One of the ways I save money is by shaving costs off of necessary expenses. Remember, every saved penny adds up, so even if it’s a few dollars here and there, that will add up in the long run. In my opinion, this applies to your utility bills.
When Philip and I first got married, we went the entire winter without turning on the heat. We were poor after using nearly our entire savings on our condo’s down payment, so we cut costs where we could, and utilities was one of those areas. Every night when we came home from work, we’d put on our pajamas that included long socks, sweatshirts, and heavy blankets, and spend the evening keeping warm that way. Although I don’t know the exact amount, it saved us tons of money during that first winter.
We’ve softened since then and realized that there is frugality and then there is insanity. Also, I realize that people with young children probably shouldn’t keep the heater off when it’s 20 degrees outside. But in the winters after our first together, we’ve been careful and haven’t pushed the thermostat up as high as we want to. Just keeping a few degrees lower (or higher during the summer months) has saved us a significant amount of money because it’s shaving a few dollars off our bill every month.
By recognizing the yearly savings that come from small adjustments that we’ve talked about in Unnecessary Expenses Parts 1, 2, and 3, you begin thinking frugally. Suddenly you’ll begin to find all sorts of areas that you can trim your costs, and these will add up to big savings in the long run.