There are many areas in your life where you can reduce spending so that you are able to put more money aside to save, pay off debt or to make financial investments. An area where it is easy to save money is shopping.
An area where it is easy to save money is shopping.
1. Coupons
An excellent way to save money when you go shopping is by using discount coupons. A wide range of stores offer coupons through websites such as Voucher-Cloud.com.au or Scoopon.com.au and smartphone apps such as RetailMeNot to entice more customers to purchase their goods and services. If there is a specific purchase you need to make, see if you can find discount coupons for the product beforehand and you might just save up to 20% on your purchase.
Save money by spending less on the things you need
2. Supermarket Markdowns
Supermarkets, such as Coles and Woolworths, regularly mark down deli foods, such as meats, dairy products, and baked goods during different times of the day. However, neither Coles nor Woolworths have specific markdown periods across all their stores. Hence, you will have to ask in your local store for what products are currently discounted.
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Purchasing marked down foods can help you save a substantial amount of money, as discounts can be 50% or more. So keep an eye out for discounts the next time you walk through your supermarket.
3. Buy Electronics at the Right Time
If you want to update electronics in your household, you can save money by purchasing them during specific times. After the Christmas period, most electronics retailers run sales throughout January, which means you can make substantial savings if you are buying a new TV or a video games console. If you are purchasing a new computer, on the other hand, September is a good month to make the purchase as the back to school rush has died down and computers will regular be discounted at major retailers.