How to tighten your budget during the COVID-19 pandemic

How to tighten your budget

The COVID-19 pandemic has had a devastating impact on families around the globe. From debilitating illness to record-breaking job losses, many people continue to struggle as the pandemic rages on. If you are having a hard time making ends meet, the first step is to tighten your spending budget.

Tighten your budget

Most of us are used to living a particular lifestyle, but during a financial crisis, curbing your spending is a wise move that can help you keep your head above water. Money-saving sacrifices can be made nearly painlessly in most households. If you need cash in a hurry, you can apply for a payday loan in Canada and start rearranging your monthly budget so more money can stay in your pocket.

Let’s take a look at a few easy ways that you can tighten your budget during the pandemic.

Dine-In

Families spend hundreds of dollars a month eating out or ordering in. With the busy schedules that have ruled our everyday lives, it’s often easier to pick up a pizza on your drive home than to cook a meal. The good news is that with the pandemic quarantine restrictions in place around the country, people are spending more time than ever at home. Save some money by trying out some new recipes in your kitchen instead of calling for take out.

If you are still heading to work every day, you can save money by avoiding expensive take out meals. Packing a lunch from home and brewing your coffee can save you up to $100 a week.

Bundle your insurance

If you have insurance policies on your home, car, or RV, you could be adding extra payments to your budget. Talk to your broker about bundling your policies together to help you save money. One easy payment that covers all of your assets is much easier to manage when money is tight.

During the pandemic, you may be able to put some of your coverage on hold. If you aren’t currently using your second vehicle because you are working from home, try reducing your coverage to get rid of your collision rider.

Shop Wisely

Just because we are in the middle of a pandemic doesn’t mean that you still don’t need to buy things. How you make your purchases can make a big difference in your spending. Saving every dollar can help you when things are tight.

Shop for your groceries at a wholesale outlet for the best prices. Order supplies online through Amazon Prime, and you don’t have to worry about paying for shipping. Wait to buy items until the end of the season when prices are reduced.

Unplug

Your energy bill is a necessity, but there are still ways that you can trim the fat. Be conscious of your usage, and try to eliminate as much waste as possible. Unplug your appliances that aren’t in use, don’t leave your device chargers plugged in and turn off the lights in the rooms you aren’t using.

There are plenty of small things that you can do as a family to tighten your budget that will have a significant impact. Take stock of the things you can go without for a while and focus on the priority items. Making a few of these budgetary changes can help you make it through this challenging time until things get back to normal.

Other articles from mtltimes.catotimes.caotttimes.ca

Canadian latest UFO glowing coin

Canadian latest UFO glowing coin

Canada Covid Alert App

Canada Covid Alert App – Why you should download it

Facebook
Twitter
LinkedIn
Email
Is it possible to get an A for a 5-paragraph essay assignment in 1 hour? We can safely say yes, a student can get an A+ mark if he turns to EduJungles


staycation

The ultimate guide to planning a long family staycation in Canada

To guarantee that everyone has an amazing time, careful planning is necessary when organizing a lengthy staycation. Here’s the ultimate guide to planning your family staycation in Canada. Canada, with its vast landscapes, diverse cities, and rich cultural heritage, offers endless possibilities for a memorable family staycation. Whether you’re exploring the stunning natural beauty of

Meal kits

Cost vs. Convenience: Analyzing meal kits and traditional cooking

In this modern world and modern times, convenience often takes priority over cost, especially when it comes to food. Meal kits and traditional cooking represent two different approaches to home dining, and each of them has advantages and disadvantages. Analyzing these methods through the lens of cost and convenience provides insight into why individuals might

Condo renovations

Condo renovations Dos and Don’ts: Expert Tips for a Successful Project

Embarking on a condo renovations journey can be both exhilarating and daunting. Imagine transforming your living space into a stylish haven that reflects your personality and meets your needs. While exciting, the process can be full of challenges and unforeseen hiccups. That’s why we’ve gathered some condo renovation dos and don’ts from the experts to

Terrific Hair

Terrific Hair Means Tamanu – Earth to Body

Curly, straight, thick, thin, kinky or silky, tamanu loves and makes terrific Hair.  And scalps. Nutritionally dense yet gentle, tamanu is an effective and versatile nut oil. It stimulates, helps promote growth. prevents hair loss, reduces scalp itch and irritations and adds a natural sheen! Make tamanu a part of your hair and scalp care

Understanding the 4 legal process after a DUI Crash

A single mistake can have serious consequences, especially when driving under the influence. The aftermath of a DUI crash extends beyond physical harm and property damage. It involves a complex legal process that may feel overwhelming. As a responsible citizen, it’s vital to grasp the legal system and your rights in such situations. This blog

personal injury lawyer

Pedestrian accident: How a personal injury lawyer can help you

Accidents involving pedestrians can be life-altering. You could be walking down the street or crossing a street. A vehicle’s sudden impact can change everything right away. If you’ve found yourself in such a situation, you might be wondering how to move forward. This is where a personal injury lawyer steps in, offering crucial help and

Mtltimes Subscription

The latest on what’s moving Montreal and the world – delivered straight to your inbox