A Financial Education Event
 

New Year Savings Habits

You are what you think! That’s what positive thinking gurus tell us and I believe it to a certain extent. But thinking it without doing something about it isn’t going to help you develop better money habits. In this New Year, I’m challenging you to implement some really easy money savings habits. Let me know which of these that: 1) you already do and 2) you are going to start doing or 3) you ain’t ever gonna do, no way, no how!

PRICE MATCHING—ASK YOUR STORE

If you have a store that will match competitors’ ads, then this helps save time and money. Most Walmart stores offer this benefit to their consumers. This price-matching tip is also good outside of the grocery area because there are dozens of other stores that will honor competitors’ ads, including Best Buy, Office Depot, Staples, the military exchanges, and more. Since these policies vary from year to year (and even month to month), it’s important to inquire at the customer service desk before you try to use the price-matching benefit.

To implement this tip, just take in all the local sale ads and have the store match the sale price from the circulars, or pull them up on your phone. There may be some restrictions, so be sure you ask for the details at the customer service desk. For example, Walmart will not honor a “buy one/get one free,” nor will they honor “percentage off” sales. But they will substitute their brand for other store brands that are on sale and it may even end up being a better-quality deal!

 

SEARCH HIGH AND LOW FOR BARGAINS

In today’s grocery stores, many bargains are located on the top and bottom shelves. The expensive items are at eye level. To those in marketing, the reason is obvious—you’ll buy something that’s in front of your nose! Also, avoid the floral, deli, and bakery departments. They’re usually overpriced and can bust your budget.

 

USE A SHOPPING LIST—DON’T LEAVE HOME WITHOUT IT!

When shopping, you should never leave home without an organized list. It minimizes time spent in the store and helps you stay on target, thus avoiding impulse buying. It can also serve as a reminder of sale prices and coupons you may have. When I first started saving money with coupons and sales, there were only flyers and paper coupons. Flipp is an app that combines the best of old and new by providing a digital library of all the latest flyers and help you build a shopping list within the app. Just tap on a digitized coupon or product and the app will circle it and add it to your digital grocery list.

 

SAVE ON TRAVEL

My crafty little informant over at Hopper just gave me the 2018 Travel Cheat Sheet telling you when the best time to buy is for those 2018 trips. It gives fantastic insider tips, for example:

  • When to buy airfare for major US holidays
    • President’s Day: Book by Monday, January 29
    • Easter: Book by Sunday, February 18
    • Fourth of July: Book by Wednesday, June 13
  • Top 10 domestic and international destinations to watch in January for the best deals:
    • Los Angeles: Round-trip flight prices currently average $328, but are expected to drop 43% this month.
    • Las Vegas: Round-trip flight prices currently average $178, but are expected to drop 28% this month.
    • Cartagena, Colombia: Round-trip flight prices currently average $354, but are expected to drop 35% this month.
    • Lisbon, Portugal: Round-trip flight prices currently average $622, but are expectedto drop 32% this month.

If you’re wanting to read more about saving money on travel, check out Wanderlust For Less, an upbeat look at ways to save money on travel AND still pay the light bill.

COUPON APPS AND WEBSITES

My son, Jonathan, gave me his back-

 

to-school-for-the-spring-semester wish list. He had a gorgeous item that was a pair of shoes at the Bostonian website. The first thing I did was look up the online site in RetailMeNot. Instantly, I got a coupon for 25% off the exact shoes Jonathan wanted. That’s something that made both of us happy.

Coupon Sherpa and CouponMom are also user friendly apps to help you find great values at your local store. Download these apps and use them regularly to save 30 percent or more. Both use geographic location or zip codes to target deals at stores near you. You may also want to try the Redlaser app, it can be used to scan the bar code of a product and find out if the item is cheaper elsewhere.

Don’t forget to listen to my quirky, sometimes geeky co-host, Bethany Bayless and myself on our new podcast called The Money Millhouse. We’ve give lots of tips after drinking lots of coffee and have some of the best financial guests in America on our show! 

Remember to let you know what you are already doing, what you’re gonna do and what you ain’t gonna ever do to save money in 2018!

Holiday Travel Hacks by Bethany Bayless

Ah, the Holidays—it’s the most wonderful time of the year! Also the most expensive—especially when you don’t live near your loved ones. Holiday travel can be awesome or awful. Here are a few tips that can help when it comes to booking your travel.

