Do Small Savings Add up That Much?
When it comes to saving money, many people seem to think that the small savings won’t ever amount to that much, so the generally tend to not bother about them. The truth of the matter though, is that there are actually far more opportunities to benefit from small savings than from larger savings.
Where to Look For Small Savings
Small savings can be found or made virtually anywhere in almost any household’s budget. How many of us blindly follow the manufacturer’s instructions when it comes to using laundry detergent, dish washing liquid or personal care products? Not many people actually stop to think about the fact that, in many cases, less of the product can actually be used without affecting the end results.
For example, your laundry detergent usually comes with a handy little cap that encourages you to fill it to the brim for each load. The next time you do a load of laundry, try filling it to the three-quarter mark instead of to the top and see if there is any difference in how clean your laundry gets. In most cases, there will be absolutely no difference in how clean the laundry is, but there will certainly be a difference in the length of time that your bottle of detergent lasts.
You may be thinking that a quarter-cap of laundry detergent only costs a few pennies, but over time, these pennies will add up to saved dollars that can be used elsewhere. By saving a quarter-cap of detergent with each load, you will effectively be making it last 25% longer than usual. So for every three regular bottles you use, a 25% saving would mean that three bottles would last as long as four bottles would have lasted.
For those that are used to using a bottle of detergent each month, you would be reducing your consumption down to nine bottles a year instead of 12. Because liquid detergent ranges in price from around $13 a bottle to well over $30 for some of the more popular brands, this could equate to savings of close to $100 a year. I know of some extreme savers who have reported that they are able to use up to 75% less detergent than recommended, so their savings would of course be a lot more.
While not everyone would be keen to use as little of everything as possible, this merely serves as an example of how small savings can be made around the house on a daily basis. Although laundry detergent was used as an example here, this tactic can be employed with virtually anything, including shampoos and liquid soaps, cleaning products, herbs and spices, dish washing detergent and water.
Do you usually fill the bathtub each night? Try bathing in less water and see if you notice a difference. You will more than likely be just as clean as you were the last time you bathed, with the exception of using less water. When washing dishes, do you usually fill the sink to the top? Try half a sink of water and see if the results are the same. The list of possibilities to try here is endless. However, do not experiment with medication dosages without consulting with your doctor or physician.
Make it Your Weekly Goal to Seek Out Small Savings at Home
Once you have managed to get by with the minimum level of items such as those mentioned above, you will soon notice that you will not need to shop as often, which will result in further savings. This is because many of us tend to fall for those pesky little impulse purchases at the checkouts or for that candy bar down the aisle that seems to be calling your name as you pass by it.
By getting by on the minimum required items, you will soon notice that your small savings account is starting to grow at a healthy rate.
Feel free to share with us if there are any ways that you make use of small savings each day.