Follow These 15 Useful Tips And Avoid Wasting Your Hard Earned Money (2 of 3)

 

 

Always wait before you make a purchase

Big Purchase, Gesture

Human impulse is a really powerful thing, and of all the things that it can make us do, one thing that hurts your financial planning the most is a purchase that you make all of a sudden. In such cases, you should always try and wait for two or three days. If you still crave that product, you probably need it. On the other hand, if you no longer feel the urge to buy that item – hey congrats, you just saved some money by not buying a product you neither liked nor needed.

 

 

Be smart with electricity consumption

Brochure

We don’t realize this, but a lot of money is wasted when we simply don’t care about the electricity we end up consuming. So, the next time you decide to leave your house for a few hours or don’t need a product, always make sure to turn off that device or unplug it. According to an estimate by the Natural Resources Defense Council, a person ends up spending $165 annually on electricity for devices that he or she didn’t even use! So be smart with your electricity consumption and you could easily save money in just a year’s time.

 

 

Make it a point to buy clothes off-season

Purchasing Clothes, Fashion, Luggage and bags

Clothing retailers always work in seasonal cycles, so they have to make way for the new, season clothes. And to do that, they have to get rid of old clothes. This is a good thing for consumers, as right from skirts, swimwear, short-sleeve shirts or similar items will be priced way too down around October. Similarly, if you want to buy something puffy or cozy, April is the right time to buy it. Of course, if you are a fashionista, this would not work for you. But if you are not interested in the latest trends and simply love the classic styles, this will save you a ton of money for sure!

 

 

Go for a plugged-in thermostat

Electronics, White

Most people think smart thermostats are useless, or simply not worth the money. While it may be true that smart thermostats cost a bit of money, it is truly worth every penny. According to a recent study carried out by Nest, just by switching over to a plugged-in thermostat from an analog one can easily save at least $150 annually! Yes, the end does justify the means in this case, so it is a great idea to buy a smart thermostat and ditch that old, analog one.

 

 

Buy a new fridge

Energy Efficient Fridge, Food, Liquid, Bottle

If you don’t have an EPA Energy Star-certified refrigerator, it is high time you get one. Uncertified fridges aren’t exactly energy-friendly, and end up using way too much electricity than it usually should. For instance, if you still have that French door fridge that had a drawer freezer at the bottom – replace it with a more energy efficient version, and you can easily save somewhere around $200 a year! And if you are someone who is interested in data and facts, EPA also has a calculator that can help you with that.