Reducing household expenses in a tight economy doesn't mean subsisting on day-old bread or cloistering entertainment-hungry children in their bedrooms. But, it may require a bit of imagination and adoption of a more frugal mindset to equal a hefty savings in living and entertainment expenses.
The Library:
Anyone with a library card can save a bundle by checking out, free of charge, DVDs, the latest magazines, newspapers and bestsellers, and musical selections. Also, why not bypass the Internet café if you don't have the service at home and use the high-speed, Internet-access computer stations at the library.
The Shopping:
Cutting back on expenses by using common sense and coupons is a smart move too. Big savings can come by swapping expensive household cleaning products for cheaper but equally effective products such as baking soda, Borax and vinegar. With a lot of name brands, you are paying for the scent more than anything. The generics are just as good. It's not just about buying cheaper but about buying smarter.
The Extras:
To reduce expenses even further, cut out cable television or reduce expanded cable to basic cable.
Save on utilities by turning down the thermostat at night in the winter and when away from home for prolonged periods. Cut back even further by knocking the water heater down a few degrees.
Consider ditching your home telephone land lines if you primarily rely on cellular phones and you’ll save as much as $50 a month in fees. Or, consider bundling cell phone, Internet and cable television under one provider to pare separate monthly fees.
A no-nonsense approach to saving, such as by keeping a car longer and socking away the monthly sum that was used on a car loan once the debt is paid. Buy a quality, pre-owned car if you can where someone else already took the hit on the depreciation.
Save on utility fees by sealing off drafts, installing extra insulation, or closing off whole rooms that don't demand use. But be careful that any pipes in those rooms are well-insulated so they don't freeze.
Being frugal doesn't mean depriving oneself of enjoying life. If you enjoy Broadway plays that can wallop the wallet, try buying tickets for productions at local theaters, colleges and playhouses. Try splitting an entrée or appetizer with a friend or family member when dining at a restaurant. Browse second-hand and consignment shops for stylish clothing.
You don't have to give up things you enjoy. Don't stop buying clothes. Don't give up going to plays. Just make smarter selections and take a moment to consider your options when making any purchase.
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