Wednesday, July 3

Redbook Got Something Right

Somehow we ended up with a free subscription to Redbook. I don't know if it was a gag gift from a friend, or if we got on someone's mailing list who thought it would be an added value for our household. Either way, it isn't a magazine that does much for our family and it's rare that I give it a second glance once I bring it in from the mailbox.

In the July issue though, there is an article called The Challenge: Save More, The Winner: YOU (page 112). There are some really great money saving tips in this article, and if you happen to get Redbook I encourage you to take a look at some of the stories of women who are taking a creative approach to saving money.

For those of you who don't get Redbook, here are some highlights from the article:

  • Set a savings goal each week. The article talks about the "52 week savings challenge". The gist is, pick a sum of money that you plan on saving each week, and then do it. Bank those savings for getting out of debt or keep it for the future.
  • Don't be afraid to buy second-hand. You'd be amazed at the like-new items that are available out there in thrift stores, on craigslist, and on eBay. Buying second hand you can easily save 40-75% on clothes and household items. For example, I recently purchased a Fisher Price Learning Home at a local children's resale shop. This toy which retails on for $94.49 + shipping, was just $38 used and is in great condition. 
  • eBay is your friend. If you're looking for a great way to de-clutter your life but don't have the time to have a classic garage sale, consider putting your items up on eBay. It will still take time to list, pack and ship your items as they sell, but it's all stuff that you can do after-hours from the comfort of your pajamas. The big bonus? A clean house and a full PayPal account.

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