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Pinching Pennies: Simple and Painless Ways To Save Money

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Pinching Pennies Simple and Painless Ways to Save Money

If you have a family, chances are you run out of money before you run out of month. Saving money seems like a full-time job, and if you already have one of those you certainly don’t need another. However, there are some things you can do to save money without feeling the pinch in your wallet, or in your time.

Stock Up

When you do your grocery shopping, you can save money even if you don’t spend hours clipping coupons. The trick is to only buy items on sale. When you realize that grocery items go on sale in cycles, usually every 5-8 weeks it makes it easier to plan shopping trips. If you find your favorite items on sale, buy enough to last through this cycle until they go on sale again. While this may actually be more expensive for a few weeks as you stock the pantry shelves, over time you will start to see a significant savings. Of course, if you combine those sales with coupons, you can save even more.

Shop Around

You are already paying for a lot things. Cable, phone, Internet, utilities, credit cards, and the list goes on. In many cases, you might be able to get a better deal by contacting the competition. So gather your bills together and start making some calls.

Talk to a live person instead of looking up rates online. Customer service professionals often have the ability to negotiate rates and have access to discounts designed to lure you away from other companies. Write down all the details and get the names of everyone you talk to. They will no doubt try to get you to close the deal on the phone right away. Don’t fall for it. Get information from several companies if possible before you decide.

Now that you have all this valuable information, here’s a little secret. You might be able to keep the providers you have and still save money. Most companies have what they call “retention specialists,” some even have entire departments dedicated to keeping the customers they already have. All you have to do is call and tell them you want to cancel service. You will usually be transferred to a retention specialist who will try to negotiate a better deal, or some discounts, to keep you as a valued customer. If you tell them what their competition is willing to do for you, you might be surprised to find they can match or better those offers. This is the best scenario for your family. You get to save money without the hassle of changing services.

Take a Good Look at Your Insurance Policies

Shopping around for insurance is a little different from other items. That’s because there’s more involved than money. The service provided continues long after the policy is written. In addition to saving money on premiums, you need to have a company that will be able to take care of you when you need them, like when there is a car accident or other claim.

In the case of an accident, make sure you compare quotes from different companies. Find a few places, like, that provide free quotes so that you can find a rate that matches your budget. They can also help you understand the ins and outs of insurance premiums and what kind of coverage is right for you and your family. They can tell you what the minimum requirements are for your state and when you need more. Combining coverages as well as adjusting your deductibles may help you save even more.

With a little time (not a lot), and some savvy shopping skills, you will be well on your way to saving money for your family. You might even make it to the end of the month with a few dollars in your pocket!