How to Save Money Everyday in Tough Times – Part 5

This is day 5 and the last installment of “How to Save Money in Tough Times”. If you missed the previous 4 days here are the links:
Part 1 – Tip #1 Stop Watching TV! & Tip #2 Drink Water
Part 2 – Tip #3 Don’t Smoke! & Tip #4 Use Energy Saving Light Bulbs
Part 3 – Tip #5 Buy Used Instead of New & Tip #6 Pay Your Debt First
Part 4 – Tip #7 Pack a Lunch to Work & Tip #8 Save on Your Banking Fees

The recurring theme in all 4 articles is that every little bit matters. Every dollar you save means you save up to $2 of earned income and you can put that somewhere to help you down the road. Money isn’t easy to come by especially in times like we are going through now and it’s very important that we all cut back and think about what the necessities are what the luxuries are. Even a latte at Starbucks could be considered a luxury in the tough times we’re going through so be smart about how you spend your money!

Tip #9 – Go To the Library
This might sound really cheesy but I can’t tell you how important it is to go to the library. First, you can read all the books you want for free! Imagine having to buy all the books that you read, even if books might have gotten cheaper, they still average $15-20 per book. Even if you only read one book a month, that’s 12 books a year which amounts to $225-240 a year. You could save that money and put it to better use, just by taking a trip to the library while giving yourself the chance to read more.

Second, you can learn so much about a new subject such as doing business or saving money. Libraries are a great place to spend time to make you more knowledgeable while saving money. You can learn new things all the time and there will always be a wealth of information! The next best place would be wikipedia.org in my opinion since there’s information about pretty much everything on Wikipedia, a truly great site.

Tip #10 – Make the Most of Coupons & Sales
Many people don’t like sales and coupons because it seems like they’re being cheap. Nothing could be further from the truth. You have to make the most of your chances to save money and coupons and sales are one of the best ways to do this! There are so many ways to find coupons and dates of sales nowadays. The Internet is a great place to start, just visit the website of the company you plan to shop at whether if it’s a grocery store or a department store.

Sometimes you can get coupons online for stores that you might visit. Even if you can’t usually the online stores as well as other deal hunter sites around the internet will give you a good idea as to when you can expect a sale from that store.

If you’re shopping online, be sure to do a quick search for online coupons because there is always a bunch that you can use to get a discount at almost any online store. Every dollar that you save is a dollar you can invest or save on something else.

Mo2 Thinks
Libraries are a wealth of information and they carry a lot of the books that you might see on Amazon or in other bookstores. It doesn’t hurt to take a look and save you some needed cash. I know $15 or $20 might not seem like too much, but in the long run it adds up and you can be saving a lot of money if you understand how each purchase can affect you.

Make the most of coupons that you get in the mail and through your e-mail as well. There are always ways to save money. The best obvious way to save money is to not spend it at all, but unfortunately many things are just simply necessary. But no one ever said that you’re not allowed to save money on necessary things. So do your shopping by searching for the best deal out there for everything!