The Number One Tip For Frugal Living – Easy and Instant Money Saving Ideas
Last week I was asked to pinpoint the One frugal living tip to live by.
Go ahead, Google “best frugal tip.” You will find numerous ways to be frugal; you will find thousands of helpful articles and advice on the subject.
But the One and Only? The Absolutely Number One Most Important One to Rule Them All?
Put on the spot; I found myself uncharacteristically speechless.
Caught off my guard, I found myself unable to utter one word. How can I summaries frugal living in just one word?
I squeezed my brain for an answer. The only thing I could imagine, and the only thing I know in my heart that we all should be doing is: *drum rolls please* – Stop Energy Waste
Do you know how money tends to be earned slowly and spent quickly? Well, add its sneaky habit of vanishing into thin air without warning to the list. Sometimes, it just jumps out of your pockets and escapes, never to be seen again. Some other times, you just forget where you put it.
We work so hard for money, yet we are bombarded by crafty ads that make us forget how hard it was, and how easy spending is.
It’s safe to say that conservation is a big part of frugal living. That reducing waste is fundamental to frugal living. Below is big three things that drain our wallet, which if we do something about, we could save our health, money, and yes, our environment.
Stop Food Waste
On average, the typical UK family waste around £60 worth of food, which is the equivalent of a full meal every day. The average Briton household is probably losing thousands of pounds each year. Doing the maths, this could mean that you are buying food that you won’t eat, with money you don’t have, which can put you in debt. So, stop food waste.
Stop Electricity Waste
Electricity is invisible to human eyes, but not wallets. Let me explain, when you throw away food in the trash bin, it feels real because it is something tangible. You can see the money wasted and feel the loss. But you don’t see the electricity; you see its effects.
According to the World Energy Council, the UK typical household power consumption is 4,600 kWh. Of course, many factors like occupants, house size, and appliances determine the bills. However, intelligent use of electricity not only save you money but reduce your carbon footprint as well.
Stop Water Waste
The average UK household water and sewerage bill in 2017-18 is £395, equalising to £1.08 per day, which is an increase of 2%. What does that mean for you? In the long run, you will either find creative ways to make ends meet, or use your water smartly.
You use nearly 10 percent of water for basic survival like drinking and cooking. The rest? It really goes down the toilet. Turn off the tap when you wash your teeth, don’t spend hours in the shower, use your dishwasher and washing machines wisely. This last one is important because you get to save water and save electricity too.