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Posts Tagged ‘saving money’

A better way to win those eBay auctions…

Monday, July 19th, 2010

I love looking on eBay,  They have so much stuff!  Used or new, you can find all kinds of interesting things on there.  Frankly, however, it can be a pain in the butt!  It irritates me that they overcharge on the shipping, and, if you really want something, you have to use the “buy it now” option, since it’s almost impossible to win an auction these days…until now!

Bidnip.com is an auction sniper site that will swoop in at the last minute on an auction, and, for a very small fee (generally less than a quarter), snag the item for you!  If you don’t win, you get your change back!  This will help you save up to 50% on your item, which will make you feel a little better about the ridiculous shipping costs that the sellers charge!  Also, if you’re not sure you want to sign up with them, they let you have a free trial, just to be sure.  No obligation, no worries.

Happy shopping!  Save some money.

Why generics are awesome…

Monday, July 12th, 2010

I have said many times before, that buying generic will save you lots of money, but today I have a very good example  of how a couple of little things can save you lots of money.

As our regular readers are aware, your favorite southern couple now has a daughter.  At around a month old, her requirements are mainly food, diaper changes and sleep (and the pacifier, haha).  Another requirement, we have learned, is that of gas relief drops, like Mylicon.  The stuff is like liquid gold.  We go through an ounce a week, for crying out loud, and at about $13 an ounce, buying that stuff at the grocery, frankly, hurts.  The good news is that while at another local grocery store, we found their generic brand drops for only $4 an ounce!  That’s a savings of $9 a week, or $468 a year!  For those of you looking for a good start on your vacation fund, saving on generics like this is a fast track to making it a reality. 

Review your weekly expenditures and try and find the name brand things that can be swapped for generic.  It doesn’t have to be all of your weekly expenses, but $10-$15 a week adds up, and will be a nice boost to your savings, or a good start on a vacation (or at least a nice long weekend)!

Wasting money…

Friday, June 18th, 2010

I found a great article for today on Walletpop.com, titled 10 products you”re wasting your money on.  Not only is the article funny, but it does point out several things that people buy/spend money on that are unnecessary. 

My favorite item on the list has to be weddings, since I have somewhat of a personal vendetta against high cost weddings.  It’s not that I don’t want people to have a nice wedding full of memories, it’s just that I don’t think we need to spend an average of $19,000 (according to the article) to make these memories.  Friends and family make the memories of your wedding (trust me on this), not the decorations.  Use less expensive decorations/venues to cut costs.  Have a friend throw you a “stock the bar” shower as opposed to a lingerie shower, since we all know that the lingerie ends up on the floor anyway, and save a ton on booze.  Either way, cut your costs, and put that money into savings!

Another favorite off the list?  Kitchen gadgets!  We all love them and we all buy them (unless of course, you use your kitchen as a closet or can only cook 5 meals, and therefore eat our a lot), but do we really need them?  Be honest!  Do you really need that pasta maker?  Have you ever made pasta from scratch?  Or is it more likely that you bought the gadget and still buy your pasta pre-made from the grocery?  Whatever the gadget, chances are you don’t need it!  You should either save that cash, or put it toward something useful, like saving it up to buy a good set of knives or cookware!

There are 8 other items on the list, which I strongly suggest you check out!  Some are funny (electronic litter box, anyone??), and others are practical, but all are a waste of money!

We would like to take this time to wish everyone a Happy Father’s Day this Sunday, and would also like to notify you that we will be taking next week off from writing, as we celebrate the birth of our daughter.  As our regular readers know, we take family time very seriously, and think that spending time loving each other is a key element in a happy marriage, and of course, loving more and living better.  Therefore, that is what we’re going to do next week!  Have a great week next week, and we’ll see you soon!

Father’s Day gifts for the frugal shopper, and neat ideas for the NEW DADDY!

