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How To Save Money On Just About Everything

Welcome to My Saving Place where you will find an abundance of tips, tricks and good advice on how to save money on just about everything.

Happy Savings,
The Saving Lady

Is Food Waste Costing You Money?

Did you know that Americans waste approximately 25% of their food every year?  And Americans spend a lot of money on food. Depending on the size and age of your family, the USDA estimates that you could be spending over $1200 per month on food.  The average single man or woman can spend well over $350 per month on food. How do you feel about throwing 25% of that amount – $88 to $300 – into the garbage can every month?

We Americans like to eat out a lot as well to the average tune of $238 per month. If you’re leaving 25 % of your food on your plate at a restaurant, that’s an additional $60 per month you’re tossing into the garbage.

No matter how you look at it, that’s a lot of money, money that could be going towards your retirement savings or your rainy day fund or paying off credit card bills. One hundred dollars per month saved and compounded over a period of even 20 years at a modest interest rate of 5% would amount to over $40,000. Over 30 years it grows to nearly $84,000. That’s not chump change.

So how can we prevent this kind of waste? Check out 20 ways to reduce food waste. You might just find that your grocery bill has gone down, that you’re eating healthier, that you’re shedding pounds, that you save on your garbage bill and a lot more plusses that you never thought of just because you’re no longer wasting food.

Is ther a right way and a wrong way to save money?

Is there a right way or wrong way to save money? There certainly are mistakes to avoid.  Making these mistakes is obviously the wrong way to save. Adhering to them will set you up for the right way to save.

The Las Vegas Review-Journal seems like an unlikely place for an article on how to save money, and yet it perfectly outlines 10 major mistakes to avoid when trying to save.  Simple concepts like using a budget and setting goals are but two tools that, if avoided, will almost surely set your savings plan up for failure.  The article provides a blueprint to help you put your savings plan on the right course.

The Only Real Way To Save Money

What happens when you get in your car and leave the house? If you’re like me, it means only one thing. You’re going to spend money. Think about it. Unless you’re just picking up the kids from school, every time you drive (or walk) away from the house, you are probably headed to a store be it at a shopping mall, the super market, a 7-Eleven or a gas station.  With the exception of the gas station and the super market, is anything else really necessary?

Check out the wisdom of Eric Ravenscraft. I couldn’t put any better myself.

Savings Round The Net

If, after looking through this site, you’re still looking for ways to save money, you might want to head over to Pinterest for 94 more ways to save.  These include getting your hair cut at a beauty school for little or no money, getting your teeth cleaned at a dental hygiene school for a small fee, taking a hot water bottle to bed with you instead of turning up the heat.

Did you ever stop to think that every time you leave the house chances are you end up spending money somewhere on something?  Maybe you need a spending-free weekend. Get 6 tips for planning a weekend that doesn’t include spening money.

Now if you’re really trying to save money, you might want to try the minimalist life style. It’s really not as hard or depriving as it may sound. Discover how to save money  with minimalism.

What does having a BBQ grill, a storage unit and a Costco or Sam’s Club membership have to do with saving money? Believe it or not, these are all items that can be shared. It’s called “collaborative consumption,” and it’s really starting to catch on as a way of saving thousands of dollars a year. This can be done with neighbors, family, friends or just about any group willing to participate.  Here’s a list of 36 things you can share and some helpful ideas to make sharing a successful way to save money.

Planning to travel by air anytime soon? By now we have all heard that in order to save money on airfare you should purchase your tickets 3 months in advance at 3pm on Tuesdays. At least this is what has been in the news lately. Well, here are 5 other tricks you can use to find the cheapest air fares as well.

5 Ways To Save On Utilities

Fall is knocking on the door. That means that pretty soon we’ll be turning on the heat. Early sunsets mean that we will be using more electricity.  Less outdoor activity means that our utility bills will rise substantially. How can you best hold down some of these rising costs? Here are some ways to save on utilities.

1.  If you don’t already have one, invest in a programmable thermostat. For all you techies, they now make a wi-fi model that can be controlled from anywhere  as well as the standard 7-day  hard-wired one. For less than $100, you will make up the cost in energy savings within the first year.  Set temperatures higher for the times when you are home – 68 degrees for maximum benefit — and lower when you are away or asleep.

2.  Most gas or electric companies will perform an energy audit free of charge. This will tell you where your energy costs are disappearing to.  Sometimes it’s as simple as putting weather stripping around doors to the outside. Sometimes the fix is more expensive, but at least you will know what you need to do to shore up the energy losses.

3.  If you’re still burning incandescent bulbs, switch to the new LED’s or at the least the CFL’s or saving on your electric bill.

4.  Buy smart surge protectors that automatically turn off appliances when they’re not in use. This helps reduce the loss of electricity called “phantom load,” power that is used by appliances even when they are turned off but still plugged in.

