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Updated almost 15 years ago on . Most recent reply

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Mike McKinzie
  • Investor
  • Westminster, CO
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Where do you SAVE money?

Mike McKinzie
  • Investor
  • Westminster, CO
Posted

Most of BP is about MAKING money. But as Ben Franklin states, "A penny saved is a penny earned!" Therefore, I would like to hear your ideas on saving money.

Here are a couple from me.

I clip grocery coupons! :lol: I know you are all rolling your eyes with that. But let me give you the numbers. I went shopping Tuesday night. I purchased $310.73 of groceries for $133.83. My 'coupon savings' in February were a little over $800.00. That's like have a $1,600 a month rental, free and clear (using the 50% rule) I spend about 2 hours a week clipping coupons (watching TV while doing it). How many of you would 'work' for 2 hours a week for a $1,600 a month rental? And since we all have to buy groceries anyway, why not try to save while you're doing it!

We just bought 2 Flat Screen Televisions from Best Buy. Best Buy has a 'price matching' guarantee so we shopped around and found the same TV for $50.00 less at Sears. Best Buy matched it, and BB has a better and cheaper warranty plus outstanding service. How long did it take to find the lower price at Sears? Two minutes. The internet is a wonderful thing. So 2 minutes of work made us $100.00.

What money saving tips do you have?

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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Replied

Ali- For cruises, I like vacationstogo.com, crucon.com, and travelzoo top 20 each week. We took a 7 day earlier this month. $319 per person. Bought 4 days before cruise, drove over to Ft Lauderdale and got on the ship! Doing a 12 day to Egypt whcih includes 5 day Nile cruise. Trip with air included was $1649 p/p !!
Doing a small one in July, 10 day in Norway in june and 12 day to Galopagos in Aug. I try to do one a month.

workerdrone- I have some very detailed previous posts and blogs on my food storage. I'm a member of the Mormon church. We're very oriented toward food storage. We own ranches, orchards, canneries etc. I buy most of my food through the cannery. Find a Mormon in your area and ask him if there is a cannery around. You can buy dry foods already prepared in # 10 cans. They'll last a long time. My wife and I have bought wheat in bags, transferred to large white buckets and added a packet that keeps the moisture out.

There are also food storage stores where you can buy all your staples packaged and ready to go.

I do have a rotation system for packaged items. Make sure the food you store is food your family will eat! We used to have one day a week where all three meals would be from the food storage. Eliminated some items that NO one liked!Rich

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