Share a money tip & win $10: What do you buy to thrive in a recession?
The giveaway is over. Thanks to everyone for sharing really awesome tips! We received over a 100 awesome tips for what to buy to thrive in a recession. Look for a roundup of the answers coming soon.
I buy meat on reduced section at the market.
Then I advance-prep for meals, saving me time, money, trips to the store and avoiding impulse buys.
I also invest in fruit.
And buy a newspaper on Sundays, which pays for itself many times over.
Get a programmable thermostat to control heating/cooling when your home is empty.
Congrulations Suzanne and Amy!
Is it possible to spend money to save money? What can we buy to help us thrive in this recession?
We want to know how you've spent money to save money. Share your tips for spending our way out of this recession, and be entered to win one of two $10 Amazon gift certificates to help buy your money saving goodie.
Win a $10 Amazon Gift Certificate
We're doing two giveaways -- one $10 Amazon gift certificate for a random comment, and another one for a random tweet.
How to Enter:
- Post your answer in the comments below, or
- Tweet your answer. Include "@wisebread #moneytippers" in your tweet so we'll see it and count it.
If you're inspired to write a whole blog post, please link to it in the comments or tweet it.
At the end of the drawing, we'll update this post to include (and link to) all of your helpful responses.
- Contest ends Wednesday, May 13 at 11:59pm PDT. Winners announced May 14.
- You can enter both drawings -- once by leaving a comment and once by tweeting.
- Only tweets with "@wisebread #moneytippers" will be entered. That's the Twitter search we're using to track responses.
3 Ways to Spend Money to Save Money
To get your creative juices flowing, here are 3 things you can buy to thrive in this recession.
1. Slow cooker (Crockpot)
I love my crockpot. Prep the night before and throw it in the fridge. Fire it up in the morning. Come home to a cheap and delicious dinner that's ready to be eaten the second I walk through the door. So easy.
If you're a crockpot newbie, start by getting a crash course from Trent of The Simple Dollar. Read The Art of the Slow Cooker, The Frugal Magic of the 5 Ingredient Crockpot Meal, and Five Essential Crockpot Recipes.
Then subscribe to the Crockpot Lady's blog: A Year of Crockpotting. Stephanie O'Dea posted a crockpot recipe everyday in 2008 (and still continues to post new slow cooker recipes), so there's a huge archive of crockpot recipes. (By the way, Stephanie's new book Totally Together, comes out this month.)
Okay, that was the obvious example. Here's a non-obvious one.
2. An espresso machine or premium coffee maker
I really enjoy my daily latte. I could drink coffee from my drip machine at home, but it's not the same. A daily latte is my frugal indulgence (and productivity crutch). But 4 bucks a day at Starbucks is an expensive habit. And unfortunately, I'm not one of the superhumans who can quit caffeine, so I'll need a real solution.
I've been thinking about getting an espresso machine and being my own barista. A decent machine might cost $500, but I'll recover that in just 125 Starbucks visits (5 months). I should have started this process a year ago.
4. .... You tell us.