13 Ways To Save Money During An Economic Downturn (Thursday 13)

Thursday, May 28, 2009

You can't turn on the news these days without hearing about the recession; which I prefer to tone it down by calling it an economic downturn.

But there are ways to save even in these difficult times. And it's important to save whether there is financial trouble brewing or not.

Here are some great ways to save money now or anytime:

  1. Budget

  2. Create grocery list and stick to it.

  3. Use coupons.

  4. Shop online and compare prices. Many things are cheaper through Amazon than purchasing at Walmart or other big chain stores.

  5. Use a water filteration system instead of buying bottled water.

  6. Carpool.

  7. Combine errands to reduce gasoline use.

  8. Subscribe to newspapers and/or magazines online versus hardcopies.

  9. Line dry clothing instead of using the dryer.

  10. Brown bag it.

  11. Refill ink cartridges instead of buying them new. Walgreens offers a fast, affordable ink refill service.

  12. Pay with only cash and put coin change into a jar everyday. When the jar is full, have it counted by your bank and put directly into savings.

  13. Increase deductibles on auto and homeowner's insurance policies.
Kimberly

9 chatted about this topic:

Pamela Kramer May 28, 2009 at 10:29 AM  

Great suggestions! I'm using a lot more cash now instead of the old debit card. Change is good.

Sarah May 28, 2009 at 10:31 AM  

Love #12. Totally doable.

Sarah May 28, 2009 at 10:33 AM  

I have always been told "use coupons" but I'm curious on something. Where we live (considered rural), the only way to get coupons is by buying a paper. The newspaper delivery in an apartment is always shady and you can never rely on it, so that's money out the window. Going into a store to buy a paper (which most of the ones here don't offer anyway) is a hassle because you have to sift to make sure someone else didn't steal the ads and coupons from there. Plus, the only good part is the funnies. More wasted money ($1.75 a week adds up).
And now, a good chunk of stores are not accepting printed coupons because of people who forge them.

So how does one get coupons any other way?

Kim May 28, 2009 at 11:05 AM  

Hi Sarah, coupon trains are a GREAT way to get coupons. Here is more info: The Ultimate Guide To Saving Money On Groceries

Brenda ND May 28, 2009 at 11:48 AM  

These are good tips. Thanks.

aliceaudrey May 28, 2009 at 12:06 PM  

Good ways to save, downturn or not.

Smittenly Written May 28, 2009 at 1:28 PM  

I have just been trying to implement #10 this week. ;) Thanks for popping by my T13 today...glad that I could bring some joy...that is punny. ;)

mielikki May 28, 2009 at 3:50 PM  

all those suggestions are very sound in our challenging economy. Great TT
thanks for coming by to read mine...

Amy May 31, 2009 at 5:17 PM  

Thanks for the suggestions.

I use my Paypal card to make purchases, which gives me 1.5% cash back with no fees.

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