Why A Pandemic Is A Perfect Time To Start Saving Money.

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This global pandemic has caused many different problems for people, and it has changed the way we live for now and maybe for the future too. COVID-19 has meant that many people have lost their jobs and are struggling right now, others may not be struggling, but it has made them rethink the way they spend their money. If saving money, even a little every day is not something you’re very good at, like me, or not something you have tried before, then now during this pandemic could be the perfect time to start, and here’s why:

It’s Something Proactive

If you are finding it difficult to be proactive during this global crisis because it’s very limiting, then learning how to save a bit every day could be for you It’s something you can control when there isn’t much else you can.  

It Can Be Fun

There’s not much to laugh about or enjoy right now, but rather than dwelling on that, embracing savings can be really enjoyable. Seeking out the best deals, making the most of freebies, and feeling in control over your money while watching it grow can be very satisfying 

You Have Time To Get Organized

With extra time on your hands staying at home, you can make a list of all your monthly payments and expenses and sort them into the order of priority. Decide which can be canceled and see where you can reduce certain payments by switching energy providers or internet or insurance providers. Could you remortgage your house to lower your monthly payment? A lot of my friends have done this recently. Find out all your options and use online calculators such as this one on MortgageCalculator.Org to see where you could be making savings. 

You Have No Choice But To Stay At Home More

The Coronavirus can really benefit you when it comes to saving money as you are advised and encouraged to spend more time at home, for your safety and for the safety of everyone else. This means that you have no choice but to save money on transportation, going out, eating out, spontaneous shopping sprees and generally living life. You can cut down massively on unnecessary shopping and choose your food shopping wisely by making a plan before you go out or order online and only buy what you need. I started ordering my groceries online a few years ago and I really see a difference in my weekly grocery bills. While you’re spending more time at home, you have the time to cook and bake more, which can save you a lot of money from going out to eat or ordering in.

Clean Out Your Closets and Sell What You No Longer Need

You also have time to sell the things that you are no longer using. There are plenty of online sites that can help you do this and many people willing to buy online while they are stuck at home. As you come across things that you no longer need or want or clothes you haven’t worn for a while, then sell them. This is a really easy way to make money, clear out your clutter, and while people are watching their money right now, they are all looking for bargains as well. So you will find it pretty easy to sell your things and earn a few extra pennies. And you will be shocked how quickly all that money adds up.

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  1. The Life Lessons The Pandemic Can Teach Us. - NS Lifestyles | 6th Nov 20

    […] been a tough time, but it has been a reminder that we should start saving money for other emergency situations. It has also been a reminder that it is possible to live on less […]

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