Money Monday: How Your Local Library Could Save You Some Serious Cash

I’m a die hard Redbox fan no more. I used to think you couldn’t beat $1 video rentals. But that was before I started checking out videos from my local library.

Now I have access to new release videos for free. In the past few weeks I’ve borrowed movies like Safe House, The Grey, Red Tails, Chronicle, Man On A Ledge, True Blood Season 4, Gone, and Contraband, just to name a few.

But my library has saved me more than just video rental money. Today’s libraries have have evolved to provide money saving services for people savvy enough to take advantage of them.

Public libraries embrace the digital age.

It’s not just about books anymore. At the public library I frequent, the audiobooks on CD are especially popular. The new release audiobooks on CD section is always crowded with commuters who listen to books on their way to work and the elderly who have may have trouble reading traditional books. That’s not surprising since many these audiobook CDs can retail for $49 or $59.

Did you know that the majority of libraries in the US now allow you to download books onto your Kindle or other reading device for a limited period of time? The great thing about this is that you can borrow E-books anytime of the day in the comfort of your home just by logging onto your library’s website. And when your loan period is over there is no need to return your E-book or pay late fees. The E-book simply disappears from your reading device.

Book selections have expanded.

If physical books are more your style, you’re in luck too. Public libraries increasingly are stocking contemporary and popular books like those found on the New York Times best-sellers list. Perhaps more importantly, many libraries have joined forces to create large library consortiums that give members access to books at a large number of libraries.

In Western New York, where I live, libraries in multiple counties offer a common library card that allows patrons to use any library in the system. Card holders can even have a book from one library delivered to the library closest to where they live. The end result is that library patrons suddenly have access to literally hundreds of thousands of books.

If you’re living on a budget, it may be time to ditch Amazon, Blockbuster, and Barnes and Noble. Save your hard earned money instead by visiting your local library.

BMWK: Do you use your local library? How has it saved you money?


About the author

Alonzo Peters is founder of MochaMoney.com, a personal finance website dedicated to helping Black America achieve financial independence.


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Author Description

Alonzo Peters

Alonzo Peters is founder of MochaMoney.com, a personal finance website dedicated to helping Black America achieve financial independence.

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Comments (4)

  1. GEE JAMES Monday - 09 / 07 / 2012 Reply
    Good stuff. This was good information as I'm a redbox fan and I also feel that libraries have older movies. That's a thinking I got from back in the day so an update to my thoughts is good for this Monday! Thanks Alonzo! Follow me on Twitter! @CMediaUSA -GEE JAMES
  2. Kim Monday - 09 / 07 / 2012 Reply
    Libraries are especially important in small, rural towns. Although the selection tends to be smaller, they carry audio books and DVD movies. Especially important, though, is that we have digital access to every library in the state via a main borrowing site. We practically lived at the library when our girls were little. Every week we'd go and get a new pile of books to supplement the old favorites. We loved and still love our library!
  3. Mami Monday - 09 / 07 / 2012 Reply
    My local library has free internet, all I need is my laptop to access it. Made me think about giving up on my expensive internet at home.
  4. L Marie Joseph Monday - 09 / 07 / 2012 Reply
    I'm there every Saturday!! Checking out the latest personal finance books and my 6yo loves the computers and DVDs. Libraries "the best kept secret"

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