There are two definitions of "saving money." You can sock it away, or you can never shell it out.
A great way to pull off the latter is with coupons. Some of us don't like to fool with clipping them or downloading them from deal websites, but they add up quickly–and they add up big. If you ask a couponing friend how much they save on their average grocery bill, they'll probably respond with 20% or 30%.
Or, in the case of Delaware's Rodney Osborne, quite a bit more.
Osborne is an extreme couponer, a trait he learned when struggling with money during the recession. He got so good at couponing that he now employs his talents to purchase food at a steep discount–and then give the food to local charities. Recently, he was able to donate $500 worth of merchandise for 50 bucks.
"I am hoping to kill two birds with one stone: Donate to charity and teach those in need how to get more bang for their buck," says Osborne.
Couponing, buying used and other ways to save money don't get the play that earning money gets, but they are just as effective. When you earn money, that's new money coming in. Saving simply means your old money doesn't go anywhere. But the difference in your budget, whether you earned $100 or never shoveled it out to begin with, is just as large. So try couponing wherever you can.
Here is another little-known fact about clipping coupons: It gets you thinking. Some people are so savvy and enjoy the cost-cutting process so much that they'll start to look for other ways to get a lot for less. It gets them in that overall mindset, which can stretch your monthly budget dollars to absurd amounts.
The next chance you get, sit down and determine what ways you can make your money go further. If no one is in the house during the day because of jobs or school, then shut off the heat. Who cares if the house is cold at 2:30 if no one gets home until a quarter after five?
That's just one example. Figure out how your household works and take advantage of the money-saving opportunities where you can. Trust us, they are out there.
Source: This Week (Delaware)