Ways to reduce household expenditure

Question 1

A family can make savings in what four areas?

Answer 1

Food shopping
Household bills
Clothing
Travel

Question 2

How can families make savings when food shopping?

3 points

Answer 2

Shop in discount food stores

Buy own-brand instead of branded products in supermarkets

Purchase non-perishable foods such as pasta in bulk especially when on offer

Question 3

How can families make savings in relation to household bills?
(3 points)

Answer 3

Turn down the thermostat on home heating systems by one degree, to reduce heating bills

Compare the costs of various utility providers to avail of the best deal being offered

Use the economy setting on washing machines and dishwashers, and only turn machines on when they are full, in order to reduce electricity bills

Question 4

How can families make savings in relation to clothing?

2 points

Answer 4

Buy clothing from second-hand shops

Buy clothing during sales and watch out for special offers

Question 5

How can families make savings in relation to travel?

2 points

Answer 5

Where possible, walk or cycle to destinations to cut down on fuel or public transport costs or carpool with another individual

Buy a yearly travel pass for public transport, as it is cheaper than paying for individual fares