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3 Ways to Save Big Bucks

Sep 4, 2013 | Personal Finance

Save money with 3 easy tips

Now that school bells are starting to ring again, parents are scrambling to find ways to save money on supplies, clothes, food, extracurricular activities, and car pooling. When all of these needs are to be bet simultaneously, it can be stressful and overwhelming so why not share the burden? Here’s how…

1. Have a friend or neighbor split the membership cost of a wholesale retail store like BJ’s, Costco, or Sam’s Club. Next, sit down together and make a list of common households you both need (i.e., paper or cleaning products, packaged meats or cheese, drinks packaged in bulk, etc.). Time to shop…pick up large bulk packages of the things you and your friend need, then split the items and costs when you get home. It’s a win/win for everyone.

2. The internet is full of discount programs however there are 3 primary ones that have been especially successful – Groupon, BuyWithMe, and Living Social. All offer discounts on items from local retailers as well as bars, restaurants, gyms, golf, and more. Check any of these out to for further information.

3. Lastly, we’re seeing more uptick in food buying clubs over the past two years due to tough economic times. Because consumers have cut down on eating out, they’re making efforts to feed their families healthier foods at home. This is when small groups of friends or neighbors buy groceries from wholesalers or local producers. So far, about 350 food cooperatives with storefront operations have grown out of the small clubs.

The information provided is for informational purposes only and is not a substitute for professional financial advice. You should consult a credit counseling professional concerning the information provided and what should work best in your financial situation. And any action on your part in response to the information provided is at your discretion.

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