Upgrade Your Saving Power!

Holly Hanson is one of those multi-talented individuals with words of wisdom in so many areas, especially parenting and financial “smarts.”

“My plunge into motherhood almost nine years ago,” Holly said, “has taught me a lot about sacrifice.”

Anyone who’s been a mom understands that word, “sacrifice;” but I admire Holly, because she  turned financial stress into positive living with creative, productive choices. When I called her a financial expert, she said, "No, I'm not an official financial expert, just a civilian price warrior!"

She continues ...

The biggest sacrifice I made was giving up my producer job at a TV station to stay home full time. In order to make it all work and still be able to eat, I discovered a multitude of ways to be a good steward of my money each and every day.

I see this opportunity as one way to emulate the creativity and household responsibility of the Proverbs 31 Woman. In verse 27 it says, “She watches over the ways of her household and does not eat the bread of idleness.”  I want that to be the way others describe me, as well.

If you can turn some of these tips into rock-solid habits, you can live a two-income lifestyle on a one-income paycheck!

1. Pick Your Time to Shop. This tip works best for major purchases.

Buy a car or a mattress on a holiday when there are sales and no tax. Buy a barbecue after Labor Day when they all go on major clearance.

If you have children, shop the clearance clothing rack at the end of the season for the next year’s sizes—your kids will definitely grow, while the price of the clothing stays small! I keep all of my daughter’s too-big clothes in an under-the-bed box. I review the inventory each season to see if anything new fits. 

This works for BOGO [buy one, get one] sales too. I buy two pairs of tennis shoes, one in the current size and one in the next size up.

If you need party supplies, shop for them after every major holiday. Heart napkins on sale after Valentine’s Day will work great for your anniversary dinner. Spring napkins/plates/decor on sale after Easter can beautify a table any time of the year!

2. Know the Menu.  When you go to a restaurant, don’t always assume the “combo” is the best deal, or that the sandwich has to be ordered the way it is described. Take a minute to review your options.

If you like lettuce and tomato at Wendy’s, you can add it to the dollar cheeseburger for free. Some Mexican restaurants allow you to add “items” to an existing combo for less than the price of a regular entrée.

We sometimes order one meal and “add on” enough to feed the whole family for much less than three separate meals! Denny’s does this with their Grand Slam breakfasts. I never get the kids’ meal when I can just add on a 99-cent item or two for my daughter!

3. Use Those Coupons! I have made it my personal mission to NEVER buy something at a store that I know I have (or can get) a coupon for. It’s amazing how much you spend on impulse items, if you can’t discipline yourself to follow this rule.

In the age of smartphones, a simple Google search can yield plenty of online coupons, many of which can be redeemed by simply showing your phone to the cashier. I’ve done this at restaurants, too, like Souplantation and Fuddruckers, when I forgot to print the email that they sent me with the offer. 

Vons also has a wonderful program called Just for U, which allows you to select coupons on your phone or computer that are instantly added to your club card. (I have even added coupons in the checkout line!) Coupons are like free money!

Don’t be foolish. Don’t waste the chance to upgrade your saving power!

Which of these helpful tips are you using now? Which would be a great new choice?

Holly Hanson is a veteran Emmy Award-winning journalist who finds her calling in her family motto: “Love God, Serve Others.” Holly has written and produced internationally for Women of Faith, Turning Point Ministries, and locally with KFMB-TV, KFMB-AM and KPBS Radio. She is married and is a mom, step-mom and soon to be step-grandma. Holly is active at Shadow Mountain Community Church, serving on the Women's Ministries Council, singing in the choir, and running Moms Inc., a ministry she founded and directs.  

Photo in text: Image Courtesty of Grant Cochrane at  FreeDigitalPhotos.net.