specialty $10 a cupcake store, or expensive clothes/shoes/tools.  This is a small indulgence.  A $20 pick me up a couple of times a month.  If you can’t stick to that, you’ll never get out of debt.  And no, you don’t “deserve” those mani/pedi’s, because they are what got you into debt in the first place! 

Trying to do 2 or more hard things, like getting out of debt and quitting smoking (for example) at the same time, means even more added stress to your willpower.  You have to give a little slack and indulge yourself  while getting out of debt, because the alternative,in this example, is indulging in smoking.  Not cool.  And indulging a little there would save you money anyway, since once you quit smoking, you would have a ton of cash to put toward paying down your debt!

What’s the take away?  Get on a budget.  Pay off your debt.  Learn to live like an adult who doesn’t get everything they want every time they want it.  But stay on this path for the long haul by making the occasional small ticket splurge!

No tip today…

Monday, January 25th, 2010

We have had a death in the family, and will not be posting a tip today.  Please check back Wednesday for a new post!  Thank you for reading!