It's that time of year that many parents have extra anxiety about money. Everyone is worried about how they are going to save money for Christmas. I have a few money-saving tips that will help your wallet all year.
Save Money For Christmas on Monthly Bills by Just Making a Phone Call
For your bills that you have a choice in providers, with a little bit of research and time, you can lower your monthly bill. Last month, I finally sat down and researched. I made a call to my current TV provider and explained that I had been a loyal customer that was getting all types of deals from others. With minimal changes that I could live with, I reduced my bill by $100 a month. In another instance, I had some insurance that was slated to increase with my renewal. I made a call and was able to save over $100 a month. We all dread making these calls, but they do work.
Eating Out Less and Smarter To Help Save Money For Christmas Gifts
Add up all that you spend on going out to eat. If you haven't done this before, it can be quite eye-opening. My suggestion is to take how much you eat out now and cut it in half if you try to save money. In our family, we now try to limit eating out to once a week. When we started doing this, we also implemented a rotational schedule for picking dinner. Each family member gets to pick dinner one week out of the month with no whining or complaining from the others.
This has also cut out all the family disagreements about where we go for dinner. I try to use loyalty programs when I can. I have earned many freebies through the Chick-fil-A One app. We have also earned half off up to $20 in savings on every fourth visit on the Outback app.
Did you get a mortgage 15 years ago? Take a look at your interest rate compared to the current rate. Refinancing your mortgage could save you hundreds a month on interest, which you can save for Christmas gifts.
We have even refinanced cars and debt in the past. Your financial institution may have special rates for refinancing that can save you interest on these items as well. If you have huge amounts of student debt with various rates, you may be able to consolidate and reduce your interest rate.
Frequent Visitor, Flyer, Shopper, Etc…
I know what you are thinking. All these programs are tough to keep up with, but they are worth it in the end. I have earned free anything from hotel rooms to coffee and everything in-between by using such programs. They are much easier to keep up with these days with the use of many apps.
Coupons, Discounts, and Promotions
You can definitely save a ton of money couponing for groceries. There are whole shows about this. That has never been my thing, but I will look for deals from stores and restaurants.
I use an app called RetailMeNot. It can be used to search on the store that I am in, and they will show me coupons and deals. Target has Circle, and other stores have money-saving apps as well.
I am a scrapbooker. My family knows that I won't order prints unless the website that I use has a sale. It is especially easy to do on things that you don't need right away. We wait for them to have a promotion or go on sale.
I have also found many good deals on so many different things on Living Social.
Food, including going out to eat, should be somewhere between 10% to 30% of your monthly budget. In our household, we use Amazon to purchase many of our household goods in bulk with Subscribe & Save at a significant discount. We have also started using Walmart Grocery Pickup, which gives you Walmart's discounts without having to step foot inside.