This is a collaborative post by Ellie Jo with tips on saving money.
Most of us wouldn’t mind saving a few extra dollars each month, whether we are saving for something special, or looking to get out of debt. Saving money sometimes means making extra, whether you start your own side hustle business or you look into the listed surveys that you can take to earn some more cash. The biggest thing with saving money is knowing that you can continue to make it elsewhere if you know where to look. Budgeting is much easier if you have more wiggle room on what you have to spend each month. For some simple ideas to save on your monthly expenses, check out these five options.
5 Ways to Save Money on Expenses
Try a smart thermostat
Using a smart thermostat can help you to save money on your monthly heating bills. Firstly, you input your ideal settings and temperature, and then the thermostat will learn how to create the right temperature for you.
Smart thermostats work to monitor your energy usage; they collect valuable data, which shows the amount of energy you use. You can adjust the thermostat manually, or let the thermostat set the temperature. Using the data, you can set targets for your energy expenses and start saving money.
A smart thermostat isn’t the only energy-saving device; there are plenty of other green devices that can help you save. First up, ensure that your house is kitted out with LED light bulbs. These light bulbs save energy, save money, and last longer than conventional bulbs.
You can also try devices that save water, including eco-taps, low-volume flush toilets, and water-saving showerheads. With all these green practices you’ll boost your savings along the way.
Grow your own
Growing your own food is a great way to save on your monthly expenses, by creating a vegetable garden you can live more sustainably and spend less on your grocery shop each month.
First up, you’ll want to create a nice compost pile, to ensure that your soil is rich and healthy. To get started with a vegetable Garden, it’s worth trying applications such as ‘My Garden Organizer.’ The app can help you to learn plenty of tips, manage your garden, and monitor your progress.
One of the easiest ways to save money is to plan your meals for the week. Once you’re in the habit of meal planning, you’ll only buy exactly what you need, meaning you’ll be less likely to overspend or end up with waste.
When you’re planning out your meals, apps like ‘Treehouse Table’ can be useful. The app asks you a few questions, including how much you want to spend, how much time you have, and any food preferences. Using this information, the Treehouse Table app creates your personalized meal plans and shopping lists.
Debt relief program
When you’re trying to improve your finances, it’s tough when you have a lot of debt holding you back. To help you fix your situation, it can be helpful to try a debt relief program.
Last up, to save money each month, you’ve got to draw up a strict budget. With the right budget in place, you’ll gain a clearer picture of your finances.