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الثلاثاء، 10 أكتوبر 2017

Here’s How to Get $10 Worth of Free Stuff at CVS Without Leaving Your Car

Update: CVS has just relaunched this $10 off curbside pickup deal. We’ve updated all the details about this awesome deal.

When you don’t have two days to wait for Amazon but can’t bear to put on real shoes to go to the store, what do you do?

Bribe your children or best friend?

This offer to try CVS Express is probably easier — and will save you more money than asking your teenager to bring back change.

The CVS Coupon Code That Gets You $10 Worth of Stuff

This coupon code is good for new CVS Express customers who want to order items from the web or CVS app, then pick them up through the store’s new curbside service.

Visit CVS Express and enter your ZIP code to see if curbside pickup is available in your area. Choose a local store and select your items online.

When you checkout, use promo code CVSCURBAFFIL10 to get $10 off your first curbside pickup purchase of at least $10.

We spotted this deal at Slickdeals. Use it by Oct. 14, 2017, to get your savings!

Lisa Rowan is a writer and producer at The Penny Hoarder. She gets CVS receipts so long she could turn them into garments.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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How I Earn 7 Multiple Streams of Income

You’re the Boss: Here’s How to Make Your Money Start Working for You

“Make your money work for you.”

We say it quite a bit around here. You probably hear it anywhere you seek financial advice or information.

You’ve got to get that money out from under the mattress, out of a stagnant savings account, out of an ill-run retirement account. You’ve got to learn better options so you can start making your money work for you.

But what does it mean?

It means you can turn the money you have into more money.

Pretty sweet idea, right? We’re usually talking about investing, as that’s the most straightforward way to turn your existing money into more money.

That includes the big stuff — like putting money into a business and earning more in return, or buying real estate and renting or selling it for profit.

It also includes the more common stuff, like saving for retirement.

You could stick 4% of every paycheck in the bank each year and have, like, $100,000 saved by the time you retire. That sounds fine, but it won’t last long.

Instead, you stick that same money into a retirement account, and it grows to, say, a cool million dollars that’ll get you through a couple decades of retirement.

That’s making your money work for you.

Here are a few tools to help you be a tough boss and ensure your money’s hard at work.

1. Check in on Your 401(k)

Got a 401(k)? You’re on the right track.

Now, you just need to make sure it’s doing what you need it to. However, tapping into that account and deciphering the information — or lack thereof — can be hard.

There’s a robo-advisor for that called Blooom, an SEC-registered investment advisory firm that will optimize and monitor your 401(k) for you.

A few of us Penny Hoarders already use the service. It gives you an initial 401(k) checkup for free, and you’ll get to know your account a little more intimately. Find out if you’re paying too many hidden fees, have the appropriate amount invested in stocks versus bonds, that kind of fun stuff.

Let Blooom know your target retirement age, and it can help you get there by investing more or less aggressively.

2. Investing for Beginners (Who Don’t Have a Lot of Money)

Outside of your retirement plan, what are you doing to grow your money?

Investing in the stock market can be a smart way to make your money work for you — but it feels restricted to a few wealthy elite.

Stash is different. This app lets you start investing with as little as $5 and for just a $1 monthly fee (the first month is free).

Stash curates investments from professional fund managers and investors and lets you choose where to put your money. But it leaves out the complicated investment terms. You just choose from a set of simple portfolios reflecting your beliefs, interests and goals.

Bonus: Right now, Stash will give you an extra $5 to get started. Here’s how to get it:

  1. Enter your email here.
  1. Download the Stash smartphone app and create your account with the same address.
  1. That’s it! Within two days, the $5 bonus will hit your account.

3. Open a High-Yield Checking Account

If you’re like a lot of people, your paycheck(s) go into a single bank account. It’s probably a checking account, but maybe you’re a savvy saver and stick some of each check into a savings account.

The problem with that? A lot of bank accounts — even savings accounts — leave your money to do diddly squat while it’s there.

If you want your money to work for you, stick it into an account that pays a high interest rate.

Our writer Dana Sitar automatically deposits a portion of her paycheck into her Aspiration Summit checking account. This acts as her savings for travel and emergencies.

Here’s why she prefers it to a traditional checking or savings account:

  • It’s online only, so she doesn’t have to leave her apartment to handle her finances.
  • It’s free — no mandatory monthly minimums or fees.
  • It comes with a debit card, and she can use any ATM in the world for free.
  • Plus, 10% of the company’s revenue goes to charity, so she can feel like a good person!

4. Get Money Back for Everything You Buy

Regardless of how frugal or financially savvy you are, you still have to spend money on the regular to get by. You’ll have to shop for groceries — and other essentials, like wine, fresh clothes and that new Bestseller everyone’s been talking about.

Make the most of these purchases — even the indulgent ones — by earning money back every time you shop.

These cash-back sites and apps will help you get started:

  • Ebates: This platform has everything — from rebates to deals to promo codes to discounts. It’s always worth checking before venturing out (or online) for a shopping trip.
  • Ibotta: This gem helps you save big on groceries, booze and more just by snapping a photo of your receipt after you shop.
  • Paribus: This tool is too easy to ignore. It scans your emails for online-shopping receipts, then keeps an eye on the items you bought from participating retailers. If it finds a lower price, it helps you get reimbursed for the difference. It can also help you get a shipping refund if something shows up late.
  • MyPoints: Shopping through the online MyPoints portal earns you points with each purchase, which you can cash in for gift cards to major retailers like Amazon and Walmart.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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Love Aldi? You Could Snag a Job at a New Jersey Location Wednesday

Aldi is continuing its U.S. hiring frenzy in the Garden State, with the announcement of 250 jobs open at 42 locations across the state.

Just show up to any New Jersey Aldi on Wednesday, Oct. 11, between 8 a.m. and 6 p.m., and you might walk out with a job paying as much as $56,000 a year, according to a news release.

The New Jersey hiring event is smaller than Aldi’s recent hiring spree in Florida but tracks with the company’s massive U.S. expansion. The grocery chain has new stores opening in Egg Harbor, Flemington, Hamilton and Old Bridge, the release states.

Click here to see if you have an Aldi near you. If there isn’t one, check out The Penny Hoarder Jobs page on Facebook for other openings.

Aldi Is Hiring for Several Positions at New Jersey Stores

Aldi hopes to find associates, shift managers and manager trainees at its new and existing New Jersey stores.

A high school diploma or GED and some retail experience are preferred for all three positions, and you’ll have to be able to work between 6 a.m. and 11 p.m. any day of the week. If you can lift 45 pounds and pass a background check and drug screening, you’re golden.

Here’s how the pay breaks down: Store associates and shift managers will earn up to $12.40 an hour, while the latter position will garner an extra $4.25 an hour when performing managerial work.

Manager trainees, who preferably have some management experience, can make up to $56,160 annually, with the opportunity to earn as much as $95,000 a year as a store manager.

All Aldi employees have the option to open a 401(k), and those who work more than 25 hours a week are eligible for dental coverage and health insurance.

If you love shopping — and saving — at Aldi, then you don’t want to pass up this opportunity.

Alex Mahadevan is a data journalist at The Penny Hoarder.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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Surviving and Thriving on an Extremely Small Food Budget

When I first started writing for The Simple Dollar, the then-governor of Oregon, Ted Kulongoski, made a big splash by choosing to eat for a week on $3 a day. This was in response to Oregon’s “food stamp challenge,” which challenged citizens to do just that and discover how hard it was to actually survive on such a small amount of income for food.

