Best Way to Save Money

Look for Sales and Clearance

Although the best way to save money can vary from person to person, depending on age, family size and other characteristics, there are still some easy things that all shoppers can do to keep more money in their bank accounts. For instance, if you're considering a large purchase, you can save a significant amount of money if you're willing to wait for sales and end-of-season clearance offers. Even smaller expenses, such as your weekly grocery bill, can be reduced by paying attention to sale ads. However, don't buy something just because it's discounted. Spending money on products you don't need is never a good way to save money.

Use Coupons

A single cents-off coupon may not seem like a big deal. However, savings can quickly add up with consistent use. If your store doubles, a 50 cent coupon could earn you a full dollar off the cost of a product. In addition, not all coupons are pieces of paper. Online coupon codes can earn you free shipping or a percentage off your total.

Don't Be Brand Loyal

You can save more money with sales and coupons if you are not loyal to a specific brand. If you're not committed to a specific type of toothpaste or shampoo, you can even occasionally get these products completely free through drugstore rebate programs.

Avoid Impulse Purchases

When you shop, a best way to save money is to have a plan in mind to help you avoid impulse purchases. For instance, you might leave your credit cards at home and only carry the exact amount of cash that you will need for your planned purchase. Some shoppers agree to discuss any purchases over a certain dollar amount with their spouses first.

Know When to Pay for Quality

Sometimes the best way to save money in the long term is to spend a little more money right now. A good piece of furniture can stay in the family for decades. A high-quality pair of shoes will last longer than a bargain pair and prevent foot pain. Leaner cuts of meat and organic produce provide health benefits for your family.

Buy Secondhand

Check classified ads, craigslist, thrift stores and garage sales for used clothing, toys, furniture, and much more available at a fraction of their original cost. For the ultimate in secondhand savings, check out groups like Freecycle where members offer unwanted items for free to anyone willing to pick them up.

Borrow Instead of Buy

If you're only going to use something once, try to borrow it instead of spending your money on it. Borrow a tool from your neighbor. Swap books with a friend. Check out the resources at your local library. You'll also be reducing clutter in your home.

Make Your Home Energy Efficient

While saving 40 cents here and a dollar there can add up over time, you can experience even greater savings month after month by making your home more energy efficient. Sealing drafts, installing compact fluorescent light bulbs and installing a low-flow showerhead are just a few of the possible changes you can make. You'll conserve energy while also conserving money.

Drive Responsibly

No matter what the price of gas is at the pump, you can cut fuel costs by obeying the speed limit, accelerating slowly and maintaining a steady speed - all habits that will help you get the best gas mileage. ---- Interested in even more ways to cut your expenses? Learn more helpful money-saving tips at LoveToKnow Save or by using the list of best search engines to find fabulous deals.

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Best Way to Save Money