When getting out of debt, you really have three options: reduce your debt amount, increase your income, or reduce your expenses. Usually, you’ll want to do a combo of all three, but by far the easiest is to reduce your expense. And one of the easiest ways to reduce your expenses is on common, recurring household expenses.
Here are a few simple ways anyone can save even more around the house.
1) Stop Paying a Yard Service
Homeowners spend around $100 to $300 per month on yard work. The more of this work a homeowner can do, the more they save. Additionally, working in the yard offers other benefits like a sense of accomplishment, pride in the yard’s appearance, reduction of stress, and health benefits. Yard work is also great exercise.
2) Plan Meals Carefully
Planning meals is a wonderful way to save money on food waste. The average family wastes between 50 and 20 percent of the food they buy. Preparing meals ahead of time, and storing them in individual containers for reheating is one of the best ways to reduce waste and save money.
When preparing food, it is also helpful to use containers that are freezer and microwave safe. Using one box for food storage, heating, and serving meals reduces the number of dishes used and the frequency of dishwasher use.
3) Reduce Paper Products
Paper products are a significant expense, especially for larger families. If possible, it is best to use kitchen towels or reusable rags rather than paper towels. Using ceramic dishes that are dishwasher safe is also better than using paper products that are consumable and costly.
4) Don’t Overuse Products
The overuse of products is common. Many people think using more is better, but that is not always the case. Here are some of the most overused products:
- Body wash
- Cleaning products
To avoid overuse, it is essential to check product labels. Most items give consumers the correct amount to use, and reducing the amount consumed is a great way to save.
5) Switch to Long-Lasting Energy Efficient Lightbulbs
Changing traditional incandescent lightbulbs out for energy-efficient LED, fluorescent, or CFL bulbs requires a more substantial initial investment. However, the newer energy-friendly bulbs use less power, and they last longer.
6) Grow a Garden
Growing a garden is a perfect way to save money. It is incredibly easy to plant commonly used vegetables and herbs, even with limited space. Not to mention gardening is an excellent way to reduce stress and increase the appearance of an outdoor space.
Some items that are easy to grow and add up to significant savings are:
- Green onions
- Fruit trees
7) Compost Vegetables
Composting vegetables saves money, and it is also a great way to reduce food waste. It is relatively easy to start composting. A compost bucket is good because it prevents animals from getting into the food items and spreading them throughout the yard. However, it is not necessary to spend money on a specific container.
An old trash can makes an excellent compost bucket. Drilling holes in the top allows air to get inside. It is also a good idea to turn the compost frequently, so it decomposes evenly.
For those who do not have animals to worry about, a simple compost pile works. A specific section of the yard can serve as a compost pile location, and not using a bucket allows worms that add in the process to make their way into the compost. After the compost forms, it makes an excellent fertilizer for a home garden.
8) Cancel Unnecessary Subscription Services
Subscription services can add up to hundreds of dollars each month. Many users sign up for services using a credit card and automatic payments. So, they do not realize how much money is coming out of their accounts. So, it is a good idea to review what services are worth the money every few months and cancel any that are unnecessary.
9) Cancel Gym Memberships, Workout at Home
Working out at home is a lot more affordable than paying for a monthly gym membership. Gym memberships cost between $40 and $50 a month on average. So, working out at home instead is a perfect way to keep more money.
Many people who have memberships at fitness clubs do not even use them often, which makes the expense even less justified. When canceling a gym membership, it is essential to notify the gym as soon as possible. Many require cancelation at the beginning of the month. Otherwise, they charge for the next month.
10) Repurpose Household Items
Many household items are to repurpose. Using items already in the home is an excellent way to save money that would otherwise be necessary to buy new things. Most containers from the store are suitable for storing other items.
Some great examples are:
- Baby wipe containers
- Shoe boxes
- Plastic food containers
- Baby diaper boxes
- Glass jars
- Plastic and paper bags
Old shirts and clothing items make great rags for cleaning up messes. Plus, numerous other items are reusable.
It’s Easy to Save Money Around the Home
Saving money around the home does not take a lot of effort. Many of the things people can do become second nature after some time. So, there is no reason not to implement these money-saving tips.