Last year I worked steadily on my debt elimination goal and to increase my retirement savings. I was able to make great strides on my goal and boost contributions to my 401(k) which will continue to steadily feed throughout the year. Mission accomplished!
My big thing this year is to complete my debt elimination goal (cross that puppy off the list!) and increase my personal savings account. The only way I see to accomplish this is to curb spending, paying as little as I can for the things we need and want.
I have acquired several gift cards. Three were earned by participating in some health and wellness challenges at work. One came from accumulated rewards points through my credit card company. Several were received as gifts. In the next few months I plan to use these gift cards to help me spend less money acquiring the things we need and want.
I plan to work really hard to seek out the very lowest prices I can on the things I do buy. That doesn't mean I plan to "cheap out", however. Quite the contrary. I think it is a waste of money to overlook quality. In the long run it isn't really a savings if you need to replace something because it doesn't hold up and work well.
I'll use patience and wait for sales. Use coupons as much as possible to pair up with sales priced items. And put more thought into those things that I do purchase to make sure I even need or want that stuff in the first place.
Also, I'll be careful to not be wasteful with the things we have. Using up things, which is something I try to be careful about. Fixing items, rather than tossing them out and replacing them. Maintaining items we have so they stay nice and function well.
I plan on reusing, recycling or repurposing items. I think it is fun to think outside the box a little bit and find new ways to use items rather than to toss them out. I wash out and reuse plastic Ziploc bags on a regular basis.
Pretty good strategies, I think. How are some ways you curb spending?