Post
Topic
Board Economics
Re: what are the best ways to save cost?
by
Bigjoe33
on 08/09/2025, 19:01:47 UTC
It's no longer news or new thing how inflation has ravaged the globe, especially that of Africans and things are getting more expensive every day by day. Usually, when things are getting tougher there should be ways of preventing, reducing or economizing things to suit the current economical situation. Most times things gets unusual high in the market, and what you would buy today in the market or at the supermarket will doubled and like, I will be how? Just what I got last few days has doubled? Again, money doesn't have any value what you think could sustain you for a week is no longer taking you to 4 days. So, I want to ask over here to know the ways or technique you uses at home to reduce and save cost.

My most perfect way to reduce and save cost at home is using ''scale of preference''. This is simply arranging your needs in other of importance. This principle of saving cost implies that you only buy things as to how much they are needed at home. The goods or items needed at home are arranged in a list of how important they are. The less important ones are written below and may not be attended to. This is very effective because it doesn't permit extravagant spending. You don't buy by impulse. You don't buy what is not written in you list as at when the list was prepared, withers at the end of the month when salary comes in. So this helps you to save or reduce cost.

Secondly, you can also employ the concept of '''Opportunity cost''. This means the real cost for the alternative for gone. That's is, you letting go of something you needed because the other one is more important and importantly needed. If you practice this, you would be able to save some money as you only buy because something is greatly needed. No excess or unnecessary spending, no mandatory buying, no impulse buying, no unplanned buying, no buying under pressure due to demand from unplanned source. Thus could really help.

Other users has also advised that getting an extra job for extra Pay would go a long way, and also creating a little garden where little things can be raised. Some plants and animals can be raised, and as you don't buy them directly firm the market, you are saving cost.