The globe is at a standstill state since coronavirus hit the face of the earth. There are rising numbers of cases and deaths all over the world as the virus is still causing more damage. For example, many businesses are not open because of the virus in efforts to contain the spread. This article talks about simple ways to save money.
Economically, many things are changing especially the trade markets are low. As a result of businesses closing, many people who depend on them are out of work. In America, millions of people are jobless as the number of jobless claims has risen significantly.
The McCurry Family Is A Figure For Emulation.
One might be out of work and may not be receiving the same amount of pay he or she was getting. The McCurry family tells such people to re-evaluate their annual or monthly budgets and find options to free extra money. McCurry’s family also shows us ways of saving money during this pandemic.
The family lives in North Carolina and they are 5 in number inclusive of 3 children. This couple was able to save more than $1 million in a decade by saving over 65% of their salary. It strictly sticks to a yearly budget of more than 35000 dollars.
3 Simple Ways To Save Money.
Below are 3 simple ways of how one can save much during this hard time. McCurry strongly suggests that when taking an insurance policy, you should compare what other insurance companies offer and choose the cheapest.
Currently, insurance companies are offering discounts on people who have taken car insurance policies with specific companies. If in a state whereby you do not drive often, you should contact your insurance provider and ask for a cheaper policy.
Policies
A person needs to be aware of several policies available in an insurance firm and be able to read in between the lines for clauses on the cover taken.
In the case of mobile charges, one should revise his or her mobile data plan and choose the cheapest plan. McCurry also advises on comparing other deals available in various companies and choose what is affordable by then.
A second way of saving cash is by cutting on take-aways and shopping simple groceries. McCurry says that most of the restaurants or bars are not open and this should work out as an advantage for one. A person should strive to cook meals at home and avoid the take-outs at all costs since they increase unnecessary costs.
When going for grocery shopping, one needs to be aware of what he or she is putting in the shopping cart. As a wise person, it is best if you make a simple list of the groceries you wish to get for the week and avoid impulse purchases.
The couple says that it is best if one avoids meals that require a lot of spices since they are expensive for now. For the taste enhancers buy commodities that are multi-purpose and suitable for most foods, for example, soy sauce and olive oil.
Canceling the Monthly Subscriptions
Finally, another way of saving a lot much more is by canceling the monthly subscriptions that you do not need. For example, having 3 movie streaming platforms at such a time may be unnecessary. Pick one streaming platform that you love the most. However, excluding all these costs does not have to be permanent since one may still opt for a discarded expense later.
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