Subscribe Feed (RSS)The Rice crises and rising oil prices has certainly affected all Filipinos regardless what bracket of society they come from. To help ease the burden of my fellow countrymen, I am coming up with some money saving tips, besides money saving tips is one of topics of my blog.
I have personally experienced these money saving tips and I would like to share them with you.
1.) Be a “bulk” buyer – If you compare prices in your local grocery store buying bigger is always better. Notice the difference in price per gram between a 50 gram sachet of detergent powder and 250 grams. This fact is not even concealed by the products themselves. You will see a label that you will save a lot more if you buy the bigger item. This drives home to you a very simple principle, buying bigger is always better. You should avoid small repacks of certain items. This money saving tips is one of the most important tips to bear in mind.
2.) Buy from industrial suppliers – Companies get cheaper supplies because they buy in bulk or they manufacture their own. I got this idea when I first implemented the “buy in bulk” principle. I was thinking of buying a sack of detergent but I couldn’t find it in the grocery stores. I did some research and found out that you can get cheap detergent from laundry shops. The price of detergent is very cheap for them since they make their own soap. The quality of the soap that they make is more or less the same with commercial soap.
3.) Where you buy from matters – Previously, I discussed little bit about some money saving tips in my other articles. But that deals with not buying in a convenience store. In this series of money saving tips, the third tip I am giving is that you should be wise in choosing where you buy certain items.
To cite several examples, you can notice that vegetables and meat products are definitely cheaper in the wet market than in grocery stores. Hence, I advice that you do your shopping there for such items. The wet market is definitely cheaper because they buy the products directly from the farmers and fishermen. In contrast, dry goods, canned foods and other items are much cheaper in the grocery stores because they buy in wholesale straight from the manufacturers.
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Tags: be wise with your money, finance, finances, how to handle money, money management, Money Saving Tips, personal finance