I thought about that challenge myself and decided to see if I could do it. Back then, our family consisted of just me, my wife (who was pregnant at the time, though I don’t think I knew it yet), and our oldest child who was then a toddler.

Could we pull it off and still eat healthy? At the time, several years ago, I found that we could just make it, provided we were able to find fresh produce in season.

Let’s roll this forward to today, though. Today, we have five people living in our home. Could we actually survive well on an extremely small food budget?

The first question, obviously, is “what constitutes a small food budget?” You’ll get lots of answers to this question, of course, but I wanted to get an impartial answer. I started by finding out what SNAP benefits were available for a family of five. This quick guide to SNAP eligibility and benefits, and it turns out that for a family of five, the average SNAP benefits added up to $556 a month.

Let’s put that into context. Over the course of 30 days, I’d have to feed five people 90 meals each, which adds up to 450 meals. That breaks down to a cost of about $1.25 per person per meal.

For comparison’s sake, this amounts to a single person living off of about $26 for a week for food.

So, let’s use that as a threshold. Let’s say you’re moving into an apartment for the first time in your life and you need to survive on about $1.25 per meal going forward. Let’s also assume that you have a stove and a microwave and a handful of basic pots and pans to cook with, along with a few plates and bowls to eat out of. (If you don’t have those things, head down to your local Goodwill, where you should be able to find all of those things except the stove for pennies.)

How can you and your family survive on $1.25 per person per meal?

It’s worth noting right off the bat that it’s easy to find enough really unhealthy foods to meet a person’s basic caloric needs for under $1.25 a meal. One could live on a steady diet of ramen noodles and have enough calories with which to live and spend far less than $1.25 a meal, for example. The only problem here is that a really unhealthy diet adds long term medical costs into the equation. A diet consisting of ramen noodles is likely to result in weight gain and hypertension along with some serious malnutrition. It’s not a functional and healthy long-term diet.

So, here’s the real question we’re asking here: how can you and your family eat healthy meals and thrive on $1.25 per person per meal?

Here’s what I would do in this exact situation.

Supplement the foods you can buy with a food pantry. If a person is in a position where they’re trying to survive on $1.25 per person per meal, it’s likely that they’re eligible for the benefits of a food bank or food pantry. My first step would be to identify where the local food pantry was, stop by during operating hours, and see what I need to do to get food regularly.

At our local food pantry, you’re allowed to get a bag upon your first visit, but in future visits, you have to provide proof of annual income (a tax form works, or some other proof – they can guide you as to what works) and proof of residence (a bill works) in order to keep getting food. In other areas, there are even fewer requirements.

Remember, if you are eligible to get food from the food pantry, you should; you are the reason the food is there. People want to help you get through this tough time and get back on your feet as fast as possible. Let them help!

Figure out whether you’re eligible for SNAP and sign up if you are. The easiest place to go to find out about this is to visit BenefitsCheckUp, which will help you identify, with a few basic questions, which programs you’re eligible for. Just choose the “Food and Nutrition” option when it asks you what kinds of benefits you’re looking for.

If you’re eligible, SNAP benefits typically come in the form of a debit card that you can use for groceries, enabling you to buy a certain amount per month. If you qualify for full benefits, this should provide you the $1.25 per meal (roughly) that’s discussed above.

Again, as I said earlier, if you are eligible to get benefits from SNAP, you should; you are the reason this program is there. People want to help you get through this tough time and get back on your feet as fast as possible. Let them help!

Of course, knowing about these programs is great, but how do you actually use $1.25 a meal to put food on the table?

Start with what I call the “big eight.” There are eight very inexpensive staple foods that are what I consider to be the backbone of an inexpensive diet.

First, eggs. You can find them for as little as $0.50 a dozen depending on where you live, though prices vary a lot. An egg has eighty calories in it and is a protein and nutrition winner. Make a dozen scrambled eggs and you have a main course for three or four people for $0.50.

Second, dry rice. It’s incredibly easy to cook rice. You just put some in a pan with a lid, add some water, and let it simmer for a while. You need to get the proportions right, but you can easily look that up online based on the type of rice you buy. Dried rice is dirt cheap at the store, accompanies practically anything, and is incredibly easy to cook.

Third, dry beans. You can almost carbon copy everything I said about rice. Even better, there are lots of very different varieties of beans, from the tiny lentil to the large chickpea. Buy them dried, let them soak in water overnight, then boil them up and you’ll have the backbone of many amazing meals.

Fourth, on-sale fresh produce. Many, many grocery stores use fresh fruits and vegetables as loss leaders to get customers into the store. Just go into the fruits and vegetables section of your preferred grocery store and pick up whatever’s on sale. Take it home. Figure out how to prepare it. Try it.

Fifth, whole chickens. This is where you get your money’s worth when it comes to a chicken. Just cook the whole thing in a pot and enjoy it for dinner, saving the broth it’s cooking in for later use in a soup. Eat all the meat, then make more broth with the remaining bones. Use that broth with cheap vegetables and cheap rice and cheap beans to make an amazing soup. You can get so much mileage out of a whole chicken!

Sixth, ground turkey. This is a healthy and cheap substitute for ground beef, as you can use it as a substitute in almost any recipe that calls for ground beef. While this is likely the most expensive thing on the list here, it’s still quite cheap and it covers one of the big staples of many American diets in a low cost and healthy way.

Seventh, pasta and tomato sauce. Pasta paired with tomato sauce or diced tomatoes is a great simple meal that almost anyone can make, and it feeds a family quite well and usually provides leftovers. You can get a box of spaghetti, a can of tomato sauce, and a can of diced tomatoes for $4 and it’ll feed a family of five easily.

But how do you make it taste good? That leads us to the next item.

Finally, bulk spices. Alone, all of these options would be bland. Find a store in your area that sells cheap bulk spices (start by checking out ethnic grocers) and get a variety of things to use. Think of dishes you’ve loved, look up how they’re spiced, and then buy those spices. Keep them sealed up so they stay fresh for a long time. Don’t buy those overpriced little jars at the grocery store.

Learn how to cook the “big eight” in a variety of ways. The items above are on this list because they’re inexpensive and very flexible. You can prepare them in a lot of ways. You can spice them in a lot of ways. You can mix and match them in nearly countless ways. The trick is knowing how to do it, and that takes practice and time in the kitchen.

So, the next step here is to simply cook a lot of meals at home focusing on these eight ingredients. Learn how to prepare seasoned rice and vegetables. Learn how to make killer rice and beans. Learn how to make egg drop soup. Learn how to make killer pasta with ground turkey meatballs. Learn how to make hard-boiled eggs for quick breakfasts. It goes on and on and on.

You’ll gain a lot of skills this way and really learn how to use what’s in your kitchen. Cracking eggs and cutting up chicken will become second nature to you. Cooking rice and cooking beans will feel like a nearly automatic task.

When you reach that point, preparing foods at home will begin to feel simpler than going out. Trust me – that’s where I’m at these days. I’d far rather make a bunch of pasta and some steamed vegetables than take my family out to dinner. I’d honestly do it that way if I were single, as I could stow away a bunch of meals in the fridge.

