Friday, May 1, 2020

Life Hacks to Help You Save More Money

On this blog, I like to talk about saving money and keeping it for investing. The more money you save, the more money you invest, and the more money you make.

I've went over some creative ways you can use to keep saving money interesting in a previous post.

If you are already saving money effectively, try to apply these other habits to your life to save even more! I do admit however, that this is venturing into extreme cheapskate territory.


Collect rain water

I know, it sounds cheap. But hear me out. According to Statista.com, on average, an American family of  4 spends approximately $72.93 a month if each person uses 100 gallons per day. 

Considering an average toilet uses 1.5 gallons of water a flush and a 10 minute shower takes approximately 20 gallons of water(about fifty 1.5 litre bottles), $72.93 is a pretty conservative
estimate.
rain water, save money


The point is, we use a lot of water. Hence, it's good practice to store up water during a rainy day, just in case a not as rainy of a day comes by. 

Rain water can be use for many things. Watering your plants, washing your floors. Heck, if you're adventurous enough you could even use the sun to distill it for drinking. 

Saving $5-$10 a month by utilizing rainwater may not seem like much, but over a year, that adds up to a pretty significant amount.

Switch to LEDs

Light Emitting Diodes(LEDs) are significantly more energy efficient than incandescent or florescent lightbulbs, being able to emit the same brightness while using up to 75% less energy(Source:Arcadia).

On top of that, they last longer, meaning you don't have to switch them out as often. 


Using LEDs cuts down your electric bills, without you having to consciously remind yourself to turn of the lights(although, that's a good habit to have).

On top of saving money for yourself, you're also doing your part by being more eco-friendly.


If you have anything else to add, please do leave a comment or reach out to me at 'jingrui.wu.2002@gmail.com'

If you enjoyed this post, feel free to check out my other ones and give me a follow!

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