Thinking of ways to save money can put you off the entire process, but it’s more than likely you’re already doing a few things to hold on to that extra money in your bank account. Here are some ways you’re unknowingly saving money.
You have a plan with unlimited mobile calls. These days, finding an affordable phone plan with included unlimited calls isn’t so difficult. Having this option available also means you can dump your landline if you want.
Pick your produce
Not only is buying loose vegies instead of packaged ones often cheaper per kilo, it also means that you have your pick of the produce and not wind up finding a piece of rotten produce when you get home.
Every now and then, you leave your credit and debit cards at home and just take cash when you go out. This is a good way to limit spending.
Instead of going out to restaurants and cafes for meals, you prefer dinner parties and barbeques. While hosting often costs you more than a meal out, having guests bring a plate can work out, with you being able to enjoy leftovers for a few days afterwards.
Instead of throwing out stale bread, you process it and turn it into breadcrumbs, or you cut it into pieces and bake it in the oven – et voila, croutons!
Gifts from the heart
Who doesn’t appreciate homemade gifts? Whether it’s a knitted baby’s jumper, baked goods and preserves,or a vase handmade from clay, homemade gifts are not only cheaper, they’re also more personal.
You subscribe to deal websites, such as Catch of the Day, OzSale and Scoopon, to find great deals on goods, services and travel. This can pay off in a big way – as long as you use it to keep an eye out for things you need and not just things that take your fancy.
It makes sense that we end up adopting the habits of those around us, so if your friends tend to have responsible attitudes towards spending money, then it’s likely to rub off on you too. Keeping up with the Joneses is no one’s idea of a good life.
Turn it off
Turning electrical appliances off at the switch is a nightly ritual for some people, and it’s actually a good idea financially too. Around 10 per cent of the average Australian electricity bill is spent on standby power.
What are other good ways you’re saving? Please give us your tips.
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