Saving money for any average family may seem difficult with loads of responsibilities and commitments that keep coming. Saving does not mean cutting down on fun and basic needs, a little awareness of unnecessary wastage of money may help you to plan your budget and save thousands of dollars every year. Here are a 5 money saving tips for the average family.
1. Save on water bills
An average household uses more water than actually needed to fulfill
their daily needs. Unless a high flow faucet is necessary, using low flow faucets may help you save water. When doing laundry, always go for a full load to utilize the water used in every wash. Also, install low water faucets in bathrooms to reduce the amount of water flushed out in one go.
2. Reduce electricity consumption
Most average families may make a great saving by reducing unnecessary electricity consumption. Always unplug the electronic devices during the night. They pool a high amount of electricity even when turned off. Use natural daylight during the day by removing the blinds and installing skylights. Make sure your rooms are completely insulated to reduce heating and cooling needs. Use CFLs in place of traditional bulbs as they provide bright light in a comparatively low wattage.
3. Look for sales
Plan your shoppings beforehand. This will help you to look for sales that are offered by most stores occasionally. You can buy the same products at 30-50 % lesser cost if you wait for a sale. Look for a particular item in a variety of stores, to know who is offering you the best price. If you don’t have much time in hand, go online. Online stores are not only convenient and time saving, but they may also offer you heavy discounts throughout the year.
4. Buy a water filter
Bottled water may cost you a great deal of money each year. Buying your own water filter will save money while providing you pure drinkable water at a negligible cost. Moreover, you will be contributing to environmental conservation by saying ‘no’ to non-biodegradable plastic bottles that go for landfills.
5. Save on grocery shopping
Making a grocery list and sticking to it may help you reduce the cost of buying unnecessary items. Avoid taking your kids to a grocery shopping. They may get lured with kid’s products are are displayed cleverly by the stores at their eye level and make you buy those for them, even if there is no need. Also, look for items that are discounted and are not highly priced due to pre-packaging.
Besides the above money saving tips for the average family, it is important to consider food wastage. A lot of leftover food goes into the trash by most households. Fill your plate with the amount of food you can eat to prevent wastage. Refrigerate fruits and vegetables to prevent them from going bad. Also, freeze the leftover food for a ready to eat treat later on. This will save a lot of money that gets wasted in unused foods every year.