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Cost-cutting tips
- Buy bread at bakery thrift shops.
- Ask your doctor about generic equivalents for your prescription drugs.
- Cut back on expensive gifts. Shop year round at sales to stock up on holiday and birthday gifts.
- Discover great “finds” at garage sales—but check items carefully, and stick to your needs.
- Visit clothing thrift shops for your children’s clothes—and for yourself too, if possible
- Ask your utility company to perform an energy audit of your home to show you how to reduce energy consumption.
- Wait until movies arrive at cheaper neighborhood theaters—or rent videos.
- Set the water heater to the lowest acceptable temperature (around 1400 ).
- Make use of the free entertainment at public libraries or local parks.
- Eliminate premium cable and extra phone services.
- Use public transportation, if available; purchase passes in advance if it will save money.
- Phone long-distance friends at off-peak hours. Better yet, write them letters.
- Try the barter system. Exchange babysitting services or trade lawn care for car care.
- Comparison shop for auto and homeowner’s insurance. Ask how to get discounts.
- Shop around for credit arrangements. Look for the lowest annual percentage rate (APR).
- Pack your own lunch. A restaurant lunch (even take-out) can cost four times more than the one you bring from home.
- Ask the question: How much is the total cost of the item, including all finance charges and fees, over the life of t he contract?
- Drink water, iced tea or drink mixes instead of expensive soda pop.
- Consolidate high interest credit cards to one with a lower rate.
- Don’t shop when hungry. Before you reach the checkout counter, put back those impulse items.
- Try to pay off at least the amount that you charged this past month, plus some of the previous month’s balance.
- Avoid costly convenience stores and convenience foods.
- Avoid the temptation to live a lifestyle that you cannot really afford, by funding it on credit.
- When food shopping, look for advertised store specials.
- Use coupons and rebates—if they result in products that are cheaper than store brands.
- When you find a good sale, stock up on pantry items, household essentials and personal grooming products.
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