Earning & Managing Money

Every Monday in 2013, I’ll be sharing a different way you can save $100 this year. If you do all of these things, you’ll be able to save over $5,000 this year alone! Many of these things will likely be things you’re already doing, but hopefully all of you will pick up at least a few new ideas or some inspiration from this series.
This post by MaryEllen from last year was so good and helpful that I wanted to re-air it this week as yard sale season is starting to gear up again…

Guest post by MaryEllen at The Deal Scoop

The reader tip on stockpiling clothes is something our family has already been using to save an incredible amount of money each year. As I read through the comments on the post, I noticed some readers’ concerns.

There were some readers who don’t think they could find good enough deals at yard sales to make stockpiling clothing worth their while. Some felt that all they can find at yard sales is junk and that they would rather buy clearance items at the stores. Then there were those who admitted that they aren’t organized enough to know what they need and don’t need.

Here are a few tips on how to get the best prices at yard sales and how our family has been able to make stockpiling clothing work for us:

On Friday night, check your local paper or Craigslist.org ads for Saturday’s yard sales.

(Or if you live an area with a lot of Friday sales, check on Thursday night. Go whenever is best for the area in which you live.) Most people will list some specific items that they will be selling. Mark the ones that specifically have kids’ clothing listing and skip the rest. In my family’s experience, you will barely have time to make it to just those yard sales, and there is no sense wasting time and gas going to yard sales that don’t have what you’re looking for.

Plan your route ahead of time.

If you need directions to certain places, be sure you have them all printed out the night before so you can go from place to place quickly and use gas efficiently. The more gas you use, the more those yard sale clothes will cost you!

Go as early as possible in the morning.

Many people think there is only junk to be found at yard sales, but a lot of times that’s because there are high-quality items to be had for nearly pennies. The first ones at the yard sales find all the best stuff before it’s gone!

Set a target price and don’t be afraid to make deals in order to hit it.

This is probably the most crucial part to the whole game of stockpiling clothing, and I’ll be the first to admit that my husband is more skilled at it than I am. Our family’s personal target is $0.25 per clothing item, $1 for a pair of shoes and up to $1 for nice dresses for our daughter. That may seem like quite an ambitious goal, but my husband has proven to me that it is quite doable. Here’s what I’ve learned by watching him:

::If a seller has high quality items and is asking 50 cents each, pick out three things and ask if they will take $1 for all three. Nine times out of ten, they will. Although that is $0.33 per item and not the target $0.25, you can average it out later.

::Ask the seller if they will consider a bag special. If there are a good number of items in which you are interested, ask the seller if they will allow you to fill a shopping bag for a certain price. If they will sell you a bag of clothing for $3 to $5, you should be able to hit your target price. (This is especially true when you’re buying smaller sizes because you can fit more pieces into the bag.)

If they charge $5, you’ll need to fit at least 20 pieces into the bag in order to hit $0.25 an item. (It’s amazing how many pieces will go in when they’re folded neatly!) If they charge $3, you need to fit at least 12 pieces in the bag in order to hit your target.

Then, there are always the sellers who surprise you by saying, “Sure, fill a bag for $1!” It happens, and those are the times that help you bring your average back down to the target price when you’ve paid a little more for something you really like.

::If a seller is asking $1 for a pair of shoes, ask if they’ll take $0.50. The worst they can say is “no”, and if they say “yes”, you’ve just brought your average price per item down. If they’re asking $2, ask if they’ll take $1. Then you can get the shoes at your target price.

Skip the junk.

Don’t buy something just because it happens to be your target price. If you don’t like it or it’s worn out, skip it. You’ll find something else later.

Buy only classic styles and colors.

Remember, by the time your children wear the clothes you find, it may be a couple years down the road. Trendy things go out of style very quickly and you’ll end up not using them and wasting your money.

Keep a detailed list of what you have and what you need.

I don’t think it makes sense to buy another pair of pants, even if they are only $0.25, if our son already has enough pairs in that size. On the other hand, if the end of yard sale season is approaching and we see that he still needs pants for the upcoming winter, we can up our target price for that item. I’d rather pay $0.50 or $0.75 for the pants instead of waiting until we get out the winter clothes only to find out we have to run to Walmart and buy a couple pairs at full price.