Wednesday, June 16th, 2010

Last month we posted some ideas for the frugal shopper looking to get mom something special for Mother’s Day, and now, with Father’s Day fast approaching, we’ve decided to post several links to websites that have some great tips for the gift givers!  For ideas on inexpensive gifts for Father’s Day, check out the following links:

  • Better Budgeting - Some great ideas here!  My favorite is the idea of yard service.  This is great for the father who doesn’t relish the idea of getting out in the heat and working in the yard.   A truly thoughtful gift.
  • About.com - As for this website, I personally like the “week of special lunches”, since Jerrill takes his lunch to work everyday.  I think this might top my list for next years Father’s Day!
  • iVillage.com - This has some good tips for the 1st Father’s Day for a new dad!  The big idea here is keeping it simple and inexpensive, and I wholeheartedly agree, since most men I know wouldn’t want you to break the bank on their Father’s Day gift anyway.  Men are men.  If they want something for themselves, they generally go get it!
  • Associated Content - This has some sweet ideas and some funny ideas for the new dad.  I LOVE the “new dad diaper changing survival kit”!  This is a great little funny gift for the dad with a sense of humor!

So, with my baby about to be born any day now, you might be asking what your favorite southern woman has done for her man on Father’s Day.  Well, I have 2 presents in store for him (I don’t mind sharing…he’s a little busy with baby stuff right now, and won’t likely be reading this week’s posts, haha).  The first is a picture frame that will have our first family picture in it, that he can take to work.  The second is my favorite however.  I have had his wedding band inscribed, something personal from just me to him, because even though it is Father’s Day, the joy of our baby would not have been possible without our love and devotion to each other, and it’s always good for couples to remember that.

Hope these links help you find the ideal and frugal gift for your dad!  Good luck!

AAA is more than just for flat tires…

Monday, June 7th, 2010

Today I wanted to talk about the advantages of a AAA membership.  The cost of the “Classic” membership, AKA the cheapest membership runs between $65 and $85 a year (for the first person, with additional members costing a small additional fee), and comes with many more advantages than just flat tire repair. 

Along with the companies distressed driver services (roadside breakdown, flat tire, a dead battery and car keys locked in the car, to name a few), they also offer features like Triptik, their online travel planner (which my mom has used for years and loves it) maps and apps for your GPS and your iPhone, and tour books!  On top of all this, some local AAA offices are affiliated with your local DMV and can allow member drivers to take care of vehicle registration, lost license plates and car stickers and transfer out of state vehicles (a serious pain in the neck, if you’ve never had to do it)!  Another benefit?  They have recently added identity theft monitoring with specialized people in their fraud relosultion support department, which is a free program included in your membership…all you have to do is sign up!

The other great benefit to a AAA membership?  All the discounts!  Discounts can range from 10%-30%, depending on the location, and can include locations like hotels, rental cars, gym memberships, restaurants, sporting events, prescription medicines etc.

With all of these benefits, a Classic AAA membership seems like a great deal, and, if you have your budget on track (i.e. no debt except the house), this should be a great way for you to save some money!  Now, if your lifestyle dictates that you’re on the road a lot (salesman, for example), then you should consider this service, out of debt or not!

On a personal note, your favorite southern couple is fast approaching the due date of their first child, and therefore, will likely miss a post or 2 in the upcoming weeks.  If, you, our wonderful readers, visit the site and find no post for the day, please be assured that we will be back soon, and will post pictures of the newest addition to our clan as soon as we get the chance.

Something sweet? How about free doughnuts TODAY!

