Stop buying table water, financial experts advise

With most homes facing paucity of funds, experts at AXA Mansard Insurance have advice families wishing to save extra money to avoid some unnecessary luxuries, among which is bottled water.

In a write-up titled, ‘Household tips on saving money,” the experts said everyone wants to save money around the house, whether it be on household bills or food shopping but not everyone knows where to start.

“There are many ways to save money in a household and some of these tips are common sense, while others may not be so obvious.”

Most families know that lavish trips and the latest clothes don’t necessarily make a happy family but prudence will boost your life savings plan.

Listing some of the tips, they said instead of wasting money on bottled water, families should invest in water filter to treat tap water, it is simple and a cost-effective alternative.

They also advised families to go generic whenever possible.  “This simple shopping habit could save you a lot of money. Areas you may be able to save money on include: toiletries, food, certain clothes, and pet supplies.”

Other possible ways of saving cost, the experts said include starting a vegetable garden that will bring some cheap and organic food into the house.

Plan your meals—one of the greatest downfalls of most families is eating out. By taking the time to plan your family’s meals, you remove the excuse of not knowing what’s for dinner and ending up eating outside.

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Invest in reusable items—Disposable goods are usually cheap and supper-convenient, but not when you have to buy the same items repeatedly. Your family probably uses a lot of paper products, but why keep spending your cash on them when you can purchase reusable goods instead.

Strategically shop at sales and clearance sections- Head to the sales and clearance section first, before you even begin your regular shopping to see if you can snag what you are looking for at a discount.

Contribute monthly to your savings account—make it a point to add a dedicated amount to your savings at the end of each month. Even if it’s just a few Naira, the savings can add up and it will keep you from spending it frivolously

Unplug electronics overnight—Plug your devices into power strips and switch them off at the end of the day. People don’t realize that are using electricity even when they’re powered off.