5 Simple Cost Saving Tips During the Pandemic

Social distancing likely means you’re spending less on day to day expenses, and with the current market uncertainty saving money is that much more important. Here are 5 easy ways that you can stretch your budget farther while still making the most of this time.

  1. Turn down the heat

Days are getting warmer and longer, which thankfully means it’s starting to cost less to heat your house. Save even more by turning the heat down or even off more frequently, and make sure to at least put on socks and a sweater before turning it up.

  1. Create and follow a meal plan

Make a list of what your household will have for breakfast, lunch and dinner for the next week, then figure out what ingredients you need to make it happen. Make your weekly grocery list based off it and make sure to stick to it to avoid spending, and wasting, more.

  1. Stock up on non-perishable items when they go on sale

We’re not saying you should buy a cart full of toilet paper, please be respectful and only buy what you need, but if the shelves are full and it’s on sale buying an extra one or two is a good way to get more for less.

  1. Go through everything in your house and use it before you buy anything new

You may have food that’s about to go past the best before date or older or even unopened games to provide entertainment. You’ll be surprised what you have tucked away or have forgotten about, and cleaning your house is a great, cost free way to spend your time.

  1. Limit how much you pay for subscriptions

Go with free music streaming services instead of paid, reach out to friends and family about sharing video streaming accounts, re-evaluate your cable TV package and either cut down on the channels you get or cut the cord all together.

For more budget help and financial advice please contact (877) 202-5722 or your Advisor. Stay happy and healthy!

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