The cost of living is something that affects every single one of us in some format, and no matter where in the world you are from, we all have our own costs that we must juggle in order to run a household. With the cost of living increasing year on year, but minimum wages staying relatively low, it can often be a struggle to make ends meet. If you run your own home, then you will likely be familiar with how expensive it can be, and no matter how good you try to be with your income, you could always benefit from saving money on your outgoings. Therefore, we have put together this guide of our top four hacks for running a great household while on a budget. Even if you think you are money conscious and don’t waste a cent when it comes to paying your way, you could be surprised at the extra money you could save yourself.
Make Meal Plans
Many of us are guilty of buying food to eat at home, but instead end up eating out or ordering in. Each year, the US wastes around 1.3 billion tons of food, which equates to around $990 billion dollars. Therefore, if you think about how much food you throw in the trash each week, you will realize that you are literally throwing money away. To help combat this, we recommend that you make a meal plan at the start of each week so that you know exactly what meals you and your family are going to enjoy.
Plus, by taking your meal plan with you to the grocery store, you can ensure you only buy the food you need, which will save you money and cut down on the food you waste.
Shop Around for Prices
One of the biggest expenditures that a US household faces is the cost of energy. Therefore, it is important that you shop around for the best deals on your household bills and make sure that you aren’t paying more for a service that you can get for cheaper. From your gas and electricity providers, to your internet prices, there are websites online dedicated to finding the best prices, so be sure to utilize them as much as you can. Even the smallest of price savings can make a huge difference over a 12-month period.
Never Pay Full Price for Items
When it comes to buying appliances and furniture for your home, you can save yourself a considerable amount of money by never paying full price for the items you require. There are many online discount codes that you can use to get additional discounts off the items you want to purchase, and you may even be able to get some items completely free. All you need to do is to know where to look; Just Freebies is one such site!
Think Before You Drive
As a household, it can become very easy to rely on our cars, but you should consider how much you are using your car unnecessarily and the extra money that it is costing you. Unless you live in an isolated or remote area, you may be able to cut down on how much you use your car, which will cut down fuel costs as well as lower maintenance costs that you will be faced with in the future.
While some of our money saving hacks may only save you a small amount of money at a time, if you consider the impact of these changes over a 12-month period, you could save a considerable amount when trying to cut down your household costs!