Pick up a few basic helpful tools from the dollar store or Goodwill. At the beginning of this article, I made the assumption that you would likely have only very basic stuff in your kitchen – a stove, a microwave, a couple pots and pans, a knife, plates, bowls, and silverware. There are three other tools that really come in handy when it comes to preparing food at home, and you can get all of them at many Goodwill stores or off of Craigslist for just a few bucks, or at your local dollar store. These are going to save you money, because they save you so much time that they take away the incentive to buy more expensive convenience foods.

A slow cooker enables you to fill it with food in the morning, turn it on low, and come home in the evening to a prepared meal. It works really well for some things – it can make a mean slow cooker lasagna, for example, or soups and stews, or a roast. It doesn’t make everything well. You can find one at most Goodwills or general secondhand stores for just a few bucks. You might want to stop by the library and pick up a book on slow cookers and slow cooker recipes to get started.

A rice cooker is just something I find convenient if you have a lot of meals involving rice. You just put the rice in, put the water in, close the lid, touch a button, and wait twenty minutes and you have perfect rice. It makes rice almost impossible to mess up; rice becomes something so simple that it barely requires any thought at all. Again, you can often find these at secondhand stores for just a few bucks. You may need to find the manual online, which shouldn’t be too hard.

Reusable containers enable you to save leftovers in the fridge after a meal. Smaller containers make it easy to subdivide leftovers into individual meal-sized containers that are perfect for reheating for lunch the next day or for a quick dinner down the road. You can pop most individual meals in the freezer for later thawing and reheating, too. You can find such container quite cheaply at the dollar store, though those tend to warp after a while. Make sure they’re freezer safe before popping them in the freezer and microwave safe before microwaving them!

Figure out which store in your area is the discount grocer and use that grocery store for as much as possible. Another valuable step in keeping the cost of food low is to make sure that you’re buying your food from the store that offers the lowest prices in the area. Some grocers charge higher prices than others and do this by having fancier displays, more open space, and a better location; other grocers charge lower prices, but might have narrower aisles and less attention paid to displays and product selection.

Check out the stores in your area and judge them by their regular prices on staples. Stick with the store that has inexpensive rice and beans and pasta and milk and whole chickens – the kinds of low cost staples that you need to center your diet around if you’re trying to stay healthy and keep costs super low.

Use that grocery store flyer! Make sure that, each and every week, you’re checking out the flyer from that preferred grocery store. The store flyer lists sales that the store has that week, which, if you’re using a discount grocer, means pretty low prices. Use that information.

You can use it to get discounted fruits and vegetables (remember, I mentioned these as a staple earlier). You can use it to identify other ingredients that are exceptionally cheap this week. Remember these. They’re important. Keep reading.

Check other flyers, and use their loss leaders if the deal is good. Don’t just stop with the flyer of your primary grocer, either. If other grocers are convenient to you, check out their flyers, too, and look for loss leaders – items that are exceptionally cheap and intended to attract customers. It may be worth a stop at that store just to pick up the loss leader.

Plan your meals in advance of going to the grocery store, and make a list off of that meal plan. So, you have a bunch of cheap staples that you use to base your meals on. You know a bunch of very inexpensive items that are on sale this week. Maybe you have some odds and ends from the food pantry to boot. What can you do with those things to make meals for the week? That’s the big challenge of eating so cheaply.

Start thinking about how those items fit together. Can you cook some of the fresh vegetables with rice? Can they be turned into a soup? What kinds of neat things can you do with those items that are on sale that’s a bit unusual for you? What on-sale items pair well with the spices you have?

If you’re struggling, type some ingredients into Google or into All Recipes and see what turns up. You might find some interesting combinations that you hadn’t thought of.

As you come up with those meals, start slotting them in throughout the upcoming week. Slot in slow cooker meals or easy meals on nights when you know you’ll be busy in the evening. Slot in meals with a bit more prep work on other nights where you’ll have more time. If you can, plan on doing some of the prep work for later meals on the weekends or on particularly open evenings, so you can just grab some already-sliced peppers (for example) later on when you need them.

Once you’ve figured out meals that cover all of your needs, make a grocery list. Write down everything that you think you might need to make those meals, keeping in mind to not write down the things you already have. If you’re not sure, write it down and check later – you can always cross it off.

Then, when you run off to the store, you actually won’t be there very long. You’ll just be grabbing stuff off your list instead of wandering about (as you would do without a list). Because of that, you’re also less likely to put unplanned items in the cart, which will save you money – the fewer spontaneous items that wind up in your cart, the easier it is to meet that $1.25 per person per meal goal.

Even with all of this information before you, being able to survive and thrive on a very small food budget boils down to one thing: stepping back and being thoughtful about every dime you spend on food. That’s really what all of this is about. It’s about a transition from just grabbing food at the grocery store or the fast food joint or the takeout place to considering where your dollars go in terms of food. It’s about a transition to thinking about your food purchases when you’re outside the heat of the moment – planning ahead, thinking about recipes, choosing healthy and low cost ingredients, setting yourself up to succeed in your kitchen. That’s the key.

You can survive and thrive on a very low food budget. You can feed your family well with surprisingly little. It just requires you to step back and think about things a little and it requires a willingness to do a bit of planning and become a little more proficient in the kitchen.

Good luck!

The post Surviving and Thriving on an Extremely Small Food Budget appeared first on The Simple Dollar.



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Turn your foodie passion into profit

Truffles

From enjoying a glass of velvety red wine to treating yourself to a meal topped with luxurious truffle shavings in a restaurant; we all like the finer things in life, but have you considered investing in them?

Moneywise weighs up the case for investing in truffles and wine.

Investing in truffles

Investing in truffles involves buying trees inoculated with truffle spores directly from truffle farms. These farms harvest and sell the truffles, and then pass on money from sales to investors.

French Truffle Tree is a family-run business based in Charente, France, which offers investors the opportunity to buy between one and 500 oak or hazel trees aged two years or more. This costs from £99 for a single tree plus a £30 annual maintenance charge.

Sharon Hamilton (pictured below), who runs the business with her husband Kevin and son Ben, says they started the black perigord truffle farm after realising their pensions weren’t going to give them the retirement they’d hoped for.


 

Mrs Hamilton says hazel trees produce truffles for about 30 years and oak trees for about 100 years. It takes around four to 10 years before truffles are produced, she adds, but when they do, the average price per kilo is between £700 and £1,200. Mrs Hamilton explains: “We estimate that when a tree starts producing it will be about £30 worth of truffles, hopefully doubling in yield for the first few years and levelling out at about £440 per tree each year.” You can choose to have the truffles shipped to you to or French Truffle Tree can sell them on your behalf, passing on the proceeds.   

Truffle Farms Europe (TFE) is another farm producing truffles. Launched earlier this year, it’s cultivating 26,500 oak trees near Barcelona in Spain to produce black perigord truffles.

Investors can buy from 25 trees up to 500, which costs from £7,836 to £95,745. You receive the price equivalent of 80% of the truffle crop during the life of the 15-year period you must invest for and 50% of the tree sale price. TFE forecasts average annual returns of between 15% and 21% over the 15-year period.

Before investing look out for truffle type. Mrs Hamilton says perigord truffles are the ones favoured by chefs and these don’t grow in the UK due to the climate.  

