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In this crucial time of COVID-19, many countries are lockdown as a result lots of talented manpower is
at home under the eagle eyes of their wife. So Hey ladies, use this opportunity
to make and save some money as well as save some space at your apartment,
villa or house, where each square foot is precious. Successful people always think differently about savings and earning from various sources. Here I am giving you some tips
to earn and save from home during this homestay.
“During lockdown earning is difficult but saving can be worthful.”
So use these 12 tips for
earning some extra money at homestay during COVID-19.
1.
Make paper money from old paper
Interestingly, first, check all
your cabinets and racks, withdraw old newspapers and magazines then make a
bunch of it. Convert newspapers into paper money once market reopens.
2.
Withdraw stuff you didn't use in last year
Yes, we are shopping for lovers and
we collect lots of useless
stuff like carrying bags, plastic items, showpieces, key-chains, electric gadgets, games, etc. which we use for a few days even a few minutes then stores it for years. Withdraw this stuff and sell it to the garbage center, or on OLX.
stuff like carrying bags, plastic items, showpieces, key-chains, electric gadgets, games, etc. which we use for a few days even a few minutes then stores it for years. Withdraw this stuff and sell it to the garbage center, or on OLX.
Future tips-If you want to decorate your home always try to purchase metal showpieces instead of ceramics or plastic as metals don’t fade up or break easily. One more point is, it will give you more rewards at the time of resale and if that item is unique it could be turned into antique after some decades which will turn into a treasure for the next generation.
3.
Check energy-consuming points
I mean check which of electricity
points are consuming more
energy, make a list of it and change these points into the more energy-efficient product, for example, change CFL bulb into the LED bulb, regular ceiling fan into the LED fan, replace one or two-star energy-efficient products with four to five-star products. This will save considerable electricity forever. After all one rupee saved is equal to a rupee earned.
energy, make a list of it and change these points into the more energy-efficient product, for example, change CFL bulb into the LED bulb, regular ceiling fan into the LED fan, replace one or two-star energy-efficient products with four to five-star products. This will save considerable electricity forever. After all one rupee saved is equal to a rupee earned.
4.
Check all subscriptions
As we always are busy. But this lockdown has provided us
enough time to think for all are subscriptions for the magazine, different TV channels, various mobile operators internet plans, Wi-Fi router plan. Think twice if these are not useful to you then cut it immediately. This affects your bank account on monthly basis.
enough time to think for all are subscriptions for the magazine, different TV channels, various mobile operators internet plans, Wi-Fi router plan. Think twice if these are not useful to you then cut it immediately. This affects your bank account on monthly basis.
If you are using DTH cable service then recharge for 11
months and get 12th months subscription free which accounts for an 8% discount. Don't love your old landline and radio connection as well. In this century everyone has mobile in his pocket then why to waste money on your landline and radio bills if you are getting 20 to 30 calls per month then cut the connection immediately as this will save almost Rupees 250 monthly, i.e.3000 Rupees annually if you are in India.
5.
Track your family’s total mobile connections
This is a big fat cat. Track
and note down all mobile operators' plan your family is using. Search for a
better cost-saving family telecom plans as many operators like Jio and Airtel
offers. It will save approx. 20 to 30 percent of total telecom bills, Bingo!
6.
Staycation
This is trending in the market but seriously one needs to make fun by arranging vacations at home lawns, backyards, or at their home
town/ country to increase savings. We know some vacations outside our country are tempting but it's better to stay away for a few years.
7.
Use Petro card
If you have bikes and cars in
your parking then it's time to reduce the automobile food bill. Petrol and diesel
are one of the most consumed things in India. Try to be a member of your nearest
fuel pump with a membership card. Then use it to fuel up all your automobiles. It
will save up to a few bucks. The first step is to go and get the membership form
whenever the lockdown opens.
8.
Think about membership of the online market
If you are using an online portal
and accepted their prime membership then you are wrong. As you can purchase
lots of stuff cheaper than this, from time to time from the local market or any other
website then why are you bounding yourself with these cards? If these websites
do not charge any amount against membership, you can think of them.
9.
Rent your home or plot
Yes, you are correct. If you
have a big home, make some part of it available for rent. Lots of people forget
that they don't need this much big house or plot. So provide some space to
anyone needy and earn a huge amount. Think about it, plan it, do it. Especially in
India lots of people reside in big bungalows with small families and keep
crying that they don't have any fixed income. Even plots also remain vacant
for years. This will prove the best option to earn income. So, check it now
that do you have this option to earn passive income.
“It’s not how much money
you make, but how much money you keep, how hard it works for you, and how many
generations you keep it for.” —Robert Kiyosaki
10.
Think for family insurance plan
If your family members are
getting insurance cover under different plans from different companies then
think twice. It's time to switch on one single-family insurance plan. Certainly, it will reduce the total expenditure you make on health.
11.
Use, unused cosmetics in a different way
Interestingly, we use very few
cosmetics on regular basis. But because of shopping habits and advertisement penetration,
we purchase hair oil, shampoo, scrubs, soaps, nail paints, perfume, etc. which
we use for a few days only. As per research average monthly spending on cosmetics
by an individual in India is RS. 1446 in 17-18. So why are you waiting for? Open
your dressing table drawer and shelves, take those unused cosmetics. Use
shampoo as the car wash, scrub as door handle cleaner, perfume as a room freshener
and the list go on. This will save some space and money also. Don’t feel shy to
use it in Indian ways as the world now appreciating Indian Jugaads.
12.
Exchange your medicines
If your medicine box contains
unused medicines then go to
medicine shop and if possible, exchange it with other useful products.
medicine shop and if possible, exchange it with other useful products.
“You don’t have to see the whole staircase, just take the first
step” –Martin
Luther King, Jr.
To sum up, take the first step
now in your free time. Sell all unused products, modify your subscriptions, and
plans with affordable one. This will help you earn more out of your home. So get,
set, save, and earn more but don't forget to comment below as how much you saved.
Note: This information is given
in general format by the Honking Success team, we are not a certified financial advisor. Do not take it as legal or
financial advice. As we are not responsible for any losses occur because of the
above information. Consult your certified financial consultant before acting on the above point.