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Tips for Saving Money 
 
by Katharine Swan July 22, 2005

Save a Penny, Earn a Penny

Saving money doesn’t always have to mean buying less – sometimes it means buying cheap. There are a hundred and one ways to save money and still buy what you want and need.

Buy Generic Brands

Sure, the name brands don’t seem that much more expensive – what’s forty cents? However, taking that attitude with two-thirds of your groceries can put a real dent in your wallet. If you don’t believe it, try the old comparison trick: with one big shopping trip, buy all the name brands as you normally would. With the next big shopping trip, buy only generic brands, whenever they are available. Compare the receipts and you’ll be amazed at what you save! Forty cents per item adds up quickly when you have a full cart!

Clip Coupons… But Only for What You Already Buy

Don’t fall into the trap of buying something only because you have a coupon for it. If you wouldn’t normally buy the item, or would buy a considerably less expensive version, you aren’t really saving anything – you’re spending more to buy something you wouldn’t normally, which is why they gave you the coupon. So by all means, look for coupons and sales – but remember that it will only save you money if the deal is on something you already plan to purchase.

Shop at Discount Stores

Discount stores are a fabulous way to save money and still get everything on your shopping list – perhaps even without sacrificing your favorite brand names. There are discount stores for all varieties of shopping. Some “super” stores – such as Wal-Mart, Kmart, and Target – offer discounted groceries, clothes, books, movies, household items… Basically anything you could ever need in or around the house. There are also plenty of discount stores for clothing and home décor, such as Ross and T.J.Maxx. These stores offer a selection comparable to ordinary stores, but at a fraction of the price, allowing you to stock your kitchen, find household items, or supplement your wardrobe without blowing your budget.

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