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.

These are some money saving tips that I have experienced. I would like to share these to you.

1.) Be a “bulk” buyer – If you compare prices in your local grocery store buying bigger is always better. Notice the difference in price per gram between a 50 gram sachet of detergent powder and 250 grams. This fact is not even concealed by the products themselves. You will see a label that you will save a lot more if you buy the bigger item. This drives home to you a very simple principle, buying bigger is always better. You should avoid small repacks of certain items. This money saving tips is one of the most important tips to bear in mind.

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.

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.

To cite several examples, you can notice that vegetables and meat products are definitely cheaper in the wet market than in grocery stores. Hence, I advice that you do your shopping there for such items. The wet market is definitely cheaper because they buy the products directly from the farmers and fishermen. In contrast, dry goods, canned foods and other items are much cheaper in the grocery stores because they buy in wholesale straight from the manufacturers.

Would you like to know more about investment strategies ? Visit the blog of Zigfred Diaz where he blogs about several interesting topics such as investments, financial management, business, making financial online and Stock market investing