This is from the September issue of SmartMoney (I’ll post a link to the article once SmartMoney has the article up).
The September issue of SmartMoney has several MUST-READ articles. One of those articles is the cover story titled “Save 50% on Everything.” The article details ways that people can save on clothes, health care, education, entertainment, investing, cars, and electronics. Some of my favorite tips are:
Clothes – make friends with the sales clerks at your favorite stores. It is easy to do and a friendly sales clerk can tip you off to upcoming sales and even put stuff back for you. My problem is that I don’t shop often enough to have “friends.”
Education – Check out merit-based grants that are often offered by state schools to keep top students from going to more-prestigious schools. The article details how one family received $130,000 in merit-based grants to send their son to college. WOW! To find out about merit-based grants, check out Petersons.com. One important thing to note is that biggest grants are given to students whose grades and test scores rank them in the top 20% of the school’s applicants.
Investing – I learned something new today! I learned that at Fidelity, online trade commissions drop from $20 to $11 once you bring them $50,000 in assets – and your Fidelity 401(k) or 529 plan counts toward the total. This is good news for me because my wife’s 401(k) is with Fidelity. Fidelity really should do a better job with their marketing. I have not heard one word about anything like this. I’m going to check it out this week.
Electronics – The other tip I thought was cool was Techbargains.com, which is a website that you can use to create a deal alert on a electronic item that you want. The reason this is cool is that electronic prices often drop quickly and sometimes you can miss out on a good deal. Techbargains.com can help you stay on top because they will send you an e-mail when the price drops or a discount goes into effect. Pretty cool!
There’s lots more tips but you’ll have to read the article to find out what they are.