Spreadsheet Tip:

Our family uses two spreadsheets, one for boy clothes and one for girl clothes. Each spreadsheet includes every size from birth through several sizes beyond what our children currently wear.

There are categories for every different item, such as play shirts, shorts, dress pants, dress shirts, etc. We also include every size of shoes.

Every time we come home from yard sales we immediately wash everything and add it to the spreadsheet. The next time we find something at our target price we can check to see if we already have enough of that item in that particular size. We keep a copy of our spreadsheets on the computer, and carry a printed copy with us to the yard sales.

Properly organize all the clothes you have stockpiled.

It’s no fun to know you have clothes available when your child has a growth spurt, but you can’t find them anywhere! I like to keep everything in airtight tubs that are labeled by size and gender. I haven’t figured out a better way to do shoes, so everything just gets thrown into either a “boy’s shoes bin” or a “girl’s shoes bin”.

When one of our kids outgrows their shoes, I just look on the spreadsheet to make sure we have the next size for them. Then I can rummage through the bin to get their next size shoe. I love being able to make a trip to the attic when our kids have a growth spurt instead of making an emergency trip to the store!

We Save Over $140 Per Year By Stockpiling Clothing and Shopping at Yard Sales

If you’re still not convinced that stockpiling clothing from yard sales would be worth it to you, here are a couple rough figures of how much money we save this way. Let’s say my little girl needs a minimum of five tops, five bottoms, three Sunday dresses and three pairs of shoes for each season. If we buy the five tops and five bottoms at $0.25, the three Sunday dresses for $1 each, and the three pairs of shoes for $1 each, we end up spending $8.50 for an entire season’s worth of clothing.

If we found some really great sales at Target or Walmart and bought the same amount of clothing for $5 a piece, we would spend $80. So we save at very minimum $71.50 per season, or $143 a year per child.

The more children you have, the more your savings will multiply. Plus, though I have nothing against clothes from Target or Walmart, our children are wearing Children’s Place, OshKosh, Gymboree, and Carter’s clothing instead. Many times the clothes and shoes we find are brand-new with the tags still on.

I do understand that this method of saving on children’s clothing is not going to work for 100% of you due to lack of storage space or because you may live in a rural area with very few yard sales. However, I do hope that those of you who have the means to do so will give some of these tips a try. You may be surprised at how well you can do!

MaryEllen Bream is a stay-at-home mom who is always looking for more ways to stretch her family’s budget. When she’s not playing with her kids or shopping yard sales for their clothes, she can be found sharing deals and money-saving tips on her blog.

photo credit

If you are between the ages of 18 and 24, sign up for Pinecone Research to see if you qualify.

Pinecone Research is one of my favorite survey companies. They promptly pay $3 per survey taken.

See more of my recommended survey companies here.

(Note: The links in this post are my referral links. Read my disclosure policy here.)

Homemade Tub & Tile Cleaner

by Crystal on April 10, 2013

I was so, so happy with how this recipe from my friend Ruth (from Living Well, Spending Less) turned out.

It smells wonderfully. It is easy to make. And it works really well.

Just be sure that you mix it up in a larger bowl. You would think I would have learned my lesson about baking soda and vinegar! :)

I realized after mixing it up that I don’t have a funnel.

So I improvised and used my tea pot instead. Hey, it was a little non-conventional, but it worked!

And then I used the spilled cleaner to scrub my clean off my kitchen table.

See more homemade cleaner recipe ideas I’ve tried here.

Head on over to Ruth’s blog to see her incredible post with 10 homemade cleaning recipes that can all be made with just the same 10 ingredients in less than 10 minutes each. She even has a free printable recipes sheet.

Swagbucks — one of my favorite ways to earn free gift cards! — is offering 70 free bonus points to my readers this month when you use bonus code CRYSTAL70 at registration.

To enter this registration code, click the text that reads “I have a sign up code” and enter code CRYSTAL70 while you’re signing up.

This code is valid through April 30, 2013.

