It can often be quite surprising when you start living on your own rather than with your parents because owning or renting a home is a lot more expensive than you might initially think. You don’t just have to think of the mortgage or rent cost; there are plenty of other bills to pay, food to buy, and expenses to pay out for on top of that big chunk of cash each month.
Because of this, it can be a good idea to try to keep the costs down in your home as much as possible. Even if you’ve been living in your own place for many years now, cutting costs can be a useful exercise. Read on for some ideas on how to do it.
It’s so easy just to stick with the same suppliers for your electricity and gas, for your phone and broadband. It’s even comfortable to stick with the same grocery store and brands that you usually buy. You know what you’re getting when you do this; you won’t be disappointed.
Yet you might also be paying far too much for your everyday household items by staying loyal. This is why it’s useful to shop around and look at the prices you could get elsewhere. Trying to do this every three months or so, just to be sure you’re paying the right amount. Once you start comparing costs, you may well be surprised at the amount of money you could save.
Do It Yourself
Household maintenance is a crucial part of living on your own, but calling out an expert every time something needs fixing is going to start adding up, and that’s where a significant proportion of your money might go.
To save a lot of expenditure, try to do some of the work yourself. Unless it’s something that really does need an expert hand to ensure it is done safely and correctly, if you can do it yourself, you’ll have plenty of money saved, and you’ll learn new skills too. You simply need to find a good supplier like Mark’s Plumbing Parts and set aside enough time to make the repairs.
Don’t Need It? Ditch It!
Another excellent way to save money in your home is to check through your bank statement and credit card statements carefully. If you don’t do this, you might miss the fact that you’re paying out for services you no longer even use. It’s easy to stop using a TV package, for example, but to continue to pay for it. Or you might have warranties on furniture or electrical goods that you’re paying for even though you replaced those items some time ago.
There are dozens of examples of times when you’re paying out each month for something you don’t need, don’t want, or no longer have. If you take the time to have a look, you can cancel those charges and save money.
Even if you do still use some of the services, do you really need them, or would you manage quite well without them? If that’s the case, it’s time to cancel them – eventually you won’t miss them, and you can put the money you saved towards other things.
*this is a collaborative post*