How to Save Money on a Tight Budget – Use Your Job Perks

Do you frequent the ‘sale’ racks?  If you are like most Americans, you probably love free and cheap things. But clipping coupons and searching the web for the best prices can be both time consuming and frustrating. So what if I told you how to save money on a tight budget by finding freebies and good deals on many everyday purchases takes almost zero effort on your part? Does this sound too good to be true?

Well, good news! If you work for a large corporation, chances are you have access to hundreds of great deals that could help you save hundreds of dollars each year (and potentially earn). While you might be aware of discounts on gym memberships and deals on electronics, many employers also offer invaluable services and financial programs that many people do not take advantage of.

So next time you need a break at work, instead of logging on to Facebook or Twitter, consider doing some research into the many freebies and perks that your employer offers. Here are five perks you should look into:

1.  Discounts

In addition to discounted gym memberships, many employers offer discounts to major retailers and even have special employee pricing on computers, TVs and home appliances. You may even receive discounts on tickets to concerts and local amusement parks and museums.

2.  401K Matching

While not necessarily a discount, most employers offer some type of matching program which means free money! Although the amount of the match varies by company, contributions to your 401(k) are generally exempt from taxes and are a great way to start saving early for retirement.

3.  Stock-Purchasing Programs

If you work for a publically traded company, you might be able purchase stock at a discount. However, before you invest your savings in company stock (or any stock for that matter), you should always do your research.

4. Health/ Wellness Services

In addition to health insurance, many companies also provide health and wellness screenings as well as access to hotlines where you can talk to dieticians, nutritionists and other healthcare specialists to help you lose weight, quit smoking and deal with any health concerns you may have.

5. Training/ Self-Improvement Seminars

Most companies prove classes and seminars on skills that are both relevant to your current job and will set you apart from others at future jobs. These classes, which range from Excel or PowerPoint classes to time management, generally cost hundreds (if not thousands) of dollars but if you show that you can make a business case for the class, most companies will foot the bill. Many companies will also pay for you to take a class at a local university or college if it is relevant to your job. So if you are itching to learn something new, you should talk to your manager about this. Showing initiative and eagerness to learn new things will also reflect well on your performance reviews.

KathyD is a guest blogger. In exchange for sharing this content, has compensated her via cash payment.