Author

Alex Harris

My name is Alex Harris, the youngest writer at The Economic Business. With a degree in Economics from Oxford, I bring a fresh perspective to economic analysis and business trends. My writing aims to bridge the gap between academic theory and real-world application, making complex economic concepts accessible and engaging. I cover a range of topics, from market dynamics to policy impacts, striving to provide readers with valuable insights. Outside of work, I enjoy exploring innovative economic models and staying updated on global financial developments.

Lifestyle

Saving Money on Your Wedding: Tips and Tricks

by Alex Harris 07/05/2024

written by Alex Harris

If the big question has been popped then you may be busy thinking about how you are going to afford a wedding. Around 70% of Americans are facing the trouble of being able to afford their dream wedding. Saving for a wedding can take years so you want it to be perfect, going over budget is not something you want to face. The average cost of a wedding is thought to be over $30,000 and most households simply can’t afford that figure. Believe it or not you can actually do a great wedding for half that figure if you know what you’re doing. So, if you are busy planning your big day then take a look at this article for tips and tricks on how to save money throughout the whole process.

Weekday

Would you believe that not all wedding days and dates are equal. If you are trying to get married on a weekend, Saturday for instance, then you can expect to pay top dollar. This is one of the most popular wedding days to get married and it doesn’t require people to take extra time off work to attend. Sundays and weekdays are a great way to keep the costs down.

Winter

Similar to the day of the week you get married, the month and season you get married also matters. If you are wanting a summer wedding during the warmer months then this is going to cost you. However, if you aren’t too bothered about what the weather is like outside then you might want to choose some of the less popular months. The start of the year is very cheap, January and February are two amazing wedding months to choose from. It is always worth speaking to the venue to find which month or day is the cheapest.

Thrift Store

Let’s talk about dresses and suits, these can end up costing you thousands of dollars just for that one special day. If you don’t want to buy a brand new dress or suit then there are other options available. You could hit the thrift stores to see what they have to offer, some people get beautiful dresses and suits from second hand stores. One man’s junk is another man’s treasure as the saying goes.

Alternatively if you don’t want to get your wedding attire from the thrift store then you could think about renting from a reputable store. This will save you hundreds, if not thousands. Be aware of the terms and conditions though, one tiny spillage could lose you your money. Have a chat with your other half to see what you are happy doing, communication is key with these types of things.

DIY

Once you have sorted out the date, venue, and time of your wedding then you will need to send out the wedding invites. The wedding invites go to your guests to inform them of your special day, be sure to include an RSVP on your invites so guests can respond. Invites can work out expensive as each guest needs one, think about the costs if you are inviting hundreds of people. There is a way to ensure you keep the costs low when it comes to the invites, you can send out digital invites. Sending emails is free and won’t cost you a thing, especially if you create them using online software.

Own Catering

Food and drink on your wedding day can cost you the earth, the prices can be quite scandalous. Depending on the venue you choose, they may have a food and drink option included. Many people want to opt for a fancy three course sit down meal when they get married, this can be nice but pricey. Speak to your venue to see what they have on offer when it comes to feeding your guests. Remember, you don’t have to go with what they have. You can either choose your own caterer or even do it yourself.

There have been many weddings where the guests have helped create a wonderful food spread. This has been both full blown meals and buffet style food, whichever suits you best. Speak to your closest friends and relatives to see how they can help you, even better if you know a catering expert.

Cake

Every wedding needs a cake, how can you ensure you have a cheap wedding cake that still blows people’s minds? You could buy a cake from the store and decorate it yourself with flowers and icing, this will be much cheaper than paying a baker. However, there are ways to keep baking costs low if you did want a professional cake. If you opt for less tiers then this will shave some of the cost of, less time spent baking means less pressure on your wallet.

Limit The Photographer

Finally, everyone wants photos and videos to remember their big day forever. Memories may fade so it can be nice to go through these albums every so often and take a trip down memory lane. However, if you have done your research then you will know how expensive photographers and videographers can be. You have a couple of options here, you can hire these professionals for a shorter amount of time. Which means you will potentially miss out on awesome pictures from later on or earlier on in the day.

A brilliant alternative is to get your guests to be the photographers throughout your wedding day. People naturally want to take pictures on wedding days and everyone has a smartphone with a great camera these days. Take advantage of this and consult your wedding party to create spectacular images for you to look back on.

We hope you found this article helpful and that it gave you some peace of mind that you don’t have to spend a fortune to have a wonderful day. Think about what the key parts of a wedding are and what means the most to you and go from there. You can make it special by spending the day with close friends and family.

07/05/2024 0 comment

Lifestyle

How to Cut Costs on Your Daily Commute

by Alex Harris 07/03/2024

written by Alex Harris

Whether you’re taking public transport or using your car, you can expect the commute to drain your energy but definitely your wallet. For the most part, it’s about 20% of a worker’s monthly salary that goes towards their daily commute to work. Sometimes, it can get even more expensive, and inflation doesn’t help with the case, either.

Even though there are a lot of costs when it comes to commuting to work, there are, thankfully, a lot of ways to save money, too. So, with that all said, here are some ways you can reduce your commuting costs!

Share the Ride, Share the Costs with Carpooling

Hands down, carpooling is a fantastic way to slash your commuting expenses. Just by sharing a ride with colleagues or neighbors, you can split the cost of gas and tolls. Plus, you’ll reduce wear and tear on your vehicle, which means lower maintenance costs in the long run. But on top of that, depending on where you live, you might be able to take advantage of carpool lanes, too. But how do you find carpool partners?

