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Silver Conversationalist
Posts: 36
Registered: ‎11-14-2012

Re: money saving tip

Message 11 of 26 (1,794 Views)

Hopefully you are more savvy than you sound.  Low interest CDs and bonds may not be a good investment if their rate is less than inflation.  The only 'safe place' for your money is in the market. Note the quotes.  The market is not very safe right now.  Unless the market has been your hobby for the last few decades you are best having a broker making all your decisions.  Your decision is finding the best broker or better portfolio manager you can.  To do that, you need to know your stuff.  I listen to talk radio investment shows weekly.  After a few decades it sinks in.

 

The best investor companies use programs to analyse how the stock market is changing.  They can predict about when a crash is likely.  As long as they beat the crash by a day they have done their job.  Right now we are in the biggest bubble since 1930.  If you don't have an ace stearing your ship maybe now is a good time to bail.  The problem is in a bubble you can make more in a month than you normally do in a year.  That is why having the best will allow you to make a maximum profit.  Another option is to purchase a defensive stock like ATT.  Its value is detrumined by a combination between the DOW and interest rates.  If the DOW crashes these will be the least effected and that is why they are defensive.  These high dividend stocks produce dividends up to 5%. They have better yeilds than bonds in these low interest times. The higher the yeild the more it follows the interest rates and the less it follows the DOW.

 

Anyone over 50 ought to spend some serious time educating yourself to finances weekly.  Last year I did between double and quaddruple what my friends did.  If you do that from 50 to 80 you will have a pleasent retirement.  Too many of my friends will be in terrible finances. It is common to be in sub-poverty after you retire.  I don't want to live like that so I have made time protect my investments.  Then you don't need to worry about saving a dollar.

Info Seeker
Posts: 1
Registered: ‎11-11-2012

Re: money saving tip

Message 12 of 26 (1,732 Views)

Hello.. good idea, but my way is free!!! Yes free, at the end or beginning of each day I microwave my sponges, this kills all unwanted germs .Just make sure they are a little damp before microwaving. I put mine in for one minute. Wait to take out or be careful  as they are hot for a few.

Conversationalist
Posts: 11
Registered: ‎02-17-2009

Re: money saving tip

Message 13 of 26 (1,737 Views)

I'm surprised that no one has mentioned the wide availability of senior discounts--a great way to save money. I always ask at the customer service desk if a senior discount is available. Oftentimes I'm pleasantly pleased when they say yes. A new barber shop opened up nearby that offers senior discounts for haircuts every day of the week, plus with a little effort I can find coupons that beat the senior discount. Instead of spending $18 + tip I now pay as little as $9.95 + tip (I'm not a cheapskate so I base my tip on the regular senior price). Discounts at my automobile service center, local movie theater, and several nearby restaurants have also saved me a fair amount. Saving money when shopping is possible almost on every outing just by asking--with a smile of course.

Info Seeker
Posts: 2
Registered: ‎07-22-2016

Re: money saving tip

Message 14 of 26 (1,685 Views)

Instead of doing laundry every week do it every 10 days. 3 more shirts socks and underwear won't significantly increase the size of your loads. Set reminders for the 1st, 11th & 21st. So at least 12 washings a year less. That's lots of water, gas/electric to heat the water and a reduction in energy use to power the washer and dryer. Also hang dry as much as you can. The dryer is the wrorst energy waster in the home. You'll save time and cut down your carbon foot print significantly 

Gold Conversationalist
Posts: 72
Registered: ‎12-07-2008

Re: money saving tip

Message 15 of 26 (1,665 Views)

Where to start?  We have reaquainted ourselves with our library because we can order a book online and pick it up within a day or two and read for free.  We are fortunate our local branch is just a couple of miles away and on a route we drive often.

 

I coupon and sign up for rewards programs when it's a place I frequent.  I detest these things, but if you don't use them you are missing out on reduced prices.  But I also buy store brands that are quality and less expensive, many beat a coupon price.  I love Aldi's and Dollar Tree for certain items we like. Aldi's is trial and error for us. Good on lots of things, not so great on others. And we have a little room to stock, so I buy multiples on good sale items. Big ticket items we do our best to research well and wait for sales.

 

We like to cook, thankfully. We can usually do better than most restaurants taste-wise. We leave restaurants for a treat. And if you get familiar with your local VFW, Legion, Eagles etc a lot offer great food, with special weekend breakfasts and other meals at great prices.  Our Legion has wings every other Tues, and none better anywhere and quite a value. Most are open to the public for meals and most memberships at these Veterans clubs are literally dieing out.  They could use public support to survive.

 

We grow a few vegetables, the easy ones like peppers and tomatoes and we are expanding the list. I'm not sure it's cheaper sometimes, but the quality hands-down beats anything in the stores and even some farmer's markets (which we also frequent)

 

We are movie addicts so we pay for Netflix and stay home with popcorn.

