Living in hard economic times and during a recession is tough enough. However, what about some of us who do not even have a credit card? Every day there are job lay offs, cutbacks and businesses closing. More and more of us are falling into debt. We still need to fuel our cars, put food on the table, pay for the kids clothing, pay the utilities and of course the rent or mortgage. What do you do if you lose your job? Now how can you pay all these bills? For some of us, simple we can use a credit card. Which, of course is not the best way to go due to fees and interest rates. Too much credit can also lead to serious debt. Then there are the millions of American’s without any credit. Living paycheck to paycheck is what we call it.
Living paycheck to paycheck, can it be done? Yes it can be done. By changing a few things in your home or in your lifestyle, you can cut back your expenses during these hard economic times. If it allows you an extra ten dollars at the end of the week, you can put this aside for savings or for an emergency. The ten dollars will of course add up and up.
Another way of cutting back some expenses are if your the lady of the house and you enjoy getting your hair and nails done professional. Stop, start doing it yourself from home. A box of hair dye for only around ten dollars, beats spending $50-$75 at a salon.
Also, don’t shop and spend money on frivolous items. Just because they are running a sale right now, is this really something you need to have? Remember the most important word right now. That word is need. If you don’t need it don’t buy it. Simple this will also allow you to save some of your pennies.
Food or grocery shopping. How many of you have that one particular store you shop at? Most neighborhoods or towns, have several food stores, usually within a mile or two of each other. Start using all the stores, read the circular each week, cut any coupons if need be. Just by shopping at several stores, you may save yourself anywhere between $25-$75 per food order.
Another great idea to save money on any type of shopping are Wholesale Clubs. Stores such as BJ’s, Sam’s Club, or Costco. They do all charge an annual membership fee, but the fee is covered your first stop to the store just in savings alone. For example where I live in New Jersey, this is a great sale at a food store such as a Shop Rite or a Stop N Shop, fruit snacks 2 for $5.00. Each box only contains 10 packages of fruit snacks. So that is $5.00 for 20 fruit snacks. I can go to BJ’s Wholesale Club and purchase a box of 50 fruit snacks for $5.99. Now you can see how much money I saved. I have three children so I am buying fruit snacks all year long. This is saving me money each time.
Buy your meats in bulk. Most stores or wholesale clubs sell meats packaged anywhere from 3-6 lbs. Buy the meat, buy zip lock or store brand zip locks and break the packages of meat up in the zip locks and keep in the freezer, until your ready to defrost for cooking.
These are just a few of my tips for saving money, because I don’t have credit or credit cards. We are a family of five, living in a rather expensive area and we live paycheck to paycheck. I have to know how to survive, I hope some of my tips help you as well. We are living in hard economic times and any extra pennies we can save is a blessing.
Sources: Shop Rite, Stop N Shop, Basic’s Food Stores, BJ’s Wholesale Clubs