Ten Simple Tips to Control Your Cost of Living
Everyday we have cost of living. For example, we buy our food so that we have something to eat for our meal. We consume electricity regularly so we as well spend money while we work with our computers and other house appliances. We can’t really flee spending money but we can control it.
The question is: How can you manage your cost of living? For topmost persons, it is absolutely a hard task especially to mothers who are in-charge of budgeting their family’s money. Yeah it is hard at first but if you begin regulating at this time your cost of living, it would be easier as months go by. Here are some advises on whereby to manage expenses and save finances in the lengthened run:
1. Create a highest limit for your expenses each month or in a year. You must allocate your finances underneath this limit.
2. Record all your cost of living each month in spreadsheet so that you can observe where your wealth goes.
3. Buy your household supplies like soap, toothpaste, detergents and other stuffs in sale or bulk price. These are the items that not perish for a long period.
4. Consistently turn off lights and appliances when not in use.
5. Iron your apparel in one sitting and not in particular days.
6. If you have an empty land in your yard, grow vegetables that you always use like tomato, eggplant, pepper and other vegetables that is simple to plant and manage. In this way, you will lower your cost of living on food; the additional bonus may be better meal and free exercise while you’re gardening.
7. Allow one month to pass when you are enticed to buy an expensive clothes, shoes or gadgets. If you still want and desire to have that after a month, you may buy it as long as it is still less than your monthly limit of expenses. This tip is to spare you from rush buying.
8. Learn how to identify desires from necessities. Prioritize necessities so that you will spend your money on things you really need not on what you want.
9. Engage in quality hobbies while on the home such as reading books, playing musical instruments, knitting, gardening and other hobbies demanding no computers and appliances that consume electricity.
10. Eat fresh food and exercise frequently so that you will avoid being sick needing you to allocate money on medicines and/or hospital bills.
Regulating expenses is a must if you want to save more money. Spend on things you really need, not on comforts or things that you want.
Gilbert Tenorio is a personal investment blogger who loves writing on financial literacy, saving, investing, stocks, mutual funds and make money online. To get more information on how to apply a bank account at PSBank, you can go Financial Management blog for more details on saving, investing and make money online.
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