RE/MAX Main Street Associates
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Posted by RE/MAX Main Street Associates on 2/10/2019

If you know you’d like to buy a home in the future, you’ve probably thought about saving money for all of the upfront costs that buying a home can bring. Saving the sizable amount of money that it takes for a down payment can be seemingly impossible to do. It’s impossible without making yourself seem miserable for a time, at least. You can save money creatively without sacrificing everything. Below, you’ll find some tips for saving money that work for your life. 


Put Your Money Somewhere Safe


While investing in the stock market may seem like a good idea to put your savings on hyperdrive, it’s risky. When it comes to your savings, try high interest savings accounts and CDs. The latter is a particularly good option because you won’t be able to touch the money for the time period that the CD will mature. You’ll also earn a bit of interest on the funds that are in there. 


If you plan to keep adding to your savings (which you should) a traditional savings account is best. You should have a dedicated account that’s solely for the house fund. Do some shopping around for the savings account that will have the best interest rate and be the easiest option for you. Remember that as boring as a savings account seems, it’s a safe bet for your money. 


Apps Can Assist You


There are plenty of budgeting apps and apps that help you to set aside spare change. You should make use of these tools to help you reach your savings goals. Whether you need some help with budgeting or need to find ways to put your spare change to good use, there’s an app for that. You can even find apps that will reward you for good behavior. These apps may “tip” you a few bucks for going to the gym or completing a project on time. You’re saving money and doing good for yourself at the same time! Saving money for your future home can be fun if you find the right tools to help you.



Set Goals


One reason that many people don’t save a lot of money is that they lack specific goals. If you sit down and look at your budget, you’ll see where you can cut expenses. Then, you’ll be able to have clear cut goals of how much you can save on a weekly or monthly basis. With your eyes on the prize of homeownership, you should be motivated to save where you can. Having specific numbers in mind can be a big help in reaching your long-term goals.




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Posted by RE/MAX Main Street Associates on 11/6/2016

Times are tough for everyone and saving everytime you go to the store can really add up. Most people don't realize the true value of a coupon, or how to use them to their full advantage. With a little bit of time, on average you could save 20-30% during each grocery shopping trip and 50-100% each time you go to the drug store. The trick with getting more bang for your buck is matching coupons with the weekly sales at the supermarkets and drug stores. For example, shampoo is on sale for buy one get one free, and you have a coupon for $1.00 off 1 item. If the shampoo retails for $5.00 you will get 2 shampoos for $3.00 (2 @ $5.00 - $2 off in coupons). That's a savings of $7.00! This applies to any item you would buy at the supermarket or drug store. And by stocking up on an item when it's sale price plus coupons make it a great deal, help you to avoid running out and having to pay full price. In addition, some stores have additional savings such as doubling the value of a coupon, or in store coupons that you can use with a manufacters coupon. For example: Walgreens has Bonus Rewards were you earn points on products you buy that add up to money off future items. CVS has Extra Bucks which are like cash off your total. Both drug stores have their own in store coupons (CVS prints theirs on the bottom the receipt or from the kiosk in stores, Walgreens has a monthly coupon book) which can be used with a manufacter's coupon. Find a good week, there is potential to use a manfacuter's coupon, an instore coupon and Extra Bucks on a sale item to get it pennies (at CVS for example)!!! There are a variety of websites that can help you get started as well as give you guidance on what coupons you may have to match with the sales. To name a few: www.couponmom.com, www.hip2save.com, and www.coupondivas.com are great places to start. The savings are endless, you just have to reach out and grab them!




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Posted by RE/MAX Main Street Associates on 10/9/2016

It is the desire of most people to become rich in life and live comfortably in retirement. The problem is that most people are not ready to pay the price required to achieve this long term goal. No one living their dream life today arrived there by chance. They all made a concerted effort to ensure their plans became a reality. The first step is saving, some people have problems saving money hence only having enough to meet their present needs. Never bothering to set some money aside for the future can leave an individual in a real financial bind.

This article will provide you with some practical steps on how to save money. The first step is determining how much you will save, how long you will save it, and how to keep you from spending it.

Take Care of Your Debts

Before you start saving, you need to clear your debts so you can start with a clean slate. Calculate how much you earn in a year and how much you are in debt. Calculate how much you want to use towards repaying the depth on a monthly basis and stick to it. The larger the portion, the faster you get out of debt. It may be a bit of a strain on your budget, but the sooner your debt is eliminated the better off you will be.

