10 Essential Savings TipsBy Dave Fleming : 8 April, 2020
10 Essential Saving Tips for your Household Expenses
As the song goes ‘I want to be a billionaire’, not all have the same ultimate goal for the simple reason that it is just – too impossible. However, for those who are looking for financial freedom, there are certainly a number of ways on how to go about doing this. Among the best things you can do in order to save money and have financial freedom is summarized in these 10 essential saving tips.
One popular app that people use to manage their money and bills is the Clarity Money app. It can be linked directly to the bank account and ties with your payments, bills and other monthly monetary obligations. Using this app will allow you to monitor your expenses as well as services that are no longer of any use to you.
Cutting the Cord
Many people say they could not live without cable; however they are also having problems dealing with its monthly charge. Having a cable connection could cost as much as $30 which if invested in other things could already make quite a difference. The internet is an excellent place to find your favourite shows and even more. This is why it is already impractical to have a cable connection.
Finding a more manageable internet provider
The internet is among the best things that every household needs to have. It provides the luxury of convenience that was not possible decades ago. While there is certainly no need to cut the internet cable cord, you can always find affordable and much more manageable internet services providers out there. The competition is also high for these services and one company will always have something more affordable to offer than the other – make sure that you are invested in the more affordable option.
You can also negotiate with your ISP (internet service provider) for a more manageable fee for a good internet speed or package.
Purchasing in bulk
The basic necessities that you use at home should be bought in bulk for you to save more. These basic items are charged with bigger fees if packaged per piece. However if they are packaged by bulk or in bundles, they are more likely to be more affordable. Having to purchase by bulk also relieves you of making frequent purchases which directly concludes to more travel time, expenses and stress.
Making use of your dishwasher
The best thing about dishwashers is that it can save you both time as well as money when doing the dishes. It makes use of a much smaller amount of water compared to the traditional way of washing the dishes. With the lesser water used and the time spent in doing this chore, you are surely going to save more.
Taking advantage of free home energy audits
There are many companies that conduct free energy audits to homes in order to make sure they are energy efficient as well as safe from fires, gas leaks, etc. taking advantage of such services is essential for you to track the energy efficiency of your home. Knowing this will help you determine if you are making full use of your energy investments.
Using Programmable Thermostat
Using a thermostat will keep you warm during cold days and feeling cool during the hot summer. Using a programmable thermostat, you will have the same benefits but be able to save more per year. With the automated set up for this device, it won’t need constant monitoring and will have lesser chance of using it too much as it shuts down on its own.
Starting a Garden
Although it would require manual labor, starting your own garden could actually save you more money. Instead of buying your produce, you can simply grow them in your backyard. Fruits and vegetables actually costs way cheaper when grown compared to when it is purchased in the supermarket. You’ll be surprised how much you can earn from it and you can also make sure that what you are eating is fresh and clean.
Renting out any unused home space
If you own a spacey house with a lot of rooms left unused, you may want to rent them out instead, in order to gain money from it. Instead of having your basement or attic filled all dusty and dirty, why not have someone rent it out instead. It can save you the cleaning and can also save you money.
Unplug unused devices and energy suckers
What you do not know is that despite the size of a device or appliance, it can actually suck more energy than those with bigger size. Also, even if appliances are unused, they still consume a little amount of energy which when accumulated in the long run can spike up the bill. So always be sure to unplug your device from the outlet when not in use.