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5 Things You Shouldn’t Be a Cheapskate About

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I’m all for saving money. In fact, cutting my budget and spending is the first thing I did so I could start putting more money toward debt each month. Of course, I quickly learned that I needed help on the other side of the equation too, thus I started a side hustle that eventually lead me to full-time self employment. But that’s something I’ve talked about already. As much as I cut my budget, there are still something I knew I couldn’t be a cheapskate about. There are times that being a cheapskate ends up backfiring and actually costing you more money in the long run due to the low quality of cheap products and services. In my opinion, it’s best to find a balance between quality and quantity of what you choose to buy. That said, here 5 things you shouldn’t be cheapskate about if you really want to save money. Healthcare Last weekend I started getting sick. That’s why I missed putting my post up on the blog last Monday. As I lay in bed moaning about the pressure in my head from my allergies and a sinus infection, I realized that not having sick leave and still ...

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Is It Worth Clipping Coupons In 2016?

Is all the time and effort worth clipping coupons this year? Does a measly 30 cents justify the time clipping and cutting and keeping out for a lookout for a discount on peanut butter? It actually does make sense and we’ll help explain exactly why you should collect coupons. The Trickle Effect 30 cents might not sound like a lot, but consider the multiplication effect. Lets say you go grocery shopping one time in bring in 10 coupons that save you a total of $5. It might not sound like a lot. Now consider bringing $5 in coupons for each of your four shopping trips per month. That’s $20. Do that the whole year and that amounts to a nice $240 more or less equal to that Christmas present you didn’t think you could afford your significant other. Coupons Are Easier Than Ever To Collect No longer do we have to spend the time like our Moms did back when, getting the newspaper, clipping coupons, and building up a not so elegant coupon binder. Going out to buy toothpaste? Moms got a discount in her binder. With the internet, and subsequent savings blogs, finding coupons has gotten easier than ever. ...

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Tricks for Saving Money

saving money while gas is cheap

For years, we had the hardest time saving money. Although there was money coming in, it made the briefest of stops in our checking account and was out the door before we could even register a bump in the account balance. We used debt, busy lifestyles, and the Joneses as excuses and figured it was normal to be living paycheck to paycheck. After deciding to dig in and finally get out of debt, we also learned a few tricks for saving money along the way. Gas is On Sale, Save Up! Perhaps one of the best tricks for saving money right now is based on oil and gas prices being lower than they were two decades ago. Unfortunately, most people will end up spending any money saved at the pump. I have no problem with taking a cheap road trip to cash in on savings, but don’t waste extra dollars on eating out or even worse, buying a brand new gas guzzler just because you can. If I have learned anything during the years since obtaining a driver’s license, it’s that gas prices fluctuate. Everyone loves cheap gas. Then, once prices rise, out come the articles and testimonials about how ...

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Black Friday Shopping Checklist

shopping on Black Friday

Although hard to believe, another Black Friday is almost here. Shopping the day after Thanksgiving can save conscious consumers all kinds of money but also has the power to derail a holiday budget or even worse, send people into debt. In order to avoid that latter, it’s important to have a Black Friday shopping checklist in place before spending a dime. Missing Black Friday Isn’t the End of the World Black Friday is not the end all be all when it comes to bargains. In fact, many door busters have very limited quantities. Unless you’re willing stay up late or get up obscenely early to fight the crowds, you could miss out on some of the bigger advertised deals. Don’t fret. There are usually other deals available. Being able to shop on your own terms is sometimes worth more than saving a few bucks. Thanksgiving and Black Friday shopping have gotten kind of crazy over the past few years. I’m kind of happy that some stores are bucking the trend and staying closed with REI even shunning Black Friday altogether. If you do decide to venture out on Friday, it’s important to be prepared. Make a List Lists aren’t just for ...

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Don’t Leave Free Money on the Table

leaving free money on the table

We all like free things. Why else would people stand in line two hours for a free pancake? Sometimes wasting our precious time for things that return pennies on the dollar is not a smart idea, but what about legitimate free money being wasted or left on the table. Even if you’ve been guilty of not giving your money the attention it deserves, there is no time better than right now to make changes. Don’t Get Penalized for Being Late My daughter got her first quarter report card last week. I don’t expect perfect grades, but one area where I will insist on perfection is with turning in homework. Third graders get a letter grade on report cards for having their homework done on time. It doesn’t matter if it’s done neatly or correctly, it just has to be turned in when it’s due. I’m always blown away by how many students don’t turn in homework. Yes, I realize that some kids don’t have the stability at home to get any work done, but it’s not just the troubled kids who don’t turn in assignments. This is the easiest A anyone can ever get! I see this with adults as ...

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