Friday, June 4th, 2010

Today’s article is about National Doughnut Day, which is today, June 4, 2010!  The article, Honor history and eat a (free) doughnut, by Teresa Mears, tells the history of the doughnut (who knew that National Doughnut Day started in 1938 as a fund-raiser for the Salvation Army??) with regard to the U.S.  and all kinds of other fun facts for the reader.  I loved all the trivia!  What did I love more?  The info about free doughnuts, since as most of our readers know, we’re love deals and freebies!  So, where can you get free doughnuts?  Read on:

  • Krispy Kreme – 1 free doughnut per customer, no purchase necessary!
  • Dunkin’ Donuts – free doughnut WITH the purchase of a beverage!
  • LaMar’s – 1 free Ray’s Original Glazed Doughnut, no purchase necessary!
  • Shipley Do-Nuts – Free glazed doughnut WITH purchase UNTIL noon!

Don’t have one of these shops near your house?  Check with local mom and pop shops to see if they’re celebrating the day!  If not, explain the day and see if you can get a freebie (or freebie with purchase).  Hey, it never hurts to ask!  Have a great National Doughnut Day and happy eating! 


A special thanks goes out to Amy for bringing such a yummy article to our attention!

The lottery is robbing potential millionaires…

Friday, May 28th, 2010

In a new post on The Consumerist, the author shared that a recent study found that poor people, those making under $13,000 a year, spend 9% of their income on lottery tickets.   As sad as this fact is, it gets worse if you think about it.

So, I did a little math, and if these people, who don’t make above the poverty line, invested that 9% of their $13,000 a year, which works out to $97.50 a month, over 50 years with a 9% return over that time (reasonable rate of return), they would have a little over $1 million dollars at the end!  Yes, you read that right!  $1 MILLION dollars at the end!  That means that there is a good chance for ANYof those people earning $13,000 a year to have a million dollars when they retire, if they are disciplined enough to invest what they spend on a chance at instant gratification! 

And that’s the difference, isn’t it?  Most of us DO NOT win the lottery.  We know that it only parts fools from their money.  What truly helps people build wealth is discipline with their money and the ability to wait for the payoff over time.  Problem is, I don’t know if a poor person would believe me if I told them that they could have $1 million dollars when they retire.  However, given the study and the little bit of math above, we hope you decide that the lottery is a waste of money and perhaps saving to become a millionaire isn’t as hard as you once thought it was!

What it truly means to live within your means!

Wednesday, May 26th, 2010

We all know that living within your means is, in its most basic form, living within your household budget.  However, I wanted to point out that there are many other ways that we overspend at work, for example, that can be adjusted and will help more people than just ourselves!

Let’s talk about being a teacher.  It’s a truly stressful job.  They have 100 students (at least) every day that need to be educated with not only the subject that the teacher is charged with teaching but also the life lessons that some of our more lackadaisical parents “don’t bother to” or “forget to” teach their children at home (FYI…it is NOT the job of a school teacher to teach your children the good morals and values of our society…that is in YOUR jurisdiction!).  Needless to say, it’s a little overwhelming.  What’s more, the money system set up around the education system (at least the parts I know about, as I am not an expert) is ludicrous.  For example, the school system allots each teacher a certain number of copies that they are allowed to make per year on the copy machine, and if they want to make more, they have to pay for them!  That puts added and undue pressure on the teacher, because let’s face it, toner and copy paper are cheap.

 However, silly as it is, it is the workplace version of “living within your means”.  But not all teachers do.  They will either spend money out of their own pocket to buy supplies, or send home a list of supplies that the parent MUST provide for all of the various projects the teacher wants to do.  All I have to say is, my oh my, what a mess!  Teachers are given a budget.  They should have to work within that budget (and yes, I am absolutely certain that their budget is too low and doesn’t help much, but it is what it is).  By buying supplies out of their own pocket, they are saying that the budget is meaningless, and that sets the wrong example for the students.  I love the generous nature, but they shouldn’t take the burden on themselves and set a bad example for the children.  And if they decide to pass the cost onto the parent?  Well, the parents at home have their own budgets and money problems to worry about, and the decision to have all of these wonderful projects impacts them too!