Read more about how Swagbucks works and also learn 15 Ways to Earn More Swagbucks.

(Note: The links in this post are my referral links. Read my disclosure policy here.)

A Quick & Easy Method for Freezing Fresh Herbs

by Crystal on April 09, 2013


Ever buy a bunch of cilantro when you only need a small bit for a recipe? Or do you plant an herb garden that always overproduces?

Here’s a very quick & easy way to freeze those fresh herbs for later use:

Wash, remove stems, and chop the herbs.

Put roughly 1/2 to 1 Tablespoon of the chopped herbs into ice cube trays (I didn’t measure; I just plopped some into each cube). Fill the ice cube tray with water and freeze.

Remove cubes and place in an airtight freezer bag for up to two months. To use in recipes, just pull out the necessary amount of cubes and add to your soup, stew, sauce, etc. If need be, thaw first and then add to your recipe.

How simple is that? It’s a great way to preserve fresh herbs — and to not let any go to waste before you have a chance to use them!

At the beginning of every week in 2013, I’ll be sharing a different way you can save $100 this year. If you do all of these things, you’ll be able to save over $5,000 this year alone! Many of these things will likely be things you’re already doing, but hopefully all of you will pick up at least a few new ideas or some inspiration from this series.

One of the ways my husband and I have saved a lot of money over the years is by having at-home movie nights instead of going to see a movie at the theater. On the rare occasions when we do go see a movie, I always choke at the prices they charge.

$8+ per ticket? That adds up quickly!

We love a good movie as much as the next person, though, so we’ve found creative ways to enjoy the occasional movie on the cheap. Here are some of those ideas:

The Library

When Jesse was in law school, we lived in Topeka, KS, home to one of the best libraries in the U.S. (yes, I’m a little biased and oh how I miss that library!). Not only did we check out dozens of books each month, we also frequented the DVD section for our at-home movie dates. You can’t beat FREE DVD rentals!

Not all libraries offer free DVD rentals, but if your library does, take advantage of it! Our kids especially love checking out old TV series to watch during movie time each day.

Redbox

Sometime near the end of law school, Redbox came to town and we switched to getting most of our movies from the Redbox kiosks. Back then, they gave away free movie codes like they were going out of style so whenever we wanted to get a free movie, we’d just check Inside Redbox for a valid code.

Now, the codes are a little less frequent, but they still release them on occasion. Coupon Dad keeps a running list of free Redbox rental codes and I also post any that I find as they are valid. (There’s a free Redbox code available through May 8, 2013).

You can use one free code per card, so if you have multiple cards, you can use the free codes more than once. If you have a texting plan, you can text SIGNUP to 727272 and you’ll get a free rental code the first Monday of every month, plus Redbox coupons and occasional free rental codes throughout the month.

Amazon Instant Video Rental

Thanks to Swagbucks, Amazon is becoming more and more our go-to place for renting movies. The Amazon Instant Video library contains thousands upon thousands of movies, TV shows, and more.

They occasionally release free Instant Streaming credits that we use to download movies and they also often have $0.99 rental specials. The thing I love best about the $0.99 rental offers is that you have 30 days to start viewing them. So I can purchase one and save it for a movie night later in the month. Once you start viewing the video, though, it’s only available in your account for 48 hours.

I use a few of the Amazon gift cards I earn through Swagbucks each month to pay for some Instant Video library purchases from Amazon. We’ve been very happy with Amazon video rentals and we love that we don’t have to mess with going out and getting a video or the possibility that they might be all rented. In addition, if we’ve had any connectivity issues with a movie playing, Amazon has always refunded our money all on their own — even when the connectivity issues weren’t anything major.

There are also other options like NetFlix, Hulu, and watching shows online, but the library, Redbox, and Amazon Instant Video are our top three favorites.

How Much Can You Save?

If you go to a theater once a month and spend and average of $20 (two movie tickets + popcorn), you’ll save around $240 per year by having at-home movie nights. That’s fairly significant!

Plus, you don’t have to mess with finding a sitter and you can make your own snacks — which are much better than most of those icky movie theater options (can you tell I’m not a soda pop and candy bar girl?!).

