The new year is here and with it come our resolutions to do things like be more financially responsible. Those of us who have a goal of saving more money within 2011 have our work cut out for us. Despite beginning economic recovery, many of us are faced with very slim wallets. Here are some ways to save money on travel, insurance, and food this year.
Step 1: When traveling, book flights well in advance and travel on a Tuesday or Wednesday, considered an off-peak day. Look for specials and if last-minute travel cannot be avoided, visit last-minute travel deal sections of airline Web sites and other reduced ticket sites.
Step 2: Look for hotel affinity cards that offer perks like free room upgrades or a free night stay. Stay within one hotel brand to earn VIP guest privileges. These can save a hotel patron quite a bit of money without requiring any special action.
Step 3: Compare premiums for life and auto insurance policies, as these have decreased in recent years. A better deal on a comparable plan may be waiting for you at another carrier. The difficult economy has caused life insurance rates to fall and stabilize because this coverage is often considered the least desired by those on a tight budget.
Step 4: Join a warehouse club to purchase food and household supplies. Some of these accept coupons, offering additional opportunities for savings.
Step 5: Shop at off-brand grocery retailers like Aldi, who sell private label food. Shoppers can often save between 20 and 50 percent by purchasing their food from these stores.
Step 6: When dining out at upscale restaurants, opt for those that offer prix fixe menus. These provide the most food for the money. Also, consider the specials menu because some great deals can be found.