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Created on 16.06.2022

How do I save money on my household budget? Take care of your household budget with these nine finance tips

For singles, couples and families – our smart finance tips help you to save money on your household budget. And the best part is that with these few tips, you’ll not only have more money in the household budget, but you’ll also be doing your bit for sustainability.

We’ve put together nine smart finance tips to encourage you to make household savings.

Finance tip 1: Make savings on your biggest budgeting items

First, check all the regular expenditure that arises in your household. How much do you spend each month or year on mobile phone contracts, insurance premiums, Internet, streaming services and so on? Think about which of these you really need and find out if there are cheaper alternatives. Checking regularly can help you find potential savings.

Finance tip 2: Sell used items and boost your household budget

Go through your cupboards and cellar or attic and take out all of the things you no longer need. Clothes, toys, or household appliances that you no longer need but are still in working order – parting with them is definitely easier if you get a little money for them. So sell your items at a car boot sale or on platforms like Ricardo and Tutti, and put a little extra into your household budget.

Finance tip 3: The sharing economy – better to hire than to own

Skis, drones, bicycle racks, pressure washers or a dress for the next party – there’s no need to buy everything! Many things can also be hired, whether from specialized businesses or platforms. In Switzerland, the hiring platform The link will open in a new window is making a name for itself. With cars too – one large budgeting item for households – hiring can be worthwhile, for example via the The link will open in a new window carsharing platform This saves on the costs for purchasing the vehicle, parking, expensive repairs, etc.

Finance tip 4: Never shop when hungry or you’ll eat up your household budget

Just worked up an appetite? Maybe it’s better to eat first and then go shopping on a full stomach. Experience tells us that going shopping for groceries when you’re hungry means leaving the store with more shopping bags than you intended – and these spontaneous purchases can add up on the household budget. Unless you are one of those disciplined people, who only buy the items on their well-prepared shopping list.

Finance tip 5: Reusing leftovers saves money and tastes great

Delicious meals can be prepared with any leftovers – it’s easy to turn vegetables into soup, old bread into French toast and extra fruit into crumble. On the website The link will open in a new window , there are lots of The link will open in a new window tips and recipes for using up leftovers. You can save lots of money on grocery shopping if you reuse your leftovers.

Finance tip 6: Buy second hand from time to time

You don’t always have to buy new. Many things can be found in thrift stores, at car boot sales and online that are as good as new but have been used before and are cheaper – toys, furniture, clothing, tools, etc.

Finance tip 7: Recycle your rubbish and save your cash

Being aware of how you use resources is good not only for the environment but also for your pocket. Dispose of your waste carefully. You’ll prevent unnecessary expenses by sorting your rubbish carefully and putting it out for recycling.

Finance tip 8: Switch off sometimes at home

At home, ensure that you turn off electronic devices completely, hang out washing instead of using a tumble dryer, take short showers and open all your windows occasionally rather than having some open all the time. Day after day, these tips will save you energy and money.

Finance tip 9: Keep a savings book for your household and pay your bills on time

Do you know where all your money goes each month? Use a budget planner to note down your expenses methodically – on paper or online. You’ll quickly find out what you spend money on and where there are potential savings. Don’t forget to schedule a fixed amount, if possible every month, for unforeseen expenses and retirement planning. Remember to settle your invoices on time to avoid reminder fees. Find out how to easily pay your invoices in the article “Find out how to pay QR-bills or create them yourself”.

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