New Year, New Savings, New You
Whether you need to cover everyday expenses, like gas and groceries, or larger investments such as a new laptop or tuition, here are some tips on how to shop and save:
- Don't leave money on the table. There are some items, like food, that you will always need to buy, so why not save while making these purchases? Check local newspapers and the Internet for special deals or coupons. Online offers may provide bigger savings because virtual stores often require less operational overhead. To access an extensive array of coupons, visit CouponMom.com, which compiles offers from hundreds of brands, from Neutrogena skincare to Domino's pizza.
- Earn while you spend. As long as you pay off your balance each month, a credit card tied to a rewards program can help you earn extra cash, points toward travel or other such savings. One company, Upromise, even gives its members money for college -; either for their savings account or to apply towards their student loans -; by offering a percentage of up to 25 percent back on a range of products and services.
- Save the environment and money by going paperless. Consumers electing to receive utility, cable and phone bills online save physical resources, time and money. Looking for another option for cutting down on paper? e-Coupons eliminate the environmental waste of paper circulars by posting coupons online.
- Apply for help. While coupon clipping and consumer loyalty programs can lead to solid savings, tackling larger expenses, like college tuition, proves a bit more difficult. Keep your eye out for scholarships. Start with Web sites like scholarships.com, which provides comprehensive lists of opportunities on a local and national level.
- Every little bit counts. Studies show that Americans' rate of savings continues to decline year after year. While aggressive savings goals can be hard to meet in a tight economy, it does not mean people should stop saving altogether. Even small steps help.
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