Don’t be afraid to ask around at work, and start by asking your coworkers if they’re interested in carpooling. You might be surprised at how many people are looking to save money on their commute. But if that doesn’t work, then you could look into using carpool apps, as there are several apps and websites designed to connect commuters looking to share rides.

You can even check out options like CarpoolWorld, BlaBlaCar, or your local community bulletin boards online. Sometimes, companies organize carpooling where everyone takes turns, so that might be an option too.

Public Transportation

This can get pricey, but still not nearly as expensive as owning a car and fueling it up on a daily basis. Plus, this is far more eco-friendly, too. Not everyone can easily have this option as it’s mostly major cities that offer this (and you have to be within city limits). So, for those that live in a suburb, this might not work.

But if you live in a city that offers this, then be sure to take advantage of this! Buses, trains, and subways often offer significant savings compared to driving, especially when you factor in the costs of gas, parking, and vehicle maintenance.

How do you maximize savings when using public transit? Monthly passes are a great way to save money if you use public transit regularly. It depends on where you live, but it’s best to invest in a monthly or annual pass, as these passes are often cheaper than individual tickets. Employer programs can also help, as some employers offer transit subsidies or pre-tax commuter benefits.

You might even want to check with your HR department to see if you can take advantage of these programs. Granted, the company size matters, but nowadays, more and more companies are trying to do what they can to get their employees to lower their carbon footprint.

Pedal Your Way to Some Savings

Cycling to work is not only a great way to save money, but it’s also excellent for your health and the environment. With the right gear and a little preparation, biking can be a practical commuting option. But it’s not always the best option. If your city lacks bike lanes, let alone protecting cyclists, then this might not be the best option. Yes, you’ll save a lot of money, and yes, it’s way healthier, but not every city caters to cyclists.

Consider Walking to Work

Now, this is the cheapest way to get to work, but it might not be the best way. If you live in a major city, and it’s a twenty-minute walk, then great, do that option! But if it’s a twenty-minute drive to get to work, then it’s best to just skip out trying to walk to work.

Can You Work from Home?

Are you able to fully do telecommuting work? If your employer allows for it, this could be a great option. Actually, this eliminates all commuting costs altogether. So, it might be a good idea to just look into negotiating a remote work arrangement with your employer. Nowadays, more companies allow for a hybrid option, so even negotiations will lead you to save a lot of money.

Look into Scooter Rentals

Depending on where you live, you might have noticed that electric scooters are becoming more prevalent. You just scan the QR code and pay, and you can usually ride it up until the next charging station (but each company varies). These are primarily in major cities, but who knows, maybe this will come near you too! So, this could be an option for getting to work, but of course, this means that you need to actually be able to safely ride one of these.

Look into Ride Shares

If you need a last-mile solution or a short commute (especially if your hands are full), you might want to consider ride-sharing. These can be a cost-effective way to cover short distances quickly. Rideshare services like Uber or Lyft can be used for occasional commutes. However, it’s best to consider carpool options for these services to reduce costs.

Reduce Commute Frequency

If changing your mode of transportation isn’t feasible, consider reducing the number of days you commute. This could mean negotiating a flexible work schedule with your employer or compressing your work hours into fewer days. Some employers will budge; others, sadly, not so much. But it doesn’t hurt to at least try.

Here’s an example: compressed workweeks. So this means that you work longer hours over fewer days, such as four 10-hour days instead of five 8-hour days. Flexible scheduling can also be an option. Arrange to work from home one or more days a week if your job allows it.

Get Rolling

So, just be implementing these, you should be able to cut down on some costs (hopefully), but just about all of these in some way should be able to help you out. Besides, your commutes should be enjoyable anyways.

07/03/2024 0 comment

Budgeting

How To Build An Emergency Fund On A Tight Budget

by Alex Harris 07/03/2024

written by Alex Harris

Building an emergency fund might seem like an overwhelming task when every dollar already has a job in your budget, but it’s a critical step toward financial security. Unexpected expenses like medical emergencies, car repairs, or sudden job loss can throw a wrench into your financial stability. Having a safety net in the form of a rainy day fund can provide peace of mind and keep you afloat during tough times. So, even if your budget is tight, there are smart, manageable strategies to start saving that won’t overwhelm your daily finances.

Start Small But Start Now

The thought of saving large amounts can be intimidating, especially when funds are tight. That’s why it’s better to start small—think about setting aside just $1 a day or perhaps $20 a month. This approach makes the task seem less daunting and helps integrate the habit of saving into your daily life. Over time, as you adjust to setting aside a small part of your income, you can gradually increase the amount. This gradual increase will help build your emergency fund steadily without putting too much pressure on your existing financial commitments.

Automate Your Savings

The best way to ensure that you save is to make the process automatic. By setting up an automatic transfer from your checking account to a savings account, you ensure that a certain amount of your income is saved before you even have a chance to spend it. You can start with a small amount, like $5 from each paycheck, which might not feel like much but adds up over time. Automating your savings removes the temptation to skip a month and keeps your emergency fund growing consistently.

Adjust Your Tax Withholdings

If you’re receiving a sizable tax refund each year, you’re essentially giving the government an interest-free loan. By adjusting your tax withholdings, you can increase your take-home pay slightly each month instead of waiting for a lump sum once a year. This extra money can go directly into your emergency fund, helping it grow every month. It’s a practical way to use your earnings more efficiently and boost your savings without needing to cut expenses.

Monetize Your Skills And Hobbies

Everyone has skills or hobbies that can potentially generate income. Whether you’re great at graphic design, crafting, or even tutoring, these skills can be turned into a side hustle that earns extra money. This extra income can be funneled directly into your emergency fund, accelerating its growth. Not only does this approach help financially, but it also allows you to engage in activities you enjoy and are passionate about, adding value beyond just the financial benefits.

