Save Money Hound

There are many ways of saving money around the house through reducing your consumption of utilities like water, gas and power. Here are some suggested ways from the Save Money Hound to cut down on your power bill.

Save Money and reduce your power consumption
If you are going to bed and need to turn the air conditioner or heater on, use an auto timer and set the timer to heat up the room for an hour or two. There is no need to leave the airconditioner or heater on for the whole night when you only really need to warm up the room for an hour or two.

In our high consumption lifestyle that we lead these days, it takes extra effort to reuse, recycle to save money around the home. If we make a conscious effort to reuse and recycle, saving money at home can be quite effortless.  Get into good habits to recycle and reuse and saving money will become second nature.

Save Money Hound provides you with easy tips in this Part 2 article on how to save money at home.

There are countless ways to save money at home without even stepping out your door.

Save money in the bathroom

• Set your trusty timer in the shower for 2 minutes so you don’t waste water.

Setting up a budget for yourself or your family is a useful tool to learn how to save money. Budgeting need not be a complicated task. Save Money Hound has come up with a quick action plan to help you set up a simple budget and to help you find ways to save money.

Firstly, set up a household budget and decide your time period eg for the next year ahead.  Divide your budget into 3 main categories: fixed, variable and discretionary expenses.

Fixed costs are those costs you can’t avoid. For example, mortgage costs, household costs like your payment of your utilities and rates, if you own your home.  Variable costs are those costs which you still need to incur but that vary month to month..  Discretionary costs are non essential costs for entertainment, dining out, etc.

Saving money doesn’t necessarily equate to cramping your lifestyle. It is quite possible to save money as well as live better. Strive to lead a healthier lifestyle and the results will be manifold.  You will be able to live better as well as save money at the same time.

Here are some great ideas on saving money and living better from the Save Money Hound:

1. Save Money by eating at home
Eating at home is a good way of saving money as well as eating healthily to live better. Eating out and getting takeaway food can certainly chew up the budget. If you enjoy eating out and say eat out 5 times a week, maybe try reducing your consumption of takeaway food from 5 times to 3 times a week. q425rkv9zx