- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: What's your biggest money saving tip?
Posted on 11/9/18 at 9:18 am to NATidefan
Posted on 11/9/18 at 9:18 am to NATidefan
quote:
One of mine is that my family and I rarely go out to eat or buy premade meals of any type for that matter.
We eat home-cooked meals 6 nights a week for dinner and take our lunch to work. I buy bulk items like beans, lentils, oatmeal, etc. from bulk bins. We buy plenty of fruits and vegetables, and we purchase quality meat and fish, but probably eat less beef than most folks.
We usually spend less than $500 a month at the grocery, and around $150 a month eating out. The restaurant we dine at most frequently is a Vietnamese place, and it's pretty cheap. I realize it probably sounds ridiculous, but it's actually fun going grocery shopping since we put ourselves on a budget. And with the help of the Food/Drink Board, I've become a pretty good cook.
This was easily the best way for us to save money. My brother and his wife refuse to cook, and I know they spend closer to $2000 a month on food. After investments/savings, our money goes to travel, so that budget has increased thanks to our food savings.
0
Posted on 11/9/18 at 9:19 am to MBclass83
Don’t drive expensive vehicles. Buying used isn’t near as good of a deal as it used to be. The biggest thing is to drive your vehicle for a long time.
Quote out your insurance every couple of years. (Car and homeowners)
Never pay credit card debt.
Eating out and vacations are expensive.
Quote out your insurance every couple of years. (Car and homeowners)
Never pay credit card debt.
Eating out and vacations are expensive.
Posted on 11/9/18 at 9:19 am to Saintsisit
quote:
take 15% of my check and deposit in a different bank with no debit card. Money piles up there and you don't even miss it.
About once a year my wife and I go over our income and our obligations. What ever the difference is we agree on a number. That number is saved first no matter what.
If it there in paper it is there in real dollars. Don’t wait to see what is left over if you do you will piss it away with nothing to show for it.
Once we have saved what we want and need I don’t care where the rest goes. Of course we could probably save more if we stuck to a strict budget but this way works for us
Posted on 11/9/18 at 9:22 am to NATidefan
Earn USD and spend pesos.
I'm currently saving 90% of my take home pay by living abroad.
I'm currently saving 90% of my take home pay by living abroad.
Posted on 11/9/18 at 9:46 am to TejasHorn
quote:
And Don’t get fooled by card rewards programs.
Fooled by what? My last three vacations were primarily paid for by CC reward programs and I usually at least have a balance of about $1,000 in points or cashback at any given time. I pay for everything on whatever card will give me the most benefit and then pay off my cards almost every day so in that way it actually acts like a debit card.
Posted on 11/9/18 at 9:49 am to RedHawk
quote:I can't say much because we put everything we possibly can on a card. BUT research has shown overall you spend more money overall by doing this. People tend to spend lass money if they actually fork over the cash or write a check for everything.
Fooled by what? My last three vacations were primarily paid for by CC reward programs and I usually at least have a balance of about $1,000 in points or cashback at any given time. I pay for everything on whatever card will give me the most benefit and then pay off my cards almost every day so in that way it actually acts like a debit card.
Posted on 11/9/18 at 9:55 am to achenator
quote:
I can't say much because we put everything we possibly can on a card. BUT research has shown overall you spend more money overall by doing this. People tend to spend lass money if they actually fork over the cash or write a check for everything.
I'm probably in the minority then. I don't feel I overspend on anything. Drive a paid off car, low mortgage, no CC debt, hardly ever eat out, bring my lunch to work...etc. I'll go full weekends without spending a dime.
Posted on 11/9/18 at 10:03 am to Areddishfish
Sapphire reserve gives you 5 percent I believe on “travel” expenditure which includes all restaurants. When you redeem that on the portal for booking travel, you get 1.5 times back on top of that.
Say you spend 15000 a year anyway on eating out, hotels, flights, or more than that if you travel for business. Just 15000 turns into over a grand of free travel credit for spending money you were going to spend anyway. Why not do it?