Shop Smarter

Being savvy about how you shop can translate into significant savings, which can bolster your emergency fund. Start by using coupons, seeking out sales, and not shying away from thrift stores and generic brands. Meal planning according to what items are on sale can drastically reduce your grocery bills. These saved dollars can then be funneled directly into your savings, effectively growing your emergency fund without needing to earn more or sacrifice other necessities.

Embrace Minimalism

Adopting a minimalist approach isn’t just about having less—it’s about having more of what matters and less of what doesn’t really. By reducing clutter and focusing on essentials, you not only free up space in your home but also in your budget. Selling items you no longer use or need can provide a nice cash influx that can be directed into your emergency fund. This way, minimalism helps you save money by curbing the desire to buy non-essential items, ensuring that your finances are directed towards building a more secure financial future.

Use Financial Windfalls Wisely

Occasionally, you might find yourself with unexpected extra money, such as a work bonus, a tax refund, or a monetary gift. While the temptation to splurge can be strong, using this windfall wisely can significantly strengthen your emergency fund. Allocating a percentage of this unexpected cash directly to savings before you have a chance to spend it ensures that your rainy day fund grows. This strategy can make a substantial difference in reaching your financial goals quicker without impacting your regular budget.

Challenge Everything Budget

To really tighten up your savings, take a “challenge everything” approach to your budget. Examine each line item of your spending and ask if there’s a way to reduce or eliminate the cost. Perhaps you can switch to a less expensive gym, cancel seldom-used subscriptions, or negotiate lower rates on utilities. Every dollar you save can be redirected towards your emergency fund, making each cost-cutting decision directly beneficial to your financial security.

Save Your Spare Change

In the digital age, saving your spare change has taken on a new form. There are apps available that round up your debit or credit card purchases to the nearest dollar, depositing the difference into a savings account. This method allows you to save small amounts frequently, which over time can add up to a substantial sum without you hardly noticing. It’s an effortless way to continuously contribute to how to save on a tight budget, building up your emergency fund with minimal impact on your daily finances.

Create Visual Motivation

Keeping your savings goal visible can be incredibly motivating. Whether it’s a chart on your refrigerator, a progress bar in an app, or a simple spreadsheet, seeing your emergency fund grow can provide a real psychological boost. This visual reminder not only keeps the goal at the forefront of your mind but also encourages you to find more ways to save and celebrate milestones as you reach them. It turns the abstract concept of saving into a tangible and rewarding experience.

Conclusion

Building an emergency fund on a tight budget is definitely challenging, but it’s also entirely possible with the right strategies and mindset. Start with small, manageable steps, and use every available opportunity to enhance your savings. Remember, the goal is to create a buffer that protects you from financial emergencies without adding stress to your daily life. With perseverance and smart financial habits, you’ll find that even on a tight budget, you can build a robust emergency fund.

07/03/2024 0 comment

Health & Fitness

Saving Money on Fitness Classes and Gym Memberships

by Alex Harris 07/02/2024

written by Alex Harris

We have all been there, trying to become more active or actually doing the new years resolution you had for the past five years. But one of the things that might be stopping you from starting that new exercise routine is the cost of gym membership and fitness classes. Fitness is not a privilege, but a right, yet those price tags make it a grudge purchase. This blog will show you how you can stretch your dollars and shrink your waistline, helping you to reach your fitness goals and keep your piggy bank intact.

Use Free Trials

Sample Before You Commit

Many fitness studios and gyms give newcomers free trials or even introductory classes. These are great to have a look and experience what they have to offer before you sign on the dotted line. Get a feel of the atmosphere there, see how clean the space really is, assess the quality of the equipment and if they have a variety of classes. Make sure what they have to offer aligns with your fitness preferences and goals. Do they give you continued instructions or let you flounder around? You will get a more clearer picture of where to invest your time and money when you sample different gyms and classes. You will also feel more at ease knowing that the class package or membership you choose in the end truly is the best value.

Online Free Classes

The internet has become our daily go-to for many things, including fitness classes and resources. This is a perfect fit if you are one of those that doesn’t want to spend a dime. You can scroll through and search for a workout video that fits your fitness level and preference on platforms like YouTube, Instagram, and many other fitness apps. From strength conditioning and HIIT (high-intensity interval training) to pilates and yoga, whatever you’re after, you will find it on the internet. You can build a diverse and effective workout regime from your home with the help of a certified trainer or fitness influencer. They even post full-length workout routines and classes on the platforms that you can use, with detailed instructions. You will have the added benefit of flexibility to do your virtual classes on your own schedule, so there is no excuse not to stick to your fitness plan.

Look for Discounts and Deals

Seasonal Promotions

You can get a huge reduction in your fitness expenses when you take advantage of seasonal promotions. That is because many gyms and fitness studios try to up their membership numbers by offering special rates and discounts during certain times of the year. These can be summer fitness programmes, New Year’s resolutions, and back-to-school specials. During these promotions you can have your sign-up costs waived, get your membership fees reduced, or even get lower prices on bundled classes. There are even huge savings on online memberships, fitness gear, and apparel during holiday sales events like Black Friday and Cyber Monday. By staying in the know about these seasonal deals, you can keep more money in your account and get started on your fitness dream at a fraction of the cost.

Group Memberships and Referrals

If you have friends or family that also have the fitness itch, then you can rope them in and take advantage of group memberships and referral programs at many of the gyms and fitness studios. These group deals are their way to motivate friends, family, and colleagues to join them. But on the other hand, you can also benefit with the extra motivation and accountability while you work out with your buddy. You can also earn rewards or discounts when you get others to join a fitness class or gym on the referral programs.

