I used to complain that there is so much to purchase and pay to run a decent home. It is true and the fact of the matter is, it is so difficult to think of saving at all. It is that numerous and most of the time the expenses can just be overwhelming! I find myself irritable and I am always stressing out when it is time to pay the bills. One day, I sat down with a cup of coffee and thought about how I can improve my finances. I came into resolve that I will save. Little things can accumulate into significant amounts. You will realize that you can save by doing some simple things.
Let me share with you some of the things I did.
- Prepare a budget
You may think that this is time consuming but this is the best thing to do when you intend to save. Allot time to prepare your household budget. You can identify the things that you are most likely to spend on like food, clothing and some other things that you think are essential in running your home.
You may be surprised later on that you will have funds for a vacation in the future.
- Pay your bills on time
When you pay your bills in a timely manner, you avoid penalties. Simple as it may seem, we can become preoccupied with other things especially when you have to think of family and work. What you can do is settle your bills online. Enroll your accounts online so that you will get email alerts. When you get the alerts, calendar the due date. Make it a habit everyday to check your calendar then pay when there is something to pay.
Remember, late payment charges for credit cards are not minimal.
- Write your shopping list
Do you know that this can save you a lot of money? However, this is a thing that we don’t normally do. We go to a department store thinking that we know what we need. Of course we know what we need but when we see items on sale we are easily attracted to the offer and buy things we need but do not necessarily need at the moment.
We should create a priority shopping list. The list we write will guide us and thus enables us to control and manage our expenses. By making use of our shopping list we can avoid random purchases.
We need to save because we do not really know what happens tomorrow. We need savings for emergency cases, education for the children, our retirement and many other things. Savings somehow gives us a certain sense of security.
I encourage you to identify your unique ways to save money at home. Give some time to do this. You will be surprised that there are a lot of saving ideas you can think of. What are you waiting for? Grab a pen and a paper and do a list of ways you can save!