How To Stretch Out Your Paycheck

In days gone by it was generally believed that only those who were poor wanted to or had to stretch their paycheck to the end of the month.

In today’s economic climate virtually everyone is looking for ways in which they can be smarter with their money, it only makes sense.

In this article, we’re going to look at ways you can stretch your paycheck without living frugally.

Be on the lookout for deals

Be it the grocery store, the drug store or anywhere else, most places have deals of some kind running most of the time.

Grocery stores are the best for deals, and it really pays to check online before going into your local store to buy your food shopping.

The worst thing you can do is simply wander in unprepared. That’s the best way to spend more money than required.

Take some time and check what you actually need before you leave the house, and if you can have a look online at your local grocery stores and see which deals work for you.

A little bit of time spent will go a long way over the course of a year.

Take advantage of loyalty and rewards memberships

When you put your purchases through the till at most stores the attendant will ask if you have a loyalty or membership card.

Many people simply answer no and think nothing more of it, but if you really want to make some savings, you should be looking to take advantage of these programs.

Many membership programs will send you money-off coupons in the post, and you’re generally awarded a set amount of points per purchase which can be redeemed when you reach a certain amount.

These kinds of programs are excellent for the holidays when you’re looking to buy a little bit extra for family and friends.

Shop online

In today’s online world there’s a whole bunch of deals that can be uncovered if you know where to look.

From being able to pick up household goods and entertainment products cheaper than you could in-store, to certain retail outlets offering online-only deals, the possibilities are endless.

Being able to shop from the comfort of your own home is not only a great way to avoid the crowds, but you’ll also make some real savings on most of your purchases.

Prepare your own food

When you head out to work each day, what do you take with you for lunch? Do you even take anything with you? Or do you simply head out to a cafe or deli for food later?

Preparing your own food ahead of time can save you a small fortune in pre-packed meals and snacks, which usually come with a premium price attached.

Cooking from scratch is certainly more time consuming than buying fresh or frozen ready-prepared food from the grocery store, but it also saves you some money.

Buy generic rather than brand names

Many times when you buy a product you really are just paying for the name.

Now, I know this isn’t always the case, and I’d never advise you to compromise on quality when you know that a non-brand name is inferior, but there are many cases where the non-brand product is just as good.

It’s just worth remembering that by giving store brands a try you’re not necessarily giving up quality for price.