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How To Save Money

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Uploaded by on Mar 22, 2010

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Expand the description and view the text of the steps for this how-to video.

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People who manage to sock away money -- even on a tight budget -- all live by this motto: Make it over, use it up, make do, or do without. Now you can learn from their secrets!

To complete this How-To you will need:

Motto
Due diligence
Quality merchandise
Price monitoring
Self-sufficiency
Priorities
Promotion codes (optional)
Coupons (optional)
Free shipping (optional)
Store policies (optional)

Step 1: Do your homework

Do your homework before buying anything, especially big-ticket items. With the internet, comparison shopping is easier than ever.

Tip: Once you've made a buying decision, search online for "promotion codes," "coupons," and "free shipping."

Step 2: Invest in quality

Buy quality merchandise. It's cheaper in the long run because it won't need to be fixed as often or replaced as soon.

Step 3: Check every receipt

Check every store receipt and restaurant bill to make sure you've been charged correctly. If you put a meal on a credit or debit card, keep the restaurant receipt to compare with your credit card or bank statement; some restaurants engage in so-called "tip-jacking," -- adding in a tip or increasing the one you gave them.

Tip: Know the store policy on price accuracy; some give away an item if it's scanned higher than the advertised cost.

Step 4: Ask yourself this question

When buying a non-necessity, like clothing, ask yourself if you really, really love it. If not, put it back. Even if you do love it, wait a few days before buying it; by then, the urge may have completely passed.

Step 5: Become a do-it-yourselfer

Become a devotee of do-it-yourself. Learn how to make simple home repairs, do basic sewing, and cook meals from scratch.

Step 6: Establish priorities

Set priorities, such as home ownership or early retirement. Saving up is easier if you have savings goals.

Thanks for watching How To Save Money! If you enjoyed this video subscribe to the Howcast YouTube channel! http://www.youtube.com/subscription_center?add_user=howcast

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Top Comments

  • How To Save Money:

    You Will Need: Nothing.

    Step One: Don't buy a thing.

    Did you know?

    Money is currency?

  • Yay for clothing being a non necessity!

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All Comments (50)

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  • @peterpiperriperreter Yes it costs more but you wont have to fix or buy new as often it saves much more money to buy 30dollar blender that will last years than a really cheap one and have o buy a new one every month(the comparisson may not be exact but you get the idea

  • right so umm ill just go out naked coz well u know clothes arent essential r they!!!!!!!!!!!11

  • wont quality merchandise cost more?

  • Yes, you really have to watch how some restaurants price-jack! Happened to me more than once.

  • Cool

  • SO basically do what normal people do every day

  • Don't buy clothes they don't make you pretty they make you POOR!

  • how to save:

    1.save the money u get every day

    2.dont by stupid stuff..like me:/

    and3:by the end of the month or week wtever ull have saved mony yay hurray:D

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