Integrated Family Community Services 3370 South Irving Street, Englewood, CO 80110-1816 Ph: 303-789-0501

5 Money Saving Strategies To Help You Start Your Year Right

5 Money Saving Strategies To Help You Start Your Year Right

An effective household budget is when you are able to save money on things that you really need. Before you apply any money saving strategies, you first need to make an inventory of all your needs to help you determine where you can start cutting costs. Start with bigger items where you can get better savings, then proceed to the less expensive items. When you combine the savings from the bigger items with the smaller items, you can enjoy huge savings on your total budget.

5 Money Saving Strategies To Help You Start Your Year Right

Follow these tips to start the new year of right. Photographed By: cohdra


1. Is Less Better For You?

Must you really have to spend on expensive items when there are items of the same quality and design? Sometimes the bigger and the best can lead to overspending and irresponsible shopping. Be careful with the spending because there are savings that can be enjoyed after minor changes are made.

2. Is It A Want Or is It A Need?

Never mistake wants for needs if you really want to save up on money. Remember that needs are easy to identify as they can be things that are considered to be necessities or essentials in life, while wants are those things that can simply enhance or improve life. This does not imply that you should not have things you want, but rather to understand the difference and prioritize what is crucial to avoid financial disaster.

3. Try It Before You Buy It

To help you avoid all the useless purchases of items you never or rarely use, you need to learn how to try items first before investing in them. You can always borrow, rent or sample certain items, especially those that cost a lot before you let go of your money. By trying an item first you can determine if you truly need it, if the item is useful or if it will provide convenience in you life. This can help you save up on thousands of dollars for certain items.

4. Be Wise With Your Insurance

We often pay insurance premiums, both home and auto, by habit, without making the necessary comparisons. Some even pay too much just for their insurance. This is why you need to shop around for insurers that can offer a fair price and superb service, raise your deductible and reasonable discounts. Look for high deductibles for auto insurance in order to reduce your collision and comprehensive costs. Since everyone’s insurance coverage is unique, learn more on how you can save up on your insurance here.

5. Avoid Being Extravagant With Food

The expenses on food can burn a hole in your pocket, but as it is a recurring and necessary expense, you need to learn how to save on food expenses. Simply plan in advance, purchase in larger quantities and avoid convenience food costs. Consider using coupons, store brands and generics, while taking advantage of sales so you can stock up. Every store will have their own prices and being lazy to shop around at multiple stores in a single area that offer cheaper prices is a waste your money. Instead of eating out, opt to cook at home and skip food items that can be bad for your health.

Valerie Stevens is a freelance writer specializing in home and auto insurance flood insurance for homes and other insurance related to topics.

Tim Esterdahl

Tim Esterdahl is the editor of IFCS blog. He is a married father of three and enjoys golf in his spare time.
Tim Esterdahl

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Thank you so much to @ChristianBros Highlands Ranch, Arapahoe Road, and Ken Caryl for helping our clients last weekend, they took care of so many ailing hearts and sick vehicles. Though the hope they gave, lives were changed. We so appreciate your support of IFCS year-round!

Sarah &Javon, Arapahoe Community College Dean of Students sharing excitement for the Food Bank. We visited last week to learn more about the school's programs for students in need and to explore opportunities for collaboration.

Thank you to Rotary Club of Highlands Ranch for their continuous support of our Hunger Alleviation Programs. We are proud to partner with them. Thank you for being a Gold Sponsor of the October 26th Boo-athon Halloween Bowling event.

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