POSTS TAGGED : save money

How to Save Money on Your Business Electricity Bills in 2023

Why You Need to Save Money on Your Business Electricity Bills in 2023

Office lighting

Electricity is one of the most essential and expensive utilities for any business. According to the Department for Business, Energy and Industrial Strategy (BEIS), the average electricity price for small and medium-sized enterprises (SMEs) in the UK was 15.37 pence per kWh in 2021. This means that a typical SME with an annual electricity consumption of 20,000 kWh would spend about £3,074 on electricity bills per year.

However, electricity prices are expected to rise in the coming years due to various factors, such as the increasing demand for electricity, the phasing out of coal-fired power plants, the uncertainty of Brexit, and the impact of climate change .…

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How to Save Money When Working from Home

There have been profound changes in workplace culture in the last few years. One of which is the rise of remote work. Working from home has come with several advantages, including the potential for better mental health and increased productivity. In fact, one 2022 report states that 78% of people who work from home experienced better work life balance.

Work from home

However, working from home also comes with some disadvantages such as the rise of household costs. Below is a list of several ways you can save money when working from home in 2023.

Consider your Energy Usage

It doesn’t take a genius to figure out that if you’re spending more time at home working, then your energy usage will undoubtedly go up.…

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How To Save Money On Energy Bills With A New HVAC System

Your HVAC system is one of the most important parts of your home. Thanks to it, you and your family can stay comfortable during scorching summer days. It also keeps winters cozier and more bearable. Your HVAC system also ensures air circulates properly and sufficiently around your home.

Air conditioner

But according to HVAC Lorton, the unit that once kept your home comfy can become a source of nuisance as time passes. As your heating and cooling system gets old and outdated, it’ll require constant repairs. It might even operate noisier than before, and its overall performance can become lackluster.

Granted, you can always repair it, but it’s just a short-term fix.…

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4 Easy Ways Business Students Can Save Money on Their College Education

As a business student, there’s a good chance you’re already racking up a variety of school-related expenses. From basic tuition costs to rent payments to school supplies and more, business school requires a significant up-front investment, whether you’re in an undergraduate or a graduate program.

College student using study apps

Fortunately, even enrolling in a high-priced program doesn’t mean you need to saddle yourself with burdensome loans. Here are a few ideas you could try to keep more cash in your wallet while in school.

1. Research Scholarship or Grant Opportunities and Reduced-Cost Equipment at Your School

At many schools around the country, there are scholarship funds going unused because not enough students are applying for the opportunity.…

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Outsourcing Can Save Your Business Real Money

Outsourcing is a key ingredient used by many business owners to make jobs easier and free up schedules. Business owners can save a lot of their time, which they can use for generating more income and developing new and productive ideas. It is a practice that triggered the popularity of outsourcing exponentially.

Outsourcing to save money

photo credit: Cottonbro / Pexels

A second advantage is that entrepreneurs can outsource specific jobs to professionals who are experts and possess the fundamental skill set in that particular field of business. Before an entrepreneur sought their support, they were struggling to cope with those tasks. Thus, outsourcing results in saving money, effort, and time.…

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4 Ways to Save Money in Your Small Business

When starting a small business, a lot of entrepreneurs often make the mistake of overpaying for certain expenses. To be more specific, most small business owners spend more than twice their initial expected cost just within their first year of operation.

Small business finance

photo credit: Pexels

This overspending led to a large chunk of small businesses failing not long after they started simply due to the lack of funds. Statistics from the Small Business Administration Office of Advocacy revealed that only 80 percent of small businesses were able to survive during the first year of operation.

That might sound healthy, but after a 5-year mark, only half of those businesses survived.…

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Budgeting Tips: Money-saving Ideas Every Family Should Know

Starting a family is one thing that will surely affect your finances, but growing one is where you actually feel the pinch. Finances should be one of the major considerations to have before starting and eventually growing your family.

Family budgeting

Given how expensive it is at present to raise a child, couples should really put great thinking before rearing one. It may be terrifying or challenging for parents at first but there are several money-saving tips out there that every family should know.

So whether you are just starting a family or if you have several children already, here are some creative and quite practicable ideas to save up money for your family.…

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Easy Ways that Your Small Business Can Save Big Money

Successfully running a small business is no easy feat. It takes a lot of hard work and patience, as well as the funds to bring your business ideas to life.

Money saving tips for small business

With that said, however, you don’t necessarily have to be rich to have a great, profitable small business.

What you do need is to be able to manage money correctly and to save money wherever possible.

Fortunately, there are many easy ways to save money for your small business. And, if those things don’t work or you still need more help, you can always turn to a title loan or another type of loan to help get you back on your feet or to get you off to a running start.…

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The Advantages of Using VoIP for Your Business

VoIP or voice over IP technology has been around for a while and is being used by businesses big and small. VoIP uses broadband internet to transfer voice data in the form of digital packets. While it can be used to reduce your overall costs on calls, this is not the only reason why VoIP can be such a powerful tool. The fact that it digitizes conversations makes them much easier to search, classify, mined for data, distribute, and store. Let’s take a look at some of the many benefits VoIP could have for your business.

Entrepreneur hold smartphone while using VOIP

Cooperates Better with Omni Channel Tools and CRMs

One of the things that make VoIP such a great solution is that it can have a profound impact on your customer relationship management process.…

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What Time of The Year is The Easiest to Save Money?

No matter who you are, saving money can be a difficult game.

Maybe you’ve promised yourself many times that you’re going to try and put some cash to one side, but life has a habit of throwing hurdles in our way. An unexpected cost here or there is all that’s needed to scupper your saving attempts.

Save money tips

However, with a bit of planning around when to buy and save, you might stand a better chance of having a little extra come the end of the year.

Dry January

January is, by all accounts, pretty miserable, but, despite being home to the most depressing day of the year, it offers opportunities to spend and save wisely.…

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