There isn’t a single person in the world that would oppose cutting a few dollars from their monthly expenses. These are the best money saving tips for your home.
Monthly Expenses – Money Saving Tips for Essential Bills
Electricity
Those of you that live in an ever-changing climate know the struggle of expensive electric bills during the summer and winter months when you are blasting the A/C and cranking up the heat. During these months, your bill will increase significantly as these comforts require electricity to operate.
One of the best ways to cut these expenses is to use electric mattress pads in the winter and cooling mattress pads in the summer. These will keep your bed at a comfortable temperature and the costs will be negligible on your electric bill.
Monthly Groceries
When it’s time to reduce your monthly expenses one of the first things to go is eating at restaurants. These days even a cocktail will run you $10+ at a dive bar in populous areas. Eliminating this lavish spending will save you hundreds of dollars during the year. You will need to cook more at home, but you will find that no matter how much you cook there is always something that goes old.
Many people avoid buying fruit because it always goes old before you eat it. Investing in a food dehydrator will cut your food bill because you will be able to utilize all the food. There are dehydrated recipes for nearly all foods to get the most out of your groceries.
Water
Despite 71% of the earth being covered in water, fresh water is a valuable commodity that should not be wasted. Out of all the water on earth, only about 3.5% is fresh water, and 68% of that fresh water is trapped in ice caps and glaciers. That leaves an infinitesimal amount of fresh water for more than 7 billion people and animals.
Saving water at home doesn’t mean skipping showers for weeks on end, or limiting the amount of water you drink each day. The simplest way to save water is to shut off the faucet while you are brushing your teeth or washing your hands.
In addition, you should consider when and how you water your plants. Nature is not picky about the fresh water it receives. When you boil water for pasta or vegetables you should save the water and use it for your plants once it cools. This will drastically reduce your water bill and you will be doing something good for the environment.
Public Transportation
Commuting to work in a densely populated area can be one of your highest expenses each month. You must pay for insurance, gas, maintenance, registration, and cleaning supplies. These expenses cost several hundred dollars each month! Choosing to use public transportation will cost less than $100 a month commuting to work, and you will be able to use your time for efficiently.
One of the biggest drawbacks to sitting in traffic each day is that you can’t be productive. While you are sitting on a bus you can get more work done, read a good book, or catch up on your sleep. These things will allow you to make the most of your time and save you money.
What about you? How do you save money on monthly expenses in your home?
Never pay for anything at full price! I am also committed to living off of 50% of my income for the next 15 years putting the rest into tax advantaged retirement savings accounts (i.e, 401k, Roth IRA, solo 401k, SEP-IRA) and investments. In order to be financially free during the retirement.