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Here are two great money saving tips I've used that
are more of less effortless and painless:

1. Save your change. I never notice it's gone and
within 6 months or so, I've got about $300. I then
take it down to the grocery store, where there's a
machine that will count it and give me cash for an 8 -
10% fee (it takes about 2-3 hours to roll and count
$300 in change so the fee is worth it). Then, I just
deposit the cash at my bank and write a check to my
brokerage account. It's an extra $550 or so per year
to invest that I would otherwise spend on gum, candy,
and other stuff I don't really want or need.

2. Shop around on the internet for big purchases. I
found a car dealership an hour away offering a sale
price on the car I wanted that was lower than what I
initially offered to my local dealership. I found a
furniture outlet in North Carolina offering the
furniture I wanted for 50% less than retail in the Bay
Area, including $1 per lb. shipping! The internet
makes it effortless to shop around for a great deal.

Hope this helps someone.


Matt "mgwood11"


I have to give credit to my father for this one. I am entering this in the
Fools contest on his behalf, although I'm not giving you his name.

I'm sure you all know how carpet wears at certain places. Sometimes getting
a good quality carpet is what you have to do. My father and I went to a
number of carpet stores looking for an ideal red carpet for the entrance way
and entrance stairs of the inside of his house.

First problem: Now, what if a good quality carpet doesn't come in the exact
color you need?

Second problem: My mother needs to hold the handrail while walking up anand
down up the stairs. This means her feet are going to be placed at the same
place on the stairs.

Solution: Buy the color carpet you need even if it isn't the best quality

Money saving idea: Yes, you got it. Make sure you don't place your feet in
the same spot on the stairs. My mother walks on the inside of the stairs
using the handrail and my father walks on the outside of the stairs without
using the handrail.

When my father told me this, I chuckled, but by the end of my stay at their
house, I found a place to put my feet that would not put wear marks in the


How to Save Money (on Long Distance):

Sign up for a long distance account with By dialing a
toll-free access number, they offer nationwide long distance at 2.9 cents
per minute (decent int'l rates, too, though I have no use for them).
-Same rate any time of day
-No Monthly Fees
-No Per-Call minimum Charges
-No switching long distance carriers
-Can be used from any phone (saving much on calling card costs)

For $10, I get 344 minutes of anytime long distance, which I use in a little
over a month. I'll assume the average long distance rate is 7 cents/minute,
and that the average person calls 3200 minutes a year, both low estimates in
my opinion. (I'm leaving out any monthly fees.)

Average annual long distance cost: $224
My cost with the same use: $92.80
Savings: $131.20

If I (I'm in my 20s) invest this money monthly in a no-load index fund in an
IRA that averages %10/year, I could make almost $40000 by the time I retire.
Just by using this long distance carrier.

I'm trying to make this sound impressive, so that I can win. ;-)

My Motley Fool username is "poorartists" and no, I do not have any
connection to except that I use them for long distance.


The best suggestion for saving money is to prioritize spending - recognize the big difference between wants and needs.
Cable TV vs. less TV viewing, bookstore purchases vs. the local library, Lots a bucks latte vs. that Mr. Coffee in your kitchen are just starters.
Once wants and needs are recognized, the next step is to act on that list. That action is to budget what is an actual need and priority and a tangible deposit of the savings. Take the dollars you would have spent on, say, the weekly (?) bookstore or the daily latte and place these dollars in a piggy bank. Its important to physically put the dollars in that bank.
At the conclusion of that week, total those dollars. The reward is of your choice. For me, it was a certain % to the Heifer International. And a certain % to spend at the church rummage sale. And the remainder went to my money market. The reward was satisfaction in accumulating savings and feeling better about helping someone else.


Aw, am I really limited to only ONE idea?

Here's my ONE: NEVER go shopping for groceries without first "checking stock" at home (freezer, cupboards, etc.) (in order to make out the weekly menu). Then, only items you really need go on the shopping list (plus the weekly menu is set, which can really be a deterrent to eating out or ordering-in thrrough the week), and time is saved in-store by eliminating the need to "browse" for ideas (what aisle are they in?) on the way home from work.

You could get way more complicated of course, checking the newspaper inserts and sales flyers, clipping coupons, etc., but if you BUY a lot of stuff merely because it seems to be a good value, only to arrive home and find you already had a bunch of it, then you spent more money than planned (again)and are burdened with a bunch of junk you have to store or use-up before it expires. Plus, food ages and seems less appealing (and can become freezer-burned, etc.) the longer you hang on to it....

Check your stock before shopping! Buy only what's on the list. (SAVE MONEY to invest in a different kind of "stock.")


