Did you know that our homes are a money-trap and by simply paying heed to a few tips you can save thousands a month?
1. Conserve Electricity
Have you noticed that you are always paying high electricity bills? Do you walk out of rooms without turning off the lights or fan? Are you constantly using air-conditioning? Be mindful about your electricity consumption and watch your electricity bills drop. Instill the habit of turning off the lights when you leave a room.
2. Cut Down Grocery Bills
Are you the kind of person that goes to the shop just to pick up some milk and eggs and you leave with a trolley full of items? Supermarket layouts have been designed to tempt us into purchasing things we don’t need. Cleverly placed products at strategic locations are well-known tips that compel people to buy things. Never shop on an empty stomach and always make sure that you adhere to a shopping list. If it is not on the list, don’t buy it. Pay heed to offers and deals.
3. Maintenance 101
Constantly replacing things cost a lot of money. We can all be more mindful by properly maintaining the things we have and taking care of them properly, so we don’t have to replace them frequently. This means getting ACs serviced regularly, cleaning and maintaining gadgets and ensuring and doing a thorough deep clean at home at least once every three to six months.
4. Phone Calls
India has extremely high mobile penetration. In a bid to save money, there is no point in having a landline as well as a mobile phone. Cut costs by canceling your landline connection at home. In fact, mobile phone bills can also be dramatically reduced by availing of the free calling facilities that are dime a dozen.
5. TV Subscriptions
These days we all want Netflix, Amazon Prime and Hot Star in addition to other TV subscription packages such as Tata Sky amongst others. Do we really need all of them? How much TV do we really watch? Do you know how much free content is available on YouTube? Save money by canceling your subscriptions and opting for only one or alternatively making use of the fabulous content available on YouTube.
Without much effort, by implementing these tips, you can save money every month. The money saved can go into savings which can be used to build a nest egg or help you achieve a financial goal that you might be harbouring. What are you waiting for?