  1. Avoid Peak Days: Don’t travel on peak days. Guess what—Everyone is flying those days! They are by far the most expensive days to fly. For Christmas, those days are December 22, 23, and 24. For New Year, it is December 29 and January 2. Look at your schedule to see if you are able to tweak your travel days just a little to get the best price on flights.
  2. Travel Early or Late in the Day: Another thing to keep in mind is that the cheapest flights are generally the first and last flights of the day. Don’t be afraid to adjust your sleeping schedule just a bit by flying super early or super late. These are going to be the cheaper flights.
  3. Do your research: Use apps like Hopper to find the cheapest days to fly. They will even keep you alerted to when it comes time to buy at the cheapest rate. With Holiday travel, buying sooner rather than later is always advised.
  4. Shop Around: When it comes to flying, use those dates you got from Hopper and plug them into a site like skyscanner.com, or go directly to airlines sites. Southwest only posts on their website—so make sure you check Southwest for the prices they have on flights. Keep in mind, also, that though Southwest is not always the cheapest fare, your bags will always fly for free. That can make all the difference!
  5. Send Presents Ahead: If you can get away with it, don’t check a bag. We know the holidays mean lots of presents. Think ahead—use Amazon Prime to ship directly to the people receiving them or the house you will be staying in, or send them ahead of time. It will save you headaches when it comes to sweating your connections or losing your bags. It will save you time, and sometimes it can even save you money!

What are some of your favorite tips and ways to save money when it comes to Holiday Travel?

Bethany Bayless is a popular speaker, blogger and emcee. She worked in Europe for a non-profit organization before becoming the Director of Communications for the non-profit, Heroes at Home. Her work can be found at WanderlustforLess

Holiday Travel Planning Guide – Hint: Buy Early

BGadmin

 

One of my favorite things to do when I have my adult children home is to go to church. We always went as a family when they were growing up and having them join in when they are home brings back great memories. The last time they came home, I stood in our row with Jonathan and Joshua sitting next to me and fought back tears of gratitude. At the end of the service, the music swelled loudly, our cue to leave the sanctuary and make room for the next service in our large church.

Bob and I got separated from the boys in the exiting crowd and when I looked back to see where they were, I was stunned to see the two boys wrestling in the aisles. Jonathan had Joshua in a headlock and Joshua was trying to punch him in the kidneys to break the lock.

Oy vey. Some things never change. “We were just having some fun!” they declared as I grabbed them by the ears and they straightened up.

Family times are the best times.

They Kay family loves to get together for the holidays, but travel can be expensive. Knowing when to buy those airline tickets can mean the difference between paying cash for your holiday travel or going into further credit card debt.

Thanksgiving and Christmas are still weeks away, but October is the month you should look to book flights for both holidays.

In fact, travel app Hopper recently released its Holiday Travel Index which includes data on when to fly and buy for both holidays. Here’s a few findings I found from the study:

  • Although Thanksgiving travel is expensive (even more so this year than last — domestic flight prices are currently averaging about $325 round-trip compared to $288 last year), prices won’t vary much during the month of October. You can put it off for a bit, but make sure you book your Thanksgiving flights before Halloween.
  • If you wait to book your flight until after Halloween, it will cost you about $1 per day, every day that you wait. Prices will then begin spiking closer to $10 per day during the final two weeks leading up to Thanksgiving.
  • Unlike Thanksgiving prices, holiday flight prices tend to rise more steadily as Christmas approaches, and then spike heavily in the last two weeks.
  • The best time to book Christmas flights this year is the first weeks of October. If you have to wait to buy, make sure you watch prices closely, as they will fluctuate and then start spiking moderately 15-25 days prior to departure. They will spike dramatically (about $7 per day) in the final two weeksleading up to Christmas.
  • If your plans are flexible, you can save the most money by leaving on Tuesday, December 19 and returning Thursday, January 4

Keep in mind that it’s important to budget for holiday travel in conjunction with all the other expenses accrued during the holidays.

In our family, we value experiences over things. This means we will spend money to get kids home and spend less on their gifts once they get here. After all, it would be boring if we didn’t have Jonathan and Joshua fighting in the church aisles during the holidays.