Practical Ways To Save Money During Pandemic!

Dated: 07/08/2020

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When times are tough, it can be the time to start reducing non-essential expenses. You would be amazed at just how much money you would save when you re-evaluate your spending and cut back on is not necessary! The outbreak leaves us with a unique situation that results in a lot of space for saving, so take a look at our list below regarding things you should think about cutting back on over these trying times.

 

1. Eating dinner out: With restaurants closed within our area, this should not be a challenge! If you're most likely someone who eats a lot, cooking extra meals from home will certainly save you hundreds dollars a month. Together with this extra family time we are getting, preparing food with everyone will become a great learning bonding experience that should continue even if Coronavirus is in the rearview.

 

2 . Start a Garden: An average household can save up to $25, 000 a year on food expenses in the event that they grow their very own garden! If you're considering this option, all you need is soil, tools, and seeds to be on the path to having produce. Try out lettuce, peppers, tomatoes, berries, lemon, and more!

 

3. Cancel Fitness Membership: It's not a good idea to go to public places nowadays. You can purchase some at-home workout tools so you can do the routine from there! Terminate that gym membership!

 

4. Change Insurance Deductibles: Select a higher deductible for a lower monthly payment. Switch homeowner's insurance, car insurance coverage, etc.

 

5. Watch exactly what You Eat: Make a new meal prep plan and stay with it! Research has shown that 70 percent of purchases are impulse buys, so before you go food shopping, create a list and stay to it. Also keep in mind the coupons--you can save as much as $30 a week!

 

6. Reduce Electricity Use: Two inefficient light bulbs use the same amount of electricity as a large computer. Replace them with efficient light bulbs and keep in mind to turn off things that are not in use. Always remember to unplug electronics that are not in use like stereos, workout equipment, etc.—they will cost you a fortune just by being plugged in! And finally, use fans when you can to cut back on air conditioning usage as this is the biggest power user in your home.

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