If you are like many living in the Savannah area during this tough time due to the on-going Coronavirus, you may find yourself having to make some adjustments to the way you have been living. While Congress has passed the mortgage relief program as part of the CARES Act, those 3 payments will be due within one year.
After reading this news article, I wanted to talk about 3 ways I have personally used to reduce my monthly expenses. Trying to save a little every month over a year is a lot easier than trying to save a significant amount of money over 1 or 2 months.
“Reduce utility bills by shutting off lights when you leave the room”
You would be surprised at how much money you can save every month by just making sure you turn off the lights when you leave the room. This is such a simple thing to do, but can really add up at the end of the month. You can also reduce utility bills by changing your thermostat a few degrees, or even turning it off and using a fan! If you have sprinklers in your lawn, consider running them one day less per week, or for half the time!
“Shop for food in bulk at places like Smart & Final, Sam’s Club or Costco, where you can get great deals without paying a premium for national brands“
Buying in bulk is a great way to save money! One thing we make sure to do in our household is buy non-perishable things that wont go bad, like toilet paper and paper towels. Buying fresh fruit in bulk can save you money, as long as it doesn’t go bad. Here is a pro tip, if you buy meat in bulk, break it down into smaller quantities and freeze it so it lasts a long time!
“Cut out extravagances such as going to lunch, facials, expensive haircuts, first-run movies and expensive theater and sports tickets”
Right now with much of the economy either shut down or restricted, you probably aren’t going out to the movies or sporting events. The key to this one is when everything starts to open back up, to fight the temptation to go out and spend your money on these items. If you feel the need to get out of the house, find a local park and pack a lunch. Only a small number of parks charge an admission fee, and by bringing your own lunch, you won’t have to spend the money at a restaurant!
If you have an extra house that you want to sell, you can consider selling it as is without putting any more money into it. We buy houses in all conditions around the Savannah area. Reach out to us to get a no obligation cash offer using the form below.