Tips and Tricks for Staying on Budget
Money is always tight when you are trying to manage a household on a budget. It seems like every time you turn around, there’s another unexpected expense. But it doesn’t have to be that way! Scot French will discuss some tips and tricks for saving money around the house. We’ll cover everything from grocery shopping to energy costs. So read on, and start saving!
The first thing you need to do when trying to save money around the house is to make a budget. sit down and figure out what your monthly income is, and then list all of your fixed expenses like rent or mortgage payments, car payments, insurance, etc. Then, list your variable expenses like groceries, gas, entertainment, etc. Finally, subtract your total expenses from your income to see how much money you have left over each month.
If you find that you are not bringing in enough money to cover all of your expenses each month, it’s time to start making some changes. One way to do this is to cut back on your variable expenses. For example, if you eat out for lunch every day, try packing a lunch from home instead. You’ll be surprised how much money you can save by making small changes like this.
Another way to save money around the house is to be mindful of your energy consumption. Did you know that heating and cooling your home can account for up to 50% of your total energy bill? So, if you’re looking to save some money, make sure to keep your thermostat set at a comfortable temperature. In the winter, aim for 68 degrees and in the summer, 76 degrees. You can also save money on your energy bill by using energy-efficient light bulbs and appliances.…