Thomas Murphy - Pine Shores Real Estate



Posted by Thomas Murphy on 3/11/2012

If you are looking for ways save money, cutting back on grocery expenses is often an easy way to reduce your spending. Here are ten tips to master frugal grocery shopping. A little planning can save you some big bucks over the long term. 1. Make a list. Before you head out to the store, prepare a list of everything you need, making sure you have everything needed for your weekly menu. Before you leave, check to make sure you don't have it in your pantry, fridge or freezer. Stick to that list and don't buy anything else. 2. Plan a menu. Plan a weekly menu for each week. This way you will know exactly what to buy. Be sure to plan a leftovers night. 3. Don't shop hungry. When you're hungry, everything looks good. When you shop hungry you'll end up spending a lot more. Eat first and then you will be able to stick to your list. 4. Set a budget. When you go to the store, know exactly how much you can spend. Then try your best to stick within that limit. Keep a running tally as you shop to ensure that you're within your budget. 5. Create a grocery spreadsheet. Keep your grocery receipts, then enter into a spreadsheet. This will be your price and comparison list. Use it so you know when bulk or sale items are a good deal. 6. Cook and freeze. Plan to cook a big amount of food and freeze it for multiple dinners. A great idea is to use one Sunday and cook a week's (or even a month's) worth of dinners. Plan 5-6 freezable dinners and cook them all at once. 7. Shop for specials. Every store has specials. Be sure to look for them in the newspaper, or when you get to the store. Don't buy things you don't use just because they are on sale; make sure you will use the items. 8. Buy store brands. Brand names are often no better than generic, and you're paying for all the advertising they do to have a brand name. Give the store brand a try, and often you won't notice a difference. 9. No "one-item" trips. They waste gas, and almost inevitably, you buy more than that one item. If you plan ahead, make a weekly menu, and shop with a list, this should drastically reduce the number of trips you make for a small number of items. 10. Stock up. Sale items can be a great deal. If it's an item you normally use, buy a bunch of them.





Posted by Thomas Murphy on 12/2/2011

The season of giving is here but wanting to give can lead to financial disaster. Making a plan that doesnít have your generosity get the better of you will take time and discipline. Here are ten tips to keep your holiday spending in check and keep you on budget. 1. Decide how much you choliday spendingan spend You canít spend a dime until you have assessed how much disposable income you have available. If possible, only spend money that you have. According to the National Retail Federation, consumers will spend an average of $688.87 on holiday-related expenses this year. Take that $688.87 and put it on a credit card with an 18% APR. At the minimum monthly payment, you will be paying that $688.87 for three years. That $688.87 has also now cost you an additional $203.00 in interest. The best plan is to save all year for holiday spending. If it is too late for that, start cutting back on extras like dinner out, buying lunch and stopping at the coffee store until the holidays are over. 2. Make a list and check it twice Make a list of everyone that will get a gift. No matter how big or small you will need to know how much you will need to buy. Donít forget the office swap, teacher gifts, mail carriers and other last minute items. 3. Set a budget Once you have determined how much disposable income you have you will be able to set a budget. Remember it isnít just the cost of the gifts that add up during the holidays. Consider gas, parking, holiday cards, postage, holiday clothes, and impulse buys. All of these items should be included in your budget. 4. Decision time Not only will you have to set an overall budget you will want to set a budget for each person on your list. It may even help to try to brainstorm some gifts for that person that fit in the budget. You may also decide at this point to trim down your list. Get creative; give cards, homemade gifts or even a framed photo. Gifts from the heart may mean just as much and cost very little. 5. Set expectations If there is a budget concern talk to the people in your life and see if there is a way you can all save on holiday giving. Some families do swaps or pick names so each member only has to buy one gift instead of many. You may also just decide to skip gifts all together. 6. Early shopping can pay off Look for early bird sales. Often late November and early December bring sales. Research the prices of the items you want to buy so you will know how to spot a deal. Look for ways to save on other items such as gift wrapping. Some stores offer free wrapping which saves money and time. 7. Donít buy on emotion If you stick to your list you are less likely to make an emotional purchase. Try taking a friend or family member along who is aware of your budget. They may be able to help you stay on task and guide you away from impulse purchases. 8. Donít get fooled by sales If a gift on your list is on sale, buy it. If it's not, stay away. Sales can lure you into buying something that is not on your list and quickly put you over budget. 9. Shop online Online shopping can offer savings that brick and mortar stores often cannot. Many online stores often have holiday sales and promo codes. When shopping online be careful to stay on budget as you will have to use a credit card. 10. Keep track of spending Keep a journal with all of your spending. In your journal put an envelope to hold all of your receipts. You may want to only use cash for your holiday spending. If your budget is $500 and you put $500 in your wallet and spent only that money it will be a lot easier to stay on track. Have you started your holiday shopping? If so, what are your best tips to staying on budget?




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