According to a study conducted by SMG Insight/YouGov for Genworth Lifestyle Protection Insurance, one in two French people save less than 50 euros per month. However, there is no shortage of money-saving tips. In the rest of this article, we share with you our best tips for saving money in a simple way on a daily basis.
The 6 best tips for saving
We invite you to discover the 6 simple gestures to adopt to save money.
First tip for saving: set a budget
Controlling your budget is the best way to save. Indeed, if you want to save money, you must track your income and expenses. If you want to save money, it is imperative that you compare these two elements.
By doing so, you will be able to save some of what you earn or at least avoid debt.
Second tip for saving: distinguish between your fixed costs and your variable costs
Fixed expenses are fixed expenses, such as rent or utility bills. In general, they are difficult to adjust.
As for the variable costs, they are easily adjustable since you just have to reduce your consumption to reduce them.
So, save money by identifying the variable loads that you can reduce. It should, however, be known that this solution to save is often difficult to apply. To help you, you can download a budgeting app.
Third tip for saving: automate your savings
Automating your savings contributions can also save you money. It’s about saving money on a regular basis. To do this, set up an automatic transfer from your current account to your savings account.
To make significant savings through this method, you must reduce your expenses. Thus, you will have the possibility of choosing a larger amount to save.
Fourth saving tip: set a spending limit
Setting a limit on the amount you can spend on your credit card is also one of the tips that will help you save money. This saves you from overspending and saves you money on a programmed basis.
Many banks have implemented this option to help you save money.
Fifth tip for saving: make a shopping list
Not buying compulsively can also save you money. To achieve this, you need to make a list of the items you want. You also have the option of saving the advertisements that appealed to you. So you can make your purchases when your budget allows.
This way to save money is also useful for those around you. So, do not hesitate to share it around you so that everyone can save money. Plus, it can help everyone find holiday gift ideas easily.
Sixth tip for saving: reduce your electricity consumption
The electricity bill represents a significant part of the expenses within a household. Thus, to make significant savings, you must save electricity.
Turn off the light when leaving
Turning off the light when leaving a room can lower the electricity bills you pay. You should also teach this simple gesture to your children to consume less electricity.
Do not hesitate to place your desks, your sofa, etc. near windows to achieve some energy savings. This allows you to enjoy natural light for as long as possible and save on your bill.
Adopting light colors for your interior can also reduce your electricity bill. This kind of tint reflects light better and allows you to optimally illuminate your rooms.
Unplug unused electrical appliances
Also, don’t keep your appliances on standby when you’re not using them to reduce the electricity bill you pay. In sleep mode, your computer, game console or TV continues to consume energy.
It is better to turn them off or unplug them to reduce your energy consumption.
Opt for LED lamps
To reduce your electricity bill, also replace your traditional light bulbs with LED lamps. These are very economical and allow you to save energy.
In addition, LED bulbs have a long lifespan, which allows you to make additional savings.
Choose the right room temperature
Reducing your heating bill also gives you the opportunity to save considerable electricity. Save energy by adjusting the temperature of your rooms according to their use.
Here are our tips for saving heating at home:
for rooms occupied all day such as living rooms, opt for a high temperature (within 20°C);
for those you use less like bedrooms, prefer a fairly low temperature (around 17°C).
Reduce your electricity bill even more effectively by investing in a smart thermostat. This device, whose role is to adjust your heating, would make it possible to make heating savings of up to 20%.