Opt for Budget-Friendly Alternatives

Community Centers

If you want more budget-friendly alternatives to normal gyms and fitness studios, then you can have a look into community centers. At a much lower price tag, these centers can still have you working out in fitness classes like pilates, yoga, aerobics, dance and more. There are some centers that even have swimming pools, sports courts and fully-equipped fitness rooms. Their membership fees are very economical and some even give you more flexibility with pay-as-use options. You will truly get a sense of community and camaraderie while you work on your waistline with some of the locals.

Outdoor Workouts

When you use public parks, trails, and open spaces as your fitness playground, then you will not only save a lot of money but also get a more refreshing alternative to indoor exercise routines. You can get your sweat on by running, walking, cycling or bodyweight exercises. You will still be able to get your comprehensive workout sessions done that includes strength training and cardio exercises because many parks come equipped with outdoor fitness equipment. Exposure to the fresh air and green spaces will also enhance your mood and bring your stress levels way down, giving your mental health a phenomenal boost. Boot camps or yoga sessions are some great group outdoor activities that you can do at a very low cost or even free.

DIY Fitness Solutions

Create Your Home Gym

Your home gym doesn’t need to be expensive. With a yoga mat, resistance bands, and dumbbells, you can start building your home gym. And as time goes by, add to your gym with a stability ball and pull-up bar. You can still get a solid workout with inexpensive pieces of equipment that requires a very minimal investment.

App-Based Training

Let your smartphone double as your personal trainer and download a budget-friendly fitness app. These apps can work out a structured plan and even give you workout reminders, all for the cost of a fast-food meal. There are many apps to choose from like MyFitnessPall, Sworkit, and 7 Minute Workout.

Conclusion

You shouldn’t have to drain your bank account to live a healthy and active life. If you look into new avenues and think outside the box, you will be able to find the best workout that you want to keep on doing.

07/02/2024 0 comment

Tech

How to Save Money on Home Security Systems

by Alex Harris 07/02/2024

written by Alex Harris

If you want to save money on home security, then the best way to do this would be for you to cut out all of the unnecessary add-ons. While you do need the essential components of a security system, you don’t need to pay for all of the additional extras. It’s usually these extras that add a great deal of expense to your package too, so by being aware of them, you may be able to save yourself a small fortune.

What’s Necessary with a System?

When buying a home security system, you need to look at the following as being essential:

Door and window sensors
Glass break sensors
Central control panels
Window decals
Smart applications
Doorbell cameras
Outdoor camera
Motion Lights

One thing to remember is that if you have a door and a window sensor, there’s a good chance you don’t need to have a window sensor in every single room. You probably don’t need several outdoor cameras either, and if you do opt for the outdoor camera, you can opt to have it in black and white over color. Finally, one major question you need to ask yourself when the time comes for you to ask yourself is if you need it professionally installed, or whether you can get away with a DIY system.

Shop Around

Another thing you need to do is make sure you shop around. It’s imperative that you get the best prices, and that you understand how prices as a whole can vary depending on the brand or the model. If you know that you want an outdoor camera then there is nothing wrong with that, but at the same time, you can probably search Amazon to see what’s available. You can even get camera kits that you pay for by the sensor. You can also pay for window kits by the sensor, so be sure to keep things like this in mind.

Watch for Discounts

Watch for special pricing, deals and discounts. In addition to the best prices, customers should always be wary of what discounts are out there so you can get the best deal. Monitoring companies to see if they can give you a prepayment discount if you pay for a year’s worth of monitoring can be good if you are disabled, or a senior citizen.

Lowering your Home Insurance

You can also look to see if it is possible to lower your home insurance by taking out a home security system. Having a home security system is often the best way for you to get a discount when the time comes for you to get the system you’re looking for. Check with your provider first to see if you can take advantage of any good deals and weigh up the cost savings versus the price of your system. Things like this are often overlooked, but if you take them into account then you will soon find that you can get the system for cheaper than you might think. By doing this, you can also get a better system than you might be able to afford because the cost savings will compensate for some of the steeper price tag.

Monitoring

Finally, you need to give some thought to whether or not you are going to get your system professionally monitored or whether you need a solid DIY system. DIY systems are good because they work through smartphone apps. If someone opens the door while the system is armed then you can set it so your smartphone makes a loud beeping sound. You may also find that the alarm at your home sounds too, making a loud noise that will alert your neighbors. With that being said, it won’t come with features, such as calling your local police department. If you have a very close-knit neighborhood, however, things like this can be very beneficial to your safety as a whole.

If you choose to have a monitored system then this can be a good investment. The cost can vary quite a lot per month, so try and ma[ke sure you opt for an affordable monitoring service where possible. Companies often offer different tiers too, so give thought to this. A lot of people overlook their contracts when taking out monitoring, as some providers offer a yearly contract that renews every year. One downside to this is that it will become a bit of an issue if you ever decide to sell your home. If you have a year left on your contract then you may find yourself paying high fees as a result.

Don’t Get Stuck on Brand Names

If possible you need to avoid getting stuck on brand names. If you do then you can save a great deal of money. Brands spend a lot of money on advertising and they do this to try and get you in at the higher price point. “No name” products can save you a small fortune because you don’t have to invest as much in marketing or PR. When paying for a security system, a lot of your money will go into the website interface and the smartphone app. The real cost isn’t the purchase price either, it’s the tie-in price that you pay to stay as part of the system, it’s also for cloud storage that you will pay monthly. Some companies will charge you a fee for the camera too and you will pay more for this if you opt for a brand name.

If you can keep things like this in mind when the time comes for you to invest in a home security system then your life will become much easier. You may also find that you can make solid decisions based on the features you need rather than the features you think would be useful. If you don’t want to get caught up with sales tactics, make a list of your essentials before you go ahead and start browsing.

