You think you save money. You use coupons. You buy in bulk, but are you really saving money?
- If you get items because they're on sale, you aren't saving. It's not a bargain if you don't need it.
- Reconsider luxuries. They have a tendency of becoming necessities. If you live a little below your means, your money will go farther.
- New cars lose as much as one third of their value in the first year. If you must buy a car, you could save thousands buying a used one from a reputable dealer.
- Check bills for errors.
- Do things for yourself that you used to pay for (ironing your own shirts or mowing your lawn, for example).
- Make shopping lists and stick to them.
- If rates are low and you own a home, you may want to consider refinancing your mortgage. Explore a reverse mortgage for your retirement years.
- Compare prices at three stores before making a major purchase. Buy used items when practical.
- Treat everything you own as valuable. Make things last. Don't throw things out until they wear out.