Investing in wine

The Liv-ex Fine Wine 100 Index, which represents the price movement of 100 of the most sought-after fine wines, shows that prices rose by 18% between May 2012 and July 2017 – proving that wine can be a good long-term investment.

Fine wine investors typically buy and sell bottles via specialist wine merchants, which they store in “bonded” warehouses. This ensures wine is kept in its optimum condition but also means the wine is excluded from import tax, duty and VAT until it leaves the warehouse.     

Berry Bros. & Rudd claims to be the oldest wine and spirit merchant in Britain, having traded from the same shop in London since 1698. It also has an online wine trading platform called BBX (Berry’s Broking Exchange), which enables investors to buy and sell private stocks of wine. BBX charges £1 a bottle per year for storage in its bonded warehouse, which also covers insurance, while it takes a 10% commission from any sales.  

Simon Staples, sales director for fine wine at Berry Bros. & Rudd says: “As a rule of thumb, only ever invest in the top wines of Bordeaux and a handful of wines from Burgundy.”  

Peter Shakeshaft, founder and chief executive of fine wine investment firm Vin-X Limited and founder and director of trade body the Wine Investment Association, adds: “Key factors to influence value will be the producer, the vintage, critics scores, and rarity.”

For more of a guiding hand, Vin-X works with investors to put together portfolios of wine. It takes a 15% management fee, which includes bonded wine storage and insurance.

If you’re buying and selling yourself, ensure you get a good deal by comparing wine prices using specialist comparison website Wine-Searcher.com.

What to watch out for

Investing in tangible assets is risky for several reasons:

  • Your money is illiquid as to access it you need to sell the asset and you may find with truffles that you’re locked in for years or even indefinitely.  
  • These are unregulated markets, so you can’t take a complaint to the Financial Ombudsman Service if something goes wrong, and if a firm fails you’re unlikely to get your money back.
  • These markets can be cyclical and rise and fall in line with trends and other world events, so you need to be prepared to invest for at least five years.
  • As with all investments, you may not get back what you put in and you can lose your original investment.

Make sure you fully understand the risks and the costs involved before handing over any money. Beware fraudsters and cold callers, as David Richardson, regulatory and commercial affairs director at the Wine and Spirit Trade Association, warns: “Alarm bells should ring if you’re offered guarantees of unrealistic returns.”

Minimise risk by doing your research – check for reviews online and if the company is UK-based, check the firm’s details and recent accounts history on Companies House. 

If you’re new to investing, start with our First 50 Funds for beginner investors and set up a portfolio using a variety of different fund types and asset classes before moving on to investing in tangible assets.  Go to http://ift.tt/2kDmmej.

The tax implications

Capital Gains Tax (CGT) is due on profits made when consumers (not traders) sell certain items. You can make £11,300 in profit in the 2017/18 tax year before tax is due – the rate depends on how much tax you pay, the size of the gain, and whether the gain’s from selling property.

However, if you’ve made over the £11,300 threshold, there is an exclusion that may apply called the “chattels exemption”. Under this, tangible assets, including wine and truffles, are exempt from CGT if they’re sold for £6,000 or less.

Income tax is due on money earned over £11,500. Here, the rate depends on how much you earn.  

Investing in foodie funds

An alternative way to invest in food products is to use an ‘Exchange Traded Commodity’ (ETC), a financial product that tracks a specific benchmark or asset and is traded on the stock exchange.

ETF Securities is an investment company that specialises in such products, enabling investors to put their money in ETCs tracking the price of anything from cocoa and coffee to corn, soy, and sugar. However, be warned that performance of individual commodities can be volatile.

Alternatively, you could buy the db x-trackers Stoxx® Europe 600 Food & Beverage UCITS ETF, an exchange traded fund that invests in the largest European companies in the Food & Beverage Sector, with a portfolio including Nestle, Diago, Heineken and Carlsberg.

WIN a truffle tree package

One lucky reader can win a truffle tree package from French Truffle Tree, which includes one truffle tree (your choice of an oak or hazel tree) plus maintenance fees for 10 years. This normally retails for £350. Just email your answer to the following question, putting ‘Truffle tree’ in the subject line, to editorial@moneywise.co.uk by 31 October 2017.   

Where is the French Truffle Tree company located?

A) France B) Germany C) Switzerland

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Moneywise Home Finances Awards 2017: Winners revealed

Moneywise Home Finances Awards 2017

The results are in for this year's Home Finance Awards. Find out the best and the worst of home service providers.

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Investment Doctor: “I’d like to invest £500 a month in a Stocks and Shares Isa”

The Investment Doctor helps a reader looking to invest £500 per month in a Stocks and Shares Isa.

Question: I am investing £100 a month, which is split equally between two US tracker funds - HSBC American Index (C class)* and Vanguard US Equity Index.

My target is to invest a total of £500 each month via a Stocks and Shares Isa wrapper. Looking at Moneywise’s First 50 Funds, I have shortlisted a few funds but I’m not sure how much I should invest in each. The investment is for my children but I would like it to be done through my Isa allowance. 

The funds I’ve shortlisted are: F&C Global Smaller Companies*, Fidelity Index Emerging Markets (W Acc)*, Fidelity Index UK (W Acc) [Moneywise says: We dropped this from our First 50 Fund list in July 2017 in favour of L&G UK Index Trust*], Fidelity Index World (W Acc)*, Malbororough UK Micro-Cap Growth (P Acc )*, Scottish Mortgage Investment Trust*, Stewart Investors Asia Pacific Leaders (B Acc)*, Vanguard Global Small-Cap Index (Acc)*, Vanguard LifeStrategy 80% Equity, and Witan Investment Trust*.  

Initial diagnosis

The combination of funds you’re considering provides a decent geographical spread, according to Juliet Schooling Latter, research director at investment firm Chelsea Financial Services.

“We’d suggest that a substantial weighting to smaller companies investments could be sensible given you are investing for very young children over the long term,” she says.

Monthly investments will also help as they take advantage of pound cost averaging, which results in more shares bought when prices are low and fewer when they’re high.

“Given the sum of money per month is £500, we would suggest a reduced number of funds – a maximum of eight to 10 – as the money would be spread too thinly and the portfolio almost too diversified,” she adds.

It’s also worth revisiting the two existing US funds you hold. “They are tracking very similar indexes and performance is also very similar, as you would expect,” she adds. “You could look at investing in just one and the HSBC fund is cheaper.”

Treatment plan

Peter Sleep, senior investment manager at Seven Investment Management, warns that buying costs can add up.

“Check the terms and conditions of your Isa provider to see whether listed investment trusts or unit trusts are most cost effective,” he says.

He also suggests investing fully in equities as they tend to beat bonds over time, in the same way evidence suggests smaller stocks beat larger ones over the longer-term.

“Vanguard Global Small Cap Index is an excellent core fund for any long-term investor and one I have personally invested in,” he adds.

Diversified treatment plan

Jason Hollands, managing director, business development, at Tilney Group, believes the focus should be on achieving a broad spread.

“Your top priority should be adding exposure to other markets, including the UK, Europe, Asia and Emerging Markets to truly diversify,” he says.

For example, he doesn’t believe it makes sense to narrowly focus on “tiny, illiquid micro-cap” companies in the Marlborough fund mentioned.

“Consider instead a fund like Liontrust Special Situations*, which invests across the full bandwidth of the UK equity market including, large, medium sized and smaller companies,” he says.