Do you like at-home movie dates? What are your favorite alternatives to paying for movie tickets?

photo from Big Stock

Just a reminder: This offer ends this weekend!

Blogelina is once again offering her very popular 4-week blogging class — for FREE! This online class will be held in April 2013.

If you sign up for this free class, here’s what you’ll get:

  • A class manual – packed with 60 pages of information that will help take the overwhelming out of starting your own blog
  • 4 weekly online class sessions where you can ask your questions and get personalized feedback
  • A FREE year of web hosting.
  • Blueprints, step-by-step tutorials, networking with other bloggers - Everything you need to grow your blog.
  • Save yourself a lot of time, trouble, and money – learn from my own experiences what to do and not to do.

Go here to sign up for the FREE 4-week blogging class. 

(Note: Some of the links in this post are my referral links. Read our disclosure policy here.)

At the beginning of every week in 2013, I’ll be sharing a different way you can save $100 this year. If you do all of these things, you’ll be able to save over $5,000 this year alone! Many of these things will likely be things you’re already doing, but hopefully all of you will pick up at least a few new ideas or some inspiration from this series.

I have saved a tremendous amount of money over the years by using just about every nook and cranny of my freezer space. I use my freezer to store extras of great marked-down deals I find at the grocery store. I use my freezer to freeze almost-expiring groceries (such as milk) so that I’m able to save it to use later. And, as you all well know, I use my freezer to bake and cook food to have on hand for busy days.

There’s no telling how much money I save thanks to my freezer, but it is well, well over $100 each year. For those of you who want to maximize the mileage of your freezer, here are some suggestions to get you started:

1. When In Doubt, Don’t Throw It Out

If you have almost-expiring milk or bread, instead of dumping or tossing it, freeze it. You can use the milk in pancakes or waffles and you can save the bread and when you have a bag of it, make homemade croutons.

Save the bits of meat and veggies and stick them in the freezer to make soup or homemade vegetable broth in the crockpot.

2. Check Your Freezer When Planning Your Menu

It’s important that you don’t just freeze stuff, but that you also regularly use the stuff in your freezer. Otherwise, it’s kind of pointless to mess with freezing things!

I consult my freezer when planning my menu as there are often things in there that I’ve forgotten I had. You can use the ingredient search feature on AllRecipes.com to help you find menu inspiration for what you already have on hand.

Brown Bag Burritos

3. Take An Hour Each Week to Prep Food For Your Freezer

Having food at-the-ready in my freezer has been such a huge help — and it’s saved us countless trips through the drive-thru lane, too. It’s not hard to make eating at home a priority when you already have food prepped in the freezer

If this idea sounds appealing but you can’t imagine finding a few hours in your schedule to actually pull off freezer cooking, consider just devoting 30 minutes to an hour on the weekends to baking and cooking ahead. Every little bit helps. (See some of my one-hour freezer cooking sessions here.)

You can also double meals you’re already making and serve one for dinner and stick the other in the freezer. It doesn’t take much more time now and will save you a lot of time later — plus, you won’t have to do dishes!

Do I Need to Get a Deep Freeze In Order to Save Money?

A deep freeze is wonderful, but I don’t recommend investing in one until you are absolutely sure you will use it. Use every single inch of your over-the-fridge first before looking to invest in a deep freeze.

And by the way, you can fit a lot into your over-the-fridge freezer. Here’s picture proof. Also, if you freeze things flat in freezer bags, you can turn them sideways and store them like file folders to save space

Does the Cost of Running a Freezer Outweigh the Savings?

Trent from The Simple Dollar did extensive analysis and he concluded that it costs about $11 per month to run a deep freeze. So in order to actually save money with a deep freeze and make it worth it, be sure you’re saving at least $25 per month by running your deep freeze. If it’s primarily empty, move what’s in it to your over-the-fridge freezer and unplug it!

Simple Things You Can Prep Ahead and Stick in the Freezer

Bananas

We peel, chop, and freeze bananas that are too ripe to use in smoothies. You can also peel them and freeze them whole to use in banana bread or muffins.

