Living on a budget is the key to financial freedom, but getting started can be frustrating. When we look at our expenses and see all the bills we are paying every month, it is easy to throw your hands up in disgust. But what about all those little expenses we incur? You may be surprised to discover how much the little expenses add up.
It is easy to rule out cuts in small things. A few dollars a month does not make a significant difference in the overall picture. But a few dollars here and a few dollars there adds up to a few dollars more. When you cut back on a lot of little things, you could end up with much more money at the end of the month.
Waste Not , Want Not
One thing we can do what is good for the budget is stop wasting so much. This can apply to many areas of our lives. From eating to home heating, waste equals money going down the drain unnecessarily.
Cooking for the family instead of eating takeout or eating out is a great way to save money. But if you throw away food it reduces the benefit. So if you have leftovers, do not let it end up in the trash. Some dishes freeze well , and this makes for an easy dinner when you do not have time to cook. You can also eat dinner leftovers for lunch the next day.
If your home is not well insulated, you’re probably losing a lot of money on heating and cooling. Insulation cost some money up front, but pays for itself quickly. If you have drafts coming in around your windows and doors, weatherstripping can help maintain the temperature of your home.
Most households spend an incredible amount on electricity. This can be avoided in part by using energy-efficient appliances and light bulbs. Turn off lights, televisions, computers and other devices when you’re not using them, and open blinds to take advantage of sunlight during the day.
Do yourself a favor : Do it yourself
Every time you pay someone to do something you could do yourself, you’re spending money unnecessarily. This applies to small things like buying coffee instead of making your own, as well as larger expenses such as home repairs.
Many of us buy a coffee or a drink in a shop or cafe on the way to work in the morning. This can really add up over time. Instead, make your own coffee or buy soda in 2-liter bottles and pour some into a smaller bottle or cup to take with you. The same applies to lunches. Instead of jumping for fast food, grab a sandwich or something microwavable to take to work.
While not all are good in all types of repairs and maintenance, most of us can do some things for ourselves. Maybe you could change your own oil instead of paying someone else to do it. If the walls need painting, consider getting friends and family to help you do that instead of hiring a painter. Things that you are able to fix yourself as opposed to having someone else repair for you can save a significant amount of money immediately.
When you add up the savings, little things can make a big difference in the budget. So take a look at your budget and see what small expenses are lurking there. If you can eliminate or reduce them, they could have a positive impact on your bottom line.