I'm reposting this from my original blog- I hope you will find it helpful! Feel free to chime in with your own money saving tips!
How do we manage a household of six on one income? The answer is simple: being thrifty consumers by spending mindfully (and, hopefully, armed with coupons). Yes, those who knew me back in the day are taken aback by my newfound shopping savvy. Here are some of our best tips for saving money...
1. The most important rule: think before you buy- and think hard before you make a big purchase. Research major purchases using consumer reviews on amazon.com, epinions.com, tripadvisor.com (for hotels when you vacation) and the granddaddy of all consumer research- Consumer Reports (pay special attention to those items labelled as Best Buy to get the most bang for your buck). Even before delving into research, ask yourself "is this a want or is this a need?" If it's a want, think of all the "wanted" stuff you've bought over the years that have accumulated dust in your garage or storage area. We get too quickly suckered into "wants" that end up rotting away in landfills.
2. Cook! Preparing your own meals at home saves not only your wallet but your waistline as well. We very very rarely go out to eat and end up spending a lot less on food than the typical American family. If we do eat out, it is to celebrate a special day or to take advantage of a "kid's eat free" special (check out
http://www.mykidseatfree.com/ to find restaurants that offer this type of special in your area). I'd say we probably dine out once every other month (not counting times when we're travelling). Fast food is practically verboten and purchased only in emergency (i.e. we didn't get a chance to pack lunches for a road trip etc.)- Jon & I usually purchase kids size meals or share a side. When we do travel, we also try to book rooms with a kitchenette so we can prepare our own meals. Yes, these rooms do cost a bit more but the amount we save on meals while on the road makes up for the difference in room cost. If you feel you're short on time to cook, keep in mind that you can whip up a pretty good meal in 15-30 minutes...I know I do most nights at home.
3. Discover the wonders of a secondhand store & Craigslist/Freecyle. We love our nearby Goodwill store and shop & donate clothing there often. I've found some absolutely adorable clothes for Stella there and great designer jeans for myself as well. We've also snagged some really wonderful toys & baby items through Craigslist. Secondhand store shopping (and donating!) is the ultimate form of recycling. Everybody wins.
4. Make camping a family trip. This is the absolute lowest cost vacation you can have- and there are really wonderful campsites across the country. One of our favorites is in the Blue Ridge mountains with some gorgeous hiking trails, a bathroom with heated shower you can use (so you're not completely roughing it). I think it costs about $10/night for the campsite usage and each spot comes with a firepit.
5. Learn to do-it-yourself...you can find instructions on everything from how to change your oil to how fix a water pipe break by using the internet or finding a book. We have repair guides for both our vehicles and Jon uses these regularly for small repairs & maintenance. When something goes amuk in the house, we'll try to figure out a way to fix it ourselves.
6. Take advantage of local parks & libraries. How can you go wrong with free?
7. Don't buy school portraits. This may not be true for all of you, but I know that the school pictures taken each year at our kids' schools are outrageously priced. Since it's tricky to get a really good individual portrait shot on your own (I know, I've tried with terrible results), scout out the low cost packages offered by portrait studios (Sears, Portrait Innovations etc.). Typically, they limit these offers to one per household so when it comes to be annual portrait time, I'll end up taking our kids to several different places and make sure each gets a plain white background for most of their shots. Since I'm on the topic of pictures, we also save money on picture Xmas cards each year by simply taking our own family pic and uploading it to Walmart.com to order cards.
8. Keep healthcare costs in check. You can do this by living a healthy lifestyle AND being an informed consumer. I can't tell you how many times I've asked about pricing (and what our out-of-pocket cost will be after insurance is accounted for) of a health care provider only to be greeted with a quizzical look. I'd swear I'd have sprouted five heads after popping this question. I think the prevailing attitude is "well, it's for your health, why should it matter what it costs?" It SHOULD matter- you should always be able to make an informed decision when it comes to your health. I'm not saying you should forego treatment anytime it's going to be costly...you should have the option to really question your doctor on it's necessity given the potential high cost of the procedure to you. Your insurance provider has that right, so do you - exercise it!
9. Shop clearance! Well, for everything but drugs & food (and some say it's okay to do this as well but I'd rather be safe than sorry when it comes to items with expiration dates). You can find some great deals on clothing at most big box retailers. I am a big fan of the Target 75% off rack for clothes. Yes, you'll likely need to buy things that are out of season but they will come in handy when that season does arrive.
10. My best tip for last: COUPON SHOPPING. The first thing you need to do to be an effective coupons (and specials) shopper is to know your prices. To my amazement, I've managed to keep those in my noggin...but many swear by keeping a price notebook where you list out your family's "staple" items (those items you buy faithfully) and then note store prices and dates. If you keep tabs of this over several weeks, you'll learn which sales prices are the lowest & best. Stores tend to "cycle" item prices and once you spot the true "lowest" price you are ready to stockpile & save.
For example by keeping tabs on pricing, I've learned that the best prices on meats we typically buy here are $1.99/lb for boneless/skinless chicken, $2.99/lb for 93% lean ground beef, 99 cents/lb for whole chicken breast. Keeping this in mind, I can stock up on these meats when they hit these rock bottom prices (which, BTW, mirror that of bulk shopping club prices).
When it comes to coupons, I love the Sunday newspaper variety. I don't often use internet coupons and I still do very well coupon shopping. You can find internet coupons on
http://www.coupons.com/. I keep a baseball card organizing binder to store my coupons in and organize them in sections (ie, breads, dairy items, soups/marinades etc). You can come up with your own system based on the layout of your most frequently shopped at grocery store. Bone up on the grocery store's rules for coupon redemption - most limit use to a certain number in a transaction, that you can't use more than 2 for the same item etc. One of our local stores, Harris Teeter, frequently runs a triple coupon weekend where they will triple the value of most coupons. In one recent triple coupon weekend, I landed $172 worth of groceries for $27 and netted lots of freebies.
I used to use
http://www.thegrocerygame.com/ to plan out my coupon shopping. This site offers a free trial period then you have to pay based on how many stores you want to include. I've since switched to the totally free
http://www.couponmom.com/ which has a less aesthetically pleasing layout but offers the same information- and a kick-butt forum where you can learn some unpublished deals at stores. This site has also helped me land several drug store freebies- click on links for cvs, walgreens, rite aid and you can learn which items are free thanks to store rebates or register rewards. If you have a coupon for a "free" item, you can even make money on the transaction- so it's like you're getting paid to use a particular product.
Well, these are my big tips to save money and run a household well on a tight budget. I hope some of you readers will post your best tips too. Fly your frugal flag proudly!