Saving money is always easier to say than done. Some expenses are inevitable and unforeseen, while some others can be avoided and cut entirely. And the challenge of trying to live more frugal lies in the wisdom of prioritizing the life cost.
Here is the guide to wisely spend your income on things that really matter.
Scrutinizing the meal budget
Cooking and preparing the meals by ourselves will clearly save us a lot of money if compared to always relying on fast food and the delivery service. On average, we eat three times a day, of which the cost is followed by the beverages. If we are conditioned to have breakfast, lunch, and dinner, all of them outside, then we are spending around 27$ for the cheapest meal packages each day.
Learn to cook from online sources. Experiment with your local ingredients, and do not be afraid to make mistakes because once you can cook for yourself, you can save more than 50% of your life cost.
When storing the raw ingredients, you should try having two separate fridges: a deep-freeze fridge for meat and fish, and another regular fridge. The idea is to stockpile meat and fish, which is normally the most expensive cooking ingredients, and to buy them in a large quantity at once. By this method, you will not get affected by the market’s fluctuating price, especially when it follows the seasonal change. You can hoard your stock during the sale and save it for later.
Evaluating your house’s energy use
When the summer comes, most electricity goes to power up household air conditioners. When the winter comes, electricity is for the heaters. If the heating and cooling system in our house is broken and no longer efficient to function, then we will face expensive monthly costs for wasted energy.
Make sure your house gets evaluated by an energy auditor. A house energy audit is an assessment of how efficient the energy use of the household is. Leakage, poor insulation, and a worn out piping system, which makes heating and cooling system lose its efficiency, can all be detected and fixed.
Energy use evaluation does not target only electrical usage. Clogged drainage that needs an unnecessary amount of water to flush is also a wasteful condition that requires an immediate fix.
Get inspired by DIY (Do It Yourself) videos
You should watch DIY videos, especially the ones that discuss restoration and easy-to-do projects. Plenty of the videos show how to repair and repurpose broken furniture. Used auto tires can be transformed into tables with just small adjustment. Torn clothes can be sewn and knitted into an ornamental object. These are the trinkets on which we usually spend our money. And by making them ourselves, we can use our money for other things which are more urgent and essential, such as saving for insurance and retirement plan.