December 22, 2009
Really Cool Money Saving Tips
With the rice crises and rising oil prices that have been crippling ordinary Filipinos from all walks of life, coming up with a list of money saving tips is my small contribution to at least somehow in my own little way help ease the burden of my fellow countrymen. Aside from that “money saving tips” is one of the main themes of this blog.
I have personally experienced these money saving tips and I would like to share them with you.
1.) Buy in bulk – Go to your local grocery store and compare prices. In particular, compare prices between small items and big items. For example, a 50 gram sachet of detergent powder vs. 250 grams. You will notice that the bigger the size, the cheaper it will get. In fact there is usually a tag that says “Save P15″ and if you buy the bigger one, the numbers will get bigger. It might say “Save P 20.” The principle is simple. The more you buy in bulk, the more savings you will have. So avoid small item repacks. If it fits your budget, buy in bigger quantities. This one instance wherein bigger is always better. Believe me, you would want to seriously consider this as one of the most important among the money saving tips offered here.
2.) Industrial suppliers sell them cheaper – You can get cheaper items from companies because either they buy in bulk or they produce their own. I got this idea when I started thinking about buying in bulk. I figured out that I could buy detergent much more cheaper if I bought them per sack. Unfortunately, the grocery stores did not sell them per sack. So I asked around and discovered that you can get cheap detergent from laundry shops.
3.) Know who your supplier is – In my previous articles, I talked a little bit about some money saving tips which discussed about knowing who your supplier is. However, that article talks about not buying in a convenience store. Here, one of my money saving tips is that you should determine who will be your supplier for a certain type of product.
As an illustration, you will notice that vegetables and meat products are much more cheaper in the wet market than in grocery stores. The reason for such is because the wet markets buy directly from the farmers and the fishermen. That is why you should buy these type of products from the wet markets. Since dry goods, canned foods and other items are cheaper in the grocery stores you should buy them there. Grocery stores certainly offers much more lower prices for these items since they buy directly from the manufacturers in wholesale.
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