Topic: Which practical stragtegies are you using to cut cost? - page 2. (Read 167 times)
Yep egg prices are soaring.
Cooking food for yourself indeed saves a lot in cutting costs. You can see more if you cook more that you won't have to cook for the next meal, you just have to heat the leftovers and go on for the rest of the day. Save some gas and use a bike if you are just going to a store nearby, healthy way of doing it I think.
For electricity consumption, using solar would help if you only live in a sunny area. Must be worth buying since I'm seeing my neighbor having it.
Yes food prices increases everyday without even reductions or a sign to show that there will be changes and of course those who buys things in bulk are the people who is gaining and cutting cost. Just as we do buy packs of water (Lasien ) size of 1.5 per liter at NGN 500 each while it's 6x3 inside at 2k currently but buying at single is worth about 3k so you see buying in bulk saves more money. Same thing applicable to Hollandia juice, exotic drink and others, buying them in bulk saves more money than buying them single.
That is I do love to cook and stock it inside freezer and when we need any of it then microwave it best than going to start the cooking process are afresh at then prices of things could be much more expensive. So cooking different varieties of food and stocked them up inside freezer helps a lot to reduce cost, this mostly helps those who are from Nigeria or African countries, this way it helps to reduce cost.
That is I do love to cook and stock it inside freezer and when we need any of it then microwave it best than going to start the cooking process are afresh at then prices of things could be much more expensive. So cooking different varieties of food and stocked them up inside freezer helps a lot to reduce cost, this mostly helps those who are from Nigeria or African countries, this way it helps to reduce cost.
I turn off electric bulbs and appliances not in use to make sure that I reduce my electricity consumption.
same here i cut the time i use the air conditioning unit especially now that it is not yet that hot it would be hotter in the summer but i will take advantage of the cold air in these few months plus it helps the environment tooQuote
I have planned to do more of cooking at home, and less buying of food from vendors because I am spending more on and cannot always trust the quality of the food I am buying.
buying in bulk helps me cut cost actually and it motivates me to make the dish at home instead of buying it from a fastfood restaurant 
For me this year, I don't intend to cut costs or reduce how and what I spend, but I am taking a different approach to saving myself some money this year, and that is to block some financial linkage around me.
In previous years, when I bought things from retail shops around my environment, I didn't ask for the price of things I let the seller do the calculations and tell me the final figures, this method of payment has cost me a lot of money since not everyone is trusted not to add what I did not buy to the bills.
So henceforth, I ask for the price of whatever I pick and calculate the total myself, this has helped save me some money this year and it helps me to discover price disparities in some goods since I now pay detailed attention to things.
In previous years, when I bought things from retail shops around my environment, I didn't ask for the price of things I let the seller do the calculations and tell me the final figures, this method of payment has cost me a lot of money since not everyone is trusted not to add what I did not buy to the bills.
So henceforth, I ask for the price of whatever I pick and calculate the total myself, this has helped save me some money this year and it helps me to discover price disparities in some goods since I now pay detailed attention to things.
I might not fully relate to this because my mindset in life is a bit different. I’m more of a spender, so my focus is on increasing my income. As long as the result of income - expenses is positive, I’m already happy with that.
But since it seems like you’re looking for advice (I assume), I think what you’re doing is fine as long as it doesn’t compromise your quality of life.
Here’s what I can suggest:
- Prioritize your needs over your wants.
- Live below your means (if you’re earning $2k a month, try living as if you’re earning $1k)
It’s a bit of general advice, but I hope it helps!
But since it seems like you’re looking for advice (I assume), I think what you’re doing is fine as long as it doesn’t compromise your quality of life.
Here’s what I can suggest:
- Prioritize your needs over your wants.
- Live below your means (if you’re earning $2k a month, try living as if you’re earning $1k)
It’s a bit of general advice, but I hope it helps!
You can either focus on cutting down the cost of living, or you can focus on increasing your earnings to match the economic situation of your country. The price of things is getting worse every day. By day, we can only introduce a pattern to reduce how much we spend on things we don't necessarily want and go for things we need more for our daily consumption and survival.
It will get to a point where even when you are economising, it won't still be enough to survive the stable increase of product price in the market, so if you ask me what my plans are for the year, I want to focus more on how I can increase my earnings so that enough money to compete with the price of the product will be made.
If you still want to get means of cutting down your expenses for those who travel down to the rural areas, they can stack up foodstuff from there; they are cheaper to buy from those areas compared to the city.
It will get to a point where even when you are economising, it won't still be enough to survive the stable increase of product price in the market, so if you ask me what my plans are for the year, I want to focus more on how I can increase my earnings so that enough money to compete with the price of the product will be made.
If you still want to get means of cutting down your expenses for those who travel down to the rural areas, they can stack up foodstuff from there; they are cheaper to buy from those areas compared to the city.
These all basic thing to cut cost.
But the question is do you happy to live like that for many many years? you have cut everything you can, you might cut cost for entertainment. It feels like you're just "exist" instead of "live" because you only want to save as much as you can.
Other thing to cut cost is divorce, because if you're married, you're forced to feed your partner and kids (if you have).
But the question is do you happy to live like that for many many years? you have cut everything you can, you might cut cost for entertainment. It feels like you're just "exist" instead of "live" because you only want to save as much as you can.
Other thing to cut cost is divorce, because if you're married, you're forced to feed your partner and kids (if you have).
Let us have a practical discussion about different strategies you've employed to cut cost in your home or the methods you plan to use in saving yourself some money this new year.
I am very sure there is much we can learn form each other.
To reduce cost,
I realized that buying things in big quantities like bulk, saves me money because in my country, the retail cost of something today will likely not be the same price by the upper week. Prices are always on the increase, so when I buy in bulk, I do not have to concern myself with it for a while.
I turn off electric bulbs and appliances not in use to make sure that I reduce my electricity consumption.
I have planned to do more of cooking at home, and less buying of food from vendors because I am spending more on and cannot always trust the quality of the food I am buying.
share yours.
I am very sure there is much we can learn form each other.
To reduce cost,
I realized that buying things in big quantities like bulk, saves me money because in my country, the retail cost of something today will likely not be the same price by the upper week. Prices are always on the increase, so when I buy in bulk, I do not have to concern myself with it for a while.
I turn off electric bulbs and appliances not in use to make sure that I reduce my electricity consumption.
I have planned to do more of cooking at home, and less buying of food from vendors because I am spending more on and cannot always trust the quality of the food I am buying.
share yours.
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