If you need to reduce your spending in order to meet your goals, you have to focus on the BIG 3: lodging, transportation and food. These three categories typically make up the bulk of your expenses.
We didn’t always make the “smartest” decisions on these three–we own a stupidly big and expensive home, we bought new cars, and we eat in restaurants and buy expensive groceries on occasion.
But I think we were smart about a bunch of little things and those little things helped us grow our wealth and reach financial independence in our 40’s (me!) and 50’s (Mr. Ms. Liz!).
Save your money and the earth:
Don’t light up areas where you aren’t. We have so few lights on, our neighbors probably wonder if we’re home. This goes for exterior lights too–we turn them on when guests arrive and leave but they are otherwise off.
When we do need a bit of ambient light in an area–like when we’re running back and forth to the laundry room–we choose the switch that runs two lights rather than the switch that lights up the entire room. Mr. Ms. Liz narrows it down even further by not using puck lights that are expensive to replace and burn a lot of electricity in favor of using our pendant lights.
Turn off your fireplace pilot in the summer. This saves natural gas and that little sucker generates a surprising amount of heat. Continue reading “10 Painless Things We Do To Save Money”