My user name: monica3674

My tip:

Instead of using AT&T or another long distance carrier and paying a monthly
fee, 10cents or so per minute, a user connectivity fee, and a universal
service fee...purchase prepaid phone cards from Costco or Sam's Club. Both
offer rates around 3.5cents per minute with no other fees attached. I
program the 800 number and the pin number into my speed dial. It takes a
couple of extra seconds, but we save lots of money! You don't have to pay
state or federal taxes on the calls either! (I guess it's already included
in the fee!)


#1) Don't buy if you can borrow---most useful with library books and the
neighbor's tools.

#2) Don't pay for the same thing twice--don't have medical insurance AND pay
for medical coverage on your auto insurance.

#3) Don't let others know you have money---there will be many attempts made
to "borrow", or great opportunities presented whihc just need a little cash

#4) Decide how much and where you want to be charitable each year, then
IGNORE all solicitations by mail or other means.



One of the best ways that I know of to save money is to attend as many auctions as you can. I've bought cars (saved $3000 on one and about $5000 on another), stereos (saved about $1500 on a slightly used Harmon Kardon with Infinity speakers), antiques (paid $9 for one that is worth $2000+ depending on the experts I consult), tractor (saved $2000), appliances, computers, office supplies, garden equipment, and just about anything else that you could want. The key is patience (it may take several months to see exactly what you want), and knowing what the item is worth, and what you want to pay for it. I live better than all my friends and have about half the income. There are all types of auctions from estate to business, equipment, farm, government, irs, us marshals and etc. Many deals are awaiting.

My fool name is rockerrr.


from kiwis2
one of the biggest ways i can save money in my roth ira is when i get my
tax return, i don't even have any big plans of what i am going to buy
with it.......the day it goes into the bank account, i write the check
and send it to the brokerage account that i have my roth in. i thought i
would miss getting a return and buying something i had been wanting for
awhile, but after having done this for 3 years now, i don't even have
those thoughts about what i am going to buy with my tax return, if past
practice is any indication, it is better off building in my roth that
having been spent on something i probably didn't need anyway.........


I can't remember which Cary Grant (and Audrey Hepburn ??) movie I got this
tip from, but I actually used it one summer while living overseas.

In the movie, Charade I think was the title, Grant gets in the shower fully
dressed for some reason or other and when his co-star (it might have been
Sofia Loren in some other movie) expresses her shock, he merely says that
the instructions in the garment recommend maintaining the original shape
while washing.

Don't try this in a business suit like Cary did, and don't bother with it in
a humid climate (i.e. anywhere that it happens to be monsoon season), but if
you find yourself short of money (or time, another resource I can't seem to
get enough of, vacationing in an arid climate (summer in Madrid) and you are
garbed in shorts, tee shirts, cotton socks and such, then just take a
plastic bag along with the soap and towel and get into the shower dressed!

Soap up as you normally would, one garment at a time, and then peel it off,
soap it up again and then (once its soapier than you thought it would be)
squeegie it with your hands, then rinse it under the shower and squeegie it
again the same way. Once the soap is gone squeegie it until it's dry. Put it
in the plastic bag and start on the next piece.

You can get a few loads out of a single bar of soap and while you probably
spend more time in the shower this way, it is good therapy if you have
enough hot water.

TMF pareciere


My best moneysaving idea is simple, although it does take a few extra minutes
of my early morning routine. I PACK MY LUNCH! Using my wife's daily habit
of ordering to go or eating out, I estimate I save no less than 10 bucks
weekly. My wife spends about $4.00 daily on lunch (lowballed guess) and I
spend a maximum of $2.00 a day (usually ranging from $1.67 to $1.85). I can
choose to pursue any type of diet regimen and/or vary the menu as desired. I
may also eat at my desk or decide to walk to a favorite spot to escape the
office zoo.

As for the extra time needed in the morning, once my lunch preparation became
a daily habit, I could count on having it ready to go in 15 minutes. The
only other drawback--if I eat at my desk, I really need to clear the
paperwork off my "table".



I had a car loan at 6.75% in which the interest was not tax deductible. I own a home, which I can take out a home equity loan for 6% without closing costs. I take out the home quity loan and pay off my car loan. The interest is now tax decutible AND I am getting a lower interest rate. As well, since I will continue to make the same car payment as before I will pay off my car earlier. I use USAA, and I set up a payment to be sent every month, therefore it is not a choice for me whether or not I pay the same car note. It automatically happens. I also did not adjust my budget because I know once it is paid off I will have more money and can then adjust my budget accordingly.


