Stores encourage us to "stock up and save" even though it's illogical to believe that spending money on products we won't be using for a few (or several) weeks or months is helping us financially.
So, on this January 4, I encourage you to start looking at some of the products you stock up on and consider how you can save money by working down your supply.
Today's action - Inventory your paper goods – facial tissue, toilet paper, paper towel, napkins, etc. Decide how much you need to keep on hand to feel comfortable (no one wants to count toilet paper squares because they’re running out) and work down any expansive inventories in the week or months ahead.
You’ll save money by not buying things you won’t use for months. (It’s okay to skip a sale if you already have the items on hand. There will be sales in the future.) Keep like items grouped together so it’s easier to see what you have.
Only you can decide on the quantities you want to have available - a retired couple will have different needs than a young family of five.