So, what is a teacher to do since they’re being squeezed on both sides?  Get creative!  If they figure out less costly projects and methods for teaching the same lesson, they will be able to stay within the budget the school set for them without passing the cost on to the parents!  I know that the replacement projects won’t be as full of bells and whistles, but the object of the lesson is to teach something, and that usually doesn’t require fancy projects.  Also, as long as the teacher has a computer with an Internet connection, she can show the students whatever she wants to show them!  For example…let’s say the teacher originally wanted to have the students build volcanoes for science class.  All she has to do is have them read the chapter, discuss it in class, then show the students this on the projector.  It’s not AS cool, but it works and it’s pretty much free!

I’m not trying to pick on teachers, just so you know.  I just wanted to give an example of how we have a mental disconnect between living within our means at home and at work.  We shouldn’t be frugal at home and a spendthrift at work.  Apply the same principles at both places, and get creative on your savings!

The power of your thoughts…

Wednesday, May 19th, 2010

I read a quote earlier this week, and it inspired me to write this post.   The CEO of Independent Means, Joline Godfrey, was quoted on CNNMoney.com as saying that we should “Raise our children to make a job, not just take a job. If they don’t know how to create a plan, they’ll always be beholden to someone else.”

I LOVE this statement.  It shows the power that your thoughts and your point of view can have on your life and your future.  You see, all too often we take the “glass is half empty” approach to life.  We are pessimistic, we expect the worst out of life and out of people we know and meet, and more often than not, we shouldn’t be doing that. 

I like to say that if you want a different outcome, you have to take a different path, and that you shouldn’t let life happen to you, you should happen to your life.  This way of thinking/doing things puts you in a better position to make positive and, on occasion, very lucrative/beneficial decisions for your future because you’re not just following the simple path or a previous path…you’re challenging yourself to be better.  This is the same idea behind Ms. Godfrey’s statement.  By telling people to raise their children to make a job and not just get a job that someone else is offering, she’s not just telling people to be entrepreneurs, she’s telling them to think for themselves, think of what they can make of themselves, and to learn how to plan for their future.  In my opinion, one key difference between the “haves” and the “have nots” of this great nation is that the “haves” have created and are on a plan.  They think positively and shape their point of view to the path that best benefits them.  It doesn’t ALWAYS matter what plan you’re on…more often than not, it just matters that you’re on a plan.

Just a little food for thought in the middle of your week.  Try a different approach.  Think positively.  Create a plan.  See how things turn out.

Trimming home insurance costs…

Monday, May 17th, 2010

It’s time for spring cleaning, and in our opinion, that should include cleaning up your budget and bills.  Given that information, today I wanted to offer a few tips on cutting the cost of your homeowners insurance.  Here are a few ideas:

  • Raise your deductible to $1,000 – Let’s face it…if you ‘have to use your insurance for your home, you’re likely to have to spend WELL OVER$1,000 on whatever the repair might be , and you could save up to 25% off your yearly premium!  It’s a good choice!  Plus, if you have an emergency fund, like we suggest, of at least $1,000, then you would have the money to cover the deductible.
  • Use the same company for both your auto insurance AND your homeowners insurance – This is a no brainer!  Most insurance companies offer discounts when you have multiple accounts with them, which could amount to 10% off your premium.  No sense paying an extra 10% just to be able to use 2 different companies.  Find the company with the best rate for both policies and go with them!
  • Check with your insurer to see if they offer loyalty discounts – Not all of them do, but the insurance companies that do will give discounts up to 10%.  It’s worth looking into, although you might have to have been with them for several years (at least 5).
  • Install dead bolts and/or a security system – Not only is it a safety issue, but it’s a good way to save an extra 5% on the homeowners policy.  Check with your insurance company to see if other safety features can be added to your home to increase the discount even more!

Whether you implement all or just one of these tips, you will see the difference on your bill, and that money can be used as savings, debt payment or additional funds for another under-funded budget category.  “Trimming the fat” out of each bill is a key way to making your budget work for you!