7 Supermarket Tricks You Can Use To Save Money

Supermarket Tricks

Save Money Fast!

On Monday we discussed 7 Tricks Supermarkets Use To Get You To Spend More.  Some of these tricks are subtle while others are obvious, but now that you’re aware of them, you’ll have your guard up next time you go food shopping.

These tricks were mostly obtained from a Reader’s Digest slideshow which had a few more tips and tricks.  Most of them were not relevant so I decided to summarize the ways supermarkets try to influence you into spending more money – and add a few of my own.

The slideshow also mentioned a few tricks you can use to SAVE money on some items while food shopping, but since I don’t really want you to go through 50 slides of mostly useless information, I’ll summarize the ones I found more useful.

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7 Tricks Supermarkets Use To Get You To Spend More

Supermarket Tricks

Oh So Pretty… maybe I should buy more stuff!

Besides a mortgage or rent, food shopping is one of the biggest expenses in most households.  The main reason behind this expense is because we have to eat to survive.  And since most of us are too lazy to grow our own food, we love to pay for the convenience of having other people grow our food so we just have to pick it up at the store.

We’ve already covered ways you could save money food shopping, but we should also be aware of some of the tricks supermarkets use to try to get us to spend more.  Reader’s Digest put together a list of 50 supermarket tricks you still fall for, but some of them are not even tricks and the article is a series of slides (51 freaking slides) that keep you clicking around until your hands go numb. I should write about “50 website tricks to keep you on their sites longer”… making you click through 51 slides is one of them.

Here I’ll summarize the most important points in the article and add a few more that I’ve learned along the way.

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The Friday Five – People Are Jerks

Robin Williams

Rest in Peace, Robin

Aug 8th – Aug 14th

Welcome to another edition of The Friday Five. This is where I share what I consider the week’s top-five money related articles from around the web.  There are a lot of great personal finance websites publishing amazing content daily and I feel that I must share them with you.  I hope you enjoy my five favorite articles of the week.

If you haven’t, please read this week’s posts on Your Credit Score Might Go Up Soon and on How to Invest $1000 or Less.  Please don’t forget to follow me on Twitter, Google+, and like Million Dollar Ninja on Facebook.

In no particular order here are The Friday Five

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How To Invest $1000 or Less

invest $1000

It’s Easier Than You Think

Many people hear the word “invest” and automatically move their hands over their pockets to make sure their money is still there.  I was one of these people. I was so afraid to lose my money that I never even considered the potential earnings I could gain by investing.

Investing is risky and anybody that tells you otherwise is not telling you the truth.  But you can minimize that risk by knowing how to invest and where to invest.  Picking the right funds or stocks and having a solid asset allocation strategy doesn’t eliminate the risk that you will lose money, but it can minimize it to the point where you can sleep soundly at night.

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Your Credit Score Might Go Up Soon

credit score

Your Credit Score May Improve

A couple of weeks ago, we read about how one-third of Americans have had debt in collections negatively affecting their credit score.  Well, there’s some good news.  FICO, formerly known as Fair Issac Corp., just announced changes on how they calculate consumers’ credit scores.

On Thursday, FICO announced its new credit scoring model, FICO Score 9.  The new model will bypass collection agency accounts that have been paid and it will make a clear distinction on the impact of medical and non-medical collection agency accounts.

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The Friday Five – Cats Are Weird

cats are weird

My cats are weird

Aug 1st - Aug 7th

Welcome to another edition of The Friday Five. This is where I share what I consider the week’s top-five money related articles from around the web.  There are a lot of great personal finance websites publishing amazing content daily and I feel that I must share them with you.  I hope you enjoy my five favorite articles of the week.

If you haven’t, please read this week’s posts on 9 Signs You Need a Vacation and on Is it Better to Buy or Rent?  Please don’t forget to follow me on Twitter, Google+, and like Million Dollar Ninja on Facebook.

In no particular order here are The Friday Five

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Is It Better to Buy or Rent?

buy or rent

Should You Buy or Rent?

I always hear from people, “You should get married, have kids, and buy a house”, or “A house is the best investment you’ll ever make”, or “Why are you renting? You’re only throwing money down the drain.  It is always better to buy a house.” Is it?… Is it always better to buy a house than to rent?

The answer is simply, not always.

There are many factors that should be taken into consideration before buying a house and peer pressure is not one of them.  Owning a home can be emotionally gratifying, but that does not mean that it always makes financial sense.

There are many pros and cons of buying vs. renting including flexibility, job security, down payments, utilities, freedom, control, maintenance, tax benefits, etc., but we’re only going to concentrate on the financial aspect of it.  Does it make financial sense to buy or rent?

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9 Signs You Need A Vacation

need a vacation

Just Go!

As a person who is trying to be debt free and reach financial independence someday, I’m always looking for ways to cut expenses and save money.  I’m okay with sacrificing cable and switching my cell phone to a virtually unknown company.  I’m also okay with telling coworkers, “sorry, I can’t go out to lunch today.”  I’m okay doing a lot of things differently to save money, but the one thing that I cannot do is NOT go on vacation.

I understand vacations could get expensive and if you are deeply into debt, I highly recommend you put vacations on hold for a little bit.  However, if you are making headway into paying off your debt and haven’t taken a break in a while, maybe it is time to take a vacation.

If you are not sure whether you should take a break or not, here are some signs that you need a break.

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The Friday Five – Family Vacation

family vacation

Florence, Italy

July 25th – July 31st

Welcome to another edition of The Friday Five. This is where I share what I consider the week’s top-five money related articles from around the web.  There are a lot of great personal finance websites publishing amazing content daily and I feel that I must share them with you.  I hope you enjoy my five favorite articles of the week.

If you haven’t, please read this week’s posts on Need To Eat More Vegetables? – Join a CSA and on 1 in 3 Americans Have Debt in Collections. Please don’t forget to follow me on Twitter, Google+, and like Million Dollar Ninja on Facebook.

In no particular order here are The Friday Five

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1 in 3 Americans Have Debt in Collections

debt in collections

Adults with Debt in Collections, 2013*

One out of every three American adults have had at least one account put “in collections” in 2013.  This is according to a recent study done by the Urban Institute.

The study analyzed data from more than 7 million consumers and found that 35% of American adults with a credit history had debt in collections in 2013.  The data was collected by TransUnion, one of the three major credit bureaus.  Debt in collections were nonmortgage debt, which includes credit card debt, medical bills, gym memberships, utility bills, etc.

The average amount of debt in collections for the U.S. was $5,178 per person.  The District of Columbia had the lowest average dollar amount owed per person at $3,547.

The study also showed that the entire country has a problem with debt.

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