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Author Topic:   What is your best money-saving tip?
jh
Housemate
posted 01-28-2005 01:51 PM     Click Here to See the Profile for jh   Click Here to Email jh     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by BionicGirl:
... my mom taught us all the tricks of sneaking food in (just through example). I have taken entire meals for 2 into the theater on numerous occasions.

How do you sneak in an entire meal for two? I'm amazed!

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Jezabel
Housesitter
posted 01-28-2005 08:41 PM     Click Here to See the Profile for Jezabel     Edit/Delete Message   Reply w/Quote
So many smuggling jokes, so little time...

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SeaJay
Housemate
posted 01-28-2005 09:15 PM     Click Here to See the Profile for SeaJay   Click Here to Email SeaJay     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by jstrizzy:
although it doesn't seem to work on Americans. you'd think that between the rising gas prices and the SUVs that consume an insane amount of the stuff, people would be driving less. yet every time the local news does a story on gas prices, they have plenty of footage of people saying, "it sucks that gas is so expensive, but it's not really having any effect on my driving habits."

Most of the US isn't really set up to accommodate efficient public transport. It's all spread out, so you can't get a sufficient volume of people going from one place to the next that make it cost and energy efficient enough to offer a sufficient number of services to make it practical for people to use every day. When I used to live in San Antonio, I specifically wanted to be able to walk to work (I'm not a big car person). The closest apartment I could find to where I worked was 8 miles away. I thought I'd bus it in to work instead as I'd chosen a location with good bus routes -- it worked out that it would take me over 2 hours to travel those 8 miles every morning.

I often wonder how the US can reduce its fuel emissions, given the way it's set up. I live in the UK now -- most European towns were built before there were cars, so they had to be convenient for the most common form of transport -- walking. When I first came to the UK, it was pretty easy to get around using public transport. It's still a lot easier than it is in the US (depending on where you live), but the emphasis is shifting towards cars and personal mobility. People here complain about the cost of petrol (it's about 85 p/$1.50 a litre) but I think petrol prices should be high, so that more public tranport infrastructure can be built and people start using it more again!

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SeaJay
Housemate
posted 01-28-2005 09:31 PM     Click Here to See the Profile for SeaJay   Click Here to Email SeaJay     Edit/Delete Message   Reply w/Quote
Oh yeah, and as for the original topic :

When I used to live on a really tight budget, the first step I always took was to cut down my largest potential fixed costs to the cheapest feasible minimum (ie rent and car). Then I'd add up all my unavoidable monthly expenses (water, electric, insurance, etc, but not food) and then add in a contingency factor (to cover unexpected things or things I might've forgotten when drawing up the budget). Then I'd work out how much money I had left over to work with each month, divided that figure by four, and got that sum out of the bank in cash every week, and used only that to pay for groceries, evenings out, etc. When I ran out of money, no topping up from the bank. It makes you very conscious of all the little places your money goes. I also used to clean out my fridge once a week just before going to the grocery store -- this gave me a good idea of what I had to use up and what I might want to eat over the next week, so I ended up spending a lot less of food through reducing waste. Oh -- and never buy something just because it's a bargain. for example, if they're having a 3 for 2 sale in the jeans store, and I really don't need more than one pair, don't buy a second one just to get the third one free.

These days I don't have such a tight budget so it's not so critical -- the most helpful thing I do now is to have a set amount of money transferred from my current account into savings each month. It used to bite at first, but after a while you learn to live within your new budget, and then you have nice pot of money to either put into long term savings, or to invest, or to buy christmas gifts or what have you.

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becca11
Housesitter
posted 04-27-2005 07:01 AM     Click Here to See the Profile for becca11     Edit/Delete Message   Reply w/Quote
bump for quirkynerd

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quirkynerd
Housemate
posted 04-27-2005 07:05 AM     Click Here to See the Profile for quirkynerd   Click Here to Email quirkynerd     Edit/Delete Message   Reply w/Quote
Thanks, Becca!

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dcgrrrl1979
Housemate
posted 04-27-2005 07:25 AM     Click Here to See the Profile for dcgrrrl1979     Edit/Delete Message   Reply w/Quote
Has anyone seen The Grocery Game? I came across an article about it in Women's F1rst (one of those silly women's mags that features the latest crackpot diet - fruit and milk, for example). I spend ridiculous amounts on food, especially for a single person... I may give it a shot once my kitchen is back in working order.

