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Ways to Ensure Savings for Retirement

by Ashley

For some people, it’s difficult to live comfortably after retirement, with debt piling up and waiting to be paid off. And unfortunately, the greatest complication that comes with that is ensuring that money will be there for the rest of your retirement. While retirement may be far away from our minds, it’s better to plan ahead to avoid this big headache. Here are some ways to go about ensuring that money is set aside.

Start saving. This is the most common phrase you will hear for most of your life and it’s true, in order to ensuring money in your account – start saving now. Break those unnecessary daily habits such as spending money on coffee and lunch. Focus on the needs rather than wants. And always check in how much you have in your savings account.

Social security. When you retire and have Social Security, you will most likely get some funds from there, in addition to your savings account. Don’t forget about your pension, 401(k), etc from your last employer. Those three options will end up being your source of income.

Plan your budget. Know that you need to save about 70% of what you earn to go to your savings. Ditch unnecessary expenses, it will hurt you in the long run. Approximately measure the amount of income you will need post-career. If you plan ahead before you retire, securing money wouldn’t be an issue. Just think about how you will live during your retirement years and pinpoint what’s important during that period of your life.

Pay off debt. Make sure you always pay bills on time and you will avoid being in debt during retirement. It’s the worse case scenario to be in debt because all the money you’ll get from SS, pension, etc. will go towards that and you’ll be then left with nothing.

With discipline and planning ahead of time, you won’t be stuck in a rut once you settle into retirement life.


Why Bulk Buying is Smart

by Ashley

It’s smart to do bulk buying, especially if you want to save major bucks on items that you frequently use on a daily basis. Especially if you have a large family, it would be smart to buy necessities such as food, household products, and prescriptions in mast quantity at affordable pricing. Here’s what you need to know about the perks of this particular practice.

Compare. When planning on bulk buying items, look into what is the current value of the item when bought individually. If you do bulk buying, notice that merchandise sell it well below retail competitors. The more you buy, the less each unit will cost you. Compare prices using accessible digital tools such Calc Nexus or PPU Calculator and then decide which scenario gives you a better deal. The purpose of this tactic is to figure out if the product size provides a great value for money.

Awareness. Be aware of the quality of the items you purchase. Some merchandise require short shelf life so if you and your family do not typically use the products, it’s best not to buy items that spoil too easily and quickly. But on the contrast viewpoint of this, bulk buying is more cheaper. Keep in mind, once you buy a lot, you need to learn to love it. Experts recommend purchasing bath essentials, storage, and little things such as gum when it comes to bulk buying.

It’s Green. Not only it saves money but bulk buying, but this method allows people to use materials less frequently, and possibly reuse storage containers. And in terms of produce, most are organic, making this option more pleasing.

 


The Art of Couponing

by Ashley

We feel you – when you say that you would love to save money, and would be willing to go the distance to utilize every option possible to achieve this goal. Fortunately, coupons (still) exist, and many have taken this course of action to save major bucks, and some even declared it as a hobby.

The definition of couponing states that it’s, “the practice of distributing discount coupons to consumers as a form of product promotion.” It goes way back to 1887 when Coca-Cola distributed coupons to promote their beverages to the public. And then the Depression era came, and the practice dramatically rose up and people continue to still do it today.

There are lots of coupons up for grabs, if you know where to find them. Thanks to technology, they are available right at your fingertips, via phone or tablet. However, if you insist on going the old fashion way, they are accessible as well. Here are some methods to learn the art of couponing.

Print publications – Newspapers and magazines offer coupons if you look through their pages. Some Sunday newspapers, even contain booklets of them. It’s all about the setting aside the time to browse through them. Magazines such as Women’s Day, Good Housekeeping, and Parents feature coupon on their ad pages, making it accessible for readers.

Receipts – Think twice before tossing your receipts because a few offer printed coupons behind it. A few grocery stores offer this type of perk and it really saves on food and home items during future shopping visits.

Online – We get that you hate getting emails after you subscribe to consumer-related websites. However, there’s that option of congesting from daily to weekly or monthly emails to limit their emails flooding your inbox every day. Be sure to sign up at places and shops you frequently visit because being in the loop about their savings does save major bucks.

Snail mail – Every now and then, you get dozens of catalogs and flyers stuffed in your mailboxes on a weekly basis. Take the time to go through them on a weekend day, during your free time. You never know; you might find some coupons of value and put into good use for future purchases.

Product packaging – Remember looking into your cereal box and finding coupons stamped on the cardboard boxes? Or what about bottles that had printed savings aligned on their labels? Before tossing out packaging, peek around, especially if you are so keen on their items, you will have savings already for them. It’s a win-win situation.

Couponing is an effective marketing tool for companies who hope to drive in more consumers into purchasing their products. And good thing, it’s offered so easily to us now.

 


Swapping Fashion Duds Save Money

by Ashley

There’s an old idiom that continues to be heard here and there that, “a man’s trash is another man’s treasure.” And when it comes to fashion, the saying is certainly true, as fashion trends simultaneously come and go every year. So what to do with the clothes that you once cherished so lovingly a few months ago? No worries because there’s always a solution. I recently engaged in a conversation with a woman waiting for the bus with me the other day and she shared with me a random hobby of hers: fashion swap.

Fashion swaps allow people to bring new to gently used clothing and accessories that are sitting idle in their closet and trade them (if expensive, pay a small monetary fee) for something that will bring new life into their personal wardrobe. After all, shopping at thrift shops and vintage boutiques continues to be a fad so this method is no different.

Find local clubs. Clothes Swap Meetup Groups (clothesswap.meetup.com) is a website that allows individuals to meet others in the local area for a clothes swap session. With cities hosting events worldwide, there’s always a convenient location where you can meet a fashionista who will admire something you own.

Research websites. If meeting someone isn’t really your cup of tea, there are tons websites that offer fashion swaps. Etsy, Beacon’s Closet, and Swapstyle feature an array of items for people to indulge in. Simply take a snapshot, post, engage in conversation, and ship out the item you have traded in.

Essentially, fashion swaps allow one to prevent from habitually shopping because after trading in old duds for another, it feels like you’re getting something new in the end.



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