Savings 101

Sequel to my investment post, I thought to share with you 10 ways to save as much money as possible in these financially crazy times. They include:

• Living within (or better still below) your means. This is not the time for Gucci belt and ferragamo sunglasses - unless you are Warren Buffet or Femi Otedola. LOL

• Take advantage of sales and discounts. Buy items at a bargain. Look out for good deals.

• Save up on water and energy usage. Turn off electrical gadgets when not in use. Run full loads of laundry and dishes.

• Avoid waste! Especially food waste. It is okay to eat leftovers that have not gone bad.

• Create a budget and stick to it. Enough said!

• Buy generic/store brands rather than brand named items.

• Pack your lunch. Eat at home. This could save you money each month and it’s healthier too

• Cancel unnecessary memberships/subscriptions. Say good bye to that gym membership or magazine subscription you no longer need

• Buy non-perishable items in bulk. Bulk buying mostly offer the best deals compared to buying per unit.

• Consider buying used items versus brand new eg. cars, clothes, electronics, furniture etc

What else can you add to this list? Would love to read from you.

Until my next post, stay safe, stay strong and keep hope alive!

Love,

Peony N Spice

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