Staying Home May Save You Money
Right now during the COVID-19 pandemic, people are spending a lot of time at home. While I'm sure there is plenty that can be done while home, sometimes boredom sets in. When this happens, some people tend to do a lot of extra snacking, others do a lot of extra spending.
Snap out of it!
The time spent at home is a great opportunity to put your money on a diet. An opportunity to slow the spending, to focus on saving and investing. Instead of wastefully spending money online (which only lowers your net worth) focus on finding ways to increase your bottom line.
Potential Saving Opportunities as a Result of Being Home
- Savings on Gas
- With many people now working from home, or temporarily home, you're likely to do less driving which means less money spent on gas. For essential workers, gas prices are low right now so there are still some savings, as a result.
- More time at home
- If you're an on-the-go type of person, being home for so long can be somewhat of a challenge, however, being home also means less spending out.
- Entertainment Savings
- With bars and other social scenes closed, concerts and events canceled, there are opportunities to save money in the entertainment/fun categories of one's budget.
- Home Cooked Meals
- Buying groceries and cooking at home typically leads to savings if you tend to dine out often. If you do order food, try to support local restaurants that need your business.
- Less In-Store Shopping
- If you're one who typically does a lot of physical shopping, literally going from store to store, you're in luck! Having a limited selection of open stores to visit is going to save you some money. For those who shop online, be strong. Just close the browser!
These are just some of the ways to save money while spending more time at home. Extra savings can be used to pay off bills, build your emergency fund, or be invested.
Spend your time and money wisely while staying home!😉