You have budgeted consciously and wisely for your household items but somehow you end up overspending over the course of the month like most of us.
You go ahead and do an investigation which reveals that the loopholes in your finances were not entirely from impulse buying or massive loans.
It’s not also the fact that you entertained friends and went out one too many times.
A meticulous tracking of your spending clearly shows that a lot of money was spent at home on what seemed to be minute responsibilities and obligations.
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You know cutting down on these expenses could surely go a long way in helping you become financially independent.
But how do you go about that?
One of the surest ways of reducing spending is buying commodities in bulk. More often than not, goods sold in dozens are often cheaper than those sold individually. For instance, a pack of tissue paper is cheaper than buying several single rolls.
Same applies to matchsticks which are often cheaper if bought in bulk.
Limiting shopping to once a month can also help in reducing spending as you will just buy what you need and use it wisely until the next month.
Not only does this give you ample time to concentrate on other important things, it also cultivates a culture of self-discipline and responsible indulgence.
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Electricity and water bills also have a tendency to uncontrollably soar up if not used in the best way and simple life hacks could go a long way in salvaging this.
Investing in energy saving bulbs could be one of them.These bulbs are about four times more energy efficient than incandescent bulbs and last for many years.
To conserve water, then ensure all the taps are always off while brushing your teeth, washing hands, doing dishes and any other house chores. Actually just ensure they are off when not in use.
Buying food items and putting them in the freezer is not only convenient but also cheaper as you can quickly spruce up a meal in case you are hungry or when guests show up unannounced.
Your phone is yet another money minting object you need to be very wary of. If not properly monitored, talk time and data can as well eat up half of your monthly budget. And the worst thing is that it might go unchecked as our lives are fully engrossed in the device and we can’t survive without it.
One of the simplest and effective ways to handle this is to purchase FLEX bundles by Safaricom.
Besides saving you money by letting you take charge of your consumption, FLEX bundles reward you with free Flex units every time you send money using M-Pesa amid other goodies. Just check out more here.
And with those simple tricks, gear yourself up for a money 2018.
FLEX #Inatosha
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