How to save money around the home
Day to day one of the trickiest things consumers have to do is successfully manage their money. Whilst we are all aware that ‘money makes the world go around’, this does not mind that the successful management of our finances month in and month out is an easy task. The modern-day consumer is managing a whole host of different monthly costs, whether this be household related (such as energy bills), credit related, or even food and travel based. The fact is that the average consumer must successfully manage a whole host of different costs each and every month. As a result, sometimes it can be difficult to understand how money can be saved and general spending reduced. Consumer credit is on the increase each year and this adds to the financial strain felt by the average British household. When managing your living costs, it can very difficult to understand where over-spending is taking place and if this occurs in several areas of your expenditure, it can soon lead to a situation where you are unable to enjoy disposable income for leisure activities and such like. With all of this in mind we will today look at how spending can be reduced in our everyday lives and by doing so, increase the amount of spare income we have at our disposal.
One of the surprisingly large costs faced by consumers is the amount which we spend each month on food. Whether this is our weekly shop, our ‘top-up’ shops throughout the week or even take-aways, often food related costs are a common area of over spending. To reduce the amount, you spend on food there are several simple tips to follow. First of which is meal planning, which allows you to understand exactly what will be eaten for the coming week ahead. If you are going to formulate a food plan, why not do so based on what you already have in your cupboards? Many UK households tend to stick to certain meals which require the same foods to be purchased each and every week. Whilst there is nothing wrong with this, often this means the food in the ‘back’ of the cupboard never gets touched. Planning your meals in advance will reduce impulse buying and should stop the require to pop to the shop for supplies.
Apart from food costs there is another way of actually generating funds from items already in the home. The fact of the matter is that many of us have unwanted and un-used items which clutter up our homes and these items all hold a value. Whether it is used or new clothing, children’s games, books and toys, or home décor items; most of us probably have several items which simply no longer serve a purpose. It would therefore be useful to consider what can be done with these items. The internet provides a host of online resources for selling your no longer needed possessions whether that be via a nationwide online sales site such as EBay or a facility for selling your items locally, such as like Facebook. Failing that why not set up a site at the local car-boot and sell all the older items which are now simply existing in your home to take up size. Another money saving tip related to your home and your possessions is your car. Whilst I am not for one moment suggesting you sell your car! Instead, why not clean it at home each week instead of paying someone to do it? At typically £10.00 per each cleaning session, that could be a saving of nearly £500.00 a year.
Once you have organised your meal plans and de-cluttered your home, the next money saving consideration is that of activities which take place outside your home. Whether this is a weekly exercise class, a gym membership or even weekly meal at the pub, these types of activities all represent an opportunity to save pounds. To do so, all you need to do is convert one of these activities into something which takes place at home. Take for example your work out classes, why not instead go for a bike ride or do a workout DVD in your lounge. Another example is to reduce to the costs of eating out and agree a ‘Dinner Club’ with your friends or family whereby you each cook once a month and avoid spending money at the pub each week. These are just a few examples and there are lots more when it comes to cutting your spending without missing out. A great tip would be to track your spending for a month on such activities and then formulate a plan for how these could be done at home instead for the coming month.
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Author: Internal Customer Services Agent