He suggests good European options include Jupiter European or Henderson European Focus.

“Stewart Investors Asia Pacific Leaders has a very sizeable position in India, which is the brightest spot of all the major emerging markets,” he adds.

Mr Hollands believes it’s also a mistake to ignore Japan, with the CF Morant Wright Nippon Yield fund being one that he’d consider.

Of course, an alternative to investing in regional funds is buying a truly diversified, global investment strategy that invests across all these markets.

“Foreign & Colonial Investment Trust has diversification to more than 500 companies in 35 countries, including an allocation to private equity funds,” he says.

*Denotes Moneywise First 50 Fund for beginners. 

Rob Griffin writes for The Independent, Sunday Telegraph and Daily Express.

Do you have a question for the Investment Doctor? Email editor@moneywise.co.uk.

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This is How to Save Money Every Single Time You Shop at T.J. Maxx

Hmmm… where should I start?

Those purses look so trendy. Oh! Shoes! But first I need to smell all the candles. Oooh, that skirt is cute…

You just got a glimpse inside my brain as I’m entering a T.J. Maxx.

The swoosh of cold air hitting my face when I walk through those magical doors is almost theraputic, and all I want to do is buy everything because it’s discounted. See the tag? It says I’m saving $20 on these leggings.

Yeah. Discounted. (See No. 5 first.) Even so, it’s easy to rack up a hefty bill at checkout. But just because items are already marked down doesn’t mean you can’t save even more.

We’ve compiled some smart ways to save even more money at this already discounted chain.

10 Ways to Save Even More Money at T.J. Maxx

1. Download This App — Just For Kicks

Shopkick is a free app that rewards you in “kicks” just for venturing into the mecca that is T.J. Maxx. And there’s no purchase — or physical kicking — required.

You’ll earn kicks when you walk through the doors, scan items in-store, purchase something with a connected credit or debit card or take a photo of your receipt.

These kicks can be exchanged for gift cards to a number of retailers, including Amazon, Target, Starbucks and Sephora.

2. Walk Straight to the Clearance Section

Nope. Keep going. Don’t stop to look at that pretty dress on display.

Just because everything in T.J. Maxx is already discounted doesn’t mean there’s not a clearance section. That’s the strategy Hadley Seprish, an account manager here at The Penny Hoarder, employs.

“I can tell you, nine times out of 10, I go to the clearance for dresses as opposed to looking at any of the full sale racks,” she says.

She hardly ever looks at the regularly priced clothes because she knows she can find cute dresses marked down even more. And, hey, those regularly priced items will hit the clearance aisle soon enough.

In order to truly take advantage of the clearance aisle, you need to know a thing or two about T.J. Maxx’s tags. You’ll want to search for the yellow stickers, according to The Krazy Koupon Lady. That indicates the final markdown.

A red tag means the item has been marked down, but it’ll eventually sink lower with that yellow tag.

3. Ask an Associate If the Item Will Soon Go on Sale

I know what you’re thinking: If I wait for these super-adorable dish towels to hit clearance, I’ll be here forever.

We get it. You want it now. In that case, find an associate and ask them if the item will go on sale soon.

Our associate producer Teyonna Edwards used to work at Marshall’s (T.J.’s sister) and is a big fan of T.J. Maxx. She says that when they’d do storewide markdowns, they’d work section by section through the week.

“So something that may be on the markdown list may not have been marked down yet,” Edwards says. “It never hurts to ask!”

And many bloggers say January and July are the best times to shop at T.J. Maxx. That’s when the twice-annual sales occur — if you can wait that long.

4. Nab a $10 Gift Card Before Your Next Trip

If you’re a regular Penny Hoarder, you’ve likely heard of Swagbucks. The online platform allows you to earn Swagbucks (or SBs) for taking surveys and watching videos. These SBs can then be exchanged for gift cards.

Once you earn 1,000 SBs, you can exchange them for a $10 gift card to T.J. Maxx. (Also good for Marshall’s and HomeGoods.)

When you sign up through us, you can snag an additional $10 bonus.

5. Compare Prices

Before you sprint to the checkout line, take a second to compare prices. This can be done with a quick Google search

Sure, T.J. Maxx provides those handy “Compared At” prices, and that’ll probably make your heart beat with glee, but T.J. Maxx defines these prices as:

“…our buying staff’s estimate of the regular, retail price at which a comparable item in finer catalogs, specialty or department stores may have been sold. We buy products from thousands of vendors worldwide, so the item may not be offered by other retailers at the “compare at” price at any particular time or location.”

The retailer then encourages folks to do their own price comparison. (’Cause it’s been sued before.)

6. Inquire About the “Imperfect” Discount

A few weeks ago, I found a set of two pajama bottoms for something like $10. They were light and comfy and had elephants on them. I was thrilled.

Once I got home, though, I realized one pair of the shorts had a rip in the seam. I was so upset because, 1. I can’t sew, and 2. I could have gotten an extra 10% to 20% off, if I’d known. (Or just opted for another pair.)

GoBankingRates reports that if you find anything damaged or irregular that you want, simply ask for an additional discount.

That doesn’t just go for clothing, either. It goes for furniture, décor — you name it. Chances are, it’s minor and something you can fix on your own. Or just go for the whole “distressed” look (unless you can’t sew…).

And, as a side note, items don’t land in T.J. Maxx because they’re damaged in the first place. The Krazy Koupon Lady says only 5% of the store’s inventory is deemed “irregular” (or not what you’d find in Nordstrom, for example).

7. Sign Up For a TJX Rewards Credit Card or TJX Rewards Access

Some shoppers might be iffy on the idea of signing up with the TJX Rewards credit cards because, well, the rewards aren’t super incredible — and it’s just another bill you have to remember to pay off at the end of the month. (Seriously. Pay. That. Bill.)

However, our senior media buyer, Kelsey Buxton, loves the credit card. With it, she snagged a 10% discount on her first purchase. Now, she earns $10 reward certificates for each 1,000 points she earns. (It’s five points per $1 at T.J. Maxx, Marshall’s or HomeGoods.)

If you don’t want to go the credit card route, though, the store also has the “Rewards Access” program. It’s free, and you’ll get free shipping with online orders, plus earn an entry into the store’s monthly $100 gift card sweepstakes each time you buy something.

8. Don’t Be Afraid to Say You’re 55+

A senior discount will depend on your store and location, but it never hurts to ask.

At my go-to location here in Florida, seniors, or those who are 55 or older (really, is that a senior?!), can score 10% off on Mondays.

9. Pay With a Discounted Gift Card

OK, this isn’t as sketchy as it sounds. There are tons of sites out there that sell discounted gift cards, including Raise.

Right now, you can grab a gift card that’ll save you up to 6.8%. That’s a gift card valued at $109.08 that’s selling for $101.67.

Nope, this won’t grant you any insane savings, but it’s better than nothing!

Plus, you can get an extra $5 off when you make a purchase of $50 or more.

10. Enter The Monthly Sweepstakes or Contests

If you have any sort of luck, you just might want to take the time to do this because a $500 gift card is on the line.

No purchase is necessary to enter, according to the sweepstakes rules. However, it asks for the survey number at the bottom of your receipt, so that sounds like a purchase to me.

Anyway, each month a winner receives a $500 gift card, which is good for, like, five shopping sprees?

