Moved by the rice crisis and the never ending oil price hike, I was able to write this post on practical money saving tips to help ordinary people from different walks of life. Many have been crippled financially as our economy begins to feel the impact of the global economic crisis. Rice shortage and increasing oil prices are just some the financial woes of Filipinos nowadays.

Here are three of my tips in buying cheaper goods. These tips are based on my experience and have been very useful to me.

1.) Purchase wholesale – If one goes to a local grocery store and compare prices between small items or repacks and larger items of the same product, such as 500 grams and 1 kilo of washing machine detergent, he will notice that as the size of the item gets bigger, it becomes cheaper. These bigger items are usually stamped with “Save Php. 15.00″ or “Save Php. 20.00″ and the more you buy in bulk, the more savings you get. So purchasing in wholesale rather than in small repacks is a wiser decision and should be seriously considered in buying. This is the reason why I put this as my number one tip.

2.) Industrial Suppliers Sell Cheaper – Most grocery stores buy directly from industrial supplier because it is cheaper. The reason behind this is because industrial suppliers make their own products or buy it in bulk. So if you get to buy directly from these industrial suppliers you will have the luxury of buying at the cheapest level. The “buy in bulk” principle got me started to explore this possibility when I tried to buy a sack of detergent soap. Since no grocery store sells detergent soap in sacks, I asked around and found out that laundry shops sell detergent soap at P 80.00 per kilo. I was also given a much cheaper offer from my friend who also owns a laundry shop. So why is this discovery important? Well for one, one kilo of detergent soap sells around P 300 in a grocery store. Number two, it proves my point of going directly to the industrial supplier for cheaper items. The reason why most laundry shops are able to sell detergent soaps so cheaply is because the manufacture their own and these soaps are of the same quality as their commercialize counterparts. Even if you cannot apply this tip to all everyday items yet it can still become very useful when it comes to household items.

3.) The Right Supplier Sells Cheaper – Though this tip may seem similar to the one I posted previously, it is important to not that the previous post talked about not buying in a convenience store while this tip is concerned about choosing the right supplier who can offer the cheapest price for certain goods. For example, the wet market sell cheaper when it comes to vegetables, fish and meat products because vendors bought it direct from farmers and fishermen. On the other hand, grocery stores offer the cheap can goods and other dry goods because the are able to buy in bulk from industrial suppliers.

Click here to learn more about the money saving tips and other tips on saving money at the blog of Zigfred Diaz

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