This year is all about saving money every day while trying to increase your income potential. If you did one thing each day that could save as little as $5 over the course of a year, you could have an extra $1800 in your pocket at the end of the year. Not all of these tips may apply to you, so to keep it fair, not all of them will apply to me.
This is the time when people spend money on the ones they love. Sometimes, they splurge on some serious bling! (Shoot me, I said, “bling.”)
I recommend looking for alternate sources of sparkle. Our friend once purchased an engagement ring on craigslist. He bought the Tiffany eternity band for $425 (originally valued at $2500). It’s important to be aware many of these rings have sad stories of divorce or death. If you’re going to be superstitious you might not be able to hang with this. Frankly, if you’re squeamish that way, you should pay retail. You are paying for fresh start jewelry, but “Whoa!” what a premium.
Other places to find nice pieces are ebay and pawn shops. I don’t recommend ebay for fine jewelry because you can’t really gauge what you’re purchasing. I do purchase inexpensive sterling silver and titanium jewelry here. (I’ve got a great place to buy titanium wedding bands if anybody wants.) I like purchasing, well, anything from pawn shops. When it comes to jewelry, pawn shops generally value the piece based on the type of metal and weight. Not many grade the stones, so you should be slightly knowledgeable of what you’re looking for before you purchase.
Most people have an anniversary, Valentine’s Day or some celebration that may require the purchase of jewelry during a year. Purchasing smart can save you a couple hundred dollars a year.
365 Days of Saving Money: $2405 Annually (Running Total)
