12 Ways to Make Your Money Stretch
12 Ways to Make Your Money Stretch!! You always want to stretch your money as far as you can. That is why it is important to regularly review your finances and your budget to ensure you’re staying on track. While budget-busters such as gas prices are completely out of your control, there are other things that affect your budget that you can take control of. The gas prices lately have went up in my area almost 20 cents, but we can help reduce the amount we spend by traveling less.
Here are twelve easy ways to make your money stretch further:
1. Take a bottle of water and a snack wherever you go. You won’t be so tempted to stop for high-dollar fast food, snacks or drinks. We do this and carry little off brand Crystal Light© packages for flavoring. Our savings have really added up!!
2. Buy in bulk. Household staples such as paper towels, toilet paper, shampoo, cleaning supplies, as well as peanut butter, dried fruits, nuts, canned goods and spices can be purchased in bulk at a much cheaper price. We shop at the local Amish Stores for the best deals–sometimes they will even barter with you!! It never hurts to ask!!
3. Learn to cook. One of the easiest ways to save money is by dining at home on nutritious home-cooked meals. Skip the dine-in, take-out and frozen prepared meals and instead learn to cook. You can make delicious homemade meals for a fraction of the cost of the alternatives. I’m so thankful I was taught how to cook from scratch, it is a huge money saver. However, it’s alright to indulge in guilty pleasures occasionally.
4. Use your freezer. Freezing or canning what you don’t use right away is a good way to shave more than a few dollars off your monthly grocery budget. Preparing food in large quantities and freezing the leftovers in individual servings is also a great to come home to after a long day. Just pop the meal in the microwave and presto! You have a hot, home-cooked meal in minutes. We also use leftovers to pack in my husband’s lunch box for work. That way he isn’t spending $5+ a day on meals out of the house. We even include snacks from home!!
If there are not enough leftovers for a meal, freeze it anyway. You can turn a lot of small portions into a great weekly soup or casserole.
5. Use coupons. You don’t have to take couponing to an extreme to save money. Just watch your local newspaper and check online coupon or manufactures websites when making your grocery list. Consider shopping at stores that offer to double the coupon to save twice as much.
6. Disinfectant wipes and paper towels are handy but they aren’t a necessity. Instead, use cloth napkins purchased from yard sales or make your own with that fabric you’ve had squirreled away in the attic. I made some out of material that I picked up for $1 a yard at my local Wal-Mart. I even sewed them myself and it was easy as pie!!
7. Lower your water bill by catching rainwater to water your plants and reusing water used to boil potatoes and pasta. When shampooing your hair, shaving and brushing your teeth, turn the faucet off until you need it again.
8. Unplug all ‘vampire electronics’ when not in use. Electronics such as DVD players,
9. Adjust the thermostat on your hot water heater. The default setting on most hot water tanks is 140 degrees Fahrenheit but the Department of Energy recommends that a tank be set at 120 degrees. This could save you up to 10% on your monthly bill.
10. Wash your laundry in cold water and line dry your clothes. Not only will this cut your energy consumption; it will also lengthen the life of your clothing. Don’t forget dryer balls in your dryer if you are going to use it. I save 7 minutes a load using them, that’s a huge money saver over the length of a year. Or you can make your own laundry soap. I have two recipes I have used in the past, but my favorite is the powdered version. Powdered Laundry Soap.
11. Don’t be afraid to shop at thrift stores and consignment shops. Often times you can find gently worn clothes for pennies on the dollar. Buy items that are versatile and can be worn during casual everyday outings as well as more professional settings. Mix your finds with a few new items and you can have a great-looking wardrobe for very little cost.
12. If public transportation is available, consider using it. This will give your wallet a much-needed break from automotive upkeep and high gas prices. If it isn’t available, look for carpooling opportunities, shop at places within walking distance, and plan your outings where you do all your shopping at once instead of making several short trips.
Small changes really can make a huge impact on your budget. It’s not hard to make your money stretch if you put your mind to it. And best of all, once you get in the habit of doing them, you won’t even miss the more expensive things. How do you save money at your house?
