At the start of a new year, many of us have the goal of stretching our hard earned money further.
Some money saving tips are so time consuming, that I wonder if the money saved is actually worth the time involved.
But hair cutting is truly a money saving activity.
I started cutting Ed's hair before our marriage. He wanted me to do it for him and I figured it was a good time to start. If I messed it up, he couldn't get too angry with his soon-to-be-bride. My mom cut my dad and brother's hair so I used her clippers and she helped me through the first several haircuts. I had no idea what I was doing but thankfully, Ed has curly easy to cut hair.
When we had our own sons, we decided it was time to purchase our own haircutting tools. We bought a Wahl electric trimmers and a pair of scissors. We figured the investment paid for itself with only a couple haircuts.
I can cut my two sons and husband's hair in fifteen minutes, including clean up time. It would take about that much time for us to drive to a barber, not including wait time and the return home. If each haircut would cost $10.00, those fifteen minutes of my time save $30.00. I call that a worthwhile investment of time. If there were twelve males in my household and I could keep up the five minute haircuts, I could "make" $120.00 in an hour.
If I give three haircuts a month, my year savings is $360.00. My total time investment is three hours. (Even better, Ed calls this my book buying money!)
I would love to hear your best tip for saving money. What do you do to stretch your dollars and how much time to you estimate it to take?