Staying at home may seem like a way to save money, but that may be deceptive. Just because you’re not going out, doesn’t mean that you’re not spending unnecessarily. You should take this time to consider some of your regular expenses. Plus, being bored can push you towards buying things you don’t really need. Check out our tips on ways to cut back on your in-house spending.
Cut Down On Bills
One way to save is to limit your bills and stop paying for the things you may not need. With the ever growing popularity of subscription services and smart TV’s, cable is becoming obsolete. If you only use cable to watch the news or catch up on sports shows, consider cancelling your subscription entirely. You can get a lot of these services online, for free.
While spending all of your time at home you should also limit your water and electricity use. Make sure you turn the lights off as soon as you leave the room, and only run the water when you need to. These little things can make a huge impact on your monthly bills.
Wait To Click ‘Buy’
It’s tempting to shop online when you have nothing else to do, but waiting a little bit can keep you from making a rash decision. If you’ve recently filled up your online cart, wait at least 48 hours before clicking ‘buy’.
After waiting 48 hours, if you’re still thinking about that jewelry or watch in your cart, you should get it. But if the time has passed and you realised you don’t need it as badly as you thought, empty that cart! The instant gratification you get from making a purchase can create a nasty cycle, so end it before it starts.
Do It Yourself
There’s a lot of stuff you probably pay someone else to do that you can easily do yourself. This includes landscaping, cooking, and an array of other things. So next time you go to order a pizza, consider making it at home. You can even make it a fun weekly tradition.
And if it’s something you don’t know how to do yourself, watch an online tutorial and learn a new skill! This simple hack can save a ton of money in the long run, and you might discover a new hobby.
Track Your Savings
Make new savings habits by keeping a checklist like the one below. This will help you see the impact of the little changes and keep track of what’s working for you.