Thursday, March 20, 2008

Time is Money and Money is Time

Whenever I have spent a considerable amount of effort and time on something, I have frequently heard the phrases, “Time equals money”, “Your time is valuable”, or something along those lines.  I always perceived that the person was saying that what I was doing was not worth the effort.  Otherwise, why would they have said that?

Yes, my time is valuable . . . BUT it takes time to make and SAVE money.  Here’s a recent example . . .

My cabinets are so stuffed that I haven’t used The Grocery Game (TGG) in about a month.  I’ve just been picking up a few things here and there that were on sale or things we absolutely needed. 

Yesterday I decided it was time to sort through the coupons.  I know that when I haven’t done TGG in a while I will end up spending a good amount of time sorting coupons, clipping, and tossing out old stuff.  In between taking care of my son, I spent 3 hours doing those things.  Of course, it wasn’t a solid 3 hours, since I was caring for my son, but 3 hours is a long time to spend on coupons.  Then I also spent about 1 1/2 hours at the grocery store.  Again, it wouldn’t have taken so long if I wouldn’t have had a 2 year old with me.  lol

Now some people would think that I’m crazy.  They would never dream of spending a few hours on clipping coupons to save money.  I work at home and make a little bit of money each month.  These frugal tips that I share aren’t just for you.  They’re for me too.  I get to save money and have the joy of sharing tips with you.  These tips enable me to stay at home.

Do you want to know how much money I saved at the grocery store yesterday?????

Click below the “Read More” to find out.

 

I saved $93!  Yep.  I spent $59 (pre-tax) and saved $93.  Ninety-three dollars is more than I could make in a day of teaching.  If I were teaching, I probably wouldn’t have the time to clip those coupons and spend all that time finding the best deals.  And on Monday, I spent $14 at CVS, got about $50+ worth of stuff, and got back $14 in CVS bucks. 

This same scenario applies to itemizing my taxes.  I absolutely HATE itemizing my taxes each year.  I know it is going to take me hours to go through all of my bank statements and checkbook registries and to figure up all of the mileage for medical purposes.  I don’t know how many times I’ve been told to just claim the standard deduction.  But why should I if I can get back a lot more money? 

Yes, time is money, but money is time.  Right now, so long as I’m staying home with my children, time is what I have in order to save that money.

Click here for more Works for Me Wednesday ideas.

Tags: coupons, groceries, save-money, saving money, The-Grocery-Game, time

50% Savings at Restaurant.com

Restaurant.com is having a 50% off Easter sale.  Simply enter the discount code SAVINGS at the register and hit “apply”.  This sale ends Sunday, March 23rd.

These certificates make it a good opportunity to try new restaurants.  Check out their list of restaurants in your area.

picture from Morguefile

Tags: certificates, restaurant.com, sale

Bed, Bath and coupons Beyond

So I used my Bed, Bath, and Beyond coupon to get some more space bags. I love those. Karen agrees. And I like getting 4 large bags and one travel bag for $15. The easiest and best way to get coupons for your favorite stores is to sign up for either their snail mailers or their emails. You can get great coupons this way for free and you don’t have to even cut them out.

Tags: bed bath beyond, coupons

Credit card rate reduction

So excited! I just got a notice from my Credit Union that they are going to lower my rate from 12.99% to a fixed 9.99% rate for the life of my card. Let me tell you. I am excited! And I will also keep that letter in case they ever try to raise it again. I will keep them accountable for their word. I will not pay more than that.

You should try to call your credit card companies and tel them you want a rate decrease.  It usually works for me and it can’t hurt.  Don’t ask them, TELL them.  If you haven’t been late on payments and are in good standing, give it a shot.

Tags: credit-cards, interest rate