One of the magazines I subscribe to did a feature article on how to save up to $5,000 a year with their money saving tips. I am always up for saving money in places I wouldn't think to look, so I was pretty excited to see what advice they had to offer. Upon reading the article, I realized this must be for really stupid people who are already too extravagant in their daily lives. I was a bit annoyed since nothing they told me was really earth shattering and nothing I could really use to help save me some money.
Here's a few examples of their money saving tips:
Can't afford those cute shoes? Try talking up the sales associate with how much you love them, but they just aren't in your budget at the moment. See if they would be willing to tell you when they go on sale. Note, this generally only works at high end department stores.
Ok, here's the thing. I don't shop for shoes at high end department stores. Ever since I was told by a rather stupid male salesman, "we generally don't carry that size" even before going to look for them, I have just opted to shop where I can see what sizes they have available and try things on my own. Important to note, I rarely spend more than $75 on any pair of shoes I have. Sometimes this means taking a few trips before I find something I want, but that's ok with me.
On saving on cereal - Use coupons and watch your weekly sales flyer to combine sales with your coupons.
Really? This is like grocery shopping 101. They also quote a box of cereal to be about $6 which I makes me wonder where the hell they are getting their data.
On saving on land lines - Cancel call waiting and caller ID.
Who has a land line these days?
On saving on cell phones - Two ideas, one to check how much you are paying for a texting plan and then how much you are paying for a data plan.
I am not sure how other people's plans work, but our data plans include unlimited texting and we are on the lowest option for both of us (including lowest option for family plan minutes).
On gas - Check to make sure what kind of octane your car really needs and then only use that kind.
*scratches head* Do you really think people are putting in premium gas for the fun of it? And to those who bought cars that require the upper end gasoline, I guess let that be a lesson to you.
On mortgages - Stop paying PMI on your mortgage. If you have invested 20% of the value of your home already, consider cancelling this and saving a bundle.
Well that's all fine and well, but if it's anything like our loan, you have to pay PMI for 5 years regardless of the value ratio you have in your home. And if you are a home owner and forgot about this, well then I guess that's a good thing to point out. Although, PMI is expensive, I don't see how most people would forget the rules which make it go away.
Anywho, the 6 page article goes on like this for everything from general groceries, to savings on the home, cell phones, transportation, etc. You might as well have told people to stop buying high end sports cars and maxing out their credit cards with eating out. I just have a hard time wrapping my brain around who would be wowed by all the article's money saving tips. I mean, I can see a few of them being useful to some people, but by and large, I like to think the average human being has more sense than what they have the article tailored to. It's kind of like why would anyone buy anything full price at large department stores (ie. Macys), or go to Bed Bath and Beyond and pay full price for anything (how many 20% off coupons can one really use?). Maybe someone somewhere is now saving loads of cash and I should just be happy for them. In the meantime, I'll continue doing what I do to save the money I know how to.