Living in a consumer society makes it very difficult to decide what we actually need, and which items we can definitely live without. Many households are crowded with things that have been used once or twice and are now forgotten, no matter if they are kitchen appliances, clothes, toys or numerous gadgets. On the other hand, there are items on which spending more money is actually recommended, because the later savings surpasses the initial investment.
The key to saving money in the household id to know when to invest money into something, and when not to do it.
For starters, the items we should invest in are some kitchen appliances – a dishwasher, a cooker, an oven and a fridge. Then, we should not save on a washing machine, as well as the water heater. There are several reasons to invest money in these appliances. First, their longevity will be much higher, so once you buy them, you can rely on them for the next 10-20 years. Then, if you buy “A” class appliances, they are going to save a lot of energy and water, which means that your bills will be reduced. Lastly, the quality of these appliances is higher, so you can expect better results.
Another item we must not save money on is bed. A Japanese proverb says:
“Buy good shoes and a great bed. Because in this life, when you are not in one you are in the other.”
As we spend approximately 6-8 hours sleeping on daily basis, it is important that we have a good bed that provides us with necessary rest. Not only that a high quality bed means firm and healthy sleep, but it also lasts longer than cheaper beds, so you can expect to have it for a long time. This means that you will not invest money in a new bed every couple of years, which is why a more expensive bed actually comes down to being more affordable.
Money Saving Tips for Living on One Income
As for the items we need to save money on, the list is quite long. To start with the kitchen – there are numerous appliances that some of us may want, but which are actually unnecessary. For example, if you have a multipractic food processor, you do not need a blender or a juicer. Similarly, there are many kitchen gadgets that may seem appealing, but which you will use only several times or never. Before buying some of these items, ask yourself how many times you would use them and for which purposes you would need them.
Then, it is not necessary to spend too much money on home appliances such as TV. You do not need to buy the latest model, especially if you already have a TV. Since they are constantly changing and improving, it will be possible to buy that same model for significantly less money in a year or two. And the golden rule is – do not fix what is not broken.