The Village's Financial Counselors often talk with people about ideas for saving money. Over the years, they've heard a lot of ... interesting cost-cutting measures. Some may even be described as extreme penny-pinching.
While we wouldn't recommend all of these – and they definitely haven't all been tested by our team – perhaps this list will inspire a little creativity for those trying to trim expenses. After all, "a dollar saved is a dollar earned."
- Reuse paper towels.
- Recycle bath or shower water (gray water) in a bucket for other household uses, like flushing the toilet.
- During the winter months, keep the heat down and wear extra layers of clothes and blankets inside.
- Opt out of the municipal garbage service and haul your trash to the landfill. (Be sure you would actually save money before trying this one.)
- Turn off the engine in your vehicle while waiting for a train to pass.
- Save unused individual condiment packets from restaurants for later use at home. (We hope this person was suggesting saving only the ones they were given and didn't fill up their pockets at the condiment counter!)
- Use old socks or underwear as rags.
- Take in a roommate or rent a room in your home.
- Become a one-vehicle household instead of two. Or try to get rid of all your vehicles and rely on car-sharing/pooling, and public transportation. If you have to go out of town, rent a car.
- Compost trash for fertilizer for your vegetable or flower gardens.
- Combine extra unused twist ties for other household purposes, like shoe laces. (Really!?!)
If you'd like to talk to someone about ideas you can implement to reduce your expenses or other options for getting your budget to balance and reaching your financial goals, call The Village Financial Resource Center today at 800-450-4019 or contact us online!