7 Ways to Considerably Cut Your Household Expenses

7 Ways to Considerably Cut Your Household Expenses

7 Ways to Considerably Cut Your Household Expenses

Have you ever wondered how much you spend in household expenses monthly?

You’d be surprised to find out that household expenses take up almost 1/3 of your monthly income.

Not to worry though, there are ways that you can reduce your monthly household expenditure.

  1. Cut down on home conveniences

If there are any utilities that you’re paying for and not using, cut it down.

I understand that most of these conveniences help to make our homes comfortable and cozy. But the truth is that they’re expensive.

For instance, TV subscriptions are paid in packages. The more channels your package has,the more you pay. Now if you’re not watching half of the channels in your package why still pay for it? It won’t hurt if you downgrade to a package that you can use more often.

  1. Reduce your energy use

How many times have you caught yourself or a member of your household wasting power? Well, it is fine it happens just once or twice. But if you’re wasting all the time, you’re also wasting money.

For instance, avoid leaving lights on in rooms that you’re not using. Similarly, avoid leaving your fridge door unnecessarily open. Also, invest in energy saving electrical and electronics for your household.

  1. Reduce water use

Like electricity, water is another household resource that tends to get wasted a lot.

Most people don’t realize that bathroom hot water showers waste a lot of water. So instead of taking a long shower to relax, consider taking hot water baths instead.

Other water saving tips that you can put into practice include; repairing tap leaks on time, using low flow rate faucets and using tankless heaters.

You can also avoid wasting water by not letting the tap run when washing dishes, brushing teeth, washing the face or when washing hands.

  1. Plan your meals

Get into the habit of planning your meals for the coming week to cut down on unnecessary trips to the grocery store.

  1. Cut down on your telephone expenses

An excellent way to do this is to check where you receive most of your calls from, is it on your landline or your cell phone?

And if it’s on your cell phone how you can mitigate the cost of making calls? You can begin by cutting the small talks during phone conversations and go just straight to the point. If you have access to the internet, you can consider emailing people rather than calling on mobile.

You might also want to know that SMSing tends to be cheaper than voice calls. Generally, you have to check out all possibilities of communication and choose wisely according to your convenience.

The key to cutting down on household expenditure is to figure out the necessities first.

If you can do this, you’ll find that I’ll be much easier to budget for your monthly expense. As you do this, make sure that you also work on these five things; water, electricity, communication, meals,and comforts. If you can be able to control your expenses in this five sectors, then you can be sure of saving a lot of money.

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