Motivational Words on Finance, Career, Business, Education, Relationship and so on..

Tuesday, 24 May 2016

How To Reduce Your Living Expenses


We’ve been talking on ways of getting rich for the past few days now, here is another one.

Reducing your living expenses will help you to gather the little left and this is also a way of getting rich.
Try extreme couponing
.
 It's one of the best feelings in the world when you can get paid to take home stuff you regularly use. If you do this right, you can actually get paid to coupon. At worst, you'll save a few extra bucks that you can tuck away for a rainy day. At best, you'll get tons of free stuff and will be richer in the process.


Buy in bulk.
 It's not the easiest way to shop, but it's usually the most efficient. If you can buy into a membership to a bulk retailer like Shoprite, it can make real financial sense. In some cases, you can find brand-name products for sale at serious discounts.

·         If you're hungry and you like chicken, buy four pre-cooked Chickens at Shoprite at the end of the day, when they go on sale. Sometimes they'll drop from $5 each to $2.50 each, meaning that you get at least ten hearty meals for about $1 each! Freeze any chickens that you don't eat immediately.


Learn to can foods
.
Up to 40% of food in America goes to waste before it is ever eaten and some of it are imported to Nigeria. Succulent peaches, blueberries, and even meats can be canned and stored for consumption later. Be smart about the food that you buy. Actually eat it. Food wasted is money wasted.


Reduce your utility bills
.
 
Electricity, gas, and other utilities can deeply impact your monthly budget if you let them. So don't. Be smart about ways to keep your home cool during the summer and warm during harmathan. You may even consider investing in or building solar panels to channel the sun's natural energy into electricity. Keep your utilities low, and watch the money you save start to mount.

Get a home energy audit. 
This will allow you to find out how many dollars are seeping out of your home in the form of lost energy.

·         You can perform your own energy audit if you're the industrious type, but don't hesitate to hire a professional to complete the audit for you. It should cost anywhere from $300 to $500, which isn't cheap, but it could help you save much more than that over time (especially if you decide to re-insulate the home).