Spending more time at home means you are using your utilities and appliances more than you might typically, so your costs are bound to skyrocket. This means that you’re probably using the internet more for work and at the same time keeping you entertained for longer than usual.
Here are six ways to keep your costs down if you’re currently self-isolating because of the Coronavirus or working from home.
Set a budget
Set yourself a budget and make sure your essentials are covered first. But don’t forget to do your research so that you don’t miss out on any discounts.
Only buy what’s necessary
Only buy what you need because stockpiling adds up, and try to use free local delivery services to save on costs.
Run your appliances on efficient cycles
Run your appliances on energy/water efficient cycles, and only run when it’s absolutely necessary.
Wear appropriate clothing
Popping on another layer and dropping the heating temperature down by even one degree will save you plenty of money.
Turn off non-essential lights and power points
You can keep your electricity costs down by turning off non-essential lights and power points; you’ll be amazed at the savings across the year.
Shop around for value for utilities and internet packages to get the best deal available. Consider the many ‘no lock in’ contracts available that enable you to roll back at a later date…and watch how much you are spending on subscriptions.
Don’t spend money on non-essential items
In current economic uncertain times, it’s not advisable to spend money on non-essential items, luxury bags, and expensive watches – even if they are on sale. There’ll be plenty of retail opportunities down the track.
Don’t forget to check what’s coming out of your account as an automatic subscription. While each may be small – they can add up to a considerable amount. You can pause or unsubscribe from entertainment and gaming app subscriptions and pause any charity donations that will be difficult to maintain.
This article was sourced from the Property Investors Alliance