What are the 10 top tips to reduce your cash outflow?
We all have a lot of expenses...healthcare insurance, car insurance, mortgage, taxes, groceries, utilities, etc. When you've absolutely, positively got to cut back on your expenses, what are 10 things you can do that will have the biggest impact?
Donna thanks for your question. Currently, my focus is saving people money on groceries through a 10-point Strategic Shopping program that I teach. I believe, however, that some of what I teach can be applied generally.
Strategic means have a deliberate and well thought out plan. For any household looking to save money that means having a budget. So first, and foremost, I recommend setting up a household budget to control your spending and maximize your savings.
I also recommend paying with cash. Statistically speaking (and from my own personal experience) you spend less when you pay with cash than with a credit and debit card.
Next, I suggest you keep track of your spending. This goes hand-in-hand with having a budget and using cash. Keeping a written journal of your daily, weekly and monthly spending will be a conscientious reminder on how much you are spending and what you are spending it on. It also helps you with my next recommendation, which is to avoid impulse purchases.
An impulse purchase is an emotional purchase made without any deliberate or conscientious plan. Whether you are talking about small items at the grocery store, or big ticket items like televisions, impulse spending can be a big drain on your finances. So it's a good idea to really think before making any purchase you didn't originally intend on making.
Those are my general recommendations for saving money on household expenses. More specifically my business focuses on saving money on groceries, which next to mortgage or rent, is probably the second biggest expense for a household. So being able to cut this expense can have a significant impact on freeing up some money. I recommend price matching as a saving's strategy. Price matching allows you to save time as well as money. It further gives you the option to supplement those savings with coupons. I invite you to take a look at my website, kcstrategicshopping.com, where you can find more of my advice for saving money on groceries. If you have any questions after looking through my site feel free to email me at maureen.welsh@kcstrategicshopping.com.
I hope this provided some helpful advice.
Resist the brand name coffee shop.
Don't go shopping as a pastime.
Review your credit card statement and see where you go too often and buy things you don't need. Stop going there! (For me it was the drugstore--I would go for one thing and end up with ten).
For bigger purchases, have your phone with you and compare with online prices.
No bottled water!
Eating out occasionally not regularly.
Do your own nails.
Don't online shop after midnight, or after a bottle of wine..
No more dry-clean only clothing
Clean the inside of your car yourself and forget the drive-through car wash.
If you can't tell the difference, go generic.
Get your eyes tested with a really good doc, and then get your prescription filled at a discount place.
Think about your warehouse megastore membership-- Does it really save you money or do you buy a bunch of other stuff in huge quantities?
Save your money for important things like plane tickets! (I heard a quote saying always get good quality comfortable shoes and mattress, because you pass most of your time in one or the other.)
by Wonder Referrals 12 years ago
How much money do you spend on groceries ?In these bad economic times groceries are taking a backseat in some households.
by Shil1978 12 years ago
Tips on How To Save Money on Groceries?
by Hub-a-hub-a 13 years ago
What are some other ways we can use the internet to save money on groceries?
by Saadia A 12 years ago
Are you good in saving money or do you have the habit of heavy spending?
by Rebecca Graf 16 years ago
Want to same money gradually? Not sure if you are doing it right? Want to know what others are doing and what is successful for others? Join us here to share our thoughts and experiences.
by SPomposello 12 years ago
Are we really saving any money? Either way, money has to be spent right? Not to mention the extra time you have to make for cooking prior to going to work. Any thoughts?
Copyright © 2024 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
Copyright © 2024 Maven Media Brands, LLC and respective owners.
As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.
For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy
Show DetailsNecessary | |
---|---|
HubPages Device ID | This is used to identify particular browsers or devices when the access the service, and is used for security reasons. |
Login | This is necessary to sign in to the HubPages Service. |
Google Recaptcha | This is used to prevent bots and spam. (Privacy Policy) |
Akismet | This is used to detect comment spam. (Privacy Policy) |
HubPages Google Analytics | This is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy) |
HubPages Traffic Pixel | This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. |
Amazon Web Services | This is a cloud services platform that we used to host our service. (Privacy Policy) |
Cloudflare | This is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy) |
Google Hosted Libraries | Javascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy) |
Features | |
---|---|
Google Custom Search | This is feature allows you to search the site. (Privacy Policy) |
Google Maps | Some articles have Google Maps embedded in them. (Privacy Policy) |
Google Charts | This is used to display charts and graphs on articles and the author center. (Privacy Policy) |
Google AdSense Host API | This service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy) |
Google YouTube | Some articles have YouTube videos embedded in them. (Privacy Policy) |
Vimeo | Some articles have Vimeo videos embedded in them. (Privacy Policy) |
Paypal | This is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy) |
Facebook Login | You can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy) |
Maven | This supports the Maven widget and search functionality. (Privacy Policy) |
Marketing | |
---|---|
Google AdSense | This is an ad network. (Privacy Policy) |
Google DoubleClick | Google provides ad serving technology and runs an ad network. (Privacy Policy) |
Index Exchange | This is an ad network. (Privacy Policy) |
Sovrn | This is an ad network. (Privacy Policy) |
Facebook Ads | This is an ad network. (Privacy Policy) |
Amazon Unified Ad Marketplace | This is an ad network. (Privacy Policy) |
AppNexus | This is an ad network. (Privacy Policy) |
Openx | This is an ad network. (Privacy Policy) |
Rubicon Project | This is an ad network. (Privacy Policy) |
TripleLift | This is an ad network. (Privacy Policy) |
Say Media | We partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy) |
Remarketing Pixels | We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites. |
Conversion Tracking Pixels | We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service. |
Statistics | |
---|---|
Author Google Analytics | This is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy) |
Comscore | ComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy) |
Amazon Tracking Pixel | Some articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy) |
Clicksco | This is a data management platform studying reader behavior (Privacy Policy) |