15 Money Saving Tips From Top Personal Finance Bloggers
Clothing:
- Buy at garage sales and thrift shops
- Buy online
- Shop out of season
- Buy your kids clothes a size bigger
- Shop you closet and be creative
Your Monthly Saving: $121
Healthcare:
- Use an HSA (Health Savings Account)
- Ask the health care providers for a cost estimate
- Always ask for a discount
- Make sure the tests, prescriptions or procedures are really necessary
- Maintain a healthy lifestyle
Your Monthly Saving: $490
Housing:
- Consider renting out a room
- Don’t spend too much on a mortgage
- Never buy without putting at least 20% down
- Rent/buy only what you need
- Keep your house properly maintained in order to reduce living costs
Your Monthly Saving: $755
Food:
- Buy on bulk what you can
- Don’t over shop. Always use a list
- Don’t shop hungry
- Shop around sales and use coupons
- Buy ingredients in-season
Your Monthly Saving: $350
Personal Insurance:
- Always compare prices
- Don’t be shy – ask for a discount
- Increase your deductibles
- Get new car insurance quotes every renewal
- Remember! Expensive car / home = expensive insurance
Your Monthly Saving: $122