Stretching the Dollar
In our third installment of our budgeting series, we are discussing the idea of stretching a dollar. The biggest push-back I often hear with this conversation is the fact that it does not come easy. Stretching your dollar requires time and sacrifice. At the end of this, there are a couple of promo codes for you to use on apps I really love to use to stretch my dollar!
The first concept we are going to discuss is the idea of time. Saving money takes time out of your day. Let me give you an example. Say you are grocery shopping and trying to make your dollar go as far as possible. What are some things that you would do?
- View the weekly circulars/ads for the best deals (Check out Flipp)
- Cut coupons (coupons.com, the Sunday paper, etc)
- Make (and stick to) a list that involves a meal plan
- Check the rebate sites such as Ibotta and more
As you can see, this task list does not come easy. You must sacrifice some of your precious time to accomplish money saving at the grocery store. Imagining that these things will come easy and without sacrifice is something that a lot of people dislike, and it creates an environment where they choose NOT to spend the time to make their dollar go further.
Sacrificing Some Wants
The next major hurdle is sacrificing your wants to make the dollar stretch. You have to be able to look at yourself and your budget and ask, “Do I really need this?” You have to truly be able to go into a store and get what is on your list and no more. As annoying as it is to hear, you have to stop spending $7 a day at your local coffee shop and make it at home. (You can buy a whole tub of Maxwell House Coffee for between $7-10, and you can make many pots of coffee.) Yes, I am sure that $300 purse is amazing, but if your goal is trying to stretch the dollar, do you really need it? These are uncomfortable questions that you must ask yourself.
Referral Links for Money Saving Apps!
GetUpside is a great app to save money on gas. They offer a variety of ways to pay you out as well. I used it the other day at my local gas station and got $12 back from filling up. Every penny counts! You can save up to 50 cents a gallon on gasoline. If you use my referral code 6226M when you sign up and you will save an extra 15 cents a gallon!
Ibotta is a great way to earn cash back on your every day purchases at common retailers like Target, Walmart, Dollar General, CVS, Kroger, Costco, and much more! You simply add offers, shop, and then upload your receipt. Sign up and use the referral code lipgonl and you will earn $10 when you submit your first receipt.
If you missed my other two budgeting posts, be sure to check them out! If you have any budgeting questions, feel free to contact me! Follow me on social media for more!