Most of us are quietly relieved that 2020 is over but are also feeling a bit nervous about what is to come. We know that 2021 is not likely to be easy either and that it is wise to save as much money as we can. That way should our hours be cut, or worse, we lose our job, we will have some funds to fall back on. This situation inspired me to put together the following suggestions. All of which are relatively easy to implement.
Minimise the cost of running your home
Top of the list is reviewing your household bills and taking as many steps as you can to reduce them. Without realising it most of us slip into bad habits which end up costing us money. For example, not shopping around every year for your house insurance. Or switching supplier and having our boiler serviced often enough. Most of our household bills can be reduced. If you are looking for info on how to lower your heating bill just click this link. It covers everything including dealing with draughts, installing more insulation, choosing the right boiler, and taking advantage of cheap electricity and gas deals.
Shop around for everything you buy
Get into the habit of shopping around and exploring your options, even for small purchases, including food. It is surprising what you can save. This in-depth article shows you how to do it quickly when using supermarkets.
Grow more of your food
If you are not already doing so, give growing your fruit and vegetables a go. It is far easier to do than you think and is very satisfying. Even if you only have a windowsill you can still easily grow things like radishes, herbs, lettuce, and spring onions.
Cut down on takeaways
Once everything grows you will have a lovely selection of vegetables to cook with. So next time you are tempted to order a takeaway you will be more likely to pause and think about what you can cook instead, saving you even more money.
Use vouchers and coupons
Whenever you can use vouchers to get a discount. Usually doing a simple search for the name of the retailer you are buying from and the word voucher or coupon will reveal one that you can use. It does not take long and discounts of 10% or more are often easy to secure.
Start tracking your spending
If you are not already doing so, track what you spend and do so in detail. The best way to do that is to download one of these apps and key in what you spend as you go along. As you will see, most of them include the ability to set a budget, which is a great way to make sure that you do not spend more than you should.
Hopefully, these tips have inspired you to make some financial savings. Once you get into the habit of spending less on a few things you will be motivated to find more ways to keep your costs under control.