The simplest way to accumulate wealth is to live below your means and regularly save. Effective! Perhaps there are areas where you can save that you haven’t even considered doing. Now the length we each go to, to save money is down to the individual and their conscience.
Some may argue they should do everything they possibly can to save money so that it can be used to save for their future or give into worthy causes. Others may argue that some things aren’t worth the effort involved when you consider the amount saved. It’s completely up to you!
My family is on town water in Australia. Every three months we are sent a bill by the local council based on the water that has been used over a 12 week frame. This is assessed by a water meter in our garden. Now what do you use water for? Dishes, showers, washing, watering plants, drinking… it can add up! Although I don’t consider water to be expensive when compared with electricity, I do know it is an area that my husband and I can greatly influence the cost of.
How so? We collect water from our showers – and the kid’s baths – and use this to flush the toilet or water the garden. When you consider daily the amount of water that is used to flush a toilet for a family of four and the size of a garden on an 800 metre square block, it can add up! Removing the cost of this water has helped to decrease our water bill. And so, it leaves us with that bit more money in the bank to put into savings and invest in our future.
What area of your living have you been able to manage differently to decrease costs?