Several weeks ago, I wrote a post entitled “Money saving tips” This is somewhat a continuation of that post.
With the rice crises and rising oil prices that have been crippling ordinary Filipinos from all walks of life, coming up with a list of money saving tips is my small contribution to at least somehow in my own little way help ease the burden of my fellow countrymen. Aside from that “money saving tips” is one of the main themes of this blog.
The following are money saving tips that I have experienced and would like to share them with you:
1.) Buy in bulk – Go to your local grocery store and compare prices. In particular, compare prices between small items and big items. For example, a 50 gram sachet of detergent powder vs. 250 grams. You will notice that the bigger the size, the cheaper it will get. In fact there is usually a tag that says “Save P15” and if you buy the bigger one, the numbers will get bigger. It might say “Save P 20.” The principle is simple. The more you buy in bulk, the more savings you will have. So avoid small item repacks. If it fits your budget, buy in bigger quantities. This one instance wherein bigger is always better. Believe me, you would want to seriously consider this as one of the most important among the money saving tips offered here.
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. Believe it your not you can get 1 kilo of powder detergent for only P 80.00. (A kilo of powdered detergent in the grocery is already more than P 300.00) In fact a friend of mine who owns a laundry shop can give a much lower price to me. This money saving tip may not be applied all ordinary day to day items however this can be applied to a number of household items.
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. For example if you want to buy pumpkins to make your favorite pumpkin pie, buy it in the wet market. This advice also goes for other vegetables and meat products since they are definitely cheaper in the wet market than in your favorite grocery store. So it is advisable to shop there for these kinds of items. The reason for this is that they buy directly from the farmers and fishermen. Dry goods, canned foods and other items is definitely cheaper in the grocery stores because the grocery stores buys directly from the manufacturers in whole sale.
More money saving tips in the future! Drop by for more. If you have other suggested money saving tips drop me a comment.
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