Saving money when your bills seem to pile up faster than ever is definitely a tricky situation. Yet there is a solution to everything and this article is here to open some doors for you. Cutting costs without actually reducing your quality of life is a task that requires some research. We will talk about some easy low-hanging fruits that can be plucked while not sacrificing your lifestyle.
Your financial freedom is somehow limited by the essentials you need to pay for at the end of each month – taxes, utility bills, transportation costs, housing and so on. Around half of your salary will go on these expenses, so you need to learn how to cut them to a minimum.
Here are some tips that will help you with this aspect:
Water consumption is your enemy
Even though you might believe that water consumption doesn’t make much of a difference, it does. You simply don’t notice it because pills pile up at the end of the month.
Reducing your water consumption can result in substantial decreases in your utility costs. Your dishwasher is the number one appliance when it comes to consuming water. Use it only when it is full of dishes.
Invest in a sustainable shower head. They are supposed to reduce the pressure of water when you shower, resulting in a smaller amount consumed each month.
Of course, avoid leaving the water running when you brush your teeth. Around 2-3 gallons of water is wasted because of that small detail.
Reduce the TV & Internet packages
We cut our cord in 2016. We do not watch any channel as such. Most news sites have free streaming service which we utilize. We also have Amazon prime to serve our movie and TV series needs.
Most of your TV channels remain unwatched because the package you own is probably too big for your needs. The same goes with the Internet.
Most people choose expensive TV & Internet packages because they are recommended by the providers and they are presented as being the best deal they have.
In fact, that is not true. You will get just the same experience by paying a less expensive TV & Internet package. This way, you can save a considerable amount of money at the end of the month by getting almost all the features you had previously.
Bundling the packages is also a choice, instead of paying a separate bill for each service. There are providers who offer bundled TV and Internet services, which can be cheaper than the offer you’d get otherwise.
Always compare gas prices
A considerable part of your money goes on transportation bimonthly or at the end of each month. The one detail that can make a difference in this sense is represented by gas prices.
You should start researching the companies that have the lowest gas prices and opt for them instead of the closest option. Moreover, you should get informed about fuel rewards gas cards, which can save you some serious money.
It is important to notice all the offers and promotions in your area because even a few dollars saved can help you indulge a little bit more into something you truly enjoy, not something you need, such as utilities. Think twice when you fill your gas tank next time.
Buy in bulk whenever you can
This may not be effective always. We are three member family and most of the grocery items are purchased in small lots, not in bulk. But things like baby diapers, wipes, formula, etc. are cheaper at Costco. We buy a lot of stuff from Costco.
Stores like Costco, Sam’s Club and BJ’s offer discount for buying in bulk. I even know of families sharing their memberships to save even more.
But items like cereals, rice, nuts, etc. which we regularly consume, we buy in bulk from Costco, as buying in bulk saves money compared to buying small packages.