Are you walking a tightrope budget right now and trying to save money at home?
If so, you’re not alone.
Most of us are trying to spend less and save a little more, even if it’s just to help us get to the end of the month. But when you have a household to manage, rising bills and a tight budget, preserving your income can prove to be incredibly difficult.
Here I’ve gathered 6 ways you can preserve your income and save money at home.
6 Ways To Save Money At Home
Many of us don’t have the luxury of saving for a rainy day, and in today’s financial climate and job uncertainty, it’s never been more important to have money set aside.
Thankfully, even the tightest of budgets should always have room to spare and money to save.
And by looking at ways to cut your overall costs and reducing the amount you spend, not just on your essentials and your utilities, you and your family will have more money to play with (and save) each month.
1. Switch To A Combi Boiler to save money at home
If your home is relying on a conventional boiler, then there are savings to be had.
Switching to a combi boiler means improving the energy efficiency in your home and keeping your energy bills at an all-time low.
You can also lower your heating bill with these tips.
If you’re worried about falling into fuel poverty or you’re concerned about the amount of energy you’re wasting on heating and hot water then it might be time to make the switch.
A combi boiler means hot water on demand and a more efficient heating system which can save you hundreds of pounds every year.
2. Cut Back On Those Bad Habits
From smoking to drinking, whatever your vice is it’s probably costing you more money than you think.
If you’re not prepared to give up your Saturday night bottle of wine, then simply cut back in the week instead.
3. Air Dry Your Clothes To Save Money At Home
If you have a tumble drier, it’s time to turn it off.
Tumble driers come with high running costs and can cause damage to your clothes, increasing your electricity and clothing bills.
Start airdrying your clothes instead. This will help cut back on energy bills and is also better for the environment!
4. Pay Your Insurances In Full
If you need a car to get from A to B, you’ll understand how expensive the running costs are.
Consider paying for your car insurance in full and you’ll probably get a discount from your provider.
5. Learn To Say “No”!
If you have children, no doubt you’ll be put under a lot of pressure to buy them the latest trainers, toys and gadgets.
How about VBucks for the Fortnite lovers?!
Even though all their friends have these things (although this is debatable) learning to say “no” once in a while can help you save money and reduce the costs at home.
6. And Finally, Try To Automate Your Savings
Revisiting your budget monthly will help highlight areas where you can save money.
Any savings you make should go straight into your savings fund.
Set up an automated payment on payday, so you have a steady amount of cash flowing into your rainy-day fund, rather than the dregs of your current account each month.