Money Management

Stretching the Dollar

Stretching the Dollar

In an economy where it is important to keep to a strict budget, some families still find themselves barely dragging along. Getting more out of your money takes discipline and a whole lot of creativity. Using just a few or all of these tips is sure to stretch your dollar adding a little more wiggle room in a tight budget.

Couponing

It cannot be stressed enough how helpful coupons are. Almost all stores are sure to send out a monthly or even weekly newsletter that is filled with all sorts of coupons. Get more bang for your buck when you utilize all coupons available to you. Before your next visit to the grocery store, make a list of what you need, and then find as many coupons for the items on your list that you can. You will see a major decrease in your grocery store bill.

Buy in Bulk

Buy all non-perishable items in bulk. Necessities like toilet paper, toothpaste, shampoo, conditioner, body wash, toothbrushes, canned items, etc. should all be bought in large amounts. Bulked items are usually cheaper than buying regular packaged sized items in the long run and will last your family a while.

Coin Jingle

You know all those pesky coins you have lying around on the counter, car, purse, couch, etc.? Save all unused coins in a jar. Make sure to put all those coins in the jar at the end of each day. At the end of the month put your change in a machine, like coinstar, and turn it into cash for a small fee. You can add this money to your monthly budget or put it in savings.

Good Credit

Try not to use your Credit Cards as spare cash. Only use it sparingly. How will this stretch your budget? Not using your credit card frequently will reduce the amount of money you put towards it when paying it off. This leaves you with good credit, no credit card debt, and a little extra money to keep in your wallet.

A Little Help

Especially in this economy, it is a little difficult to make ends meet every month. When that is the case it is always okay to get a little help. There are many companies, like InstaLoan.com, that provide customers with the money they need quickly. Whether it is just a small amount of money to a large amount, it is easy for a family to get the little bit of help they need to get by that month.

Know the Sales

When it comes to shopping at your favorite stores, know the sale cycles. Whether it is once a month, every other month, or once a week, make it a point to shop at those stores during their sale times. This will give you the satisfaction of being able to shop at your favorite stores without breaking the bank.

Home Cooked

Try not to go out to dinner constantly. Instead make dinner with the family. This saves money while also providing you and your family with quality time together. Also bring a lunch to work so you are not tempted to buy a lunch. Only buy what you need.

Skip the “Luxury”

People tend to want the best in everything, homes, cars, clothes, etc. Name brands mean everything in our society but these brands can sometimes be the reason for living on a budget. You do not have to live in a big luxurious home. Buy a home that is a suitable size and safe for your family. When it comes to buying a vehicle go used. They are in great shape and are significantly less money. Brand names even make a difference at the grocery store. Their off brand products are significantly less money than their brand name products and are of the same quality.

Stretching your money to give you a little more wiggle room on a budget can be difficult but after a little time these practices become a habit. Get creative when it comes to spending money.

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