Contacting the dreaded virus is not the only thing that most people are afraid of during this never ending global health crisis. Another big concern of the many of us is our deleting resources. There’s no denying that our sources of livelihood have been affected. Many lost jobs, and so they have to look for other income-generating activities. But of course, it is of great help if you budget your expenses wisely.
Indeed, saving part of our income can be a little more difficult these days. With most commodities increasing in prices, there are also items that we need to purchase. These includes PPEs, gadgets for home entertainment, and tools that will make as busy and productive in our homes. All these can really deplete your resources.
Here are some saving tips that can help you extend your finances for a much longer period.
Cancel Unnecessary Subscriptions
Subscriptions can make up a big chunk of your income. There may be no problem on your part paying all these before the pandemic when you were making enough money. But during these times, it may be best to choose which of the subscriptions are important. Begin cancelling your memberships to fitness gyms, health spas, and recreational venues. They may be useless now.
You can also cancel subscriptions to printed reading materials. You can update or entertain yourself by reading articles online.
Cook Your Meals
Food delivery is trending right now because of its convenience. But you feel like you are short of money, do not join the fray. Delivered items to your home are usually more expensive because of the added transportation cost and commission of the rider. By preparing your own meals, you are not only saving on money, but you can also make your meals even healthier.
Discover Income-Generating Hobbies
The pandemic is giving us more time to spend in our homes. Don’t lose the chance of earning more money by sitting all day on social media or watching TV. You are only increasing your electric bills. Rediscover old hobbies that can help you make money. Maybe, you were once a good sewer and your sewing machine is just around the corner? You can also plant vegetables for your sustenance or propagate your favorite ornamental plants for sale.
Avoid Impulsive Buying
Avoid Impulsive BuyingWhen you are trying to save on money, never buy things immediately. You may soon realize that the thing is not as essential as you thought. Sometimes, you can also substitute for that thing.
Indeed, we learned a lot of things during this pandemic and one of the most important things is saving for the rainy days. We are already experiencing the worst. When the next one comes, we know we are more ready.…