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Thursday, June 12, 2014

11 Money Saving Habits That Can Cost You

Poor Man Survival

Self Reliance tools for independent minded people…

ISSN 2161-5543

A Digest of Urban Survival Resources

"Beware of little expenses; a small leak will sink a great ship"--Benjamin Franklin


11 money-saving habits that can cost you

Even that savings account is hurting your savings

Trying to cut costs in your daily budget is a valiant — and often necessary — practice. A few dollars saved here and there can amount to a sizable sum over time, after all. But how you save can make a big difference in how much you save. Because when it comes down to it, not all “money-saving” tactics actually save you money. 

Here are 11 common penny-pinching tactics that could actually cost you more in the long term — and smart money-saving moves you can make instead

Buying something just because it’s on sale

“Sale is the most dangerous four-letter word,” says personal finance blogger Zina Kumok. And with the rise of flash sales and coupon sites like RueLaLa and Groupon, the temptation to impulse-buy just to get a good deal is even higher, adds Ozeme J. Bonnette, author of “Get What Belongs to You: A Christian Guide to Managing Your Finances.” “So often, we find a deal that is too good to pass up, yet we wouldn’t have even bought the item or service if it had not been mentioned to us,” she explains. (Guilty.)

Clothing sales can be especially tempting, as we justify buying items we don’t need because they’re half off or bargain with ourselves that we’ll wear an item “someday.” (Guilty and guilty!) Woroch suggests curbing the temptation to snatch up deals by unsubscribing from store e-newsletters, canceling snail mail catalogs by contacting Catalog Choice , and deleting any flash sale or daily deal apps that push tempting pop-up notifications on your mobile device. If all else fails, commit this mantra from Los Angeles-based financial expert Pegi Burdick to memory, “The most expensive thing in your closet is the item you don’t wear.”   More at:


Make Your Own Convenience Food
Everyone has times when they're too busy to think, let alone cook, and that's when expensive convenience food is so tempting. Is there a way to get homemade convenience food without the price? You bet.


10 Kitchen Tricks
Who doesn't want to save a bit of time in the kitchen or a bit of money on the grocery bill? These ten kitchen tricks will make your life a little bit easier. And they're so simple that you'll wonder why you hadn't thought of them yourself! Read more.

Hearty breakfast ideas
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The Sock Solution

Everyone in my family wears white socks. It's such a pain to sort them after drying! I bought white mesh bags for delicates and gave everyone a bag. I told them to put their dirty socks in the bag. Each bag has a name on it. When I wash whites, I just throw the whole bag in the washer and then the dryer. No more sorting socks for me!   >>Celeste



Save It, Fix It, Keep It, Use It

1437 Surprising Ways To Save Cash With Items You Already Have!! These days, you'd think businesses would be doing their doggone best to please their customers. But good work and solid products are scarcer than ever! Learn to flat out stop paying for half-hearted service and pricey replacements with amazing tips ... like how to save up to 20¢ a gallon on your next fill-up, lower your heating costs with one lit candle, and weed-proof your lawn with a soda bottle and more…



Find more homemade recipes and tips at:


Yours in freedom,

Bruce ‘the Poor Man’


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