How well are you utilizing your free time in this lockdown?
COVID-19 global outbreak has caused a total lockdown in almost all the countries in the world. This, however, presents us some free time and a perfect break to go examine our recurring expenses, to carefully go over through and shop around for better offer.
Take a seat and analyze your bank statement for the account you are using to cover your expenses and see what is consuming your money each month. You might identify some subscriptions that are avoidable or that are not useful anymore and can cancel for instant savings.
According to a financial expert, making lists of all recurring bills and a thorough check is critical for financial independence.
If you do this, you might end up cutting your monthly expenses by a substantial sum. Remember every small amount that you can cut adds up and will be money saved even after the pandemic.
It’s also a good idea to examine your utility bill, you might observe where you are using more than electricity than usual. You will be surprised how your expenses drop drastically when you do this frequently.