There’s something to be said for being resourceful. Not only is it smart and responsible, but it can also be financially rewarding. This is particularly true for cost-conscious individuals looking to cut expenses and save money. Do you know how to be a highly resourceful person? Here are some habits you’ll need to adopt:
Use public transportation.
Whenever possible, you should seek to use public transportation. Not only is it cost-effective (allowing you to defer monthly expenses such as car payments, interest, gas, maintenance, and insurance), but it also mitigates your impact on the environmental landscape. Public transportation runs regardless of whether or not you use it, so it only makes sense that you utilize available resources like buses and subways. And in case you were wondering, the estimated cost of owning and operating a vehicle is approximately $8,689 per year.
Use water wisely.
Water is something most people frivolously use without thinking about the consequences. However, as many areas in the United States have recently learned, water isn’t always freely available. Some tips for conserving water and maximizing consumption include harvesting rainwater for landscaping use, collecting water from the shower as you wait for it to heat up, and installing low-flow toilets and other plumbing appliances.
Install a programmable thermostat.
Is your air conditioning system constantly running while you’re at work or away from home? If so, you’re cooling an empty home, wasting money, and using unnecessary amounts of energy. Installing a programmable thermostat allows you to control the temperature at different times of the day. Certain smart thermostats even let you remotely adjust the temperature from your smartphone or tablet. In addition to reducing your dependence on energy, a programmable thermostat can help you save hundreds of dollars each year.
Keep your tires pumped.
Did you know that tires lose around one pound of pressure each month? And when tires become three pounds underinflated, your vehicle’s fuel economy drops by an entire percentage point. Over the course of a year, this can be rather costly. Find a gas station with an air station and top off your tires every few weeks for optimal performance.
Learn to love leftovers.
Whether you’re eating out or eating in (side note: eating at home is much more resourceful), you need to make leftovers a priority. Never throw away uneaten food. You can use it for a meal or snack the next day. This ensures your food isn’t wasted, and that you don’t have to purchase more food than you need.
Carpool to work.
Do you live near any of your co-workers? Do any of your neighbors work near your office? Carpooling is a fantastic way to reduce unnecessary emissions and maximize driving-related expenses. There are even websites designed to help you find people who live and work near you.
Regardless of whether or not your employer gives you unlimited printing and copying privileges, you should begin to limit the amount of paper and ink you use. Instead, opt for emailing and storing virtual copies of documents. It’s much more efficient and costs significantly less. It should also be noted that ink cartridges shouldn’t be thrown away. Recycle them at your local office supply store and they may give you a small rebate.
Are any of these habits currently a part of your lifestyle? Could you adopt any of them and maximize the money you spend? Being resourceful is a way of life and it all starts with a frame of mind. By understanding that there is a finite supply of natural materials and accurately understanding your spending limitations, you can find a happy medium that allows you to live comfortably, while avoiding being wasteful.