I have been trying to take this "Economic Crisis" as a personal challenge to fortify and fine tune my spending practices. So I offer you some of my tips for tightening the budget and ask you to share yours.
The amazing Brian suggested a Buy Nothing Month - which will do wonders for the budget. I have yet to accept this challenge, but I aim to, one day when I don't have extenuating circumstances that require smart spending. I promise Brian. On to my tips.
1. Ask yourself important questions.
Do I really NEED this? If so, can I find a less expensive alternative? If I save the money for this item over a period of months instead of taking it out of my cash now, will I be better off in the long run? If I wait to buy this item for 30 days will I still need it? Get real with how important this purchase is, or not. This applies to all things big and small. For instance, buy yourself a reusable water bottle and fill it at home instead of buying bottled water.
2. Make practical lists.
Lists are your friend. Lists by their very nature facilitate organization. They can save time, money and at least for me, no small measure of sanity. A well thought out list keeps you focused on those things you have already confirmed you NEED and can help you avoid impulse buying. Try it for your shopping lists, errands, to-do's and even your savings goals.
3. Find deals and reduce, reuse and resell!
There is a pretty cool blog called It's Hip to Save that has lots of saving suggestions and coupons.
I also love to find little known deals such as buying shampoo and conditioner in bulk at Oakway Barber Shop in Eugene. They have many of the salon style hair care items bulk. If you forget your own bottle, no problem, they will give you your goods in a reused soda bottle. Nice!
Another great way to help out your budget is to resell the stuff stashed away in a closet that you no longer need or use. That's not just saving, it's gaining!
You can resell/gift your unused stuff AND find great deals at places like craigslist and Freecycle. Freecycle is a collection of users giving and getting stuff for free. One person's junk is another's treasure. Of course, you can always find a treasure and a deal at reuse shops like Goodwill and the Salvation Army. Oh and don't forget used book stores!
4. Plan your trips.
Plan your travel to accomplish as much as possible in as few trips as possible. Stop at the grocery store on the way home from work or do your errands in one trip instead of making many. Save up your travel until you can accomplish what you need to in one trip.
5. Make it fun!
Its all about your perspective. There is a world of difference between an adventure and a burden. Finding a good deal or the perfect item for a great price can be an adventure. Trying out new recipes at home versus going out to eat or learning to tune up your car can actually be fun! This year instead of giving several gifts for Christmas, give one thoughtful and perhaps homemade gift. That is definitely fun.
As always, I love to hear from you. Feel free to share your tips for spending wisely.
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