07/02/2024 0 comment

Lifestyle

The Top Ways to Save Money on Dining Out

by Alex Harris 07/02/2024

written by Alex Harris

Eating out might be a great way to save time, but it is not usually a great way to save money. But if you don’t want to stop eating at your favorite restaurants and cafes, don’t worry too much about wallet because it is possible to eat out without it eating up your wallet! Below are some of the best tips to help you save money while you indulge in your favorite pastime—eating.

Become a Happy Hour Hero

Happy hour isn’t just for drinks; it’s a golden opportunity for budget-friendly dining. Many restaurants offer discounted food menus alongside those drink specials during their less busy hours. From half-off appetizers to budget-friendly combo deals, you can enjoy the ambiance and flavor without the full price tag. Pro tip: Make happy hour your dinner hour. Who says you can’t dine at 5 PM? Only your late-eating friends, and they need to see the light anyway.

Let Loyalty Programs Cut the Cost

If loyalty programs were people, they’d be the kind that always remember your birthday and bring you cake. Many restaurants have loyalty programs that reward you with points for every dollar you spend. Accumulate enough, and you’ll be dining for free. Plus, they often send out special deals or freebies for your birthday and anniversary of joining the program. Sign up, keep track, and reap the rewards.

Let’s Go Halfsies

Sharing is caring, especially for your wallet. Dining out with a friend? Consider splitting a large entrée or a couple of appetizers instead of each ordering separately. Not only do you save money, but you also avoid overeating. It’s a win-win! Plus, it’s an excuse to order that dessert you two “will just try a bite of” and then completely demolish.

Skip the Drinks—Both Kinds

Beverages can bloat your bill faster than you can say “I’ll have a water, thanks.” Alcoholic drinks have high markups in restaurants, but even soft drinks can add a surprising amount to your total. Stick with free tap water, and watch your dining costs drip away. Not only is water great for your health, but your wallet will thank you too.

Become a Coupon Clipper

Thanks to the internet, you don’t actually have to clip coupons anymore (unless you want to rock that nostalgic vibe). Websites and apps like Groupon, LivingSocial, and Restaurant.com offer meal deals and discounts that can significantly cut down the cost. Be on the lookout for “buy one, get one free” offers or major discounts on meals.

Surf the Social Media Wave

Follow your favorite eateries on social media to stay in the loop on flash deals, special promotions, or surprise discounts. Restaurants often reward their social media followers with exclusive deals or the heads-up on upcoming specials. It’s like being in a delicious secret club!

Off-Peak Perks

Dining out on off-peak days (think Tuesdays and Wednesdays) can be a lot cheaper. Many restaurants offer mid-week deals to attract more customers on typically slow days. Not only do you save money, but you also enjoy a less crowded dining experience. Check out restaurant websites or call them to find out if they offer such deals.

Embrace the Leftovers Lifestyle

Portion sizes in many restaurants are more than enough for one meal. Consider intentionally ordering larger portions with the plan to take half home for another meal. This way, you’re essentially getting two meals for the price of one. Plus, some dishes taste even better the next day.

Kids Eat Free—Seriously

If you have children, look for restaurants that offer “kids eat free” nights. Typically, you can get one free kid’s meal per paying adult. This can significantly reduce the cost if you’re dining out with the family.

The Art of the Appetizer

Sometimes, all you really want is a taste of several dishes. Opt for a meal made entirely of appetizers instead of one large entrée. This not only saves money but also lets you sample more of the menu. It’s like a culinary adventure on a dime!

Dessert Elsewhere

If you’ve got a sweet tooth, consider skipping the often overpriced restaurant desserts. Instead, head to a local café or bakery for your sugar fix. You’ll likely save money and enjoy a wider range of sweet treats.

Attend Local Food Festivals

Food festivals offer a fantastic opportunity to sample a variety of dishes at a fraction of the cost you would pay at a restaurant. These events often feature smaller portions at lower prices, allowing you to try multiple dishes without breaking the bank. Plus, it’s a great way to discover new favorite spots in your area.

Dine Out During Restaurant Week

Many cities host a “Restaurant Week” where eateries offer special fixed-price menus at reduced rates. This is an excellent time to check out higher-end restaurants that would normally be outside of your budget. You get to enjoy a multi-course meal for significantly less than usual prices.

Bring Your Own Bottle (BYOB)

Look for restaurants that offer BYOB with little to no corkage fee. This can save you a considerable amount over ordering from the wine list. It’s a great way to enjoy your favorite drink with your meal without the usual markup that restaurants add to alcoholic beverages.

Use Cashback Credit Cards

If you dine out regularly, consider using a credit card that offers cashback on dining. Some cards offer as much as 3% to 5% back on restaurant purchases, which can add up over time. Just be sure to pay off the balance each month to avoid interest charges that could negate your rewards.

Sign Up for Email Alerts

If you have an email address, and most of us do in this day and age (but if you haven’t, they’re free to set up so get on it) you can sign up for email newsletters and special events, that will see you receive various exclusive discounts from many restaurants throughout the year. It’s a simple way to ensure you don’t miss out on those big deals and get your dinner for less once in a while.

Hopefully, you have found this article useful because, as you can see, dining out doesn’t have to drain your bank account if you play things savvy. Bon Appetit!

07/02/2024 0 comment

Lifestyle

How To Save On Home Heating Costs This Winter

by Alex Harris 07/01/2024

written by Alex Harris

The summer solstice has come and gone meaning that winter’s creeping up, and you know what that means—it’s almost time to crank up the interior heat! But let’s face it, no one’s thrilled about the spike in home heating costs. Luckily, there are plenty of smart ways to keep your home cozy without draining your bank account. Now, let’s take a closer look at some great tips that’ll help you slash those bills and stay cozy.

