The new year brings new goals to live better and spend less. Food/groceries is probably our biggest expense outside of the mortgage and I’m really trying to limit spontaneous trips to the store that add up. This week our moms are talking about the little things we do that really make a difference in our budget. Check out our best money saving tips for 2015!
We try to keep our electric bill in check. We do lots of different things like using power strips, using energy efficient appliances, and using smarter lights. You can find lots of energy saving tips here! I also do the $5 method. Every time I get a $5 bill it goes into savings. When I am out at the store, I try to spend just $5 less. It makes it easy and at the end of the year, all of those $5 bills really adds up!
My biggest tip is to turn down the thermostat a few degrees in the winter and turn it up a few degrees in the summer. Our heating/cooling bill is the biggest chunk of money spent and just by turning it up or down a few degrees can REALLY make a big difference. I’m a big believer in wearing layers in the winter. If you’re cold, put on a sweater…haha! Actually though…keeping it a little cooler in the house during the winter is better for you too. Doctors will tell you to keep your home between 65-70 degrees. The cooler the better, because heat dries up your sinuses, making infections easier to breed. Yuck!
Jenni (@sweetpennies) is the mom of one boy and writes at Sweet Pennies From Heaven. Sweet Pennies From Heaven is a hearth and home website that focuses on recipes, crafts and creating a comfortable home.
The thing we spend the most money on is food. If I slack in the menu planning department we are at the store a few times a week and it adds up fast. Really fast. This year I’m planning to be more strict with myself about planning a menu, doing one shopping trip a week, and shopping from the flyer so I can buy what’s on sale and plan my menu around that, stocking up while I can save. It makes a huge difference and just requires a little bit of planning each week!
I’m not much of a couponer or a flyer watcher. But I do watch our spending tightly so that we can focus on the priorities for our family — like retiring early and giving Sam an excellent education. When I am going shopping, I take out the amount of cash I want to spend for the day and keep to that budget. That way, I’m not tempted to use my credit card or overspend because I see something that’s too good of a deal to refuse. It’s worked well for our family and helped us keep on budget — which I’m really proud of!
What are your best money saving tips?
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