5 Consistent Ways to Save!

Folks in Minnesota, and especially Golden Valley, are known for being practical and financially savvy.  But with the way the economy has turned over the past few years, we've all had to change spending and saving habits, and many of us are looking to get back on track.

So before I go into extreme couponing or any of the other topics I write about when it comes to spending money, I want to make sure we cover saving money first!

Uniformity = Savings

“Getting money is like digging with a needle; spending it is like water soaking into sand.” – Japanese Proverb

I think the Japanese had it right when they said, “Getting money is like digging with a needle!” We all know how easy the spending part is. The proverb addresses spending money and obtaining money but it leaves out saving it. I would add, “Saving money is like trying to hold on to an eel in an oil pan–not easy!” 

I think that getting a check on today’s household budget that is creeping towards $11,000 a year (minus discounts) is as tough as holding on to an eel–and continuing to hold on daily.

Saving is sometimes exhausting and frustrating.  In the end however, the only way to whittle down that household budget is to get serious and be consistent.

If we don’t lose sight of how huge our annual expenditures are it becomes easier and more motivating to be consistent. I try to think of the thousands that my groceries and household products are potentially costing rather than in the dribs and drabs of $25, $50 or $75 that go out at a time. It keeps me focused.

The household budget is a sizable investment–akin to buying a new small car annually therefore it should be considered and handled with the same forethought and finesse as every other major family expenditure. 

We don’t run out and pick up a car, a piano or a refrigerator. We comparison shop, check prices, look at flyers, listen to commercials and check online. Shop for groceries with the same conviction–perhaps more. 

Consider this and then take a deep breath; the average family of four may be spending up to $50,000 every five years on groceries and related products. I’m not suggesting that we stop eating and buy a Mercedes, just that we realize how expensive it is to live and make adjustments accordingly.

Nothing worthwhile comes without effort. Educating yourself as a smart consumer, being consistent and developing coupon savvy is takes some time. It can seem monotonous because shopping and normal household duties are usually referred to as “chores”.  It’s important not to give up after just a week or two. Each time you make a list and stick to it or add up your coupon savings and keep track it increases your incentive to see your savings grow. I know that works for me.

1. Be educated, know the local sales!
2. Stay focused on making saving your goal.
3. Set a savings goal: $10 a week?  $25 a week?
4. Reward yourself when you reach the goal.
5. Keep track of your savings — your results may astound you!

We are all in this together. I would love to hear how you are comparison shopping in these down times. Or, if you have a comparison shopping tip or can tell us how you saved up and met a financial goal, please leave a comment! How do you stay motivated?

Jan Leasure is the creator of $uper $aver Survival, a time and money saving website which features frugal living advice, household tips, coupons, recipes, giveaways and more. Visit www.Jan-Leasure.com and join her savings community.