Seal Windows And Doors

First on our list, let’s take on the sneaky drafts. Ever feel a chilly breeze wafting through closed windows and doors? That’s your hard-earned warmth (and money) slipping right out! Grab some weatherstripping or caulking and seal those gaps (or bring in a professional to get the job done). A small fix can make a big dent in your home heating costs, keeping the cold out and the cozy in.

Upgrade Your Insulation

Now, here’s an obvious but not-so-obvious tip: upgrade your insulation! It’s very similar to wrapping your home in a thermal blanket. Whether it’s your attic, your basement, or behind the walls, better insulation means less heat escapes, which directly translates into saving money on heating costs. If your house is on the older side, this could completely change the game! Proper insulation not only keeps the warmth in during winter but also helps keep your home cooler in the summer, proving its year-round value.

Install A Programmable Thermostat

If you’re still working with a manual thermostat, it’s time for an upgrade. A programmable thermostat can work wonders for your wallet. Set it to dial down the heat when you’re not around or when you’re tucked in bed. This smart move can trim a nice percentage off your bill by optimizing your heating schedule. And the convenience of setting it once and forgetting about it means you’re always saving money on heating costs without any extra hassle.

Regular Maintenance Of Heating Systems

Keeping your heating system in tip-top shape is key when winter rolls ’round. Regular maintenance ensures everything’s running efficiently, which not only lowers the risk of costly breakdowns but also helps in managing your heating costs this winter more effectively. A bi-annual check-up can spot issues before they become serious, ensuring your system is always operating at peak efficiency.

Utilize Solar Heat

Embrace the power of the sun! On sunny days, pull back those curtains and let the natural sunlight flood in and warm up your home. Just remember to close them when the sun sets to trap that free heat inside. This simple trick uses the environment to your advantage, cutting down on the need for artificial heating. It’s also completely free—utilizing the sun’s warmth can significantly reduce how often your heating system needs to run, saving energy and money.

Invest In Heavier Curtains Or Thermal Drapes

While we’re on the topic of curtains, investing in heavier fabrics or thermal drapes can be a real heat saver. They act like insulation for your windows, keeping the warmth in and the chill out. It’s an easy upgrade that can pay off by reducing your heating costs this winter. These curtains work by creating a barrier against the window, which is often the primary source of heat loss, ensuring that less heat slips away into the cold night.

Use Space Heaters Wisely

Got a small space? Instead of heating the whole house, a space heater might be all you need. Just make sure to use them safely and choose energy-efficient models. Always turn them off when you leave the room, and you’ll find they can be a cost-effective way to heat the spaces you use most. It’s key to position them in rooms where you spend a lot of time, like the living room or bedroom, to maximize warmth without wasting energy on unoccupied spaces.

Lower Water Heating Costs

Here’s another great tip: set your water heater to only come on for a few hours in the morning and a few hours in the evening. Most people don’t need it set to heat up any more than that, and the reduction in this heating time can lower the overall energy consumed, contributing to your efforts in saving money on heating costs. This makes your water heating more efficient by ensuring you’re not heating an entire tank of water all day when nobody is home to use it anyway.

Consider Alternative Heating Options

Thinking long-term? Explore alternative heating options like pellet stoves, solar panels, or geothermal systems. These might require a relatively large upfront investment but can lead to significant savings on home heating costs over time, not to mention they’re the greener choice. They also often come with tax incentives or rebates, which can help offset the initial setup costs, making them an attractive option for those looking to reduce both their environmental impact and their heating bills.

Educate Everyone In Your Household

Get everyone on board! Simple habits like shutting exterior doors quickly, layering up instead of turning up the thermostat, and being mindful about energy use can make a big difference. Every little bit helps when you’re looking to save on heating costs this winter. Teaching the kids to be energy conscious from a young age can have long-lasting benefits, not only for your bank account this season but also in cultivating responsible habits that last a lifetime.

Get Energy Audits

Last on our list of ways to save money on heating costs this winter, consider getting a professional energy audit. By doing this, you’ll have an expert tell you exactly where you can improve to maximize heat retention and efficiency. Tailored advice might just be what you need to optimize your heating strategy if you already feel like you’re doing everything else right. An auditor can pinpoint specific upgrades like additional insulation or sealing leaks that you might have missed, ensuring that every possible step is taken to minimize your heating costs this winter.

Conclusion

There you have it—practical, actionable tips that can help you enjoy a warm home without the financial freeze. Start implementing these strategies early in the season, and you’ll find that saving on heating costs isn’t just possible; it’s totally doable. Because these measures not only enhance comfort but also promote a sustainable lifestyle, proving that being eco-friendly and economically savvy can indeed go hand in hand.

07/01/2024 0 comment

Budgeting

Top Tips for Saving on Your Electric Bill

by Alex Harris 06/27/2024

written by Alex Harris

When you think about paying your bills, your electricity bill is probably one you absolutely dread. The average cost of electricity bills in the US is around $1600 a year, that equates to around $140 a month. This is extortionate but is certainly one of the bills that is most necessary, as unfortunately you can’t live without adequate electric supply. Providers know this, that is why they constantly feel the need to raise the energy prices. You might not think there are any ways to avoid the high electricity prices, but the good news is there are. Take a look at the article below to find out how.