Frozen Carrots

Shredded Carrots

If you make carrot muffins on a regular basis, it’s much more efficient to shred a big batch of shredded carrots all at once. Just divide into one-cup baggies and store in a freezer bag to use as needed.

Chicken

Cooking up chicken and then chopping and freezing it can save you a lot of time in meal preparation later. I like to bake my chicken breasts, as they seem to be a lot more moist that way. You can see how I do it here.

You can use the chopped chicken in homemade pizza, chicken casseroles, to sprinkle on salads, to throw into soups, or to just eat plain–as my children love to do!

Ground Beef

Having pre-browned ground beef in the freezer to stick in soups, on pizza, or put in casseroles is a big time-saver. Or, you can do what I often do and go ahead and just add onions, beans, and taco seasoning to the meat to make taco meat. You can always use the taco meat in soups or chili, if need be.

Baking Mixes

Do you make pancakes, waffles, or muffins on a regular basis? Save yourself some of the prep time by mixing up a quadruple batch of the dry ingredients and then portioning them into freezer bags.

Freezer-Friendly Whole Wheat Chocolate Chip Cookies

Cookie Dough

Most cookie doughs can be made ahead and then frozen for later use. You can rolls the dough into balls to freeze, freeze it in logs, or freeze the dough in a tub and scoop it out to use. The only issue is that you might want to hide it at the bottom of the freezer–especially if you actually want to be able to make any Chocolate Chip Cookies with the dough! :)

Recommended Freezer Cooking Links:

Crockpot Freezer Cooking Recipes

9 Tips to Simplify Freezer Cooking

A Beginner’s Guide to Freezer Cooking

Freezer Cooking in an Hour Recipes & Pictures

4 Weeks to Fill Your Freezer

Some of My Favorite Freezer Cooking Recipes

Do you have a deep freeze? How do you save money by using your freezer?

photo credit

Today’s question is from Jessica:

Jesse,
We recently moved into a home that needs work, we also received money from our tax refund and do not want to blow through this. Where should we put our money that will draw interest and be able to access if needed? This is the first time we will actually be able to save our tax refund instead of using it on our home taxes as our mortgage now is all included. -Jessica

Hi Jessica, getting a tax refund always feels good. Like you said, it is important not to blow through it and later find you could have used it more wisely instead of buying that big new toy you’ve always dreamed about.

If I were in your shoes, I would make sure our emergency fund is built up to what we would need should all other sources of income shut off for six months, especially if you are looking at making some sizable repairs to your house in the future that could be a drain on any excess income you have coming in.

I have always used either a money market account at our local bank or an online account that ties to my local bank that I could easily get to if needed for emergency fund and other savings. The reason was solely for the ease of access.

I never really took the interest rate into account (except for the fact that it was higher than the usual savings account) because quick access to me outweighed the return I would get due to interest because the account was not set up for long-term use, other than the emergency fund.

Jesse Paine is a licensed attorney who owns his own law firm. He’s married to Crystal and is the numbers nerd of the MoneySavingMom.com team! If you have a question you’d like him to answer in a future column, you can submit it here.

The content of this column intended for informational use only and is not to be construed as providing legal, investing, accounting, or other professional advice. Your situation is factually specific and you should accordingly seek qualified professional counsel concerning your specific legal, investing or accounting needs.

photo credit

FREE 4 Week Online Blogging Class

by Crystal on March 23, 2013

Blogelina is once again offering her very popular 4-week blogging class — for FREE! This online class will be held in April 2013.

If you sign up for this free class, here’s what you’ll get:

  • A class manual – packed with 60 pages of information that will help take the overwhelming out of starting your own blog
  • 4 weekly online class sessions where you can ask your questions and get personalized feedback
  • A FREE year of web hosting.
  • Blueprints, step-by-step tutorials, networking with other bloggers - Everything you need to grow your blog.
  • Save yourself a lot of time, trouble, and money – learn from my own experiences what to do and not to do.

Go here to sign up for the FREE 4-week blogging class. 

(Note: Some of the links in this post are my referral links. Read our disclosure policy here.)