A Letter To My Past Self On Saving Money

What would you tell that younger man with your name to help him manage his finances better? The idea is to give tips to our past selves at different points in our lives. In this case, here are tips for the younger me just starting to save to buy a house. Month to month, it’s important to pay attention to the accounts. Where does your money go? Surely, much of it is going in the electricity bill of your current temporary home.

Here are some tips on how to use your appliances and save without you noticing. If done well, you might not even need mortgages by the time you’re ready to buy a house.

1. Check the electrical power you have contracted, you may not need much. For example, your home may be small but you may have contracted power of 6 kW which is much more than necessary. By reducing it, you could save up to 60 dollars per year. Note that this is how money is saved.

2. Don’t spend on stand-by stuff. Turn off the red light that is always on the television. If your TV has no button, go to settings and change it. Do not turn on and off the air conditioning all the time. It is best to keep the thermostat at 77 degrees.

3. Change your light bulbs. Head over to LED: They work for 25 years without change.

4. Do not constantly open and close the refrigerator, because the change in temperature will cause you greater consumption. There are smart appliances that can help, such as new refrigerator which has a separate door through which you can access the products you use more without having to open the full refrigerator, reducing the loss of cold by 41%.

5. Bet on more efficient appliances. That means, stay with class A+ + +. To give you an idea, if you have a fridge in this category you can save more than $200 in life against one class A +.

6. Fill your washing machine. Do you ever wonder how many washes you make during your life? Surely you can reduce them. Some washing machines offer up to 26.5 lbs capacity in standard sizes, so you can wash more bulky items or even reduce the number of washes you put after each week.

7. Do the same with the dishwasher.

8. Turn off the light. It seems obvious, but how many times you leave the light on in a room without being in it? Yeah my older self.. you left the light on again!

9. The oven is a great ally. It is one of the appliances that consumption can be adjusted. Do not put it on high temperature or too low, before using the oven you have to give it the right temperature and do not open the door while it is on.

10. Choosing the right dryer can also save you a ton of money. Get a gas dryer, and you can expect to save around $100 a year.

My younger self, follow these tips and by the end of the day you’ll have saved more than you can realize. I’m sure that with these tips, you’ll have that house you dream of a few years earlier!