Oct 15, 2008 6:35 pm US/Central
Expert Offers Tips On How To Shop And Save Money
CHICAGO (CBS) ―
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Laura Rowley says it's best to buy in bulk because it's cheaper. And if it's too much for your family, split the product and the cost with a friend.
CBS
A top money expert happened to be in our area today for a book signing at Sam's Club. She shared some of her tips on how to slash your spending with CBS 2's Dorothy Tucker.
When Sandy's husband lost his job about a year ago, she was forced to go back to work. On a limited budget, she was also forced to change the way she shops.
"Buy in bulk, trying to watch what I spend, how much I spend," Sandy said.
Watching every penny is a common theme among today's shoppers.
Financial expert Laura Rowley has written a book on how you can reduce your household budget.
"The best way to save money is to look at your core expenses," Rowley said.
Food is one of the biggest expenses. Rowley says it's best to buy in bulk because it's cheaper. And if it's too much for your family, split the product and the cost with a friend. You should also cook several meals at once and freeze some of it for later.
"Then when you get home from work in a hurry, it's late, you had to stay at the office late, you're not ordering take-out food, you're not saying let's go in the car and go to a restaurant, you're saving money that way," Rowley said.
Another way to save money is to visit the National Association of Insurance Commissioners website. You can shop around for the cheapest car insurance and learn about all the discounts.
"If you have a college student who's on your insurance and they live 100 miles away, you get a discount for that," Rowley said. "If you have a teen who has very good grades in high school, you get a discount for that."
Conserving energy by replacing incandescent bulbs with florescent ones will cut an estimated $300 dollars a year out of your budget. That's what shopper Kay Gormley plans to do.
"Put it in my basement, my outdoor lights, see if that helps," Gormley said.
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