5 Ways to Save on Your Household Expenses

Maybe you’re saving up now to buy a new car, kickstarting a condo purchase, or just working at paying your credit cards debts in full. It may surprise you to know that you can easily add to your savings by cutting down on some overlooked expenses and making use of technology.

When it comes to saving money, you’ll find that the little things matter. Your regular bills may seem small but, added together, can drain your resources. There are easy and effective things you can do to cut on costs without too much hassle. Check out these five tips to reduce your household expenses and be able to save a good amount of cash in no time.

1Stop Eating Out

Make homecooking cool, something you can do with your SO or the kids. At work, bring baon for lunch and make it a banchetto thing with your workmates. You’ll be amazed at the amount of money you can save by the end of the month just by not eating out. 

2Try Carpooling to Work

This will reduce your gas and parking costs significantly. If you take Uber to work regularly, check out their carpool option. Apart from saving on your daily expenses, carpooling to work helps make Metro Manila traffic less congested.

3Make Use of Financial Apps

There are a wide range of finacial apps available on the Internet. These can help you manage your monthly budget and allow you to see where your money is actually going. A couple even offer advice on how to stop living paycheck to paycheck and increasing your savings.  Check out FWD Life Philippines’ EARNi. This cool e-app teaches you how to convert expenses into earnings.

4Take a Hard Look at Your Monthly Entertainment Expenses

With Netflix, iFlix, and other streaming options, you can let go of your monthly cable subscription.  There are tons of movies to choose from. Netflix even creates their own TV shows which you can enjoy at your leisure.

Get ready to live
with FWD insurance plan!

Know more

5Make It a Habit to Turn Your Lights Off and Unplug All Unused Electrical Devices

Turn the light switch off whenever you leave the room. Unplug the television, electric fans, and even your phone chargers when not in use. Leave sticky notes for household members as a reminder. Your diligence will pay off soon as you see your significantly lower electric bill.