Sync.com - private cloud

Maximize Savings Strategy for 2014

Mint___Trends-418x300

Some links may be affiliate links. We may get paid if you buy something or take an action after clicking one of these. Disclaimer

Here is a cool trick to try and maximize savings for 2014. If you use Mint or USAA you can look at your spending trends for the past year. Other banks may do this as well and there are also other sites similar to mint.com that track your spending but these are what I use. Find the spending trends graph and you can see how much you spent in each category such as “shopping”, “food”, and “utilities”. You should be able to then click on the specific transactions for each category and also filter by the merchant. Use this tool to then find where you spent the majority of your money such as Wal-Mart or the PX/Commissary. Now you can predict where and how much you will spend next year. This can be really valuable information. Because now you can prepare a strategy to save money at these places. Spending $400 a month on groceries equals $4800 in a year. Saving 5% on that $4800 saves you $240 a year. If you spent a total of $30,000 a year and you were able to save at least 5% on everything you paid for then you can save $1500. Here are a few strategies I use:

Cash Back Reward Cards:

  • Sallie Mae – 5% back on groceries/gas/books
  • US Bank – 5% on categories you choose each quarter
  • PenFed – 5% back on gas
  • Chase Freedom – 5% in rotating categories
  • Amex Blue Cash – 6% on groceries / 3% gas
  • Discover It – 5% in rotating categories.

Discount Gift Cards:

Cash-Back Rebate Sites:

Coupons:

Reward Debit Cards:

Auto Saving:

  • SmartyPig – Targeted savings with the bonus from retailers
  • USAA multiple accounts with nicknames.

Flash Sale / Daily Deals Sites – Make a list of what you want/need and wait for them to show up on these sites.:

Used Sales:

Timed Purchases:

  • Christmas Deco in January
  • Halloween in November
  • Winter Gear in spring
  • Summer Gear in fall

PrivateThrifty.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Stay in Touch

As an Amazon Associate I earn from qualifying purchases

We partner with Rakuten Marketing, who may collect personal information when you interact with our site. The collection and use of this information is subject to the privacy policy located here.

Disclaimer: This is a private website that is NOT affiliated with the U.S. government, U.S. Armed Forces or Department of Veteran Affairs. U.S. government agencies have not reviewed this information. This site contains information about GI Bill benefits, VA loans, news and services for military veterans and is not connected with any government agency. GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). The appearance of U.S. Department of Defense (DoD) visual information does not imply or constitute DoD endorsement.

© PrivateThrifty and privatethrifty.com, 2020. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to PrivateThrifty and privatethrifty.com with appropriate and specific direction to the original content.