The COVID 19 pandemic has caused a major setback to so many people. Some companies had to let go of some employees. Therefore, so many people lost their jobs. Also, schools got closed. Thus people who got jobs from schools also had limited means of survival.
WHO has made strict measures to control the spread of the virus. Quarantine is one of the measures together with social distancing. The worst part about all these is that no one saw it coming. Thus so many people are suffering as they try to adapt to the new normal.
To keep up with the situation, we need to learn how to save more money. There is no guarantee when the quarantine will be over, so you need to be ready. I will give you some of the ways that you can practice. Let’s help each other during this pandemic.
Start a Savings and Budget Account In the House
We all have to start somewhere. You do not necessarily have to go to the bank. Since you are on quarantine, consider having a piggy bank in the house. Engage members of the family to make use of the budget account.
Start a savings account by calculating how much you have and what you spend. Minimize luxury costs to create more money. Track the expenses every day so you can know where exactly you spend too much. Add the extra amount to the savings account.
Save The Money Sent On Meals
Before the pandemic, most people went out to eat. Most restaurants are longer in operation, and people have to eat from home. Please take it as an advantage by saving that money. You can start a cooking schedule and follow it.
Ensure the food on the schedule is affordable. Get the ingredients from a grocery store and cook a small amount. Encourage the household members to go on a diet. It is both healthy and saving of costs. You will then serve a small amount of food and keep the rest for tomorrow.
Minimize Unnecessary Subscriptions
This method mainly applies to those who have a limited income or none. Before the quarantine season, most people had so many subscriptions. I had up to eight of them. When I accounted for it, I realized how much I spent.
Most subscriptions are not basic needs. We can, therefore, do without them for a while. Alternatively, you can go for the lower package in the list. Save that money until things go back to normal.
Limit the Way You Use Your Resources
Some resources result in high bills. Sometimes they cost a lot of our income. We need these resources in almost everything we do, from house chores to work. However, we can limit their usage.
Minimize the amount of water utilized in the house. Avoid staying up late with the lights on. Encourage your household members to use water sparingly. Electricity and water are some of the resources we use. Therefore, minimize others as well.
Growing of Crops
Buying food is expensive, especially if you have to get the groceries from somewhere else. During this quarantine season, make use of the free time by growing food. By practicing farming, you will also be exercising because of the amount of work it has.
When you grow extra food, you will use it for food in the house and sell the extra. It will be saving you money and generating another source of income. Save on labor by asking for help in the garden from your family members.
Save more money during quarantine by making use of the extra time. There are so many things you can do that will help you in saving and making money. Since you never know how long it will take, you should start practicing as early as now.