One way we often try to save money is by avoiding wasting costly things like food, water or electricity. There are a lot of smaller, everyday things, though, that you probably don’t realise you use too much of.
“Use less of everything to save money” may sound like an obvious tip, but there are lots of things we use every day that we probably use in portions too large. We’ve already mentioned how you probably already use too much detergent, but it goes for a lot of things, like hand soap, shampoo or even over-the-counter painkillers. Personal finance blog Get Rich Slowly uses what they call the “50-Percent Solution”:
The idea is to reduce by half the amount of these things you use by doling out smaller portions. Normally use a quarter-size dollop of shampoo? Try cutting back to a dime.. . . You can keep scaling back your usage gradually until you hit a point where you actually don’t have enough, and then creep back up to the last place it felt good.
How much have I saved on laundry soap over the past year? It’s possible to track that data and get a real answer, but I don’t keep records that detailed. The dollars I’ve saved didn’t get banked straight into my savings account. Instead, they’ve padded my margin a bit, making it easier to stick to our budget each week and possible to splurge on treats like dinners out with my husband.
Apart from automate the process with helpful reminders, like throttling the soap dispenser with a rubber band, you can apply this rule to larger things, like shopping, going out or even therapeutic services to save more and help you get into a more frugal mindset. Hit the link for more details, and let us know if anything like this has worked for you.
The 50-Percent Solution [Get Rich Slowly]