Keep It Simple, Stupid or K.I.S.S. is a principle that can be applied to a variety of subjects, including saving money. Basically, the K.I.S.S. guide to preserving your household budget is to avoid overcomplicating matters. Instead, stick to basic concepts that are easy to execute, such as:
Forget about brand loyalty: Sticking with a certain brands is not the best strategy if you are looking to line your pocketbook with extra cash. Consider experimenting with cheaper alternatives. NBC’s Today show recently did a test on the best dishwasher soaps and Wal-Mart’s generic brand scored as well as name brand Cascade. Don’t be afraid of store brands. Most have vastly improved in quality in the last decade and can provide significant savings.
Embrace multipurpose products: Whether it’s a two-in-one shampoo/conditioner or a multipurpose spray cleaner for your kitchen, bathroom, and living room, look for products that will do double duty for one low price.
Make your own cleaning products: Basic household items such as baking soda and vinegar are a penny-pincher’s dream. What’s more, they are also environmentally-friendly alternatives to harsh commercial cleaning products.
Shop at Dollar Stores: Some people assume that dollar stores are simply junk yards frequented by hoarders. Actually, the discount stores are great places to find amazing deals on everything from toilet paper to birthday gift bags to carpet cleaner. In fact, most dollar stores feature sections with discontinued name brand items that you can’t find at full-price retailers.
Avoid payday loans: While the commercials may make these loans appear enticing, especially when you’re in a financial bind, you won’t be saving by opting for this way to get cash in a hurry. Payday loans feature extremely high interest rates, which make it very hard to repay without having to dig deep. If you are looking to save money you also want to avoid getting a credit card cash advance. Even if the cash advance offers a low interest rate, read the fine print and you’ll see that it’s likely part of a limited time promotional offer.