 

I have more, but it would be too long a read.

amcoffiebean
Gold Conversationalist
Posts: 74
Registered: ‎04-30-2013

Re: money saving tip

Message 16 of 26 (1,633 Views)

I enjoyed reading your post.  If you have more to add, don't worry about it being too long.  I would love to read it.

Gold Conversationalist
Posts: 72
Registered: ‎12-07-2008

Re: money saving tip

[ Edited ]
Message 17 of 26 (1,596 Views)

Thank you rockaria. Certainly will share some tips I've trained myself to use! And some take a little training until spending the time becomes 2nd nature.......and it will.  I also happen to get a buzz out of saving money, that helps. My family thinks I'm a bit nuts sometimes.

 

If you have a smart phone, I downloaded the Ibotta and Checkout51 apps. Though there are just a few products we would normally buy to receive rebates, there are enough that I've pocketed about $60 between both of them in about 8 months, and honestly I'm not too diligent, I forget I have those apps!   At first it's a bit time consuming until you get in the swing, now I figure I spend about 10 minutes a week with each app to pocket some cash.  There are other rewards apps too, but these worked the best for our shopping habits. Ibotta also rebates some restaurants and retail stores. Checkout51 not yet.

 

I also love Walmart Savings Catcher app because Walmart price matches their competition and scanning the QR code at the bottom of your Walmart receipt with your smart phone automatically searches other local stores for the lowest price and then matches it in the form of a rebate. Almost all the big name retail stores will price match now. When there is a really great sale at one store, I pretty well know now who price matches and I head to that competitor instead. That way I avoid mad crowds and also low or depleted inventory in the advertising store. I also watch my favorite store ads the following weeks because some, like Target (for 14 days) will honor their own new lower sale price after you make a purchase. You dont even have to return the item, just take in your receipt within 14 days.   Just go to your favorite store websites and search for their price match policy and also search for their price adjustment policy.  

 

You will really appreciate remembering the price matching around Christmas when a good sale fills a store parking lot the minute a sale flyer comes out.  Just leisurely cruise down the street to the competiton who offers price matching.

 

Of course I frequent my favorite retail stores on Sr. Citizens Day for anywhere from 10-20% discount on your purchases. We are in FL so almost every store and restaurant has a Sr. Citizens days.  And of course we always ask if AARP membership offers discounts anywhere we go, too.

 

And after having 1, and the only, charge card for 30 years, I broke down and researched the rewards/rebate charge cards paying the best (not necessarily the highest) cash rebates and use it everywhere, even for groceries. We obtained a card that is not restricted to just rebates on gas and groceries or travel, but on everything......just because it suits our lifestyle the best. The rebates on those cards accumulate fast but you must be disciplined and pay your card bill off monthly to make it work for you.

 

I happen to fly a regular route on the same discount airline, Allegiant, about every 60 days and found out quite by accident that you can save considerable money if you can buy tickets for your next flight at the ticket counter as you are departing, instead of online from home.  When you purchase tickets online there are all kinds of state and interstate taxes that are levied onto your plane tickets.  When you purchase the tickets at the airport airline ticket counter, those fees disappear.  I've saved anywhere from $25 to $50 on each round trip tickets doing this.  I've only tried this with Allegiant, so I cannot speak for other airlines, you'd just have to ask, and it may vary state to state. But I've been doing this for 3 years and saved tons of money on tickets over those years. And be kind to fellow travelers: I have my flight dates and my seat selection all selected so it goes fast. The ticket agent can quickly take all your information they need off the computer while it is up for your departing and current flight.  I takes about 5-10 minutes to buy a ticket at the counter.

 

Hope some of you can add to my list!! 

 

 

amcoffiebean
Gold Conversationalist
Posts: 72
Registered: ‎12-07-2008

Re: money saving tip

[ Edited ]
Message 18 of 26 (1,599 Views)

To add: Walmart Savings Catcher doesn't require using a smart phone, it's just easier and saves time scanning a receipt.

 

And a caveat about rewards charge cards that even the fine print leaves out:  Most charge card companies won't recognize the warehouse clubs gas pumps as "gas stations".  If you fill up at Sams, BJs etc you may not be getting your rewards points/rebates.  They also will not recognize the warehouse clubs as office suppy stores or even Walmart as a grocery store. Since most fine print calls the rewards "qualifying purchases" without listing those, you often have to contact the bank/card company and ask those specific questions directly to find out.

amcoffiebean
Info Seeker
Posts: 2
Registered: ‎08-03-2008

Re: money saving tip

Message 19 of 26 (1,414 Views)

I save quite a bit over a year's time by switching to single-ply bath tissue.  I think we all tend to pull off the same amount whether it's more than we need, or not.  I've found that the same amount of single ply does the job just as well as the double and a roll lasts me twice as long.  

Regular Social Butterfly
Posts: 488
Registered: ‎02-22-2011

Re: money saving tip

Message 20 of 26 (1,401 Views)

I'm afraid that this is one thing I won't  skimp on.  I gotta have that 2 ply TP.  Smiley Happy

 

Each to their own.