Everyone loves to save money, but some of us need to save money. Times get difficult, financially, and saving quickly becomes an essential skill to master. Having a few creative money-saving tricks in your “adulting” toolbox is a great way to keep ahead of the game of life.
When you sit down to formulate your budget this month, take a set of educated eyes to the table. Here are a few creative and inexpensive ways to cut costs and lower the household budget to a more approachable result.
Save a dollar when heating and cooling your home
A home’s thermostat is one of the worst ways to waste energy. When more than one person lives in a household, the thermostat can see a lot of changes throughout the day. Turning the air or heat off and on throughout the day uses more energy than setting it at one temperature.
Alternatively, turn the HVAC unit off. During the spring and fall months, open windows and doors to provide ventilation and cooling of the home. When it gets cold outside, build a fire. It is much more affordable to build a small wood-burning fire, than to turn on the HVAC system.
Cut out the morning coffee runs
Make your morning coffee at home. There is really no reason to spend up to $10 a day on coffee. Invest in a great coffee maker and a thermal cup, so you can carry your coffee to work.
Apply this mindset to the whole day, and you will quickly see a marked improvement in the household’s finances. Cut out convenience store snacks and junk food purchases. Not only is it better for your wallet, it is better for your health.
Shop for clothing in the neighborhood thrift shop
Though it may feel nice to walk into the fancy department stores, it is not the most financially efficient way to stock a person’s wardrobe. There is no shame in thrift store shopping. Inexpensive hand-me-downs are just as usable as brand new products.
The best deals are always found in thrift stores. Name brand threads for thrift store prices is much easier to work into the budget. The kids do not have to know.
Reduce transportation costs
Find and implement new ways to cut transportation costs. Utilizing public transportation will cut transportation costs in a real way, depending on the household travel regimen.
Another helpful and creative solution to cutting transportation costs would be to allow the kids to ride their bikes, take the bus, or walk to school each day.
Take a thorough inventory of household expenses
An overall solution to lowering household finances begins with a thorough inventory. Sit down, and take stock of anything and everything that costs. It will quickly become clear which expenses can be cut or even eliminated.