Switch Tariff

You might think that you are stuck on your current tariff forever. There is no such thing as forever when it comes to your electricity bill. You can chop and change when your contract is up, you may also get opportunities to switch throughout the year. There are two types of electricity tariff, fixed and variable. Fixed means that you will pay the same price throughout the contract regardless of whether the price of electricity goes up or down. Variable tariff means your bills will rise and fall with the price of energy. As to which one is best, it all depends if the electricity prices are going to continuously rise. You don’t want to end up paying more than you need to. If you are unsure as to which one is best for you saving money then speak to your provider.

Get A Smart Meter

Since 2006 when smart meters were first introduced, more than 90 million have been installed into homes around America. If you are still not convinced on how a smart meter can help you, look no further. Smart meters can give you accurate and real time readings of how you are using your electricity. You may be rather shocked to find out what makes that meter spin around, showers or boiling the kettle for instance. You can clearly see and understand how much you are spending on any given day, week, or month. People have become a lot more aware of their electric bills since installing smart meters as the information is a lot clearer. You will save quite a bit of money after installing a smart meter due to being aware of your energy usage.

Improve Insulation

If your home doesn’t have adequate insulation then you will be warming your home up with the heating for it to simply escape again. This means your home may feel cold despite paying for that heating. If you live in an older property then these tend to be better insulated than newer properties. However, older homes can also suffer from wear and tear. Head up into your loft if you have one, this will give you an idea of the type of roof insulation. Great insulation can prevent heat from escaping, meaning you won’t use your electricity as much, saving you money each month. If you don’t currently have installation then it might be worth paying out to see the rewards. Shop around for a great insulation company and they will save you thousands on your electricity bill.

Renewable Energy

Have you ever walked past a home with solar panels on the roof? Chances are there are even some in your local neighborhood taking advantage of the sun. This has to be one of the best ways you can save on your electric bill. You will need to make a larger payout in order to see the benefits to your bill. It is definitely worth it as solar panels can save you around $1000 a year, this might not seem a lot but all the little savings add up to a larger amount. Not every home is suitable for solar panels so you will need to check this before you invest.

Use Appliances At Night

You might have heard about people doing their washing during off peak times. Running your washing machine or dishwasher during peak times can end up costing you a small fortune and sending your energy bills through the roof. In order to avoid this, try and do your washing during off peak times. This tends to be in the evening past 7pm. Be careful with this, don’t do your washing while you sleep due to the risk of fire. Stick a wash on when you get in from work in the evening and then turn your machine off once it has finished before bed. You will notice a huge difference in the monthly cost if you use these appliances in the evening.

Discount Rates

Another thing to keep in mind is that your energy provider might offer you certain discounts on your monthly bills. If you are on a low income then it could benefit you to inquire as to which discounts you are entitled to. You could have a look at the low income relief programme. If you use a form of renewable energy then there are also discounts available to you, you can use your tax credits for this.

Turn The Thermostat Down

Lastly, when the weather takes a turn for the worse do you reach straight for that thermostat? Many people will turn the thermostat up when they turn the heating on and then turn it back down when the heating goes off. This is not energy efficient and can actually end up costing you a lot more than if you leave your thermostat on consistently. It might sound counter productive but leaving your thermostat on a lower temperature constantly means your house will be at a steady temperature rather than extreme lows or highs. It can cost an absolute fortune to heat your home when it is freezing cold and your electricity bill could skyrocket. Try it and see for yourself, you might be pleasantly surprised.

Hopefully you found this article helpful and that it gave you some tips and tricks on how you can save money on your electricity bill. Remember, you don’t have to stand for high energy bills as there will always be ways to save money.

06/27/2024 0 comment

Lifestyle

How to Save Money When Buying a New Car

by Alex Harris 06/27/2024

written by Alex Harris

Purchasing a new vehicle is a big expense that may take some time and careful consideration to pull off. Whether you’re buying a used car or a brand new car, it’s certainly no secret that car prices have seen a significant increase in the past few years. The ever changing market means that the car buying process can be unpredictable, so here’s everything you need to know when it comes to saving money when buying a new car.

Decide How Much Money To Save

First and foremost, you need to decide how much money you need to save for your future purchase, and this will depend on a number of key factors such as:

What type of car are you hoping to buy?
Do you want to buy the car outright or take out a car loan?
What is a realistic timeframe for purchasing your car?

These are the three key questions you’ll need to answer in order to come up with a reasonable figure for your savings goal.

For example, if your current car is completely written off and you need to buy a car now, you probably need a quick and simple method to save for a downpayment for a car leasing option.

On the other hand, if you’re looking to upgrade your vehicle in the next couple of years and hoping to buy a used car outright, you have a longer timeline to work with.

With all of these considerations in mind, you can then plan your finances in line with these goals.

Consider Maintenance Costs Too

Once you have purchased or leased your car, the expenses don’t stop there. Within your financial plan you need to consider the recurring maintenance costs and make sure you’ve budgeted for them too. Some of the main ongoing expenses for your vehicle include:

Annual car services
Fuel or electric charging costs
Insurance payments (monthly or annual)
Unexpected repairs and general maintenance charges

Reserving some of your budget to ensure you have some leeway to cover these ongoing costs for the months and years ahead will help you to take care of your car. Maintenance and proper servicing for your vehicle may be an expense, but it’s the best way to increase the lifespan of your car and keep it up and running for longer.

Start Saving: The Checklist

Here is your go-to checklist to help you save money when buying a new car:

Decide On Your Budget

Your monthly budget will take into account your current income and regular outgoings, which will provide you with an in depth overview of your finances. This will then help you to work out how much money you can afford to put aside each month to save towards your new vehicle. Once you have drawn up your budgeting plan you should try and stick to it as closely as possible!

Reduce Unnecessary Expenses

When you create your chosen budgeting plan it may highlight some expenses and outgoings that aren’t entirely necessary. This money could be added to your savings pot, so you may have to forfeit a few luxuries until you can afford your new vehicle. This could include canceling television subscriptions, making packed lunches to take to work and reducing your mobile phone tariff.

