Five ways to tighten up your budget

The world we live in can be a rather expensive place and when salaries are not increasing to match these pricey times, one can sometimes be at a loss about where and how to save some extra cash for the future. These tricky times can take quite some negotiating and it’s important to know what you are doing when it really comes down to it.

 

Get the right price for your power

When you compare energy prices with other providers ( if you need to compare energy prices use Econnex site), you will come to see that they are sometimes not nearly the same and each offer something different for the price you are paying them. Take the time to make a list and to see what you are getting for your hard earned money. If this list is more one sided and there are in the end more pros than cons to starting or ending with one provider, then at least you can rest assured that you gave the comparison your absolute best shot.

Ask others who have been down this road before

You don’t have to come at this from an entirely fresh angle. In fact, you would do well to seek the advice and the insight of others who have walked this path previously. They would have come up with so-called hacks and ideas that you can explore for yourself, ensuring that you extract the best deal out of the situation for yourself. It won’t always be possible, but sometimes there will be electricity rebates and discounts on offer.

Look to the other areas of your life

You don’t have to confine the so-called search to one field of your fraternity. You can actually look around and see that the expenses you have to pay for are not limited to one or two areas, but in fact four or five more. These areas, then, also need to be audited so you can tally up the numbers and see what you indeed didn’t and don’t have to spend after all.

Talk to your family and see if or where they can help

The onus does not have to be entirely on you. A group effort could brainstorm certain things that you otherwise might not have thought about. That’s the great power about collective thinking and collective contribution. From your son and daughter, if you have, to your brother and sister, if they exist – anyone living in the household can make a valuable contribution to this and help the overall family tighten the proverbial financial belt.

Be ready to count the cost at the end of it all

As much as you mean well and determined to save, you might not always be able to gather as much of a saving as you had hoped for and anticipated. You can then maybe go through the process again and perhaps tighten up some numbers even more. Don’t short change yourself but you must also be ready to understand that this is not going to make your rich, but just financially smarter.