Thursday, February 2, 2012

Spending Tips: Month by Month

January:
It’s a perennial New Year’s resolution to pay down debt. So if you’re sitting on extra savings or money from the holidays, consider using it to knock off any accumulating credit card debt. Start with the credit card that has the highest interest rate.

February:
Flowers can be a big part of your Valentine’s Day spending, especially if you procrastinate. If you plan on sending flower to your significant other this year, start browsing websites early to avoid excessive delivery charges on last-minute orders.

March:
If you’re planning a spring break trip always remember the best time to book a flight is four to six weeks prior to your vacation. Prices for any given flight are generally highest in last few weeks before your travel date. Another vacationing tip to remember is most airlines offer sales on Tuesday’s, Wednesday’s and Thursday’s.

April:
In honor of Earth Day use rags made from old towels, sheets or clothing when tending to common cleaning needs around the house. Also try using newspaper to help clean windows and small messes. The common family uses 2 rolls of paper towels a week costing around $120 a year.

May:
Before the weather gets too hot, have your air conditioner serviced and ready for the upcoming summer season. A clean air filter keeps your house cool and can also help your unit not run as frequently and work more efficiently, therefore saving you on your electric bill. It is suggested to change them out every 20 to 30 days in the hotter months of the year.

June:
It’s National Homeowners Month and interest rates on mortgages should still be near record lows. Prospective homeowners should start looking into the pros of buying versus renting. Homeowners should check whether it’s worth refinancing. The general rule of thumb is that the new rate should be as least 1.5 percent below your current rate.

July:
If you’re inspired by the Olympics set to take place in London, check with your local health clubs to see if they are running any discounts or special offers. This not only benefits your wallet but also your health.

August:
Several states offer tax free holidays for back-to-school items on a designated weekend. Keep up with list of needs for the upcoming school year and you could save big over this three day event. For a list of this years dates and qualifying purchases for Texas click here.

September:
Evaluate how much you spend on medication. Over-the-counter drugs are as much as 50 percent cheaper at Target and Wal-Mart than at local supermarkets, according to Consumer Reports. Also look into generic prescription offers from big box retailers, costing as little as $4 for a 30-day supply.

October:
Avoid those high price costume stores. Try to use items from around the house or borrow from friends. Local thrift stores are also a great place to find gently used costumes and props for a bargain.

November:
As our grandmothers, mothers and aunts start the hustle and bustle in the kitchen for the Thanksgiving holiday; think about buying fresh and local produce. The Farmers Market is a great place to find home grown fruits and vegetables at a great price.

December:
You don’t have to brave the crowds even if you haven’t gotten around to your holiday shopping. Sign up for to participate with retailers email list to stay on top of special sales. Hundreds of retailers also provide free shipping starting at the beginning of this busy month.