8 Things I Do to Save Money on Groceries

8 things i do

Shopping and Sale. I used to associate these words with my clothes, shoes, and bag before but now they’re equivalent to that of Groceries – this is now my retail therapy. Do not feel sad for me because really enjoy it as it serves as my mini ME time aside from the usual series watching, social media surfing and eating I do whenever Seb is down for the night.

And so being at it for a few years now, I think I can claim a little expertise on the subject and since Inflation reach its peak now and can really be felt. This seems to be a negative impact of the TRAIN law but let’s not get to that.

As I was saying, now that all products and services have become pricey I want to share my little ways of saving in one of the biggest factors where the household budget is allocated. GROCERIES.

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Save the Easy Way

Never spend your money before you have it.  -Thomas Jefferson 

Emergency Fund, Savings Account and even a few bucks in a piggy bank is a rare find in today’s young professionals. We often have this “purita on the last few days until the next payday” scenario. But when payday comes… “Let’s go out!” “Shopping – I deserve a reward for my hard work” and eating out on a new restaurant. Then minus the bills, bills and bills… the next thing you know  you’re thinking of bringing your own baon to save. Sounds familiar, right?

If your answer to every situation is yes then, you are a victim. (don’t worry you’re not alone as we’re on the same plate). Thinking now, don’t you think that its time to review your spending habits and change something? Well I do, and If you agree with me then let me help you.

I’d gathered the most suitable tips there is on most saving websites online and added some of my ideas too.

TIPS TO SAVE YOUR HARD-EARNED PESO:

1. The correct saving formula is: SALARY – SAVINGS = EXPENSES

We do exactly the opposite of it. Saving of what’s left. 

But then think of it this way, As if your savings (usually a 10 to 20% of your salary) is a BILL that you have to pay every payday. A BILL that needs to be paid on time and consistently. And if you missed paying it, then you have to pay double the next payday.

2. Necessities first before Luxuries

The top example here would be when you do your grocery, you tend to buy too many luxuries (i.e: lotion, nail polish, moisturizer, chocolates, sodas, cookies etc.) that usually ends to you not buying the important items for the household. or if not, resulting to you being over the allotted grocery budget.

3. Do It Yourself

Hair color, Hot Oil, Manicure and Pedicure, Car Wash – These things can all be done in the house by yourself or ask someone for help. Buy the materials needed then do the service yourself, you get to do it in your free time in the comfort of your own home. Ask your kikay friend for that hair color – you get to bond and look good at the same time. (Saving you a 150 bucks if you’re used to hanging out at a coffee shop).

The old saying: Hitting birds with one stone (classic) 🙂

4. Withdraw money only from your bank’s ATM

Balance Inquiry (I usually look first before I withdraw, so If you have the same habit then yey!) Imagine the fee for a balance inquiry, you can use that as fare, reload etc.

5. Walk to wherever you’re going whenever possible

You need this. To be fit and to sort out your thoughts.

You can save tons of cash without the overrated gym membership that you rarely attend to. you can take the time to think about anything while walking or just enjoy the beat of your music. (I make this habit of counting the number of songs i’ll be able to listen to, and with that add on the minutes –  let’s say every song is around 3.5 minutes so if I played 4 songs then that’s about less than 15 minutes travel time. (but if you think its too much then drop the math 🙂

every amount no matter how big or small counts.

every amount no matter how big or small counts.

6. Eat at home more often

Eating together with your family is important and you also get to eat as many as you like (unlike the limited serving in the restaurants). and of course, your mother’s cooking is still the best.

7. Have your stock of food at work and bring your own water

Every pay day, buy some food to stock in your work so when you feel the urge to munch on something then there’s no need to go to a mini stop or 7eleven to buy that expensive chocolate or cookie.

Also, try to avoid buying coke and soda’s which will increase your risk of diabetes. Just buy that cute tumbler that you can use everyday, not only had you save your money but you helped Mother Earth too by lessening the trash from the bottled drinks.

8. Go 3 in 1 (Coffee wise)

If you are a coffee person, then this will save you big time as you still get the same caffeine but at a very low cost. With just the correct combination you’ll be able to perfect and match your favorite flavor in your over the hundred cup.

9. Restrain yourself from impulsive buying

Most girls are guilty of it. Had it ever happened to you wherein you buy a certain item because it looks good in the store but  when you got home, it looks different and you regret buying it.

Why not just look at it first and when you still think about it after a week or more,  then maybe it really is worth it. Most of our buys are just impulsive because it looks nice but in reality it really is not needed.

10. Stop that Magazine Subscription

You can read online. You can borrow from friends.

Really, after you read it once or twice, what do you do with it? It just piles up and eventually become trash. Personally, I find beauty magazines too commercialized as everything in it are edited. Nothing is printed without undergoing an editing software (believe me I am a designer).

11. You’re never too old for a Piggy Bank

Consistent saving at any amount will lead to a sum of money in the future. May it be of coins or whatever amount you can keep will eventually pile up and can be use for whatever purpose you may need.

Save, save and save!

Save, save and save!

So there you have it… This list is very suitable for me, I find it all applicable and I hope this does the same for you too. Just think about it and if it works for you let me know 🙂

Savings is a MUST

I am very determined to make 2014 my savings year, and so I am building this dream one payoff at a time. I do the classic “correct” formula of

SALARY – SAVINGS = EXPENSES

I’ll say that since late last year I have been financially literate, and I plan to learn more, save more and hopefully, give more… I listed the following points that I hope to cross off at the end of the year and these are:

  • Stock Market – I want to buy a share of JFC
  • Mutual Fund – 30,000
  • Sun Life Investment and Insurance – 4500/quarterly
  • Maxicare HMO – 14,000 / semi-annual
  • Savings Account

I know I have lot on my list, but I think with the right discipline and determination I’ll reach this and… woah! what a personal achievement It’ll be… Being 26, things are getting serious now and stability and independence is a must 🙂

Upon reading on different blogs and financial readings, I read this two theories in which I can very much relate with.

30 days

Apply this against IMPULSIVE BUYING

How about you? Are you thinking of the future now or you’re still in the stage of spending all your money with a “I’ll-reward-myself” mantra? The most important lesson of all in saving is : START NOW! as time is the most essential thing here.

Let me share with you some of my financial reads online:

www.getrichslowly.org

callmekristine.blogspot.com

brighterlife.com.ph

pesosandsense.com

 

I posted an entry about STOCK MARKET 101… If you want to know the basics, click HERE.