5 TIPS TO SAVE AND REDUCE EXPENSES AT HOME

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Keeping household expenses afloat is not easy. Rent, services, tuition, even meals away from home, make it difficult to generate savings, especially when there is no planning involved. According to research carried out by Pigg o , an application focused on personal savings, 99% of Mexicans consider it very difficult to save, a situation that leads to debt or other problems linked to bad financial practices. How to start? test-buy-houseMaking the decision to plan future expenses is the first step — forced savings will end in a short time and will not become a habit. We recommend you start with these measures inside your home. 1. Measure energy consumption If your house does not have large windows, paint the walls with light colors; These increase the amount of light and decrease the need to have the lights on. Likewise, use efficient appliances; If possible, choose those with a Class A energy label. Tip: If you can't change your devices, use the ones you have responsibly. Don't forget to replace your incandescent bulbs with LED lights. 2. Buy smartly The famous ant expenses are your wallet's worst enemy. Before buying something, think about whether you really need it.If so, choose the most viable or economical option. Tip: If you want to remodel or change a piece of furniture, visit a second-hand store or take advantage of the sales. You can also make a monthly spending plan and stick to it as much Central African Republic Email List as possible. This way you will know what you spend and what you spend it on. 3. Change your habits and save water In addition to helping take care of the planet, you will save more than you imagine. You can use economizers on your faucets or use less water during your activities. Tip: Consider that hot water accounts for a quarter of the energy consumption of a normal home. Use single-lever faucets that allow hot and cold water to be mixed. 4. Have a garage sale If you need to spend on a repair or purchase of an appliance - for example - get the money by selling everything you no longer use. You will see that you will be able to recover a little of your first investment. Tip: If you don't have time for a sale of this type, you can do it online.



This medium facilitates any buying and selling process. 5. Invest in your own house Rent represents one of the largest and most important expenses within the home. Although it is necessary, it covers a large part of the monthly salary and does not represent any type of investment. Sometimes, the amount you pay in rent could cover the monthly payment on a mortgage . In this case, you would continue paying according to your income without throwing money away. Some tips Tip 1: To make a real and informed decision, it is important to calculate how much you could pay based on your salary and monthly expenses. From this, you can decide whether or not you are ready to take that big step . Tip 2: A mortgage loan offers the opportunity to buy a property and pay for it in the long term. However, you must consider the initial expenses , which include the down payment on the house, the appraisal, notary expenses, among others. Tip 3: If you are prepared to form your assets, we recommend taking advantage of the notary day to reduce the amount of notary expenses by up to 60%. Remember, the worst enemy of savings is improvisation. Try to keep control of your expenses and think about each of your purchases in the future. If you want to stop paying rent and invest in your own home, pre-approve your credit with Smart Lending, now Yave. You do not need documents and the process is 100% online.