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6 Painless Penny-Pinching Ways to Make Your Money Go Further

By: Brittany Engelmann-- 2016-05-23 6:00 am --

The term ‘penny-pinching’ often evokes an internal cringe. It paints this picture of struggling to get by, of living so frugally you forget to have fun. However, there are some painless ways to pinch pennies and stretch your budget further, while still enjoying the same quality of life. Here are some creative ideas to save more money, without cramping your style in the process.

  1. Brown bag your lunch. When eating out, you’re not only paying for the cost of the food but also the labor and overhead costs of the business. Brown bagging your lunch can save you up to 50 percent of the cost of food, allowing you to considerably reduce your monthly expenses.
  2. Take your time shopping. When people are in a hurry, they often grab items they need with little regard to the price tag. Dedicate a set time frame each week to conquer your entire shopping list. With extra time to spare, you can take time to compare prices and ensure you’re getting the best deals on products.
  3. Plan ahead. In a telephone survey of 1,000 people, about 75 percent of respondents claim to have made an impulse purchase, with 16 percent spending over $500. Many stores design their shelves and displays in a way that subtly promotes impulse buys. While that’s great for store profits, it’s not so great for frugal shoppers looking for ways to save money. Make a plan in advance and stick to it, so when you go to the store, you leave with exactly what you need and nothing more.
  4. Stock up in advance. When buying products in a store, they’ve marked the item up considerably in order to achieve a profit margin for their business. So, where are these businesses buying their products at such low prices? From online wholesale venders. By purchasing your household supplies and canned goods in bulk from online wholesale venders, you can access the wholesale prices of businesses and achieve the lowest possible rate on your goods.
  5. Buy goods online. Buying goods online offers a number of cost-saving advantages. You can avoid the pressure of impulse buys, you can increase efficiency, and you can save money on gasoline. Many online sellers offer discounts that aren’t available in stores, and some offer free shipping on purchases that exceed a specific dollar amount. For making your large bulk purchases, consider finding a leading online wholesaler that offers everything you need in one location. It will increase the efficiency of the sale, while allowing you to conquer more of your shopping in one place and eliminate costly shipping expenses.
  6. Do it yourself. The DIY community has been booming ever since the beginning of the recession. With more people looking to save money, they were striving to find ways to conquer everyday tasks on their own. While some work requires the attention of a professional, there are a lot of simple tasks that you’re likely outsourcing that you could be conquering yourself. Next time you have a minor home repair job, troubleshoot ways to tackle the issue on your own, and call a professional only as a last resort.

While the economy is improving, many Americans are still finding it difficult to save money. There are a lot of ways you can pinch pennies and make your income stretch further, without having to burden yourself in the process. One of the best ways to decrease your monthly spending is by eliminating the allure of the shopping mall and buying your necessities in bulk from wholesale venders. With unbeatably low pricing, you can access the same deals as businesses, allowing you to enjoy a high standard of living, while saving money. Click here to explore a variety of bulk home supplies.