Before setting yourself the challenge of saving at home, you must pay off all the debts you have outstanding. Otherwise, they will always ‘haunt you’ and your savings will not be entirely real. Additionally, the longer you carry a debt, the higher the interest you will pay on it. Therefore, your first objective should be to pay your debts and then start saving.
3. Automate your savings
It consists of dedicating a fixed amount of your monthly income to savings automatically, just like you pay your rent or mortgage. You can set this option in your bank account so that an automatic transfer is made to your savings account each month.
4. Automate your invoices
Directing these frequent payments is the best way to not forget to comply with this obligation. This way, you will also avoid paying commissions if you are late on the date. Avoiding this small expense in commissions is a saving at home in the long run.
5. Set a spending limit
Configure your bank cards to set a monthly spending limit and cash withdrawal limit at ATMs. This way, you will not exceed that amount, and you will have better control over your expenses, especially the extraordinary ones.
6. Set a no-spend day every month
Another trick to save at home and stick to your budget is to get into the habit of not spending a single euro one day a month. Except for unavoidable fixed expenses, you should avoid purchases of any kind that day.
7. Make a savings account
One way to save at home is to dedicate an amount to this purpose each month. Our advice is that you open a bank account solely dedicated to that, so as not to touch that money except in case of necessity or to meet the objective for which you are saving (taking a trip, buying a computer, changing cars, etc.).
As we’ve already said, an easy way to meet this goal is to set up an automatic fixed transfer each month.
8. Save on purchases
One way to save at home is to check if you could spend less money on your usual purchase. Saving on purchases will be beneficial for your pocket
9. Improve your shopping list
The best way to save at home when shopping is to make a list of the products you need and stick to it. Apply these rules when creating it:
Avoid compulsive purchases and temptations. Take a good look at your refrigerator and pantry to see what you need. Don’t buy too much to avoid wasting food. Turn to the kitchen for use. Freeze foods that you are not going to consume immediately. Compare prices It is very important to compare the prices of different supermarkets because this will allow you to save a few euros on each purchase, which can mean a significant amount at the end of the month. Paying attention to the offers is essential in this case.
10. Buy in bulk
Buying products in bulk can be cheaper, especially when the family is large. They are quality and local products, with which you can buy the quantities you need without having any leftovers and, therefore, with the minimum possible waste.
11. Save on your electricity bill: Consume less energy
Energy efficiency is a basic measure if you don’t know how to save at home. It is one of the main monthly expenses and, therefore, you must control it. What gestures will help you
Change providers and choose one with a cheaper rate. There can be many euros of savings throughout the year. It uses LED bulbs, which are low consumption and longer lasting. Avoid temperature leaks. Check your doors and windows and you will spend less on heating or air conditioning. Use a smart thermostat to maintain a pleasant environment at home with optimal energy consumption.
12. Take advantage of offers and promotions
It is very important that you look at the offers, that you use the discount coupons, that you pay attention to the price reductions, etc. All this will help you save at home.
13. Take advantage of being at home
One way to save at home is to take advantage of being there. It is clear that, when we are away from our homes, the possibility of spending money increases.
14. Cook at home instead of eating out
Do you work remotely or do you have the day off? Take advantage of this to avoid going out to eat. Make your food, drink your coffee at home, etc. with gestures that help reduce your expenses