Carson Kohler (@CarsonKohler) is a junior writer at The Penny Hoarder. She loves buying luggage, stationery, skincare products and even food items from T.J. Maxx.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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How Job Hopping Helped Me Switch Careers and Earn a 39% Raise in Months

I never intended to be a job hopper. I just couldn’t find the right job for me.

I was the first in my family to graduate from college. They didn’t mind that I pursued a film degree or that I lacked real-world skills. They weren’t concerned about my chosen path at all. They were just happy to watch me walk across the stage and get my diploma.

During and after college I did work in the film industry, but the long hours and low pay quickly led to burnout. With no other marketable skills or knowledge — and a competitive job market — I felt lost. I worked as a barista while I figured out my next move.

During a Sunday morning shift I saw an ad on the back of a newspaper: An insurance company was holding a career fair and was going to hire more than 200 employees for their call center. Luckily, I arrived early enough to snag an interview and was offered a job a few days later.

Nearly two years after graduation, I finally had a full-time job, complete with a salary of $33,000 plus benefits.

Working at a call center with row after row of cubicles paid the bills but was not ideal; I knew right away that this job was not going to work out for me in the long run.

Around the same time, my then-boyfriend-now-husband’s band was performing regularly and becoming more successful, but their online presence was small. I volunteered to post their upcoming shows on social media to help them out, and we quickly began to see some results.

After 15 months at the call center, I left to process retirement benefits for a government agency. Now I had a salary of $36,000, and the benefits were even better.

But, I always found myself wanting to learn more about marketing. I read books, listened to podcasts, learned Google Analytics – it was something I did in my free time because I was genuinely interested.

Meanwhile, I kept doing work for the band. I taped shows and shared the videos online. I wanted to create an email newsletter, so I learned how to use MailChimp and got fans to subscribe.

I did all of this for over a year before realizing I could turn this into a full-time job.

Making the Career Change

Getting an entry-level marketing job without relevant internship experience seemed impossible. I did manage to get a few phone interviews but never advanced any further. So, after months of applications (and rejections), I began to explore paid internships.

I knew that I needed to make an impression if I wanted to get a company’s attention. Most job seekers apply for jobs online, so I chose to do the opposite. I mailed my resume, cover letter, and some work samples to a small agency.

My cover letter explained my interest in marketing, why I wanted a career change, that I wanted to take the intern role so that I could get real-world experience and that I wanted to work full time – no long-term obligation required. In exchange, I offered my video production experience and included samples of my work.

The owner of the agency emailed me and said she loved my “tenacity.” Sixteen months into my government job, the agency offered me a full-time intern role for $12 per hour.

“Luck is what happens when preparation meets opportunity.”

While interning, I knew I had a short amount of time to find a permanent, full-time job, and my savings were depleting. I made a list of ways I could earn more money if this move didn’t work out. I was ready to donate plasma, apply for any barista job or even sign up for a medical study. If I could sell my soul, I would have done it.

I kept my LinkedIn profile up to date. Every blog post I wrote, skill I learned, notable accomplishment went on my profile. I wrote a summary explaining my experience and what I was looking for. I applied for every job opportunity I came across.

Then something unexpected happened: A hiring manager reached out to me.

All of that work I put into LinkedIn paid off. They needed a full-time contractor and came across my profile in the search results. Ten months later, I became a full-time employee.

In 14 months, I went from earning a salary of $36,000 to $50,000 – a 39% increase – in a role I wanted to work in.

Since then, I’ve hopped twice more to land the dream job that I have today.

Each previous job has given me an advantage and increased my income potential: my insurance and personal finance knowledge gave me real-world experience in complicated industries. My two-plus years of agency experience is often a requirement for marketing jobs. Video has also become huge in the content marketing world, so my film degree turned out to be an asset after all.

How to Use Job Hopping to Make a Career Change

Here’s what you can do to leverage your work experience to transition into a new career.

Build Your Portfolio

Volunteer your spare time, and your effort will pay off. Create work samples. If you want to write, start a blog and write. If you want to be a developer, learn to code and build an app.

Do Your Research

Research companies that offer paid internships or entry-level positions, and state your case. Recruiters and hiring managers will want to know why someone with years of experience wants to be considered for a lower-level role.

Be Willing to Make Sacrifices

Don’t expect to get paid the same amount you were making at your previous job. Make sure you have savings (and a plan b) to relieve some of the financial stress.

Make Them an Offer They Can’t Refuse

What will you bring to the table? This is your opportunity to stand out. If you have work experience, then you have something to offer.

Never Stop Learning

Get free training online. Audit classes on Coursera. Learn about Facebook advertising with Blueprint. Tackle coding with CodeAcademy. Add these new skills to your resume, too.

You, too, can make a career change. All it takes is patience, proper planning and a smidge of courage.

Cristy Salinas (@lacristysalinas) is a content strategist and improviser in Austin, Texas. When she’s not writing, you can find her at a comedy theatre or binge-watching Fixer Upper (again!) with her two cats.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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Why are They Smiling? They Have the Happiest Jobs in America

Imagine someone asks you what would make you a happier employee. I’d wager that a fair amount of respondents would say, “More money.” While that is often true, research indicates there is far more than salary that dictates how happy you’ll be at your job.

For me, job happiness has always been about pursuing something I’m passionate about and using my talents to make a difference in the world. In my role as an editor at a consulting firm whose mission is to create better experiences for consumers — and in my role as a freelance writer — I feel like I’ve ticked both boxes.

In general, researchers have found a few common themes that lead to higher overall job satisfaction. Joan Lloyd of JobDig.com cites freedom at work, being listened to and feeling cared for as important factors of job satisfaction; she also hits on “mission-driven work,” which was at the top of my own list. A survey from the Society for Human Resource Management also lists aspects like job security, opportunities to flex one’s skills and the relationship with the boss as important drivers.

There are plenty of jobs that meet these and other happiness requirements, such as stress-free environments, good benefits and a rewarding field (creative and educational roles top the list). However, there are also jobs that just simply can’t satisfy large portions of the American workforce. If you are considering a new job, you will likely want to forge a path within a more satisfying career.

What are those satisfying jobs? For 2017, CareerBliss examined thousands of reviews and data points covering management style, workplace culture, environment and rewards to determine the happiest jobs and unhappiest jobs in America; each job received a “BlissScore” out of 5. Below are the top ten happiest ones.

10. Network Administration

It’s no secret that computers fuel business in the 21st century. Network administrators, who are responsible for the day-to-day operation of these computers, are thus in high demand across all industries and are highly regarded within their companies.

  • PayScale.com’s reported median salary: About $56,000
  • BlissScore: 3.484 out of 5

9. Senior Engineer

Senior engineer is a broad term and could refer to software, mechanical, systems, electrical or project, to name a few areas. Because these engineers are highly skilled and in high demand, they enjoy great respect within their companies and typically find fulfillment in their day-to-day. The salary below reflects that of a senior systems engineer.

  • PayScale.com’s reported median salary: about $101,000
  • BlissScore: 3.507 out of 5

8.  Technical Lead

Technical lead is also a broad term, sometimes called lead programmer or something similar. In general, these are coders who have taken on new responsibilities of project management, enabling them to leverage their coding skills while working with others to solve problems at a larger scale. The satisfaction here likely comes from the nature of the job; as Dan Abel writes for Engineering And Careering, “It’s still in a ‘doing’ role — remaining great at being able to get stuff done and helping others do the same.”

