As inflation continues to rise, we are constantly looking for ways to save money.
And in the interest of service to our loyal readers, we have compiled a list of ten small saving habits that may be useful to you.
Scroll down and check them out.
Limit Getting Take Out and Eating Out
The pandemic led to an increased reliance on food delivery and takeout. (Aside from the convenience, it was pretty much the only choice. It’s not like anyone could go out.)
However, as the economy is opening up, you might have made this habit.
While you don’t think too much about it, the costs of ordering via delivery apps add up.
So, one of the good habits that save money is making your own food. Plan a menu a week before grocery shopping so you know what to buy, and then cook your own meals at home to save.
Brew Coffee At Home
Perhaps, one of the joys in your life is drinking coffee. Who can blame you?
Coffee has several health benefits (and gives you an energy boost to get you through the day).
Still, getting your usual order at a cafe is quite expensive.
Why not make your own cup instead? You can buy your preferred coffee beans from your favorite shop and brew them every morning, afternoon, or evening – at a fraction of the cost.
Invest in High-Quality Items
What deters people from getting good quality items is the price. Let’s face it. Quality goods are usually pricey.
However, if you think about it, these products can be used for a long time, which justifies the price.
Of course, it does not mean buying every extravagant piece of furniture or item.
Reserve your high-ticket purchases for high-quality items that you use daily.
Work On Your Do-It-Yourself (DIY) Skills
Having DIY skills is vital, especially for handling any home project.
Hiring someone to perform certain tasks or repairs is costly (not to mention, time-consuming).
So, to save both time and money, take time to hone your DIY skills like basic plumbing, painting, maintenance, and of course, cooking.
Prevent Impulse Purchases By Implementing a Waiting Period
When bored, some of us turn to online shopping. (The convenience and low prices are enticing!)
However, as tempting as it can be, don’t give in. At least not right away.
Set aside some time (from 48 hours to a few days) before buying the item.
During this period, ask yourself if you really want it. Most of the time, you don’t. And thus, you have just saved yourself a couple of hundred pesos.
Thrifting, which many will say is one of the many Filipino saving habits, can be a fun activity. It is also a huge money saver, not to mention being more environmentally friendly than buying brand-new stuff.
Still, it does require some skill to sift through piles to find something worthwhile, especially if you are shopping for used clothing.
Apart from that, you can also buy second-hand furniture. Just make sure that the items are still of great quality.
Set a Limit to Gift-Giving
Some Filipinos love giving gifts, especially during Christmas and birthdays. We often want to give only the best for our loved ones.
But if gift-giving causes stress and indebtedness, then set a budget for the gifts you buy. It would also help if you plan or purchase your gifts weeks or months in advance.
Review Your Subscriptions
There are lots of subscriptions, especially online streaming sites, right now on the market. It can often be quite difficult to keep track.
So, review your bank statements and see which ones are eating into your budget.
If you find anything that you no longer use or find joy in, cancel the subscription.
Keep Your Coins
We often underestimate the value of our loose change. As society moves towards cashless transactions, cash becomes “golden.”
As such, one of the many small habits to save money is putting your coins in a jar. You’d be surprised how much you’ll have saved up by the end of the year.
Have Regular Check-Ups
Of course, don’t neglect your overall health.
Many illnesses and diseases could be prevented if you undergo regular check-ups. If you’re not feeling well, go see a doctor.
Trust us, early detection will spare you from big, unexpected medical expenses.
Small Good Saving Habits, Big Financial Wins.
These are just a few saving habits you can cultivate. It might not be easy, but if you just keep on being consistent, these will become second nature to you.
As such, if you are looking to save more money, why not try working from home? Working remotely, after all, has many advantages. Look through Remote Staff’s job listings and you might find something that fits you!
Remote Staff has also been in the industry for over 15 years now and has helped countless Filipino remote workers. If you want to be part of the team, register today!