Consider Side Hustles

If your current monthly income isn’t quite cutting it, why not consider a long-term or temporary side hustle to help you build some savings? You can use your skills and experience to make money and create a small business to contribute to your regular income.

Sell Your Old Car

If you’re currently in possession of any cars or vehicles currently, now is your opportunity to sell them and use this money towards your new one. Selling a bicycle, an old car or even unwanted furniture and clothing in your home can help you to grow your savings and meet your financial goals.

Reduce Maintenance Costs

Saving on the maintenance costs of your car will help you to reduce your monthly expenses so that you always have some savings to fall back on. A well maintained car is going to cost you less money in the long run, so it’s important to book your car in for a regular service, replace the oil regularly, use the correct tires, and fill your car with the correct type of fuel too.

Try To Get a Discount If Possible

When you’re looking to buy a car, you should always be on the lookout for discounts and deals. Although you may not be able to find a super affordable deal for your vehicle type, here are a few top tips to keep an eye out for.

Buy your car during the holiday season

Car dealerships can’t resist a discount during the festive months such as Christmas, Thanksgiving and Valentine’s Day. This is because consumers are raring and ready to spend their money so a good discount will help over the line.

Visit a Variety of Dealerships

At any given time different car dealers will offer certain deals to entice their customers. Make sure you visit a wide range of dealerships so that you can compare and contrast the prices for each of them.

Check Out Manufacturer’s Websites

Look around and read the manufacturer’s websites directly as there may be certain loyalty schemes that will help you to buy your next car.

Final Considerations

The ease of buying a car will vary depending on your budget, your current financial situation and the type of car you’re hoping to purchase. As soon as you have saved enough money for a downpayment, you can look into viable car loans and leases so that you can get a newer and more reliable car. On the other hand, you may want to put a rigorous savings plan in place so that you can save up to buy a car outright. From this point, you may want to look into methods to reduce maintenance costs so that you can run your car in the cheapest way possible.

All in all, you can save money when buying a new car using a variety of different methods, so consider the best options for you!

06/27/2024 0 comment

Tech

Tesla’s Unstoppable Ascent: Understanding The Sky High Valuation

by Alex Harris 06/15/2024

written by Alex Harris

Tesla, Inc. (NASDAQ: TSLA) has seen its stock price soar to unprecedented heights, reflecting its dominant position in the electric vehicle (EV) market and its broader impact on the automotive and energy sectors. This growth can be attributed to several key factors, including technological innovation, production expansion, and market dynamics.

Technological Innovation and Product Leadership

Tesla’s commitment to technological innovation is a primary driver of its stock price growth. The company’s EVs, renowned for their performance, range, and advanced features, have set new standards in the automotive industry. Tesla’s proprietary battery technology, particularly its advances in lithium-ion battery efficiency and cost reduction, has given it a competitive edge.

The development of Tesla’s Full Self-Driving (FSD) software is another significant factor. While the rollout has faced regulatory and technical challenges, the potential of autonomous driving represents a substantial revenue opportunity. Tesla’s over-the-air software updates and its integrated approach to hardware and software development have kept it at the forefront of automotive technology.

Production Expansion and Global Market Penetration

Tesla’s aggressive expansion of its production capacity has also contributed to its stock price surge. The company has successfully ramped up production at its Gigafactories in Nevada, Shanghai, and Berlin, with another factory underway in Texas. This expansion has enabled Tesla to increase its vehicle deliveries, meeting the growing global demand for EVs.

The Shanghai Gigafactory, in particular, has been instrumental in Tesla’s penetration of the Chinese market, the largest automotive market in the world. Tesla’s ability to produce vehicles locally has helped it avoid tariffs and reduce costs, making its EVs more competitive in China.

Financial Performance and Profitability

Tesla’s financial performance has been another key factor. The company has consistently reported strong revenue growth and has achieved profitability on a GAAP basis, which has been a significant milestone for investors. Tesla’s ability to generate substantial free cash flow and its improving margins have bolstered investor confidence.

The company’s quarterly earnings reports have often exceeded analyst expectations, leading to positive stock price reactions. Tesla’s growing energy business, including solar and energy storage solutions, has diversified its revenue streams and further strengthened its financial position.

Market Dynamics and Investor Sentiment

The broader market dynamics have also played a role in Tesla’s stock price appreciation. The global shift towards sustainable energy and the increasing regulatory support for EVs have created a favorable environment for Tesla. Governments around the world are implementing stricter emissions standards and offering incentives for EV adoption, which benefits Tesla as a market leader.

Investor sentiment towards Tesla has been overwhelmingly positive, driven by the company’s visionary leadership and its potential to disrupt multiple industries. CEO Elon Musk’s ambitious goals, such as achieving fully autonomous driving and colonizing Mars, have captivated investors and fueled speculation about Tesla’s future growth prospects.

Conclusion

Tesla’s stock price growth is underpinned by its technological innovation, production expansion, strong financial performance, and favorable market dynamics. As the company continues to push the boundaries of what is possible in the automotive and energy sectors, it is well-positioned to maintain its leadership and deliver sustained value to its shareholders.

References:

Tesla, Inc. (2023). Tesla Investor Relations. Link
Yahoo Finance. (2023). Tesla, Inc. (TSLA) Stock Price, News, Quote & History. Link
MarketWatch. (2023). Tesla Inc. Link
CNBC. (2023). What’s Behind Tesla’s Stock Surge?. Link
Reuters. (2023). Tesla’s Production Expansion and Market Impact. Link

06/15/2024 0 comment

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