Times are a little tough, right? It seems like the price of almost every
product we buy has increased. As a
result of price increases in oil, we have seen a spike in costs in nearly every
other facet of our lives. Not only can
it cost up to $100 or more a week to fill up our cars with gas, but other
necessities such as groceries and non-necessity items such as entertainment
expenses have followed suit. How can we
save money and secure our future without condemning ourselves to Ramen Noodles and
Hungry Man dinners eaten by the light of a Coleman lantern? Just
because it looks like we are headed for another recession, doesn’t mean we have
to regress to using the same money saving techniques as we did in the ‘70s. In fact, some of the tips discussed in this
article that save you money, you’ll want to keep around-even after the economy
is stable enough for you to open up all your windows in January, while blasting
the heat at ninety degrees and simultaneously turning on all the lights in your
house.
Tip #1- Gas
Everyone
you know is telling you to buy a hybrid or join Flexcar. But before you do, really think about
it. As much as we love saving the
environment and carpooling, make sure the numbers add up in your favor. If its time to buy a new car, by all means-
please, by a hybrid vehicle. Many
hybrids start as low as $13,000. But if
spending $13,000 on a car is not on your budget right now, don’t consider
ditching it altogether. Because everyone
is buying hybrids, the prices of other fuel-efficient cars have dropped. If you can’t afford a new car, Flexcar is not
a bad option, but with rates at $10 an hour in most cities, you’d be better of
renting one. If your city has a public
transportation system, use it. Most
employers offer complimentary transit passes in lieu of parking passes, and
cost is not the only reward. Think about
the extra hour you’ll have to catch up on your favorite book, listen to your
IPod, or if you’re like us at Shoppercast, catch up on the current whereabouts
of Matthew McConaughey and his missing flip flop in US Weekly.
Tip #2- Food
Most money-saving articles will tell you to forgo eating
out, or at least tell you to try to cut back. We at Shoppercast will tell you to do no such thing. In fact, eating restaurant food is a great
way to save money- just don’t do it in the restaurant. We often complain about how restaurants in
the United States offer ridiculous sized portions. Order
out a few dishes and serve up to your loved ones family-style. Also, many restaurants are feeling the
economic strain and as a result, they’ve begun to offer deals. Take the Subway $5 foot-long sub, for
example. To persuade customers to order
their beloved foot-long sandwich, they’ve offered it for a reduced price. Not that you need to eat at Subway every night-
many other restaurants offer deals for larger portions that you can easily
divvy up between a few family members or save the leftovers for the next
day.
Tip #3- Cable, phone, internet
Never agree to any contract offered by your cable, internet,
or land-line phone company. They will
offer you a small monthly price-reduction in order to get you to sign a
two-year contract. The only reason they
offer this is to ensure you won’t be persuaded to price shop their
competitors. Keep an eye out for deals
other carriers are offering. If you are
paying $50 a month with cable company A and cable company B has a limited-time offer
of $20 a month for new subscribers, don’t switch companies- simply call your
existing cable company and ask them to offer you the same deal. Most cable, phone, and internet service
providers will offer you the start up deal their competitors are offering just
to keep your business. If you have a
land-line and everyone in your household has a cell phone, consider ditching your
old fashioned ways altogether. Or buy a
cell phone specifically to use as a house phone that has a family plan on
it.
Tip #4- Airline Prices
Airline prices are a touchy subject right now. Most consumers are fuming as a result of add-on
charges many large corporations are charging. The easiest way to stick it to the larger airlines? Easy- use a smaller airline. Southwest Airlines has vowed to their
customers they won’t start charging for extras such as exit row seats, checked
luggage, and beverages. Virgin Airlines,
which only serves select cities in the United States, offers many amenities
in addition to their commitment not to tack on hidden fees. Flying internationally? Consider booking with an international
carrier- most international airlines offer nearly first-class service in coach
and don’t charge the hidden fees many US airlines charge.
Tip #5- Entertainment
If you rent more than four movies a month, Netflix and
Blockbuster Online are the way to go. If
you don’t? Don’t use mail-in DVD movie
services. Most people who have switched to
renting DVDs through the mail think they are saving money, but in reality, they
wouldn’t have spent $20-$25 on rentals in a month anyway. You could actually go to the movie theater a
few times a month for that price. Think
you’ll see a few movies next month? Netflix offers a service that allows you to suspend your account instead
of simply canceling it. That way, you
can put the movies you know you’ll rent next month at the top of your queue and
once your account is restored, they’ll automatically ship to your home. Like music? Try ITunes to download all of
your music and burn songs to blank CDs. That way, you can purchase only the songs you want and listen to samples
of other songs you might be interested in for free.
Even if some of these tips just don’t float your boat, the
important thing to remember is, as consumers we all have choices. Just because something is new, flashy and is
supposed to save you tons of money, doesn’t mean it will in the long run. Do a little research, weight the pros and
cons, and figure out what works best for your lifestyle. Remember, an ounce of prevention is worth a
pound of cash. Or something like that.
-Contributed by Alicia