Remember way back (if you are old enough) when we saved pennies in our piggy banks?
Those pennies really bought a lot for us back then! Just 5 of them would buy an ice cream cone that now costs $1.50 at Baskin Robbins! Just 5 pennies could also buy a nice sized candy bar which now sells for around $0.65. 29 pennies would pay for a standard loaf of bread which now costs well over $2.00.
Still, even though pennies seem worthless, they really can add up. Being a "penny pincher" nowadays, can still net you much! Here is the catch! Think in terms of how much extra you will have at the end of a month or a year. For instance. A roll of paper towels costs such that each sheet is worth 1 penny. Instead of using the paper towel once, I can usually use it three times. For example: dry my hands, let the towel dry and then use as napkin at table. Later, I can still use it as a handkerchief. Our family really has many uses for paper towels, including in the car. We always try to find numerous uses for each one! We use up about a roll of towels once a week so I am paying about $1.00 a week instead of a possible $3.00. In one month's time, I am ahead by $8.00 and by the end of the year, I am ahead by nearly a whoppin' $100.00. Can you believe that! All that money just from using 1 cent paper towels three times instead of once!
Electricity is a biggie! I never got the cost figured out to know what I would be saving by switching from one wattage light bulb to a lower wattage or from one kind of light bulb to another. I get ohms, watts, amps, kilowatt and such all mixed up. I know I am saving something by using those little 7 watt clear Christmas bulbs on Christmas window candles for lighting on tables inside the house, but I have no idea to how much I am saving compared to if I had several 25 or 40 watt light bulb lamps on in their place. Even if I am saving just 50 cents a day in electrical usage by reducing my lighting one way or another, I can end up a whole $182.00 at the end of the year to buy Christmas presents with!
It really is amazing what saving on pennies each day can add up to!
I know a lot of us here pinch pennies many ways, but what amazes me is how little it takes to save up for the year by just being more creative in where these pennies go and what every bit of use you can get out if them.
I know that if I am in a situation where I have to make an extra $15.00 a month payment, I am very displeased. Yet making the tiniest changes can often save far more than that every month. Just cutting out 50 pennies a day equals $15 a month which adds up to $180 per year which could buy very nice used furniture, a whole lot of yard sale preps, or 450 pounds of wheat, etc!
I don't know how much money it cost me per year to keep an electric cup warmer on each day for hot cider, and coffee, but this Christmas I bought me a thermos mug that keeps my drink hot for 2 hours! I no longer need to use up pennies (what ever amount) on that cup warmer! For you with electrical usage and cost knowledge, my cup warmer used 25 watts, 120 volts and 60 HZ. I had it on 12 hours a day! So what did that cost me each year? Boy, I would love to know that one! [By the way, I am sure someone out there would comment that if I just didn't drink that wasteful coffee, I could save a whale of a lot! Well, I do awknowledge that you are very right!]
Now, where are more hidden places where we can save a penny here and a penny there. How about saving just 5 cents a day. Surely we can do that! At the end of the year, you can buy 90 pounds of flour from Save-a-lot which sells it for just 99 cents a five pound bag!
I would very much like to hear of your hidden penny secrets! Also, if there are any electrical cost savvy folks, may I hear from you too?