Thursday, August 14, 2008

Really cool money saving tips

Really cool money saving tips


By: Zigfred

Filipinos from all walks of life has certainly been affected by the ongoing food and oil crises. I consider writing an article on money saving tips as my own little way of helping ease the burden of my countrymen. Besides one of the main theme of my blog is money saving tips.

The following are money saving tips that I have experienced and would like to share them with you:

1.) Be a "bulk" buyer - If you compare prices in your local grocery store buying bigger is always better. Notice the difference in price per gram between a 50 gram sachet of detergent powder and 250 grams. This fact is not even concealed by the products themselves. You will see a label that you will save a lot more if you buy the bigger item. This drives home to you a very simple principle, buying bigger is always better. You should avoid small repacks of certain items. This money saving tips is one of the most important tips to bear in mind.

2.) Buy from industrial suppliers - Companies get cheaper supplies because they buy in bulk or they manufacture their own. I got this idea when I first implemented the "buy in bulk" principle. I was thinking of buying a sack of detergent but I couldn't find it in the grocery stores. I did some reasearch and found out that you can get cheap detergent from laundry shops. The price of detergent is very cheap for them since they make their own soap. The quality of the soap that they make is more or less the same with commercial soap.

3.) Where you buy from matters - Previously, I discussed little bit about some money saving tips in my other articles. But that deals with not buying in a convenience store. In this series of money saving tips, the third tip I am giving is that you should be wise in choosing where you buy certain items.

To cite several examples, you can notice that vegetables and meat products are definitely cheaper in the wet market than in grocery stores. Hence, I advice that you do your shopping there for such items. The wet market is definetely cheaper because they buy the products directly from the farmers and fishermen. In contrast, dry goods, canned foods and other items are much cheaper in the grocery stores because they buy in wholesale straight from the manufacturers.




Want to know more money saving tips ? Visit the blog of Zigfred Diaz where he has some out of the box ideas on the subject including some interesting ideas on money management, investments and more money saving tips.