Theoretically, to save money, you have to know where your $$ is going in the first place, right? Has anyone found a tracking method that you're able to keep up with month to month? (Hey quirkynerd, you're not the only accountant who should know better :-p )

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quirkynerd
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posted 04-27-2005 08:13 AM     Click Here to See the Profile for quirkynerd   Click Here to Email quirkynerd     Edit/Delete Message   Reply w/Quote
Just posted about this over in the Things that make you Happy thread, but I just called and completely BS'd my way into a 3%-reduction in my CC interest rate.

And then promptly went to another website and applied for a new card with a 3.99% transfer rate. I'll probably keep the old card open but freeze it (for the debt ratios and such)... the new one has all sorts of rewards programs and mileage, too!

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pollyhyper
Housesitter
posted 04-27-2005 10:35 AM     Click Here to See the Profile for pollyhyper     Edit/Delete Message   Reply w/Quote
QN, what did you say to them?

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Shadowhand
Housemate
posted 04-27-2005 10:46 AM     Click Here to See the Profile for Shadowhand   Click Here to Email Shadowhand     Edit/Delete Message   Reply w/Quote
I was going to bump this today!

I've just dicovered the joy of cycling. If I'd have cycled to college for the past two years instead of getting the bus, I could have saved a very large amount of (my parents) money. Plus, it's better for the environment and keeps you fit etc.

So, people...cycle. I will be doing so from now on.

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quirkynerd
Housemate
posted 04-27-2005 10:46 AM     Click Here to See the Profile for quirkynerd   Click Here to Email quirkynerd     Edit/Delete Message   Reply w/Quote
I told them that I appreciated the $3000 increase in my credit line, but that I would rather have a reduction in the interest rate (which is true); that I had several offers in hand for balance transfers with intro rates of 1.9% (also true, but they're in pieces in the bottom of the shredder); and that the regular rates on those cards were around 9.9% (also true depending on the applicant's credit rating).

So it wasn't complete BS, just manipulating the truth. Now I'm paranoid... why do you ask?

edit because I can't spell.

[This message has been edited by quirkynerd (edited 04-27-2005).]

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quirkynerd
Housemate
posted 04-27-2005 10:49 AM     Click Here to See the Profile for quirkynerd   Click Here to Email quirkynerd     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Shadowhand:
I was going to bump this today!

I've just dicovered the joy of cycling. If I'd have cycled to college for the past two years instead of getting the bus, I could have saved a very large amount of (my parents) money. Plus, it's better for the environment and keeps you fit etc.

So, people...cycle. I will be doing so from now on.


Oy, yes - my lease is up in January, so I'll have to drive to class for fall semester - but as soon as I can move, I'm going to get as close to campus as I can.

How was it carrying books? That's the main thing I'm concerned with; even though Orlando is mostly flat, cycling with 50 lbs of books doesn't sound like a lot of fun.

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Emmasnips
Housemate
posted 04-27-2005 11:54 AM     Click Here to See the Profile for Emmasnips     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by quirkynerd:
Oy, yes - my lease is up in January, so I'll have to drive to class for fall semester - but as soon as I can move, I'm going to get as close to campus as I can.

How was it carrying books? That's the main thing I'm concerned with; even though Orlando is mostly flat, cycling with 50 lbs of books doesn't sound like a lot of fun.


I used to cycle most days for a year when I was at college, and it was about 6 miles. The thing that I found really helped was finding a good backpack that is comfortable when it has weight in it. Something that has wide padded straps over the shoulders is best.

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pollyhyper
Housesitter
posted 04-27-2005 12:04 PM     Click Here to See the Profile for pollyhyper     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by quirkynerd:
Now I'm paranoid... why do you ask?

Always interested in ways I can improve my APR!

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quirkynerd
Housemate
posted 04-27-2005 01:09 PM     Click Here to See the Profile for quirkynerd   Click Here to Email quirkynerd     Edit/Delete Message   Reply w/Quote
That's what I was hoping for My conscience was just screeching at me for the fibbing, and then trying to convince me your name was Ellie & you work at my CC company

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Merimoo
Housemate
posted 04-27-2005 02:24 PM     Click Here to See the Profile for Merimoo     Edit/Delete Message   Reply w/Quote
oh, whatever. Not like they aren't out to wring every last penny they can get out of you!

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Shadowhand
Housemate
posted 05-17-2005 12:14 AM     Click Here to See the Profile for Shadowhand   Click Here to Email Shadowhand     Edit/Delete Message   Reply w/Quote
I just started taking a thermos full of tea to college with me. It's 35p a cup for half a mouthful of milky water with lumps in, so I went with the nicer and ultimately cheaper option.

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