This is a guest post written especially for GSFF readers by Elise New who is a lover of money-saving strategies, gluten-free recipes, makes way too many home remedies, and is the author of frugalfarmwife.com
One Weird Trick That Can Save You Hundreds Of Dollars A Year
Still there has to be one trick to rule them all, doesn’t there?
YESSS! There is one weird trick and great way that, above all others, can save you hundreds of dollars each year. Are you ready for it? Here we go:
That’s it! Use a note-taking app on your phone or computer, or if you like doing things the old fashioned way, use a pen and paper notebook. You don’t have to have a tight budget to do this.
And here’s the trick: always keep it with you! It doesn’t do you any good if you can’t see it!
So how does writing everything down save you so much extra money? I’m glad you asked!
First, the obvious reason:
I know I spend too much time, and money on impulse buys and impulse purchases, especially at the grocery store or on household items. If you have to write down and be accountable for everything you buy, you’re a lot less likely to buy little things you don’t need! This is one of the easiest ways to not have your grocery bills go through the roof.
You can also do this for streaming services and subscription services. If you’re not careful, these monthly payments can make up most of your monthly bills. Getting rid of subscriptions, you don’t use is a great way to get your financial situation in good shape.
This sort of accountability works especially well if you share your list with your roommate or family members, and even have list meetings, with your significant other. If you don’t have one, asking a friend to be your accountability partner works wonderfully too! >
I would guess that this saves me an average of $5-10 every time I go to town. I’m not buying doughnuts at a coffee shop or stopping at a fast food joint if I have to tell my husband about it. This is also a good idea for online shopping. I know this is where my spending habits fail me.
Tip: Take a snapshot of your receipt with EverNote for easy saving and sharing.
What You Need
Keeping a running grocery list at your fingertips is invaluable for finding the best prices and the best deal. Any time you happen to be in a store prevents you from passing up a sale or a better deal because you didn’t remember that you needed this item.
I personally use the “Reminders” app on my iPod for an easy-to-reference running grocery list. I have one list labeled “Staples”, where I list the core group of foods that we always use, and therefore, could always take advantage of a great sale or best price.
I also have a second list labeled “weekly” where I list groceries that I need for that specific week’s meal plan. (For instance, we don’t normally use cottage cheese, so if I wanted to make lasagna one week, I would need to list it on my weekly grocery list.)
How much can you save by keeping a “staples” list handy? Honestly, the sky’s the limit! I’ve saved $75 on butter alone so far this year by finding a sale on it at a lower price that was half off what we normally pay, and stocking up. No, I’m not kidding! (maybe we eat too much butter?)
Tip: Check out our free Price Book Sheets to help you keep track of the best prices.
By writing down the prices you’ve paid for items, and where you bought them, you create an amazing big savings tool! Now you can compare prices everywhere you go, and never pay more than the rock bottom price for items you buy regularly.
This is a great way to save a good amount of money in the long run. Especially when you start using this list to recognize an amazing stock-up quality sale!
You’ll also be able to tell which type of item is cheaper. For instance,> Buying frozen produce is typically a fraction of the cost of fresh produce (I estimate that we save an average of $5 per week just by buying frozen broccoli – that’s $260 a year!), and dry beans are significant savings over canned beans.
With all these simple steps, you can put the extra money toward your long-term savings goals or short-term goals, your bank account will thank you.
I like to use spreadsheets for this part of my list making, a great place to go is Google docs this is a super handy and easy way to access them either via computer, or with on my cell phone (with the Google Docs app).
It’s nice to know at a glance that frozen broccoli is cheaper at H-E-B than Walmart, and that Butter is cheaper at Aldi than H-E-B.
If you’re going out, having a list of all your stops handy enables you to plan ahead for the most efficient route possible so that you save both time and a lot of money by driving fewer miles.
Likewise, having a list in hand when you walk into a store allows you to get in, get the things you need, and get out without wandering around unsure of where you’re going, and of course, picking up things you didn’t really need. This also makes it easier to use coupons.
You might be buying things that cost you more than you realize. I know I was!
It’s easy to think that something isn’t costing you much until you start looking at all those shopping lists and receipts. For me, the straw that broke the camel’s back was tortilla chips. They’re just a couple bucks per bag, but after looking at my receipts, I realized that $8 a month was $96 a year. I could have gotten a hotel room for that overnight get away with my husband that I wanted so badly. But instead, I’d spent it all on tortilla chips. Not. Cool.
That’s kind of where the whole list-making thing started for me. Because now that I have lists, I can see the mistakes before they get big.
Writing things down isn’t rocket science. We’re not clipping, matching, or stacking anything. it’s simply taking a few seconds to snap a picture of a receipt, or make a note on your smartphone.
Saving money doesn’t get much simpler!
Your turn: How do you use lists? Share your tips and experiences in the comments!
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