Posts Tagged ‘spending money’

Simple Ways To Save On Entertainment

Friday, April 15th, 2011

Everyone wants to have fun and be entertained, but spending a lot of money on entertainment is not an option for many people.  There are many ways to get entertainment for less or even for free and these options are just as good as the ones you pay money for.  You may find new interests and new friends by exploring these inexpensive entertainment options.

Cancel Your Subscriptions

Subscriptions to newspapers, magazines, book clubs, and movie clubs are expensive and you receive limited enjoyment from each item you receive.  Instead of paying for all of those subscriptions and accumulating large amounts of unwanted paper, get a library card from your local library and check out the books, movies, and magazines that match your interests.  Libraries also post notices for community events, classes, and clubs that you may not have been aware of and are interested in attending.

Many magazines and newspapers post their major articles online, so you can read the local news or information on the latest celebrities from the comfort of your own home.  Typing the name of the publications you are interested in into a search engine will return the home page for the publication’s website and you can navigate to the articles you want from there.

Explore Local Musicians

In most cities, there are many opportunities to listen to local artists and others that are trying to make it in the music industry.  Instead of spending big bucks for the concert of an A-list artist, explore options for free concerts in your area – often held in community parks, during local festivals, or in areas where large amounts of people tend to gather on a regular schedule.  There are also many small, local venues that showcase local artists in many cities where the price of a ticket to an event is $10 or less.

Many newspapers and specialty local publications will list where local musicians will be appearing during the week.  The listing will also have the time that the musician will be playing and the cost of admission to the venue.  You may find a favorite local band to follow or new types of music to enjoy during your exploration of your local music scene.

Choosing A Great Birthday Gift Without Breaking The Budget

Monday, January 3rd, 2011

One of the most stressful times encountered is when you try to choose a great birthday gift for someone that you love but you do not have a lot of money to spend.  It is possible to find great birthday gifts without breaking your budget or disappointing the person that you are purchasing the gift for.  If you would like to get a great birthday gift for a loved one, there are some things about them that you should keep in mind.

Personal Interests Gifts

One of the easiest ways to find a perfect birthday gift for a reasonable price is to look for gifts that are geared towards the person’s personal interests.  Every person has particular things that they are interested in and tailoring your gift to fit these interests may be the most inexpensive way to get them a gift that they will truly enjoy.  Items that will help them partake in an activity they enjoy, supplies for hobbies, and gift certificates to specialty retailers to replenish consumables are all great ideas for birthday gifts and can typically be purchased for less than $20.

For most people, the subjects that they are interested in will be apparent in their actions or words spoken during conversation.  If you are unsure about which interests you should focus on for the birthday gift, you may want to discreetly ask someone that is close to the person, such as a spouse or parent.  Opening a gift this thoughtful is something that the recipient will remember for a long time.

Homemade Gifts

You would be surprised at how many people would prefer to receive a homemade, unique gift for their birthday instead of the typical shirt or book that most people give as gifts.  If you have a special talent or make a dessert that the person particularly enjoys, you may want to consider giving them one of your creations as their birthday gift.  Imagine their joy when they open a handmade crochet blanket made just for them or a baker’s box containing their favorite pie.

Spotting Retail Tactics That Get You To Spend More

Sunday, December 26th, 2010

The retail industry spends millions of dollars each year researching the best ways to get consumers into the stores and how to get those consumers to spend once they are inside those stores.  These tactics are very effective for getting shoppers to walk out of the store with more purchases than they originally intended when they walked in.  Spotting the most common retail tactics used to increase consumer spending is easy once you know what to look for and avoiding these traps can save you hundreds of dollars every year.

Prominently Displaying Shopping Carts

One of the things that retail studies have shown over and over again is that consumers will purchase more items if they have a convenient way to transport their selections around the store.  This causes the subconscious desire to fill up the space that is available and the individual will be more comfortable with picking up additional objects that they did not originally intend to purchase.  In order to limit the amount that you spend, shop using a list of the items needed and avoid the shopping carts if you are only in the store to purchase a couple of items.

Placing High Profit Items At Eye Level

Shoppers in a hurry rarely take the time to sort through all of the available options to find the best value before making a choice, often opting for the first suitable item that they see.  Placing high profit items at eye level while placing less profitable items on higher or lower levels increases the likelihood that the consumer will choose the item that generates more profit for the retailer.  In many cases, the best deals in the store are found on the top and bottom display shelves.

Placing Staple Items Near The Middle Of The Store

Many retailers design their stores so that the items most commonly purchased at that location are placed in the middle of the store so that consumers will have to travel past many items to get to the items that they want.  This increases the chance that the consumer will find other items in the store that they would like to purchase that they may not have intended to buy on that visit.  Every additional item that the retailer can sell to each consumer increases the profitability of the retailer and moves merchandise from the store.

Save More Money – Buy Less

Wednesday, January 28th, 2009

Well duh! That sounds simple, right? Well to most people is seems logical that to save more money you need to spend less money but how many people can honestly say they don’t get suckered even a little bit when they go to the store. With the promotional deals, the two-for-one specials, and the other ploys marketing geniuses play on us consumers, it is nearly impossible to get out of the store without a few extras.

But nearly impossible does not necessarily mean totally impossibly. It is up to you to change your spending habits. In order to do that, consumers must change their minds and their actions when they get into the store if they hope to save any money.

Think Hard About the Big Stuff
When we spend a large sum of money on a big-ticket purchase or for an event we have to pay a lot of money for, such as a vacation, it would seem logical that we would do all we could to get the most out of our money much like when we go to the grocery store. But statistics show that most consumers do not carefully plan out their road trips as carefully as we should. Many consumers will spend a considerable part of their total annual income on their vacation so it makes sense that you should dedicate at least a portion of your pre-planning time looking for bargains all the way around, from the cheapest gas prices along the way to the best price for airline tickets. Any big ticket item should not be taken at face value just out of excitement and there will be a bargain somewhere, provided you hunt for it. The big purchases that only happen from time to time count just as much as the more common shopping expenses.

Sharpen Your Comparison Shopping Skills
It takes a lot of focus to find the best prices for the merchandise you are looking to buy. You need to look at different levels of the product, find what features you need and calculate the average range of price. Then you need to get focused solely on those features and that price range and forget the alternatives. If you do not apply this focus, you will likely be swayed and opt to buy the more expensive option.

Forget Where the Money Comes From
When you are dealing with the money you earn from hard work, you are more likely to be careful with every dollar spent. When you come into money outside the realm of your payroll check, such as lottery winnings, gifts, or tax refunds, consumers have the tendency to spend more freely. The next time you incur a windfall of cash, no matter how big or small, deposit it into your bank account and let it sit for a time and work to “forget” where it came from. Readjusting your accounting mind, you may be better able to control your impulse spending that is typical with “free” money. It also helps to get into the habit of spending money before you even have it. How many people have you heard discuss taking their next vacation with their tax returns or fixing up the house with grandma’s inheritance? Instead of spending in your mind, commit to depositing the money into your account and plan out your next big purchase as if you never got the lump sum of cash but rather needed to continue on a savings plan for your next vacation or new living room furniture.