Tag Archives: money-saving-tips

Honoring God With Our Money: Practical Money-Management Tips (Part 3)

This week’s lesson on honoring God with money focused on practical money-management tips.  These ideas have been culled from books, magazine articles, and internet sites, including Crown Financial Ministries and Christian Financial Concepts.

Today’s tips focus on ways to save on vacations and recreation, gift-giving, as well as general savings tips.

StaycationSaving on Vacations and Recreation:

  1. Take a stay-cation.  Take days trips to sites of interest in your general locale, go on picnics, visit museums, etc.
  2. Consider a camping vacation to avoid motel and food expenses. Christian friends can pool the expenses of camping items.
  3. Use Netflix or Redbox instead of going to the movies.  Also, saves on popcorn and soda.
  4. Have family games nights.
  5. To reduce expenses and increase fellowship, consider taking vacation trips with two or more families
  6. If flying, use the least expensive coach fare (i.e., late night or early morning usually saves 10 percent to 20 percent).
  7. Check out books and movies from the library.

Ways to Save on Gift-Giving:

  1. Shop ahead for birthdays and anniversaries.  Look for sales.
  2. Make gifts.  Learn new skills, such as sewing and knitting.
  3. If your family is large, draw names.  Or only buy Christmas gifts for young children and immediate family members.
  4. Help children earn money to shop for gifts.
  5. Consider sending cards rather than gifts.

 Saving money

General:

  1. Look for things you need on Craigslist.
  2. Take unwanted items to consignment stores.
  3. Have ‘planned’ leftovers for lunches and dinners on busy nights.
  4. Use your curtains and/or blinds to hold in heat in the winter and keep out heat in the summer.
  5. Wash clothes in cool or cold water.  Washing in cold water rather than hot water saves 60 cents per load.
  6. Don’t buy bottled water or $3 cups of coffee.
  7. Hang clothes out to dry.
  8. Cut out or reduce cable expenses. 
  9. Reduce cell phone expenses. Consider eliminating your land line.
  10. Down pay for music downloads—burn CDs at the library
  11. Eliminate magazine subscriptions and look for articles online.
  12. Dishwashers save more water than hand washing dishes.
  13. Take reusable bags when you go shopping.
  14. Reduce, reuse, and recycle.
  15. Frame your own photos and art work to hang on the wall.
  16. When ordering online, look for free shipping.
  17. Don’t spend change. Put it in a jar and cash it in at the end of the year.
  18. Put half of birthday money/gifts in savings.

Will your family be taking a ‘stay-cation’ this year?  What fun activities do you have planned?

What other tips do you have for saving money?

Honoring God With Our Money: Practical Money-Management Tips (Part 2)

This week’s lesson on honoring God with money focused on practical money-management tips.  These ideas have been culled from books, magazine articles, and internet sites, including Crown Financial Ministries and Christian Financial Concepts.

Today’s tips focus on ways to save on clothing and medical expenses for your family.

Saving on Clothing:

1)      If you can sew, consider making clothes.
2)      Make a written list of clothing needs and purchase during the “off” season when possible.
3)      Select outfits that can be mixed and used in multiple combinations rather than as a single set.
4)      Frequent the discount outlets that carry unmarked name-brand goods.
5)      Shop at authentic factory outlet stores for close-out values of top quality.
6)      Select clothing made of home washable fabrics.
7)      Use coin-operated dry cleaning machines instead of commercial cleaners.
8)      Practice early repair for damaged clothing.
9)      Learn to utilize all clothing fully (especially children’s wear).
10)   Check out Goodwill and the Salvation Army for clothing.
11)   Have clothes swapping parties.  Works for kids’ clothes and grown up clothes.

 Saving on clothes

Reducing Medical Expenses:

1)      Prevention is cheaper than treatment.
2)      Teach children to eat the right foods and clean their teeth properly. Good diet, rest, and exercise will most likely result in better health.
3)      Ask doctors and dentists in advance about costs.
4)      Shop for prescriptions and use generic drugs when possible.
5) Be sure to use doctors and labs that are in your insurance network.

Coupons for medical services

Honoring God With Our Money: Practical Money-Management Tips (Part 1)

This week’s lesson on honoring God with money focused on practical money-management tips.  These ideas have been culled from books, magazine articles, and internet sites, including Crown Financial Ministries and Christian Financial Concepts.

One of the most important tools in managing one’s money is to track monthly expenses.  In the past this was generally accomplished by either keeping a small notebook handy to write all expenses in, recording expenses on an Excel spreadsheet, or using the ‘envelope’ system.  The envelope system involves dividing one’s paycheck into envelopes, each for a designated purpose; when the envelope is empty no more money can be spent on the category of expenses until the following month.

In today’s digital world, tracking expenses can be accomplished more easily by downloading an app onto one’s phone, ipad, Kindle or other electronic device.  Since we tend to have our devices with us at all times, it is a handy, easy way to track expenses. Regardless of the method you use to track expenses, it is very important to consistently track expenses for at least several months so you can identify where your money is being spent.

Grocery sticker shock

Grocery bill sticker shock

Today I am providing lists of ways to save money on groceries and on eating out.  In other posts this week, I will provide lists of other ways to save money.  I hope that you will find at least a few new ideas for saving money in each post.  Please feel free to add your own money-saving tips in the comments.

Ways to Save on Groceries:

1)      Always use a written list and stick to it.  Plan meals for the week before shopping.
2)      Avoid taking your children grocery shopping.
3)      Never shop for groceries while hungry.
4)      Shop advertised specials, especially for nonperishables.
5)      Shop in bulk, if it makes sense for your family.
6)      Use a calculator, if possible, to total purchases.
7)      Reduce or eliminate paper products.
8)      Avoid processed and sugar-coated cereals. These are expensive and most of them have little nutritional value.
9)      Avoid prepared foods, such as frozen dinners, pot pies, cakes. You are paying for expensive labor that you can provide.
10)   Determine good meat cuts that are available from roasts or shoulders, and have the butcher cut these for you.
11)   Try store brand canned products. These are normally cheaper and the same products as name brands with a different label.
12)   Use manufacturer’s coupons and rebates only if you were going to buy the item anyway and it is cheaper than another brand would be without the coupon.
13)   Do not buy from convenience stores except in case of emergency.
14)   Avoid buying non-grocery items in a grocery supermarket except when on sale. These are normally “high mark-up” items.
15)   For baby foods, use normal foods processed in a blender.
16)   Check every item as it is being “rung up” at the store and again when you get home.
17)   Consider canning fresh vegetables whenever possible. Make bulk purchases with other families at farmers’ markets and such. (NOTE: Secure canning supplies during off seasons.)

Eating Out:

1)      Make eating out a special occasion.
2)      Know where kids eat free and take advantage when eating out.
3)      Order lunch size meals OR order dinner size meals and take leftovers home.
4)      Groupon or other restaurant special coupon deals–only buy if you eat at that restaurant.
5)      Avoid buying desserts at restaurants.
6)      Skip the ice cream shop and buy ice cream in the grocery store.
7)      Rather than eating out, throw a potluck party with family or friends.
8)      Make coffee at home; invest in inexpensive pot for the office.
9)      Bring your own snacks to work; take snacks in the car when running errands.
10)   Pack lunches for work.

What are your best tips for saving money on groceries and dining out?