The pandemic has changed daily life for all of us. One of the biggest changes—and challenges—is that people are spending much more time at home. While everyone's situation is unique, there are some unexpected benefits to embracing the stay-at-home lifestyle, including new possibilities to save money!
Take a look at these clever ways to save money around your house:
#1: Look for loose change
You may be surprised to find significant savings hiding in plain sight within your home. If you have some extra time on your hands, search for spare change in forgotten places, like couch cushions or coat pockets. You can even turn it into a fun family game! Give your spare change an opportunity to grow by depositing it into your savings account. Many Wright-Patt Credit Union (WPCU) Member Centers have convenient coin machines for members.
#2: Clean out your closet
A clean, well-organized closet not only looks great, but it can also help you save money! Thanks to online resell apps and websites, it's easier than ever to turn gently-used clothing and books into quick cash. Put your extra earnings towards a new wardrobe or save up for a special goal.
#3: Keep energy use low
Reducing energy consumption in your home is a win-win for the planet and your wallet! Here are a few simple ways to use less energy, even while you're spending more time at home:
#4: Spring clean your subscriptions
Review your recent credit card and account statements or search your email for “subscription." Are all the services and memberships you're signed up for still providing you value? How much money could you save by canceling one or more of these services? If you're not using a service often, consider dropping it.
#5: Take advantage of free entertainment
Now that you've canceled subscriptions you don't use, take advantage of free entertainment from your local library. In addition to books, most libraries now offer e-books, audiobooks, music and movies — all available for free online. Now is a great time to get a library card and see how much money you can save!
#6: Be your own barista
It's easier and more affordable than you may think to recreate your favorite coffee shop drinks at home. Look up copycat recipes online or experiment with flavored syrups and creamers to take your at-home brew to the next level. Instead of spending $5 on a daily latte, you can make a dozen (or more!) DIY drinks for the same price.
#7: Start a garden
Use your extra time at home to start and grow a beautiful garden! Gardening is especially rewarding if you plant fruits, vegetables or herbs since it can help you save money on groceries. Some easy-to-grow plants include tomatoes, peppers, cucumbers and zucchini.
Keep up your stay-at-home savings momentum!
With more time at home, there are plenty of things you can do to save money and keep costs low both now and in the future. Keep up the great work!
Ready for more saving and budgeting tips? Visit our online Education Center for free tools and resources to help you achieve greater financial flexibility and freedom.