Money Saving Tips

Money Saving Tips

We will discuss money saving tips that we have come up with. Some of them might not relate to your situation and some might not be realistic for you. That is okay we understand that life is short and even though we are trying to create a decent retirement for you that shouldn’t mean you should be miserable on the way to getting there.

Some sacrifices can be easily made and some will be difficult, it is really up to you to find out what is your comfort level for saving. We encourage and look forward to your input on this subject matter so please feel free to make any suggestions that you think will help out others in their journey to a healthy retirement.

Coupons are a great way for individuals to save some real money and still be able to do enjoyable activities such as eating out. There has been an explosion over the past year in startup companies whose sole mission is to bring retailers and customers together through coupons. It seems like the new way of doing business in the new economy and recovery process.

Coupons are great money saving tips tips and everyone can benefit from their use. However the problem with coupons is how do you actually benefit from the coupons besides from their immediate gratification.

As adults we know that good things come from immediate gratification, but really great things come from timely procured gratification. So our suggestion when using the coupons is to figure out how much you saved and put that dollar amount aside. You can use an excel spreadsheet to help you figure it out, it won’t take that much time to do and the end result might end funding half of your annual Roth IRA contributions.

At the bottom of the page are a few links of companies specializing in coupons. And don’t forget about those rebate checks. Please we highly recommend cashing in any rebates you might receive from consumer purchases and turn them back into cold hard savings not to be touched for many years.

Let’s say you spend $6,000/year on groceries and you are able to find $600 in coupons for those groceries over the year. Then you spend another $2,000/year on going out to eat and you can find another $200 in coupons. Then you find some great deals on clothes, saving you $1,000/year.

Finally the holidays come and there are a few birthdays that you needed to buy presents for and some of those presents give you some great rebates totaling $100 for the year. Well if you add up all of those savings you could potentially have a grand total of $1,900/year that will give you almost half of your individual Roth IRA max contribution.

This can be achieved by being thrifty, disciplined and spending a few hours a month on creating a new form of money saving tips for you and your family.