Say you spend 15000 a year anyway on eating out, hotels, flights, or more than that if you travel for business. Just 15000 turns into over a grand of free travel credit for spending money you were going to spend anyway. Why not do it?
Posted on 11/9/18 at 10:46 am to NATidefan
Bring lunch to work instead of eating out. Easiest way to save money.
Posted on 11/9/18 at 10:47 am to Lsuhack1
Why not just kill your self while you are at it?
This post was edited on 11/9/18 at 10:48 am
Posted on 11/9/18 at 10:49 am to NATidefan
cook
meal prep
bring your lunch every day
don't keep snacks or junk food in the house
don't eat unless you're hungry, and make sure that if you are hungry outside of a normal planned meal time that you have to cook something new or buy something.
Don't buy alcohol at bars
Don't buy cable, just steal access codes to streaming services and use your friends and family to be a POS that saves $60/month +
meal prep
bring your lunch every day
don't keep snacks or junk food in the house
don't eat unless you're hungry, and make sure that if you are hungry outside of a normal planned meal time that you have to cook something new or buy something.
Don't buy alcohol at bars
Don't buy cable, just steal access codes to streaming services and use your friends and family to be a POS that saves $60/month +
Posted on 11/9/18 at 10:51 am to Doctor Strangelove
quote:
tithe
Yea that's not a good savings tip
Posted on 11/9/18 at 12:57 pm to NATidefan
An income is the greatest tool to building wealth obviously. If it is being used to pay off debts then it cant be used to build wealth so the first step and hardest is to get rid of all debts as fast as possible, grind and squeeze your budget to get rid of bills. forget credit cards, even if you pay them off on time youre paying someone else to pay the same amount to someone else. pointless. If its emergencies you are worried about save up 4-6 months worth of expenses to cover you for an emergency.
If you want money to multiply you have to know where its being used. Break down every single dollar into a budget. even your insurance, sometimes youre paying for things you didnt realize you needed.
And talk to money pro's. People who became rich and stay rich are doing something right.
Mutual Funds and Roth IRA's let them build wealth for you.
If you want money to multiply you have to know where its being used. Break down every single dollar into a budget. even your insurance, sometimes youre paying for things you didnt realize you needed.
And talk to money pro's. People who became rich and stay rich are doing something right.
Mutual Funds and Roth IRA's let them build wealth for you.
Posted on 11/9/18 at 1:00 pm to NATidefan
Avoid strip club vip and asian rub n rug services
Posted on 11/9/18 at 1:09 pm to IT_Dawg
quote:
I just use my hand
In some cultures, it's considered rude to offer your left hand (even if you're left-handed) when shaking hands because it's considered the "dung hand."
Posted on 11/9/18 at 1:13 pm to NATidefan
Eating in saves me quite a bit of money. I also switched my internet/t.v. provider and got a good deal and saved about a hundred bucks a month from what I was previously paying. I also just switched my auto insurance from Liberty Mutual to Progressive, got the same coverage and saved about $150 a month from what Liberty Mutual was going to charge me.
Posted on 11/9/18 at 2:48 pm to ChenierauTigre
quote:
Then make a big pot of soup or stew or beans or chili, etc. Eat it for a couple of days then freeze the rest in manageable portions for thawing. Pretty soon you will have a lot of prepared meals in your freezer. Just set a reminder on your phone to put some in the fridge to thaw for that day. Use that phone to help you organize!
Use freezer tape to label what's frozen in which container AND when (month and year) it entered the freezer.
If you are trying a new recipe, make a minimum quantity. If it's not a good one, you won't be trying to avoid using it for the next months.
Adjust meat buying to prices (beef is way up there too often).
Spices will make almost any meat taste as good as if it were beef. Mr Turf is only just now realizing how much vension he's eaten and guys who hunt on our land give us venison already processed and frozen as a thank you.
Posted on 11/9/18 at 3:03 pm to NATidefan
WTF? I have 6 kids and a wife, what is this "saving money?"
Posted on 11/9/18 at 3:05 pm to NATidefan
quote:
What's your biggest money saving tip?
Find a rich friend who likes coke.
Page 5 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News