All about the Internet Marketing

Posts Tagged ‘budgeting tips

Use Coupons to Save Money – Free Samples!

I got this question from Peter of Washington, US. Peter, first of all thanks for asking such an important question as many others keep asking for if they should look at the saving coupons seriously or not!

This is really a difficult time and difficult time requires extra ordinary actions on our part to survive. In the past I never used to think about using free samples but I have changed my attitude towards these offers now. In any case most of the marketing companies need test customers where they can supply their products and test the market. So why not take advantage of this to our benefit.

So I was looking for some good offer and it seems that I found one good offer for all of us.

  • CoolSavings is the Internet’s leading FREE coupon/money-saving-offer website, offering real FREE Grocery Coupons, Store Coupons, Online Coupons and mountains of other freebies! It’s highly accepted, with millions of registered shoppers.

So why not we use this offer to save money on our grocery shopping. Here is the coupon for you:

I have also found a GREAT resource on saving coupons and that blog post is presented here:

Over the time I have realized that every single penny counts and we all should look for ways and means to save money every day!

Wishing you saving every day,

Jay Author

This is a question from Peter of Idaho, US who has asked for the simple tips on how to survive in the current recession environment. First of all, thank you for asking such a timely question. This post will be important for every one.

So what should we do in the current environment? Here are some tips for your consideration:

1. Stop living on credit cards. If you don’t have cash in your bank, start changing your lifestyle. But make it a financial discipline that you would not use any credit cards at least for few months. If you do this, you will start reducing your monthly expenses. This works for real!

2. Be honest with yourself and with your family about your financial situation. Sit down with your family and share your financial situation with them. Ask for their help in reducing the expenses. If you can cut the expenses and start saving that money, bingo you should start doing that.

3. Pay off high interest debt. If you have any higher interest debts, start looking for money which you can divert to pay off this debt.

4. Make a plan if you loose your job, what will you do. What other family members will do? Start preparing for contingency plans. When you discuss all of this with your family, they may give you weird look. But it’s OK. Your job is start preparing for the unforeseen and keep your family together. It’s easier to fight out any recession together as a family if all the family member starts working rather than only 1 or 2 family members. Support each other during any tougher time and you will come out as a winner.

5. Preserve your savings if you can. Don’t use your savings for any luxury items. If you have to pay off higher interest debt, it’s ok to use your savings but not for other reasons.

6. Plan for the emergency. If you plan for the emergency before it hits you, you can handle it better. So prepare a plan and keep reviewing it as you go along.

7. Be smart about your house. If your house is becoming a liability for you, then put in on rent and you move out to a smaller place. With so many foreclosures, there is more supply of houses for rent than the demand. Take benefit of it! But don’t move out before you put it on rent.

Even though the above steps may be small steps but these will help you a lot in overcoming the tougher times.

At the end, don’t loose the hope and remain optimistic. All the best!

Jay Author

PS: As I was writing this post, I found a great post on the greatest financial mistakes.

I got this question from Noori of Seattle, US asking ‘how can I create my budget fast?’.

First of all, thanks a lot to Noori asking this very timely question especially in this current economic recession time. Secondly Noori you are not alone facing this problem. By saying this, I don’t want to say that it’s ok not to do your budget just because it seems so tedious. My job is to make it easy for you and for the blog readers.

When I was creating my first budget just after college, I had real tough time. I kept on putting this task away for too long. One day I was checking my account and then I realized that my savings are zero. I started thinking how can I get control on my finances. That’s when I started thinking of putting up a budget. So here are the tips which I learned the hard way but you can learn the easy way by reading and acting on this.

1. Collect all your bills for a month and then put these bills in different categories like utilities, grocery, rent, etc. You should make sure that you creat your own categories which work for you. Here is a watch-out for you, don’t be too overconfident of yourself in the beginning that you can manage this system. So keep the system as simple as you can. Make it intuitive for you.

2. Once you complete putting all the expenses in their categories, add up the bills and see how much money you need to allocate for that category. While doing this exercise, you should challenge yourself for cutting the unnecessary expenses. Be realistic and start with a budget which you can live with.

3. Once you are ready to put your system to test, implement it for a month. At the end of the month, review your sum of the expenses and see if you are within your budget or out of budget. Target only that category first where you are busting your budget. Review it carefully and see how can you reduce your expenses. Be creative and see opportunities for reducing your expenses.

4. Check the expense for each category again and see how you did for your target category. If you achieved your target, then reward yourself with something which you enjoy. Don’t overspend just go for affordable ideas. This step is very important.

5. Over the time you will fine-tune your budget and review it every month. And as you achieve your targets every month, you will be more confident for the bigger challenges.

6. So what’s the big challenge? Now it’s time for looking for room to start saving money. You were really creative when you started reducing your expenses by using out of box ideas. The same creativity will help you again. Start with a small saving target.

7. Stick to your budget and start saving money!

So isn’t it easy to put up a budget? Well that’s the fact but implementing it is the real challenge. You should look for help from your spouse or friends or relatives who can be part of your budget review and can monitor your performance. If you can’t manage yourself well, then let others help you manage your financial actions.

For those computer-savvy readers, I am sharing some resources here:

 Jay Author