Set Your Goals

You need to set goals that provide a clear picture of what you are working towards. Maybe you want to have $5000.00 in savings by the end of the year, have this written on a piece of paper and placed where it is visible to you at all times.  This message will act as a continuous reminder of the goal you are aiming to achieve.

Establish A Time Frame

What good is a goal without a time frame? There has to be a precise and definite time frame, this makes your goals realistic. For example, “In 6 months, I want to have $30,000 in my account by saving $5,000 every month”. That is a long term goal that has been broken into short term goals with a precise payment amount and time frame.

Keeping A Record

It is very important to keep a record of every expense you make and every bit of income you receive. Keep a small note book in check always to determine precisely how much you spend.  Include your utilities, rent, insurance, car payments, fuel, food and other living expenses.  You will be surprised how much you spend when you start writing it down.

Cut Down On Your Expenses

This is where you need to take decisive actions. Cut down on your expenditure so you have more money for your savings account. For example: instead of paying for the internet, a land line and mobile phone, why not make most calls on Skype as calls on that platform are free. Do away with the land line, your mobile phone and Skype should take care of all your calling needs. Can you do away with cable television? If so, why not, that could prove to be a substantial savings at the end of the year.

Assess Your Self

You will need  to assess your position from time to time and determine if you are on course with respect to meeting your goal. Take a look at your progressive income and expenditure. The expenditure should reduce subsequently allowing an increase in savings.

When it comes to money, savings should be your first priority. This is a form of paying yourself first. Even small deposits will add up at the end of the year.  Discipline and consistency are key when building that proverbial nest egg.





Posted by RE/MAX Main Street Associates on 6/26/2016

Saving money is on everyone’s mind, and rightfully so. One of the easiest ways to save money when shopping is by using your phone. There are many apps offered in the App Store and Google Play Store that are amazing at saving you money through discounts, coupons and even money back. All you have to do is download the app and create an account and your on your ways to savings. Check out the apps below: Cartwheel: This is Target’s app. It features deals that are based on items you’ve purchased before or are likely to purchase in the future (based on shopping patterns it learns from using the app). But the best part about this app is the scan feature. While shopping scan all of your items that you put in your shopping cart to find additional offers, saving you even more money. Savings Catcher: This is Wal-Mart’s app. With the Savings Catcher app you scan your Wal-Mart receipts and it then scans for competitor’s prices on items that you purchased. You will receive money back for any item that was priced lower at a competitor’s store. You can turn this money into a gift card at any time and redeem it at your local Wal-Mart. Shopular: Shopular is a very popular shopping app. It has coupons, deals, and sales for almost every store imaginable. They include Express, Famous Footwear, Michaels, Old Navy, Target, Kohl’s, factory stores, and so many more. The best part about this app is that stores actually accept the coupons. Groupon: Groupon is very popular. It offers deals on restaurants, goods, hotels, vacation packages, activities, and much more. Beyond the offers that are offered, Groupon also runs specials where you can receive an additional amount off the already discounted amount. These are perfect times to purchase the Groupon you’ve been holding out on. Now get to downloading and happy saving!




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Posted by RE/MAX Main Street Associates on 3/20/2016

Retirement can be expensive. Transitioning from a steady income to living on a fixed one can be difficult. If you are nearing or currently in retirement there are some ways to stay within budget and reduce your spending.  Here are some tips to help reduce your retirement expenses: Have a Budget The most important and crucial first step is to create and stay within a budget. Over the course of a few months track and review all of your spending habits. Track things like food, housing, utilities, entertainment, etc. and create categories of spending. Analyze how you are spending money and if needed make adjustments to stay within budget. Manage Your Costs If you need to reduce your spending there are some easy ways to accomplish that. Try using coupons, shopping for store brands and even buying in bulk. If you have too much of a bulk item try splitting with a friend. Look for free entertainment in your area  at the local library or senior center. Take advantage of shopping senior discounts. Many stores have certain days or hours when seniors receive a special shopping discount. It may also be possible to lower household costs such as electricity, and water by negotiating with your utility company. They may even offer a senior citizens or income discount. Talk to family members about family cell phone plan to help reduce costs too. Manage Your Medication Health care costs are a big concern for seniors.  Talk with your health care provider about any generic medications available. Generic medications are often much less expensive. Don't be afraid to shop around, prescription and medicine prices are not the same at every store. Most of all continuously review your budget and spending to make sure you are staying on track.







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