How to save $10k per year?



Living from a paycheck to paycheck is no fun. There is always a way to save some money by decreasing your electricity bill whether by switching electricity providers or by installing solar panels so you can cover the needs for power electricity in your home. 

Solar energy

When thinking about decreasing electricity bills, solar panel installation is usually the first thing to consider. The initial solar panel cost may vary depending on the number of solar panels needed to supply the electricity for your house. The main factor is the size of the house and the consumption itself. Experts make assessments according to your needs, so you don’t have to worry about lacking electricity when you need it. Solar energy is renewable and a very smart way to have heating and electricity for everything else without any additional expenses along the way. After you pay for the installation and setting everything up, that is it – you can use it and enjoy it. The money given for the installation gets quickly saved since there are no electricity bills anymore. Make sure you choose a good solar company that is qualified to perform such installations, so you can be sure you are getting the quality you need.

Natural gas

If you are using gas and looking for smart ways to lower your gas bill, keep reading. The most gas is used for heating and cooling your home, so investing in a thermostat may be wise. This way, you can keep the heating off when you are out and maintain a steady one when you are inside. No huge ups and downs in temperature is healthier, but it is also wiser when you wish to save some money. Also, make sure you are always familiar with gas prices, so you can plan your expenses. Make sure you are familiar with all the expenses that you can expect from your gas company, so there are no unpleasant surprises. If you are unsatisfied, switch energy suppliers and choose a better plan that suits your family more. You can get cheap electricity if you spend some time researching the market. 

Besides watching over the expenses on heating and cooling your home, make sure you assess other possible expenses as well. Plug off the appliances you don’t use, shorten your showers and wash dishes when the sink is full. Once you start thinking about all the ways you can lower your electricity usage, it will get easier. Most people think that keeping lights on is not a big deal and that it won’t increase the bill significantly, but make a habit of turning off the lights whenever possible. Each dollar you save on electricity, you can add to your savings account. 

Watch the small expenses 

Once you decide to save money, you should write all the expenses on a piece of paper so you can understand where your money is going. In order to save $10k per year, you will need to put away each month $833. Firstly, cut unnecessary expenses such as dining out. Cooking at home is more affordable and can save you a lot of money in the long run. Instead of going out to some pricey restaurant and buying expensive clothes to impress people you don’t even know, you can invite your closest friends and family over. It can be a nice change and a refreshment, a chance to talk and get to know each other better. 

Consider taking sandwiches to work and spare a few dollars every day. Buy only food you are sure you are going to eat. Many people buy more than necessary and throwing away food because it gets spoiled. Plan your meals carefully and make sure you buy the food when it is sold at a discounted price. Also, if you are living alone in the apartment, maybe you could think about getting a roommate. That would mean splitting expenses in half, which you could put away in your savings account and make your road to having $10k much easier. 

Saving money doesn’t have to be a torture, once you realize the benefits, the process will be much easier. Make sure you leave some money to have some fun. You can’t be only thinking about serious things. Going out and enjoying things you love can encourage you to stick to your plan and it will taste sweeter knowing that you are treating yourself for fighting for something you believe in. 


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