Mind & Body by Samantha Nichole

Mind & Body by Samantha Nichole

Thursday, July 8, 2010

Financial Wellness: Stretching Pennies

As a college student, there are some weeks (or months) that aren’t as pleasant as others, specifically when it comes to finances. These past two months have been rough. I took a summer course - it was the best, yet worst, decision I have ever made. The course itself, digital publishing, was very helpful, fun, and it allowed me to be creative. However, I wouldn’t call it affordable.

Although this summer has been financially difficult, I do not let it get in the way of my summer fun! In fact, this has been the best summer since I graduated high school, and I have spent the least amount of money on leisure activities, shopping, and going out to eat. Here are some ridiculous tactics I used, and continue to use, to stretch pennies.

1.If you have a magazine subscription, don’t buy perfume or cologne. It’s included in your magazine subscription. Virtually any fashion or lifestyle magazine (Cosmopolitan, Glamour, Elle, etc.) has free samples of perfume, and they can be used for more than smelling. Cut the strip of sample out of the magazine, and rub it along your wrists. Bingo! Dior for 99 cents per issue.

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2.Order appetizers as your meal and water as your drink (sad, but it works).

3.Cut coupons ONLY for products you already buy (unless the deal is amazing). Consumers are often lured into buying products only because there is a coupon for it.

4.Reduce the amount of clothing you buy. Clothing is a disposable purchase, mainly because fashion changes so often.

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5.Accessorize to make new outfits!

6.Check out the clearance rack first.

7.Go to the beach. It’s free (usually), and it’s a perk if you can score a volleyball net.

8.Eat dinner at home. Restaurant dining can be very pricy, and fast food is unhealthy, so cook something delicious at home before going out.

9.Order Applebee’s $1.99 Long Island Ice Tee. One drink at a night club can cost close to $10.

10.Sell used items on Ebay or Craigslist.

11.Take your bike places instead of driving your car. Gas costs money.

12.Buy store brand food. Most name brand products taste similar, such as milk and bread.

13.Unplug technology and turn off all lights when leaving the house or going to sleep in order to save on your energy bill.

14.Use cash as much as possible in order to feel the full weight of your purchases.

15.The most effective way to save money is by reducing purchases!