Do you own a home? If so, you know just how expensive this can be. In addition to monthly loan payments, you have to concern yourself with everything from utilities to maintenance.
Although you are sure to be faced with many expenses as a homeowner, the benefits you receive in return are well worth it.
With all this in mind, there are ways for you to save money as a homeowner. You just need to know which adjustments to make.
Three Bits of Advice
Here are three ways the average homeowner can save money, without making any drastic changes:
- Focus on your utility bills. For example, you can save by simply using less water and turning the lights out when you leave a room. Along with this, you can compare providers to ensure that you are getting the best rate for the utilities you use.
- Don’t get behind on maintenance. When you let a small problem go, it will turn into a major issue sooner rather than later. If your home requires a repair, do it yourself or hire a professional. Either way, make sure it gets done as soon as possible.
- Use a programmable thermostat. Let’s face it: you are spending a lot of money heating and cooling your home. With this technology, you may be surprised to find that you can save a lot of money no matter what time of the year it may be.
If you own a home and are frustrated with how much you are spending every month, the three bits of advice above may be able to put you on the right track. Why continue to spend more than you have to?
When you focus on these areas, you will find yourself saving more and more with each passing month. And that is what you want, right?
While clothes are essential, those outrageously overpriced designer jeans aren’t. It is quite easy to get carried away when you go shopping for clothes, especially if you consider yourself a “fashionista”. Believe it or not, there are actually ways that you can be a budget-conscious clothing shopper – and still look good.
Interested in learning how to cut your clothing expenses? Read on for some money saving tips:
Saving Money on Clothing
Shop Sales. Sales are a clothes shopper’s best friend. Why pay full price for something when you can likely find it on sale someplace? Keep an eye out for sales at your favorite shops and take full advantage. Some stores offer fantastic savings at specific times of the year, like around holidays.
Shop Ahead. While you might need to shop in season for some items, there are staple clothing items that will always be in fashion. For example, basic jeans and T-shirts are always in vogue, so why not shop for them at the end of the season? At the end of the summer, for example, stock up on basic tees when they are on super sales and wear them next summer. You’ll not only save money but you’ll be ahead of your shopping game.
Many stores offer coupons for their preferred shoppers. Sign up to be on a mailing list and you’ll receive tons of coupons, which will allow you to save a lot of money.
Don’t Charge. Whatever you do, don’t get suckered into one of those store credit cards. While it may seem like they are offering you a great deal with extra savings when you sign up, at the end of the day, you’ll actually spend more. Store credit cards tend to have ridiculously high fees, which will make that $40 shirt that you save 10% on cost double what you spent when you pay it off.
In saving money, a person is thinking of tomorrow and how they will be able to get by. It is due to a will to survive that keeps a person ever mindful and vigilant about what tomorrow brings which is unexpected. We can never tell what the future brings, so it is our due diligence that we prepare ourselves to be fit to deal with the unexpected. Saving money is a good example in how we prepare for what tomorrow brings.
In saving money, we are planning to be ready for any unexpected expenses that we might need to undergo. The first step of saving money is to know what you want to save for.
Saving money for something is a goal that you set for yourself as you put your money into a piggy bank or an actual bank. It can be viewed as an accomplishment when the time comes to buy it.
In planning to buy a certain thing, saving money opens your eyes to other monetary situations that you want to be equipped to handle when the time comes, if it comes. Saving money is a good habit that should be practiced by everybody as it shows that they are concerned about what tomorrow may bring. It also shows that they have the capacity to plan ahead of time as they are anticipating the worst and want to be ready for it. Time brings so many unexpected twists and turns that we can never predict so it is a good idea for you to be prepared.
Putting your money in a bank is a great idea as you do not have total control of your funds as you have to withdraw your money before it is available. It gives you a discipline in knowing what you need as compared to wanting and spending unnecessarily.
Knowing what you want to buy is also a money saving practice as this limits what you spend for. It takes a lot of discipline to be frugal about spending but the rewards are worth it. A good practice of being frugal is to list down what you need to buy.
Listing What You need to Buy
How many times have you seen people in groceries wandering aimlessly about what they want to buy? By listing down what you really need in your home, you are lessening the risk of spending needlessly on certain items that you do not need. It is also planning your budget so you are still able to save some money as you need certain things. By concentrating on the bare minimum, which are the necessities such as water, toilet paper, food, light bulbs, etc, you are exercising a great deal of self-discipline wherein a compulsion to buy other things are eliminated.