My Best Money Saving Technique is something I call the
Stash n Run. It all started with $50. I realized if I
can physically SEE money in an account or more
specifically my checking account than I WILL spend it.
So, I set up an account with our companies Credit
Union which is located across the country in CA. I
split my direct deposit between my checking account
and my new account across the country. $50 in the new
account, the rest to my checking account. I chose $50
because I knew mentally it wouldn't be such a big deal
to see only $50 less each paycheck.

A little while later I set up a Savings account
connected to my checking account that I put another
$50 into every paycheck. After a few more months, I
started a Drip type account online, this time with $50
once a month.

Thus my title Stash n Run. I'm so busy stashing little
bits of money and running away from them that when
asked how much money I make every month, I really have
to think about it. My salary has now become only what
is direct deposited into my checking account. Still
all the stashing doesn't seem like much because each
stash is $50 and I think oh, $50 no big deal. For me
it was the small amount that enabled me to do it. I
NEVER, EVER add up all the stashed amounts, because
then I would think I had allot more money to spend.
Stash n Run!!



When purchasing items with cash, always pay by whole dollars, not with exact
change. Pocket the coins you get back and collect that "loose change" in a
jar. I save over $50.00 a month that way. You'd be surprised how few
purchases it takes to accumulate a lot of coins: a $17.99 book is $19.07
after [my] local sales tax -- pay with an Andrew Jackson and that's $0.93
back after only one stop. Buy some toothpaste at Target, a CD at Best Buy,
top off the ole gas tank, have lunch, and suddenly you've got five bucks
worth of shiny metal jingling in your pockets. And that's just on Saturday.
Yeah, it's, a-hem, small change, and it certainly isn't the core of my
savings program, but each month I collect enough to buy a bonus share or two
of my favorite stock or mutual fund, and I don't even feel the pinch of that
$50 during the month. After all, it's just loose change ….
Thanks, username: MsPhfft


It's like a children, ages 4 and 10, and I go through the
Sunday coupons and clip money saving coupons for groceries and
supplies. When we are actually market shopping, we match product to
coupon and do most of our shopping with coupons and special values from
the stores. We only buy what we would normally buy. We avoid impulse
shopping by sticking to our list. After check out, we look at the
amount saved at the bottom and then go home to deposit that "savings"
into a special bank. At the end of the year, we crack the bank and plan
a special event to spend it on. Last year, we saved $600 and used the
money for a lovely weekend in Las Vegas. This is a great way to show
children how to save today and to delay gratification.


Looking for a way to save money on air travel?

Don't just check ONE of the sites that purport to save you money (Travelocity, Expedia,, Orbitz, et al.) Check as many as you have time for. Results frequently differ by tens (even hundreds) of dollars.

If you're still not satisfied, use a fraction of the lowest fare you've discovered as a basis for your starting bid on the flights using Priceline or another site.

Good Luck!



The answer is simple:

Discuss your financial goals with your spouse (write them down if you
are single).
Get a money management program like Quicken or MSN Money.

Saving money starts with understanding where it's going in the first
place. I was fortunate to have a good job but did not have a good
financial plan and was spending money indiscriminately. The typical
routine was go to the bank machine, withdraw $100, and then go back
shortly after and wonder where the last $100 went. It did not seem a
big deal because I was putting a bit of money away and my credit cards
were getting paid off every month. No problem, right? Sort of.

A friend introduced me to MSN Money, a program that allows a person to
track all of their expenses, income, investments, etc, and put them all
into categories. When my wife and I first used the program, we were
quite shocked to see where our money was going. Spending $8-$10 on
lunch, 3 times a week did not seem like a big deal. However, the
program allows you to look at category spending over any time period and
it did not take long to figure out that $8-$10 on lunch 3 times per week
added up to about $1500 per year. Reality had set in that we needed to
change our spending habits and MSN Money helped us do it.

My wife does not work so each time I am paid, the program tells us what
bills will be paid in the next two weeks and those are subtracted from
my pay. Before that, we contribute to an IRA and a non-IRA account, PAY
YOURSELF FIRST! Once our bills and contributions are taken from my pay,
we allocate a fixed amount to each other, our "allowance". The
remainder goes into an investment savings account that is our dream
account to pay for future trips, furniture, renovations, etc.

If you do not have a computer, start by writing down where your money
goes over a one month period. You may be suprised how many places you
can find to save money. In addition, have a piece of paper with all of
your bills for the upcoming 2 week period so you know immediately how
much money will be coming off of your pay.

My bottom line is: understand where your money is going first, have a
plan for how much you want to put away for retirement and fun, and
saving money will take care of itself.


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