How to save more money
The best savings occur when you get the same great product at a lower cost. There are many ways you can save on purchases, from finding sales and deals to refinancing your auto loan with Wells Fargo. Here are a few suggestions:
1. Shop at closeout sales
If you know your mom wants a particular handbag, buy it when it's on sale and save it for Mother's Day. If your child needs a spring coat, shop for it during the offseason. If you can wait until summer to buy a car, major appliance, or other big-ticket item, you're likely to save more. By aligning your shopping habits with the sales calendar, you can keep your spending on track and break up your payments to keep from drowning in post-holiday debt.
2. Find local deals and online coupons
Does your spouse deserve a massage? Would you like to take your kids on a horseback ride? Perhaps you want to take professional golf lessons. Tons of local shops, restaurants, and other vendors offer amazing deals through online coupon sites, such as LivingSocial and Groupon. These businesses offer great opportunities through these websites for a limited time and at a limited quantity, for up to 70% off the regular price of an item or service.
3. Go green and save
Shopping for a new vehicle? Consider buying an electric or hybrid car. These cars are good for the environment. If you're in the market for a second car or other vehicle (RV, boat, ATV), consider refinancing your existing auto loan to help offset the cost. Auto refinancing will pay off your existing auto loan and replace it with a new loan, and often give you a better interest rate and/or terms. You can also extend the duration of your loan to shrink the payments.