  • PayScale.com’s reported median salary: about $90,000
  • BlissScore: 3.539 out of 5

7. QA Analyst

QA analysts, who test software, websites and products in search of problems, scored well with CareerBliss, but they also scored extremely well (second from the top) in a Business Insider survey a few years back. What is it that makes this role so loveable? Business Insider believes it’s a mixture of good bosses and colleagues, as well as work freedom.

  • PayScale.com’s reported median salary: about $54,000
  • BlissScore: 3.545 out of 5

6. Directional Driller

Directional drillers use specialized equipment and skills to drill and extract oil. They love what they do so much so that the occupation currently boasts 4.5 stars out of 5 on Indeed.com. Common themes among the reviews include a challenging career field, opportunities for travel and advancement, honing of skills and, of course, good pay.

  • BlissScore: 3.592 out of 5

5. Director of Marketing

With the advent of digital and social communications, marketing is a hot career field right now, and the directors in that field are at the top seat. I spoke with Brad Highland, Director of Digital Marketing at Naked Lime Marketing, to see what he found so appealing about his job.

“I enjoy execution and the positive impact it can have on the client, the team and the employee. This doesn’t happen by chance. Planning, teamwork and creativity are just a few of the ingredients.”

Those ingredients, according to Brad, make the job rewarding for directors and for the teams they lead.

He added, “I enjoy seeing teams come together and achieve common goals. My role is to guide and serve and to challenge individuals and teams to push hard every day toward achieving those goals.”

  • PayScale.com’s reported median salary: about $83,000
  • BlissScore: 3.616 out of 5

4. .NET Developer

.NET developers are in highly technical job roles and are intimately familiar with .NET languages and .NET stacks. These developers are likely so happy because they excel in highly specialized roles that are suited to their passions, such as interacting with computers, solving problems and researching information.

  • PayScale.com’s reported median salary: about $68,000
  • BlissScore: 3.645 out of 5

3. Graduate Teaching Assistant

Teaching assistants nabbed the top spot on the 2014 Business Insider survey, a sign that these workers continue to be happy year after year. I caught up with Stacie Covington, a former teaching assistant at the University of Dayton, to talk about her experience in the role.

“As a graduate teaching assistant, I presented at academic conferences, co-taught courses with faculty, designed my own class, and taught the class I designed during my second year,” Stacie explained. “I loved having the opportunity to get firsthand teaching experience using my own course theme and establish myself as a professional in the discipline while still working on my graduate degree.”

But the most rewarding aspect? “The camaraderie among my TA cohorts: since we were all serving dual roles as teachers and students in the university, we were not just coworkers, but also classmates and friends.”

  • PayScale.com’s reported median salary: about $20,000
  • BlissScore: 3.675 out of 5

2. Recruiter

“I love helping people find the right role for them and watching them grow their career,” says Abigail Smith, who has been a talent acquisition specialist for Forrester Research for several years. According to Abigail, it’s the personal connections she gets to make with people — and her opportunities to help them be happy and successful — that make her happy and successful.

“We just opened a new office in Nashville, and recruiting the right people is crucial for the company and its culture,” Abigail told me. “We have established a unique culture with amazing people here in Nashville, and I gain a lot of happiness from that.”

  • PayScale.com’s reported median salary: about $48,000
  • BlissScore: 3.679 out of 5

1. Marketing Specialist

The number one happiest job in America right now is that of a marketing specialist, which is good news for college grads who studied business and marketing. Marketing specialists are often entry-level jobs, which means that fresh-faced workers can find plenty of opportunities to grow within a company and the industry. It also allows for a number of lateral moves, such as internal to customer-facing or traditional to digital.

Travis Sink, an SEO Marketing Specialist at GravityFree, told me why he loves his job so much: “The different types of companies and websites I work with everyday keep work exciting and challenging, while working 100% online gives me the freedom to work from home or on the road when I need to. This allows me to have an exceptional balance between work and home life that you just can’t find in most fields of work.”

Travis also told me that he enjoys the “work-hard, play-hard mentality” and “good friends” he has come across in the industry. As someone who worked with Travis years ago, I’m telling myself he means me.

  • PayScale.com’s reported median salary: about $50,000
  • BlissScore: 3.757 out of 5

Job happiness and satisfaction are not a science, and they are never a guarantee. I subscribe to the belief that you get out of something what you put into it. Still, these ten fields seem to spark some passion and happiness in a good portion of their workforces that can’t be denied. If you’re looking for a similar spark, one of these jobs might be a good place to start.

Timothy Moore works happily as a full-time editor and freelance writer based in Nashville. He thinks his jobs are pretty cool.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



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Start a Holiday Gift Closet Now So You Can Avoid Black Friday

Holiday shopping is projected to rise 3.6% this year, noticeably more than the average 2.5% gain of the past decade. According to the National Retail Federation, U.S. consumers will be spending $655.8 billion in 2017.

It’s no secret that some people bust their budgets December. A 2016 survey by T. Rowe Price noted that almost two-thirds of parents buy more than they can afford. In some cases this probably doesn’t mean simply incurring seasonal debt, but rather adding to existing obligations. Ho, ho, no!

You don’t have to play this game. Frugal living expert Erin Huffstetler spends no more than $100 out of pocket to buy gifts for about three dozen people, and has done so for the past 16 years. Well, except for 2012, when she spent nothing at all.

She doesn’t give junk, either. Among the presents under the tree last year were a flag football set, a set of beaded bracelets, superhero T-shirts, Craftsman tools, and a slew of other items mentioned throughout this article.

“Spending less on gifts doesn’t have to mean giving things that aren’t as nice,” says Huffstetler.

“Being smart with your money isn’t something you should ever apologize for. I enjoy telling people where I got their gift – even if that story includes a thrift store.”

Like many other frugal folks, Huffstetler is a year-round deal hound who keeps an ever-stocked gift closet. They start their shopping at post-holiday clearance sales, watch the summer yard-sale and autumn rummage-sale seasons, take advantage of coupons and special promotions, cash in rewards points and keep an eye out for free stuff all year long.

It’s a little late to be that prepared. But look at it this way: You’ve still got almost three months to get creative about paying – or not paying – for this year’s Christmas presents.

Bonus: The holiday gift closet can often be an “evergreen” gift closet — i.e., you can pull from it throughout the year for birthdays and other special occasions.

Three year-round sources for free gifts

Buy Nothing Day, a movement described as “an international protest against consumerism,” is in the news every year right before Black Friday. What you might not know about is the existence of Buy Nothing groups on Facebook. Members have the option of giving away items and asking for things they need; some also share services such as tutoring and music lessons.

No guarantees that you’ll find exactly what you need; then again, someone might be offloading the holiday present(s) of your dreams. Visit BuyNothingProject.org to find a Buy Nothing Facebook group in your region. The site also has information on starting your own group.

These groups sound a lot like the Freecycle Network and the “free” section of Craiglist, two other potential options for getting gratis gifts. Again, you might not find what you need – but then again, you might. Obviously you wouldn’t want to give a gift that’s seen hard use; however, some items being given away via Buy Nothing and Freecycle are in great condition.

