Posts filed under ‘shopping on a budget’

Budget Down to Your Belly

Many college students have a limited budget. They are not able to spend money on things they may want, simply because they don’t have it. Instead, many result to the less expensive, next best thing.

According to an article by Investopedia, there are many industries that are benefiting from broke college students, for this reason. One industry that obviously benefits from college students is the alcohol industry. This would apply to all liquor stores, bars and beer/alcohol companies. Other companies that this article says are benefiting from college students are discount furniture stores, the automotive industry for economy cars and big box stores such as Target and Walmart. A major industry that is benefiting is fast food chains such as McDonalds, Taco Bell and Burger King. These are restaurants where students can quickly pay for food and almost instantly receive their meal. It’s simple and cheap.

Food is a main component that people spend money on. It’s a big expense in any household. I mean, after all, everyone has to eat! Whether you’re cooking in or eating out, you’re spending money for that meal. You either need to buy your meal from a restaurant or buy the ingredients to cook.  Eating out adds up, and although it’s nicer and easier than cooking, you should limit yourself to how much you go out. Buying groceries will last longer and be cheaper. With a little prior planning, you can lower spending more than you probably think.

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There are several things you can do as a buyer to lower the amount you spend while grocery shopping. First, you should always go with a list and stick to it. You should check what you already have in your kitchen so you don’t buy food you don’t need. Have a budget right off the bat of the amount you’re able to spend on groceries. Another good tip would be to keep your receipts. This is a good way to compare different shopping trips or food stores to find the best one. When shopping, it’s also helpful to buy things that can be frozen. This way, you can save food you don’t eat right away, and save it for later so it doesn’t go bad. Look for specials, sales and coupons. Stocking up on sales and buying in bulk will definitely help save! If you must go out, try and find coupons online or go when there are special deals at a restaurant. Happy eating!

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May 13, 2012 at 3:53 pm Leave a comment

Shopping on a Budget

Most people like to shop. Realistically, no one is going to stop doing things they like to do unless it’s absolutely necessary, but shopping can and will add up and lower the value of your bank account. However, shopping doesn’t have to break your bank account. There are definitely ways to lower the amount you spend when you’re shopping. You shouldn’t buy what you don’t need!

The first thing to lower your spending while shopping would be to create a realistic budget. Figure out how much you can really spend and stick to it! According to the Budget Fashionista, sixty to seventy percent of your budget should go towards the perfect ten, the list of everything that people should have in their closet. She says you should get items that fit your body type and personal style but avoid buying items you know you don’t like or don’t look good. Then, the other thirty or forty percent should go towards undergarments and accessories. It’s a good way to start budgeting what you need to spend on.

Another good way to use this method would be let the price tags lead your shopping. If you know you can’t afford to buy something, why even try it out. Be creative on the specific item you want to buy. So don’t fixate on a certain color or cut of something, try to keep your mind open.

There are also many other places you can go to shop other than the designer stores in the mall. Sure you can attempt to go to their sale racks, but a lot of the time those clearance or sale items can still be expensive. Instead, you can and get something similar in less expensive but still stylish stores, such as Forever 21 and H & M.

Another good idea to spend less in a mall would be to shop in the department stores, such as JC Penney, Macy’s, Target and Kohl’s. These stores have a wide selection and are usually less expensive than the individual stores in the mall. The clearance and sale racks there are even less expensive! Other great stores that have cheaper great finds on clothing, shoes and accessories would be Marshalls and TJ Maxx.

I’ve found that shopping in outlet malls is usually a good find. They have great stores, some brand name and designer, which have items for great prices and many items that are on sale. Consignment shops and yard or garage sales are also good ways to find cheap items for bargain prices. Finally, thrift stores are an awesome way to shop for less. You can look for the stores near you and figure out which stores fit your style. Good luck and happy shopping!

April 23, 2012 at 3:46 am Leave a comment


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