5.  Turn your water heater down to 120 degrees. Water heaters are one of the big power users in your home. By decreasing the temperature, it reduces the amount of energy used saving you money. Chances are you won’t even notice the difference between 120 degrees and 140 degrees.

5 Best Apps For Grocery Savings

A smart phone is one of the most expensive gadgets you own. Put it to good use by letting it help you save money wherever and whenever it can. Apps are the solution to this, and here are 5 apps that can help you save money on your groceries.

1.  Checkout51 shows you a weekly list of offers that allows you to get cash back on both grocery and non-grocery items. It takes a little bit of work on your part, but it does have its rewards. Examples are: $1.00 back on Oreo Cookies, $2.00 back on Special K Cereal. These savings mount up. When your total reaches $20, the company sends you a check (which you can then deposit in your savings account).

2. Favado notifies you when your favorite items are on sale. It also provides the sales price, secret sales and links to coupons you can print out.  It’s a little more cumbersome to use since you can’t print coupons from your phone., but it’s a great planning tool.

3. iBotta is another app that gets you cash back on items that you already buy. It’s a little quirky since you have to perform a task (take a survey, watch a video, play trivia, etc.) in order to get your rebate. Once you’ve gone through all the requirements, your savings are held until they reach $5.00 and then deposited into your Paypal or Venmo account.

4. Substitutions doesn’t save you money like the other apps do, but it can save you from pulling your hair out as it gives you food items you can substitute in place of a missing food item or the wrong food item. An example is: What can you substitute for baking powder in a recipe? This is a must-have app for all of you wannabe gourmet cooks.

5. GroceryIQ is perhaps the tops grocery shopping app. It is also available online. It has millions of items in its database. You can customize your list for the way you do your shopping at one store or multiple stores. If you divide your shopping between different family members, you can share the shopping list or lists and sync between devices. There’s more to this app than meets the eye.

Saving ‘Round The Net

Here’s a round-up of some of the best saving ideas found while surfing the Net this week.

1.  If you’re kids are college bound and a tech gadget is on your shopping list, you’ll wan to know how to get the best deals on technology.

2.  Ever think about how much you spend doing laundry? It’s probably more than you ever imagined. Discover ways to save money with every load of clothes you wash.

3.  If Microsoft manages to save $500 in a year, it’s not even a drop in the ocean, but if you can save the same amount, it means something. Here are 10 thrifty ways to save money.

4.  What brand of sugar do you think Rachael Ray buys? If she’s like most professional chefs, she buys a store brand. Most well-informed people know that store brands offer the identical product for a lot less money. Read how store brands can help you save.

5.  Traveling to a major metropolitan area soon? This usually means spending more than you should, but not if you follow these tips for saving money in a big city.

6.  Not many people nowadays don’t have a smart phone. And if you want to be smart (and committed) about saving money, there are apps that can help you along. Here are 11 apps that help you save.

Save $1000 in a year? Easy Peasy!

Who would’ve thought just a few simple adjustments around the house could save you as much as $1000. It can’t get much easier than this.

5 Tricks To Save Money

Our brain has a nasty way of sabotaging our good intentions. It is wired to want instant gratification, and saving money is a long process. The gratification we get from saving comes only after many weeks, months, and years.  Here are 5 ways to circumvent the brain’s ongoing attempt to derail your saving plan.

1.  Don’t stop making loan payments. You’re down to the last car payment. Rather than spend time thinking about what you’re going to do with all that extra money, just keep making the same payment, but make it to yourself. Let’s face it. You’ve become accustomed to being without that money for the past 3 to 7 years. It’s part of your budget. Think how quickly your savings account will mount up by simply diverting that now gone car payment towards an emergency fund, college fund or your future security.

2.  Use folding money and save the change.  Shop with good old fashined cash — $1 bills, $5 bills, $10 bills, $20 bills. Whenever you break a bill, put the change aside and deposit in a piggy bank or, when enough has accumulated, into a saving account.  This little maneuver can become addictive when you watch the change grow in a glass jar.

3.  Send yourself a bill.  If you’re the type that will pay any and all billsbut can’t put a penny in a piggy bank, then you might try sending yourself a bill that you pay just like you pay all your others using a free online service like

4.  Automate your savings.  If you never see it, you’ll never miss it. Set up an automated transfer the day your paycheck is deposited. It doesn’t have to be a lot. Even $10  – $20 a paycheck is a good start. You will quickly learn to live on what is left.

5.  Bank your cash rewards.  Rather than spend the cash rewards you get from your cash-back credit card or the rebates you receive from online shopping through , put those savings into a savings account instead.  It’s money you would not and so should not miss, but it does mount up.