CR’s staff and readers offer tactics like reusing plastic grocery bags instead of buying bin liners to save money

YONKERS, NY — With bad economic news everywhere — plunging 401(k)s, credit card rates increasing even for people who pay their bills on time, layoffs — Consumer Reports asked its staff and readers for tips on how to squeeze a nickel.

The tips, featured in CR’s June issue, cover the gamut from how to save on traveling, entertainment, household repairs, groceries, reducing monthly bills, and more.

“These tips show that it’s important to be creative when trying to cope with the recession,” said Kim Kleman, Editor-in-Chief, Consumer Reports. “Following Consumer Reports’ tips can help people put a little back into their wallets during these difficult times.” 

The complete report, “How to squeeze a nickel,” is available in the June issue of Consumer Reports, on newsstands May 5 and online at www.ConsumerReports.org.

Here is a sampling of some of the tips:

• The Web site www.billshrink.com can help you analyze your cell-phone bill to determine whether you’ll save money with a different plan.
• Call up your Internet, phone, and cable companies and try to get a better deal. It could cut your bill in half.
• Many plumbing fixtures have a lifetime warranty. Try calling to get parts sent for free.
• Rent an apartment when you’re on vacation. You live like a local and it’s cheap.
• Forego buying tub and toilet cleaners. Consider using white vinegar and baking soda for cleaning chores.
• Flatten the toilet paper roll a bit. It doesn’t spin around as much and waste paper.
• In the supermarket, look at the unit price. Many items such as tuna have a quantity surcharge—the bigger container has a higher unit price than the smaller one.
• Buy kitchenware (pots, pans, knives, etc.) at kitchen-supply wholesalers. Many are open to the general public.
• When shopping online, check Google for a coupon for the site before checking out.