In difficult economic times like these we live in, it is a real challenge to find some proven ways to save money. One way to do so is through establishing your own forms of livelihood. Every day many people lose their jobs that provide the main source of income. Fortunately, the Internet revolution brought about the outsourcing and crowdsourcing ways of providing people worldwide with remote job positions allowing them to work on a flexible schedule in the comfort of their home.
Indeed online jobs turn out powerful weapon for building financial stability. However, sometimes even when you work hard being your own boss, you end up with no penny in your pocket due to children support, tax payments or unforeseen expenses. Good news is there are plenty of ways to save money. As long as you adopt the right habits and remain diligent, you can improve your financial health and live a happy and worriless life.
Here are a few useful ways to save money when working at home:
#15 Cut down TV costs
One very useful ways to save money is to reduce drastically the hours you spend watching TV. In fact, you can get a lot of benefits from this like, for example, less exposure to purchase-inviting commercials. Also, you will lower your electricity consumption and you be better focused on your work projects. Indeed, television can be huge distraction, especially for work-at-home professionals. Try reducing it and you’ll enjoy clear focus and high productivity when your mind isn’t that much not engaged to the reality TV shows, sitcoms and movies. Moreover, if you get rid of your cable or satellite TV, you will definitely optimize your costs per month.
#14 Control your shopping
Before you go to the grocery store, make a list of the most –needed stuff and stick to it. Include only those items that are essential for your daily meal consumption and avoid buying foods you rarely eat. Another good way to manage your shopping is, refrain from buying things impulsively. Everything costs money and when you’re on a limited budget, you should definitely beware of unplanned purchases.
#13 Quit smoking
Smoking is not only a deadly habit to you and people around you but it also is blatantly expensive. You can save hundreds of dollars if you at least cut down cigarettes. If you think this would be too difficult for you, then why not consider using anti-smoking products. You can still save money by switching to electronic cigarettes.
#12 Switch off the lights
There are so many things we use at home that impact the electricity bill like light bulbs. Take my advice: when there is plenty of natural light coming from outside the window, turn off the lights in the room. It’s advisable to set your home office desk near a window so you can get the most of the daylight. If you are a night owl, note that having lights switched on all night long adds heavy burden to your electricity bill so you might want to consider changing this habit in the name of your financial stability. Furthermore, when you work from home, you need enough light to do your job. In that case, it would be a wise move if you replace the traditional light bulbs with low-energy ones.
#11 Sell stuff you don’t need anymore
How long has it been since the last time you put on that dress, a year? Two years, maybe? When you are on a limited budget, it’s pointless to keep clothes, shoes or accessories you have fair intentions to use again anytime soon. If they don’t hold a significant value to you but remain in good condition, I suggest you sell them to people willing to pay a certain amount of money. One way to do that is arrange a yard sale, or you find buyers on eBay.
#10 Prepare your meals yourself
Eating out in fast food restaurants is another expensive habit you need to kill for good. Your health will benefit so much more if you replace the fast foods with home-made meals. There are plenty of meals that don’t require long time to prepare and are incredibly delicious. Add more vegetables, fruits and nuts to your diet and you’ll find yourself freshened up, full of energy and ready to take on more home-based tasks. Invest an hour or two in preparing a decent meal and you’ll have enough food to eat for the rest of the day and probably for tomorrow too. Thus, you save not just money but also time.
#9 Use cash instead of credit cards
If you want to stay poor and deal with money issues every month, go ahead and use credit cards. Studies report that the average consumer makes more purchases when using credit. Yes, it is easy to pay with a credit cards, in fact, it is too easy and that’s why, unwittingly, you spend a lot more than you can afford. Simply paying cash will save you so much and it is also a good way to keep track of your expenses.
#8 Drive down your insurance costs
Don’t you think you are paying too much on car insurance? If you are not comfortable ringing around to ask insurers for premium packages, use online insurance calculators or visit regularly insurance websites to learn more about ongoing deals. Or, you can simply call a broker, he or she will explore what’s on the market and offer you the deal that ideally suits your budget. This rule applies for health and life insurance as well.
#7 Buy second-hand stuff
Whether it is second-hand cars, second-hand clothes, electronics or furniture, there is nothing wrong in buying used stuff, especially when it saves you a decent amount of money. There are plenty of killer deals waiting for you. Why take a new high-priced couch from a fancy store when you can find one that has been barely used on eBay. Believe it or not, there are things for sale on eBay and similar platforms that are amazingly cheap and in excellent condition. For example, you can get an IKEA office desk on a low price only because it’s been slightly damaged during transportation. Worth a try!
#6 Pay your bills on time
Needless to say, when you pay your bills on time you avoid late fees, which can be $ 10 and even more per one bill. Whether it is your electricity or credit bill, pay them regularly. This is a good way to keep your credit profile clean.
#5 Borrow books from the library
Although buying new books to add to your home library is a fulfilling experience, it is also quite extravagant. When you’re on a tight budget but you need particular books, magazines, DVDs, or ebooks for professional use, simply go to the local library and borrow what you need. You’ll be surprised how much money you’ll save this way. Of course, you’ll have to return the books after you’ve finished using them, but for what is worth, your account balance would have improved considerably.
#4 Handle your vices
Like smoking, alcohol drinking is bad for your health. It also lowers your productivity, a risk that most work-from-home professionals can’t afford to take. By rule, our vices and obsessions cost huge amounts of money. Whether you are an excessive coffee or alcohol drinker, or you tend to spend more money on buying clothes or travelling around, you need to establish control on your desires in order to resolve your financial woes.
#3 Limit your night-outs
Although it may be hard to say “no” to your party animal friends, try to spend less time in night clubs for the next few weeks. Party activities are exciting, but they do waste most of your earnings. Being on a limited budget, now may not be the best time to attend cultural events either. Perhaps, you skip the upcoming blockbuster movie premier. There will be still plenty of other movies you’ll watch when you are not that concerned about your savings.
#2 Get free stuff
Free is definitely one of the most powerful words in the English language. Phrases like “Free stuff”, “Freebies”, “Buy two, get third for free” awake happy emotions in everyone. Without a doubt, getting free stuff is the best way to save money. So, get ready with a plan: do a research and find out the best places online to offer free things. From online baby journals, live tapings of favorite talk shows, medical evaluations and diagnosis, or live chats with beauty consultants, you’ll be surprised how many great sources for free stuff are out there, you only have to find those that meet your needs.
#1 Get the money-saving mindset
Creating an appropriate mindset is essential for your long-time success. It requires some positive thinking as well. Of course, money is not the most important thing in the world and it shouldn’t be your driving force. On the other hand, even it won’t buy health or happiness, admittedly, in today’s fast-paced world, you won’t last a single day with no money in your pocket. Working from home does help to decrease your general costs but still, you need to put further effort to boost your savings. You can’t tell what the future holds for you, therefore, it’s better to keep some money aside for rainy days.
What are your tips for when the money is tight and you’re living on next to nothing? We’d love to hear your ideas.