In being able to save money as you spend, you are also saving yourself by being prepared to handle different emergency situations which you can never foretell when it will occur. Emergency situation such as broken appliances that need immediate repair or a toothache that you need to see the dentist to repair. Imagine having to bare the pain of that toothache because you have no emergency funds to pay the dentist. That is a situation that could very possible happen and it would be a most painful one wherein you will wish that you had an emergency fund that you could use.
In listing down what you need, you can also save a lot of time and effort in shopping. You will not have to wonder whether or not you have a certain item at home, as you have taken the time to list down your needed items.
Living expenses are piling up in the present day world. There are many expenses which cannot be curtailed living in a world where recession and inflation have struck. There are many expenses that need to be met and therefore, living frugally is a step forward in the right direction if you want to tackle less bills. Here are some tips for frugal living.
There are many coupon systems prevalent in the modern day world. Some of these coupons offer really good deals. Layer coupons so that you can attain mega savings. Websites and online retailers are a good place to look for coupons. Many companies offer bulk deals and this can lead to a difference in the amount of money that you spend. Frugal living is possible if you make the effort to find and spend coupons.
TONE DOWN THE NECESSITIES
Make sure that you tone down on the bare basics that you need. Try to make do with one cell phone instead of two. Make sure that you do not spend on items you don’t need. If you can streamline your expenditure, that will go a long way in saving money.
Make sure that you do not spend excessively on purchases you do not need. Another good way is to make sure that you delay the purchase of some item for as long as possible. This can prevent you from spending too much at one time. By postponing the purchase, you will have a greater amount of money at your disposal.
Thus, you can easily avoid unnecessary expenditure and live frugally by becoming self sufficient and being independent in your financial planning. You can even grow your own food and be self reliant.
Have you decided to curtail your expense and start saving some money? There are no doubt several methods to save money and it is never too late to start. You can make a big difference in your life if you follow the following simple steps in saving money.
- Check whether you are able to gain profit from the tax relief benefits. Furthermore, if you are unemployed, widowed or disabled make sure to get all the advantages of the social welfare claims.
- Curtail down your expenses on unwanted or non essential items. When your budget is tight and you are trying to save money you have to be very strict while spending money on luxury items.
- Plan out your weekly food bill and buy only those food items which you actually need. Look out for discount items and check out for the special offers. This can save your money.
- Make sure that you don’t have to spend more than enough money on your car. Try to be fuel efficient and maintain your car wisely.
- Make sure that your electricity and gas bills are not beyond your stipulated budget. Reduce the use of electricity and gas as much as possible. When you aren’t using them make sure to unplug and turn off the appliances. Do you know energy efficient appliances are cost effective and economic too?
- If your child is going to join school in the next month, it is going to be little expensive for you because of the school fees, uniforms, books etc. You have to plan it out and act accordingly.
- If you are used to going on vacations every year to exotic and expensive locations, you have consider it and make it a point that your vacation takes place somewhere that is affordable and cheap.
If you make it a point to follow these simple steps, it can indeed bring a big difference in your life and it will become easier for you to save money.
With money tight and prices high it is common for people to put low prices ahead of healthy options; many supermarkets have special offers, but have you noticed how they are often applied to the less healthy foods? Fruit and vegetables are rarely subject to discounts, and these are the sort of products we want to see at affordable prices. However, there are ways we can feed our families in a healthy manner, and without breaking the bank.
Change of Habit
In a recent survey almost two thirds of households said they found shopping for food a major strain on their finances, and had changed their habits to accommodate lower prices. But had they done the right thing, or were there ways they could save money on more beneficial, healthy options? The retail market has seen a move towards the discount brands – Lidl and Aldi, for example, are seeing major boosts – and away from the traditional supermarket names. It is well worth looking at what they have to offer, for name brands always carry a premium.
Look for Special Deals
The move away from well-known brands is one that many people are reluctant to make, given that they place a great deal of trust in the names they are familiar with. The fact is that by buying cheaper brands you may be getting the same product, from the same place, but with a different label. Other benefits are trying new products, and getting a fresh perspective on the cooking habits of your household.
Buy in Bulk
We don’t mean buying lots of one product at one time necessarily, but buying products in bigger portions: a whole chicken, for example, rather than just the breasts, can provide an excellent meal for a family, and while fresh fish may seem expensive, it can often stretch to a large meal for a full family. You can also consider cutting out the middle man – buy from farm shops, or visit the docks and buy fish straight from the boat – and for the ultimate cost saving option, why not dedicate a part of your garden to growing vegetables? You may be surprised how easy it is!