Tag Archives: Canadian savings

Where Should You Really Cut Back on Your Budget?

We post a lot of material about budgeting and more. There’s a lot out there. But, we think this post will really hit that sweet spot. This is literally going to explain what you have to do to feel comfortable and satisfied on a budget. You don’t have to cut out every single one of those things you like and then feel miserable. This is one of the reasons why so many budgets fail. Too much traditional savings advice focuses too strictly on removing all of the things an individual might love! Why not consider what motivates you as a way to cut your budget. Now, this works, and it has been proven. When you cut your budget to save for future things you have been long for, you have a reason for slashing your budget.

Just keep in mind that if you always feel deprived or dissatisfied due to your current budget model it isn’t going to last. There’s no way you can stick to something that makes you feel miserable all the time. However, if you look to the future and think of those things that really mean a lot to you, but which require cutting your budget you will do so. Let’s take this a bit further and dig in.

You Can Live Happy on a Budget

Budget wise

You can definitely live healthy and happy on a budget, there’s no reason why you can’t. You can still spend on things you enjoy too–there’s no reason to go without those, as long as you stick to a conservative budget. We all should do this and then there might be more personality when we venture out in public! You know what we mean. Those sour faces and poor personalities are often due to financial issues and budget concerns. The tips we are going to share with you now should change that.

What do you spend weekly on food? Consider a food budget!

12.5% of a budget often goes to food, but you can shave back here. Even if you choose to eat healthier, you can shop smarter. It’s important to establish a weekly spending amount on your consumables. Remember the rule: waste not want not–and this is more true than what you might think. There is too much wasteful spending at the grocery and specialty store.

Trim back on your energy costs and try to integrate green living habits!

Energy saving practices can ensure you and your family save a lot of money. Leaving lights on, not turning the faucet off properly, leaks in windows, long showers–all of these and more can impact your energy bill and cost quite a substantial amount annually. The Department of Energy states that simply unplugging devices that aren’t in constant use can potentially lower your energy costs by 10%. Getting into a habit of lowering your energy costs by being more responsible and carrying out home improvements can really add up in savings annually, versus losing money annually.

Cut back on luxury items you just never need or forget about

We’ve all done it, especially women…you’re out shopping and you see a new facial cleanser, or age complex lotion, or a perfume and immediately want it.  However, you end up not liking it and rarely using it. This is a waste. The best bet is to stick with those things you know you like, or at the very least, sample a product before buying it. If you can cut back in this category alone you can really save a lot of cash.

 Do your own housekeeping and weekly tasks on your own
Instead of going through the automated car wash that can cost upwards of $10 and more–wash your own car. You can put on the armor all yourself, though it might take more time, it gives you exercise too! We’ve become to dependent on convenience, and it costs us more than just unnecessary spending. Clean your own house, learn home improvement and more. You’ll be amazed at the extra funds you’ll have the end of the year!