In today’s world, it can be difficult to manage your finances and stay within your budget.
With the rising cost of living, it is important to find ways to cut back on household expenses. Fortunately, there are some easy tips that you can use to help you save money on everyday items. In this article, we will discuss 6 easy tips for cutting household expenses and how they can help you save money.
1. Cut out the expensive satellite television
Satellite TV is a huge expense and it is often overlooked by many families. Rather invest in an affordable uncapped internet connection which offers families so much more than just social media and What’s App conversations.
Consider using a streaming service like Netflix, eVOD or Google TV instead of paying an expensive monthly satellite TV bill. If you already have a dish installed at home, Open View is a great alternative to switch to if you love watching local programmes. The decoder is a once-off purchase and there are no monthly fees involved.
2. Use less water
You can save money on your water bill by simply using less water in your home. This can be done by installing low-flow showerheads, turning off the tap while brushing your teeth, and washing clothes in cold water. It’s also a great idea to have all your pipes inspected for possible water leaks. Now is the best time to start investing in installing a water tank at home due to the current ESKOM crisis. This way you can be prepared for possible adverse effects on water supply from pumping stations.
3. Let go of the expensive coffee maker at home
Coffee makers are one of the most expensive appliances that people buy. You can save money and get more out of your kitchen by purchasing a french press or just going with instant coffee. If you like drinking more than one cup of coffee during the morning, boil the kettle once and pour the hot water into a good flask to keep it hot instead of boiling water in the kettle every few minutes. Anything with an element will exhaust your electricity bill.
4. Stop eating out
Eating out is expensive and unhealthy, so you should probably avoid it as much as possible. If you have to go out, make a plan ahead of time and stick to your budget.
5. Drink less alcohol
Alcohol can really add up over time, so try to limit the amount you buy and drink each week. Stock up on wine and local beer instead of brand name beer and liquor.
6. Save electricity
Saving electricity at home is not an easy task and can seem even more difficult when you see how much electricity bills cost.
However, it is possible to reduce the amount of energy that you are using in your home by following these simple steps.
Bonus tip: Buy rather than rent
Homeownership is a winner because…
✔ You are not wasting money by paying off someone else’s bond
✔ All property price increases translate to an improvement in your personal equity position
✔ A paid off houses provides extra money for your old age
✔ Bond repayments are generally equal to monthly rental payments, so there is ostensibly no saving by renting
✔ Full homeownership allows you to improve your property at any time so that you can live better
ABOUT OWN YOUR HOME:
Own Your Home has helped many South Africans become proud homeowners and we want to do the same for you.
At Own Your Home, we will guide you through the process of homeownership to make sure you are not under stress. We are on high energy mission, 24/7, to give you the care and attention you require. Contact us today to make your dream of owning your own home come true.
Mountain Ridge Estate in Paarl is a registered FLISP housing development.