Do you already live in your own space, or are you planning to? Then it's time to check out these tips so your wallet is prepared for that adventure.
Living alone is pricey since there is no one to share the bills with. But that doesn’t mean that there is nothing you can do to reduce those spendings.
There are plenty of pros to living alone, so if you like the idea take a look at these 6 money-saving hacks that will help your finances on your own:
Learn to cook
Instead of ordering takeout or buying food outside, learn how to cook. It’s not only healthier, but you’ll save more too. Try to find simple recipes online. Some meals don’t require a lot of ingredients and are really easy to prepare.
Do your own laundry
Instead of wasting your money on the dry cleaners, do your own laundry. A washing machine may be pricey, but you will save a lot in the long run. Don’t spend your money on a dryer either. Just get a rack and dry your clothes the old-fashioned way.
Get the basics first
Buy what you really need and the rest can come later. To save money, try asking your family members if they have any spare items you could use. Maybe they have a sofa they don’t want or an unused coffee machine that’s been collecting dust in the storeroom.
Plan your meals
Plan what you want to have for the week and stick to the items you have on your grocery list. To avoid wastage, take note of the ‘best before’ or ‘use by’ dates and cook the ones that are about to expire first.
Live by your means
Spend less than what you earn. Don’t spend on what you can’t afford. Swiping your credit card is easy and convenient, but it will lead to excessive debts. If you own a few cards, cancel them and just keep one for emergencies. If you have to use your card, make sure you pay it back immediately.
Get rid of unnecessary subscriptions
Magazines. Cable. Music streaming. Gaming. If you don’t need them, unsubscribe or find cheaper alternatives. You can also stop your subscription to newsletters from clothing brands, hotels, and others to help resist spending temptations.