Is the credit crunch a blessing in diguise?And what are your tips on saving money?

Question

Ive found out the hard way, it soon catches up on you and budgeting really does do me the world of good.I now turn off lights, water or radiators when not in use.I dont buy things on credit unless i really need them and can pay it back quickly.

Answer 1

Good reasons, good motivation and indeed, the best way to save money.

Answer 2

here are my faves: http://saveyourdough.blogspot.com/

Answer 3

Actually SAVE money.  For example, when I go to the grocery and cut coupons, purchase a BOGO (buy one get one free), get a rebate or buy on sale, I actually take the money I saved and put it into my savings.  I've been doing this for years and have built a home, bought hubby a mercedes for his birthday cash and have traveled the world all with my savings.  I figured out a long time ago that if you don't spend what you saved buying something, you can really accumulate savings in real money.

Answer 4

First I always pay myself first out of my paycheck. That money goes straight to my savings acct.

I shop using coupons. I find them in the Sunday's paper (Smartsource and RedPlum inserts) and I use www.smartsource.com to print off coupons. Next I save them and match them to sales ads. I

I shop a lot at Walgreens or rather they pay for me to shop there. Stores like Walgreens, Target, RiteAid will take their store ad and a manuf cpn (like the ones you find on the internet or the newspaper.) I usually get my health & beauty products at Walgreens for next to nothing using the above method.

I eat healthy and limit excessive eating out. I also find inexpensive entertainment. Redbox movie rentals has a free code on Mondays. (Go to their website.)

I shop clothing sales or use store coupons. Sign up to their mailing lists and they will send you printable store coupons. (ie. Express sends them a lot)

See if your city offers the Entertainment book. You can find buy 1 get 1 free meals and entertainment such a mini golf etc in here.

Answer 5

I wrote a 'squidoo lens' about saving money and you can visit it here:

http://www.squidoo.com/makingmoneyquickl...

I have personally been practicing frugal living for about two years and have brought my credit card debt under control in that time:

http://www.thecreditcruncher.com/2008/06...

I think this is the single most important step I have taken. My new mantra is STOP SPENDING, it's remarkable how much you can stop spending when you put your mind to it...

My tips are STOP using a credit card for every day expediture, if you don't have the cash don't buy it.

Budget, and re-budget every time prices go up or your circumstances change.

Get a 0% for credit transfers credit card, then just pay it off - don't ever use it for buying stuff...