This economy is rough. Millions are out of work and living at or below the poverty line and the millions more that are fortunate to still have their jobs are counting their pennies and watching their blessings. Many of us are the 99% that the ‘Occupy’ movement protesters are fighting for. Times are uncertain and even if you are making a little change, it would be in your best interest to save as much as you can. Personally, I’ve always been a budgeter and a saver, my savings accounts have savings accounts, and I tend to save for things I don’t even need or have right now. I don’t really do anything out of the ordinary to save, I try to stick to my budget, look for deals, cut down or back on certain luxuries and mainly just try not to run around like an over grown teenager with crazy disposable income.

One new saving habit I have picked up is couponing. During a boring Saturday night a few months ago I caught an episode of Extreme Couponing on the TLC network and became hooked instantly! These women, mostly housewives, were saving thousands of dollars in one shopping trip; one woman paid $.03 on almost $2,000 worth of groceries. Of course I realize that I am not a mother so a shopping trip that large isn’t needed and I also recognize that these women are usually buying a bunch of crap they don’t need, but what I could appreciate was the general principle….save money. I may not have kids to feed or be a hoarder in denial, but does that mean I can’t save a few bucks? I did a little research on couponing on line and decided to try my hand at saving on just the things that I needed and you know what, it worked. At my local supermarket I was able to buy $60 worth of groceries for just $17 using coupons on my very first try. It’s not as big of a savings as you would see on the show, but for my little pockets, saving $43 felt like taking off a pair of Spanx after a long night…relief! I can’t wait to try my hand at couponing again and see if I can save a little more money the next go round.

How are you saving money? What’s the best money saving tip or advice you’ve heard?

Like Us On Facebook Follow Us On Twitter
  • Sia

    Here is what has been working for me over the past few months. I have divided my income as such: 50% goes towards bills/rent/food (fixed costs), 25% goes towards whatever I want, 20% gets transferred to my savings account, and 5% just sits in my checking account to cover emergency expenses. As soon as I build up my emergency savings (8 months worth, as suggested by Suze Orman) I plan on opening up a Roth IRA account.

  • amarie

    I am definitely a shopper (clothes and accessories) but I’ve changed my habits. I don’t buy it unless it’s on sale and most times I use an additional coupon. I’m one of those people that comparison shops so I usually get the best deal.

    I cut back on my coffee – I used to drink 3 cups a day, now I’m at 1. I also changed up my commute and cut that expense in 1/2. I bring my lunch most days and brought in things I can stash in the kitchen area for breakfast (oatmeal/yogurt). Also I stopped driving as much. These are all things I will keep in effect when the economy turns around.

  • Bridget

    I belong to a credit union and I direct deposit money for my vacation and Christmas clubs so I don’t miss it; taking out loans for travel and Christmas gifts has never made sense to me.