Terris Little Haven

I’ve traded scrubs for relaxation as a retired nurse, soaking up the Southern charm in Georgia and living my ultimate life! With my furry friends by my side, I’m not just a tiny house dweller – I’m a tiny house enthusiast, blogging my heart out along the way!

FinancesFinancial Planning

Simple Tricks for Reducing your Cost of Living

Do you want to reduce your cost of living? If so then you’ll need to make some changes to your lifestyle. This is easy to do if you know what steps to take, which you’ll find below.

Track your Spending

The first step you need to take would be for you to track your spending. By doing this, you can then make sure that you understand your financial position overall. Work out what money you have coming in, and what you have going out. There are a lot of tools that you can use to figure out this kind of information, and it is a great way for you to pinpoint where you could be going wrong. If you have a small fortune going out on a gym membership that you barely use then this is just one way that you can save a lot of money.

Haggle where Possible

Lots of people like to look at all the ways that they can save money through things that they use on a daily basis. One way for you to do this would be for you to haggle. See if you can get your phone, broadband or even paid-for TV services cheaper. If you drive, see if you can get your car insurance cheaper. Getting a cheaper car in general can also be a good idea. A small Mercedes convertible will use less fuel than a big Jeep for example.

Turn Down your Heating

Another thing you can do is try and turn your heating down. Almost half of the money you spend on your energy bills will probably go on the cost of heating and cooling your home. If you can turn your heating down, just by a few degrees, then you may notice a huge difference in your energy bills. If you are on a very low income then there is help out there, so make sure that you give that some thought and that you explore all of the ways you could get some extra money coming in. 

Cut your Food Bill

Your food shop will probably be one of the biggest costs that you end up having to budget for. If you can look for ways to save money then you will soon find that food costs become much easier for you to deal with. Save money by also preparing your meals as this is cheaper than going out and buying a takeaway. You might also want to look into the idea of bulk-cooking your meals. Try to cook huge batches of chili or even look into making curries in bulk. If you can do this then you will soon find that it is easier for you to cut down on the amount of food you waste and you can also save yourself from having to cook every day. This can save washing up which will impact your energy bills too, so make sure that you keep that in mind as it could make a major difference to your cost of living.

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