Monday, 23 February, 2009
Spring is all about fresh starts, which makes this the perfect time to reflect on your finances and rethink your saving strategies. Whether buying groceries or filing your taxes, here are a few tips to help you save this season:
- Make every dollar count. As long as you pay off your balance each month, a credit card tied to a rewards program will earn you extra cash, points towards travel or other savings. One company, Upromise, gives its members money for college - either for their savings account or to allocate towards student loans -- by offering 1 to 25 percent back on most purchases.
- Make traveling more wallet-friendly. What's bad news for the travel industry is good news for consumers - major price slashing. With the down economy, destination hot spots such as Disney World are now offering huge deals. Do some online research to find out which package works best for you.
Additionally, save administrative fees by booking directly through the airline's Web site. If your schedule permits, try for a Wednesday departure, typically known as the cheapest day to fly.
- Never pay full price on groceries. While some expenses are easy to cut, groceries are a line item you can't ignore, but with a little preparation beforehand, you can save big. Check your local supermarket's circular for weekly sales, and stock up on non-perishables or items that are freezable. In addition to checking your Sunday paper, check Web sites such as CouponMom.com and SmartSource.com for printable coupons. And don't forget Upromise eCoupons, which are paperless and can save you up to $25 a month.
- Save on your taxes. This year, save money and trees by filing electronically. Programs such as TurboTax or H&R Block's Tax Cut allow you to e-file and receive your refund within two weeks. Plus, don't forget all your deductions. Easily overlooked write-offs include your home office, student loan interest and any clothing or vehicle donations.
- Take advantage of freebies. In this day and age, it's easy to forget that some things are actually free. Instead of purchasing the new bestseller or latest DVD, borrow it from your local library. There are also great ways to find items you need, secondhand. Since now's the time for spring cleaning, check out FreeCycle.org or your local swap shop for slightly used items. Someone else's throwaway could be your treasured find.
Source: http://www.imperialvalleynews.com/