TMR Tip: Renew Your Magazines Carefully

One of the best money-saving tips I live by, and suggest to others, is to subscribe only to the magazines that we actually read. I’m guilty of continuing to pay for magazines that do nothing but collect dust or act as a drink coaster until I finally get sick of the clutter and cancel it. Then, out of guilt for being so wasteful, I go through them all and pull out the few pages I really want to keep.

Then I ask myself why I have all of these magazines in the first place. I mean, why do I continue to get them when I don’t read them anymore? Well, it’s because I haven’t paid attention to the renewal notices.

Then again, I don’t remember getting any. I don’t remember being annoyed by all of the letters or emails reminding me that my subscription is due or that I’ll be charged on a certain date so that I can get ‘uninterrupted service’.

Then, one day, hubby comes in with the mail and shows me an over-sized postcard (that looks a LOT like junk mail) informing us that our magazine will be renewed automatically unless we call by a certain date. But what really caught my eye was the fact that it stated, “For your convenience, we will continue to ensure that you don’t receive extra unwanted mail – the multiple renewal notices and bills that normally come with a subscription.” It goes on to describe its “hassle-free subscription” guarantee . . . “no bills, publisher renewal notices and no telemarketer calls”. In other words, you get ONE notice per year and that’s it. And because it’s printed on a big, rather nondescript, postcard that does NOT have your name, nor that of the magazine, on the front, it’s easy to pass it off as junk mail and toss it into the recycling bin. And there goes your notice. And you probably won’t think about it until you see the charge on your credit card statement a couple of months later. (And some of you might be thinking, “Maybe I’d better actually look at my statement!”)

The other thing that I noticed was the renewal price. We originally ordered the magazine because there was a special offer: $12 per year for six issues. Ok. That’s $2 an issue. Not bad considering what we would pay at the checkout counter. Now, this postcard boasts “huge savings off the newsstand price” at $29 per year. Well now, let me get my calculator . . . that’s $4.83 per issue. The magazine itself shows a price of $4.99. That’s a difference of 16¢ an issue. I’m no math genius, but that’s not huge savings. And this postcard says they guarantee “substantial” savings.

I think not.

So, hubby and I decided not to renew. Besides, we weren’t really reading it anymore. It was time. When I called to cancel, and selected that option from the menu, I fully expected to speak to a person who would do everything they could to get us to stay.

Nope.

It was all automated. And oh! what a surprise . . . I was randomly selected to receive the magazine for just $12 per year. Would I like to continue my subscription? No. Would I like a complimentary issue to peruse before I make my final decision? No. Would I like one of the other wonderful magazines that are offered at an unbelievably low rate? No. Sigh. I didn’t know if it was better or worse than talking to an actual human, but in any case, my subscription was finally canceled and I was free to go about my day.

So, here are a few things to consider if you receive magazines:

  1. Check the front of the magazine for a date or code that will let you know when your subscription will end. Usually it’s somewhere near, or above, your name and address.
  2. Make sure you know how much you paid for the initial subscription and compare it to what is being offered in order to continue.
  3. If you decide you want to continue, but don’t want to pay the full price, contact the magazine and see if they’ll offer the same rate as before or at least something better than newsstand price. If they want your business, they’ll usually make some kind of deal with you.

Magazines are a great way to stay current with whatever interests you, and there are so many titles to choose from, which gives the consumer the upper hand when it comes to finding a good deal on a subscription. (In other words, if one won’t give you a good deal, you can go somewhere else . . .) But if you’re on the fence about continuing, just ask yourself how long you’ve had the subscription, how often you actually pick it up and read it, if it’s worth the price you’re paying, and if you’re getting the same enjoyment and information out of it as you did in the beginning. Just make sure that, if you decide to keep it, you watch the mail for that junk-mail-looking postcard and then do the math to make sure you get a good deal.

TMR Tip: Get Back to School for Less

Ah yes . . . just when summer really gets rolling, it comes to an abrupt halt. Time for school!

And back-to-school shopping.

That task alone is enough to send some of us into hiding. Or a panic. I, personally, don’t like shopping of any kind. My motto: Get in, get it, and get out! Which is why I’m always looking for shortcuts. You too? These tips might help . . .

  1. Figure out what you actually need. My kids sort all their unused supplies and check them against their new supply lists. They highlight only the things that they need. That instantly reduces how much I’m going to spend at the store. Why buy things we already have?
  2. Check out all the ads. Every retailer has deals on school supplies. Glance through the ads to find the best prices. (By the way, Gregory Karp of the Chicago Tribune says that if a store puts a limit on how many you can buy, then it’s a really good deal.)
  3. Spread it out. I usually favor the once-and-done tactic, but if I find a great deal at another time, I buy it. Not everything goes on sale the same week and some weeks I can find better deals than others. You just need to keep an eye out for them.
  4. Use coupons and/or discounts. Whether you clip coupons or subscribe to a retailer’s email program, use them to your advantage. Find the best deal, then break out the discounts.
  5. Look where you least expect to find a deal. Karp suggests looking at places that aren’t on the typical back-to-school radar. He says places like Menards can have awesome deals on supplies that end up being free after the rebate.
  6. Take advantage of your smartphone. There’s at least one app (and I’m sure a few more) that lets you scan the bar code on an item and instantly compare prices as you’re standing in the store. My hubby thinks this is really cool and has a little too much fun with it.
  7. Get it tax-free. Many retailers are offering “tax-free” days. You can load up on school supplies and save money simply by not paying sales tax. Check the papers and online ads to find out which stores participate.

Hopefully these tips will help alleviate some of the anxiety that comes with shopping for school supplies – and clothes, for that matter. Apply these same strategies when trying to dress your children for the next big step. Happy shopping!