Prioritising our bills and expenses might be a sensible option, but it’s not a fun one, especially with the summer holidays looming. Increasing our income is one way to have more money in the bank, but it can take a while for this option to bear some fruit. Alternatively, you should look at your bills and determine where you’re spending too much money. After all, a penny saved is a penny earned.
Cut down your bills
Even if you pay your bills yearly, you can find ways to cut down how much you pay for water, energy, and wifi every month. The easiest solution is to go green. Start by switching to energy efficient LED bulbs, unplugging all appliances you’re not using, and insulating your home so you don’t need to turn up your thermostat as much. Doing these small things can reduce your energy consumption, saving you money on your bills each month and helping the environment.
Update your boiler
Older boilers are one of the worst offenders when it comes to wasted energy. It probably wastes about 35 percent of the fuel it uses, it’s often unreliable, and it’s most likely reaching the end of its life. Simply put; it’s an ineffective, financial black hole and you need a new one immediately. It might seem expensive initially, but you can get a quote from The Boiler Network, and spread the cost over a period that suits you. In the long run, you will save money on your heat and water bill, so the price won’t seem too steep if you think of it in those terms.
DIY wherever possible
Sometimes the best way to save money is by doing little things by yourself. When things break around the house, try doing your own home repairs instead of calling a professional (as long as it’s nothing too serious).
DIY is not just limited to fixing things that are broken. There are plenty of home remedies online for face masks, hair products, and even for medicinal purposes. Each remedy only requires things you’d put on your grocery list. You could even set aside a Saturday and do a spa day in the comfort of your home for a fraction of the price. If you’re handy with a needle, you can also save money on new clothes by simply repairing or making new items out of your unwanted fabrics.
Buying groceries on a budget is a struggle for a lot of people for various reasons. The best thing you can do to keep your food bills low is to find ways to reduce the amount of waste you throw away each week. Fortunately, there are several more ways to reduce your food bill each week, including shopping for cheaper store brands, buying non-perishables items in bulk, or sticking to a shopping list. Eating in is the new going out, so learn to cook some family favourites at home instead of spending money in a restaurant. Save that for special occasions.