Previous use might not matter at all. While a member of Seattle Freecycle, I listed a CD of “The Nutcracker.” The single mom who picked it up had a young daughter taking ballet lessons. At age 4, the little girl didn’t really care that someone else had already listened to the CD. Your recipients might feel the same way about things like books, sporting equipment, and tubs of Lego bricks. It’s new to them, right?

More free stuff

Huffstetler is a big fan of the Shop Your Way program at Sears, which gives points for purchases. She cashed in last year for a faux fur throw for her daughter (“at the top of her Christmas wish list”), hiking boots for her husband, fleece pajamas, a Craftsman socket wrench set, a couple of LED flashlights, a toolbox, and some reindeer socks. (After all, it isn’t really Christmas unless someone gives you socks or underwear.)

Armed with a “$10 off a $10 purchase” coupon from J.C. Penney, she scored a pretty floral-printed top for her teenage daughter for just 19 cents. Not free, but pretty darned close. The moral of the story: Don’t throw away sales flyers without reading them first.

She also scored some free items, such as socks and leggings, through the CVS ExtraCare program. My state has no CVS, but Walgreens offers some freebies throughout the year and quite a few on Black Friday; these items make great stocking stuffers or small gifts.

The Kroger chain has a “Free Friday Download” each week. Some are perishable items and some go to a church food bank, but I save fun ones like beef jerky and sour gummy worms, for stocking stuffers or gift bags I create for my nephews’ birthdays. (I like to give five or six smaller items vs. one big gift.)

A few other options:

Library giveaways. Every so often I find stacks of books on the “free” shelf at my city’s main library. Some are discards from the collection; others are apparently titles donated by residents. I wouldn’t give the former as a gift, as they’re somewhat tattered and also prominently marked “discarded.” But I’ve found some wonderful novels that for whatever reason were put up for grabs rather than kept for the book sale. Some have been in such good condition that they landed in my gift closet after I’d read them.

Gift swaps. Invite friends over for an afternoon or evening of trading new or like-new items. Nothing junky, just items that weren’t the right fit: the scented candle from a co-worker who didn’t know about your fragrance allergy, say, or clothing in the wrong (for them) color. Heck, I once heard about a vegetarian who got a gift card to a steakhouse.
(Pro tip: Don’t put out anything given to you by one of the attendees!)

Judicious regifting. Last year someone gave me a compendium of “The Walking Dead” graphic novels. One reading was enough for me; after that the book went into my gift closet (a teenage relative is a fan). At a conference I received a gift card to a restaurant chain that I’m lukewarm about; it made the perfect gift for someone on my list. Or maybe someone gave you an item that you already own, so why not give it to someone else?

Paying less – maybe a lot less – for gifts

Determined to buy new? Know what things usually cost, and when you see a great deal, either jump on it or use price matching. Christina Hiatt Brown, the former writer for the Northern Cheapskate blog, wanted to get a Lego Minecraft set for her sons. It was expensive (about $100), but the only gift the three kids had specifically requested.

When it went on sale at Walmart for $36.97 Brown was ready to jump – but the store had sold out. So she took the sales flyer over to Target, which offers price matching. “I got my boys the (one) present they wanted for more than $60 off the retail price,” says Brown, a freelance writer who specializes in smart money use.

Watch for “clearance” tags and/or tables at your favorite retailers. Sometimes all you find is seasonal stuff they’re desperate to be rid of, but these can become elements of a themed gift. (For example, you could fill a bag with sidewalk chalk, wiffle ball set, kite, jump rope, and bubbles, and call it a “springtime fun kit.”) But sometimes even non-seasonal items like toys, tools, clothing, and housewares are marked way, way down.

  • Pro tip: Online retailers often have clearance sections, too.

Keep your eyes open for other specials or short-term deals, too. That flag football set Huffstetler bought for one of her kids was originally about $70, but she paid $2 for it in a “grab-bag” promotion at Michael’s. Other grab-bag finds were a coloring canvas, crafts supplies, and two blank journals, each of which cost a dime.

Although the yard sale season has pretty much wound down in much of the country, you might live in an area where they go on year-round. Or maybe they have church- or school-sponsored autumn rummage sales in your region.
The offerings vary widely, but I’ve found new, still-in-the-shrink-wrap items like art journals and candles that make great evergreen gifts. Huffstetler paid $1 for a like-new shirt with her daughter’s high school logo, 50 cents for an owl-themed water bottle, and just a quarter each for an “infinity scarf” and a Girl Scout journal.

  • Pro tip: Look for multi-family sales, possibly with a free app like Garage Sales Tracker.

Thrift stores are like yard sales in that you may find great stuff or you may find nothing at all. Again, you could luck out enormously, especially with regard to books, kitchenware, and baby items. Huffstetler found a brand-new Coach scarf for 50 cents at Goodwill. My best deal ever was a never-opened jigsaw puzzle of a detail of the Sistine Chapel ceiling, perfect for a puzzle-mad relative – and since it was half-price day, I paid just 35 cents.

Know your recipients! Some people might be super-conscious about secondhand gifts, while others don’t care. When Brown’s sons asked for MP3 players, she bought “gently used” iPod Shuffles, complete with new headphones and chargers, for about $15 each at GameStop.

“Here’s the thing: No one has to know you got an item on the cheap unless you tell them,” she says. “The real value is in the thought you’ve put into the gift – not the final price.”

Cashing in

Rewards programs like MyPoints.com and Swagbucks.com pay for a lot of my birthday and holiday gifts. You earn points through activities like using their search engines, watching videos, and shopping online.

I also cash in points from my two rewards credit cards, which covers just about everything else. If you’re going to use credit responsibly, why not get something back?

You can use these rewards programs and/or rewards credit cards in three ways:

  • Cash in for gift cards to pay for your shopping.
  • Cash in for gift cards to give outright.
  • Shop carefully, then convert rewards points to cash against your next credit card bill.

Some workplaces or health insurance companies offer incentives to stay healthy. Diedra Howson-Barker and her husband earn gift cards for holiday shopping through the family health insurance plan. They can claim up to $600 worth per year by getting annual checkups, working with health coaches and committing to exercise programs.

“If someone has this arrangement and has kind of fallen off the (health) wagon, anticipating Christmas is a reason to get back on,” says the New York resident.

Check with your own insurance and also the human resources department of your workplace to see if you have access to a similar benefit.

Thinking outside the (gift) box

An entire separate article could be written about rethinking the rules for giving. For example, why not give a family gift instead of individual ones? Giving a museum or zoo pass to a family of five might be more cost-effective than buying three children’s presents and one couple’s gift. (Not to mention it shifts the focus from “stuff” to shared experiences.)

Extended-family gatherings might include drawing names in advance, so that each person would be responsible for only one gift instead of a couple dozen. You could change the rules of engagement, e.g., “Gifts only for those under 18 or over 80.” Or you could suggest opting out of gift-giving entirely and make the big gathering about togetherness vs. acquisition.

Gift-giving isn’t mandated, but it’s a meaningful tradition to a lot of people. Yet your holidays shouldn’t drag you into debt or add to existing debt. Use some of these tactics all year long and next Christmas could be the merriest – and the most solvent – holiday ever.

Related Reading:

Veteran personal finance writer Donna Freedman is the author of “Your Playbook for Tough Times: Living Large on Small Change, for the Short Term or the Long Haul” and “Your Playbook for Tough Times, Vol. 2: Needs AND Wants Edition.”

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