Filipinos from all walks of life has certainly been affected by the ongoing food and oil crises. I consider writing an article on money saving tips as my own little way of helping ease the burden of my countrymen. Besides one of the main theme of my blog is money saving tips.
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.) Resort to industrial suppliers - Industries get cheaper supplies because they buy in bulk or they manufacture their own. What got me into this was the "buy in bulk" principle. I wanted to buy a sack of detergent, so I asked around because the groceries did not sell per sack. I found out that you can get cheap detergent from laundry shops. The price is relatively low since they are the ones that manufacture their own soap. The quality of the soap is more or less the same with that of commercial soap.
3.) Be conscious about who your supplier is - I talked a little bit about this money saving tip in my previous post. However that deals with not buying in a convenience store. In this money saving tip, the point I am driving is that you choose which store you could find a cheaper price for a certain type of need.
As an illustration, you will notice that vegetables and meat products are much more cheaper in the wet market than in grocery stores. The reason for such is because the wet markets buy directly from the farmers and the fishermen. That is why you should buy these type of products from the wet markets. Since dry goods, canned foods and other items are cheaper in the grocery stores you should buy them there. Grocery stores certainly offers much more lower prices for these items since they buy directly from the manufacturers in wholesale.
Desiring to know more about investment strategies ? Visit the blog of Zigfred Diaz where he writes about several interesting topics such as investments, money management, business, making money online and Stock market investing
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