The amount of money you have at your disposal doesn’t always correspond to the level utility you derive from spending it. A careless spender with a huge income may still not have as strong purchasing power as an astute spender even when the latter has a relatively lower income. In other words, the size of your income isn’t as important as what it’s capable of getting you. Yes, you heard me right; that is what really matters: your purchasing power.

So, how do you start enjoying the best out of your earnings? The process is simple. Just follow these simple steps and successfully to real control of your spending on very essential commodities and services that you must consume.

1  Prepare Your Own Meal

We all eat out, but surely this shouldn’t be the usual thing. No! Because eating out is much more expensive than preparing your own meal, yet it doesn’t assure you of high quality. When you stock your fridge and buy the necessary foodstuff, you automatically cut out all the expenses that the eateries would have added in order to pay their bills and still make profits. Yet, you’ll be killing two birds with just a stone as you cook: getting your meal ready and engaging in a healthy recreational activity.

2  Get Cheap Accommodation

A shelter over your head isn’t an option. It’s a must. However, you don’t have to pay a throat-cutting monthly instalment or rent. What kind of a house should you go for then? You must have heard of low-cost houses. These are houses built with unconventional materials. But who cares! You see, a house is to provide shelter, and this is exactly what these houses do too. And they also look beautiful once the finish is done well. And because of the kind of materials used, at times baked mud is used, the house is always cosy inside whether the weather is cold and hot.

3  Get Cheap Quality Internet Data Bundle

Telling you to cut your internet data consumption is like telling a plane to cut down its fuel consumption. That is ridiculous. This age is the age of internet, there is hardly anything you want to do that isn’t connected to the internet. What matters is how to reduce the cost. Well, there are ISPs that will give you huge data at very competitive prices and still give you freebies. This means you can drastically cut the cost of data subscription and still enjoy the luxury of using the internet for as long as you desire. It’s high time you started taking advantage of the competitive market of the Internet Service Provision. That is it! Who says you can’t enjoy both quality and quantity?

4  Consider Home Schooling

If you’ve got children, school fees can be very suffocating. Meanwhile education is too essential to be left out of your budget. So you’ve got to plan. What some people do these day is to home school their children and later enrol them for examinations. This becomes a lot easier if you work from home, or have neighbours who are also doing home schooling for their children. This way, you can collaborate with them to effectively circumvent exorbitant school fees and still get quality education for your children.

5  Generally Place Necessity over Luxury

Finally, in whatever you’re doing, consistently choose necessity over luxury. Look, except you’re a confirmed millionaire, you don’t have to pay for luxury. Never please. After all it doesn’t give you any real value for your money. And it always costs much more than what makes a difference in your life.