You probably don’t need to be reminded of how bad the economy has become – throughout the world – in recent years. Most people you talk to these days are looking for ways to make their hard-earned cash go further. For some people, it has become imperative that they learn how to spend less because their lives have been seriously affected. Therefore, without further ado, let’s talk about some techniques you can use beginning today to start holding onto more of your cash.
For as long as anyone can remember, children’s clothes have been passed down from the oldest to the youngest as everyone gets older. This is a strategy that many parents use in order to save money yet still keep their children clothed. Using hand-me-down clothes is an excellent strategy simply because you’re giving clothes that are in perfect condition. In this particular case, your kids need to take care of their clothes for this strategy to work. Naturally, kids are kids and you know what they can potentially do to clothes. Repairing clothes, if they need to be, can be done in a variety of ways. Normal wear and tear is usually easy to fix. The more you pay for clothing, the longer it will last. Quality usually comes with a higher price tag.
Make it a habit to replace the filters on your air conditioning unit or heat pump. Some of them can be cleaned, but most need to be replaced. Most units will have a replaceable filter, but either way they will become clogged after a period of time. Avoid trying to clean the throw-away filters because they are impossible to clean. These filters are rated in microns, which means the holes are microscopic. To give you an example, a typical human hair is between 40 – 80 microns wide. A better idea is to buy replacement filters – they are available at home improvement centers or hardware stores – and your appliance will again operate at top efficiency. When filters become clogged and aren’t replaced timely, the appliance has to work harder to do its job and the air flow through the filter is reduced.
Every time you turn on a light or anything in your home, it bumps the electric meter just a little bit before it starts operating. This action has been documented and it’s important that you limit doing this as much as you can. We are, of course, referring mainly to the habit of turning a light off and on each time you enter or leave a room. This is usually habitual, and we don’t give it much thought. Nevertheless, it can make a difference on your electric bill. Have a chat with other members of your home and ask them to be more selective when using the switches for the lights. This may not be feasible with every room, so it’s up to you to determine where to make a change. You will save money if you simply leave the light switched on in a room that gets a lot of traffic.
It takes discipline to save money, but it’s worth it in the long run. Make a commitment to save money and then discipline yourself to see that you carry through on your commitment. When your savings begin to add up, ignore the growing balance. Don’t be tempted to start buying items you have wanted for a long time with this money you are saving for emergencies. That’s not why you’re going to all this effort to build up a cash nest.
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