When JCPenney killed off its traditional Big Book catalog last year, the result was a drop in sales on its website, says the retailer’s chairman. Based on that successful strategy–wait, what?–JCPenney says it’s killing off its remaining 12 specialty catalogs as well. Instead, it will start mailing out thinner “look books,” which will contain a subset of merchandise and no prices. [More]
Ultra-cheap discounter Dollar Tree has turned off the in-store music in all of its stores, citing cost issues. On the company’s Facebook page, shoppers keep complaining that the company is being too cheap (many don’t seem to know about licensing fees for music), but Dollar Tree’s official response is that it freed up expenses to keep prices low. [More]
We’ve posted before about how to break your cable habit without giving up on TV altogether–it’s possible, but can’t happen without some work on your end. This week, the New York Times’ Nick Bilton explained how he and his wife have combined their existing devices with a few new ones to create a content stream that enables them to watch what they want without cable. [More]
Over at the Mint blog they’ve posted a list of 10 ways to reduce your car insurance premium. You’ll want to contact your current insurer and ask some questions, like whether they offer a discount for paying up front, or if they’ll cut you a deal for being a long-term customer.
Kiplinger has put together a list of ways to reduce costs for auto, home, and life insurance. For auto and homeowners insurance, boosting your deductible from $250 to $1000 can lower your premiums between 15-25%. If you haven’t looked at your life insurance policy in a while, don’t wait any longer to shop around—rates have “dropped significantly” over the past 15 years but are now on the rise. And when calculating homeowners insurance, don’t fall into the market value trap: make sure you’re covering the true cost of replacing only the home and what’s inside, not the value of the land.
We’re not sure if this is the start of a trend or just some very creative cost-cutting by a few companies, but Business Insurance notes that some self-insured firms are now sending their employees to other states to save money on medical procedures.
Private school: $32,000 a year per student. Mortgage: $96,000 a year. Co-op maintenance fee: $96,000 a year. Nanny: $45,000 a year. We are already at $269,000, and we haven’t even gotten to taxes yet.
Let’s say that like so many storied former-investment-banking-giants, you, the average consumer, have found yourself over-leveraged (wink, wink) and are looking to clean up your act before the whole thing falls down around you like the house of cards it is. Well, since you can’t increase revenue at will, you’ll have to decrease your costs. Where should you start? Here are 5 expenses that you can cut right now — so you can take the extra cash and throw it at your debt.
Kiplinger tries to help you save money on your next airline “flight”—we have to put quotation marks around that word now, since the prospect of actually getting up in the air seems purely hypothetical at this point—with their latest travel article. A lot of the advice boils down to, “Find out what each airline charges extra for, then choose a different airline,” but it’s helpful to have everything in one article for a quick reference.