If you’re looking for ways to save those hard-earned dollars, think about the one thing that people do for almost one-third of their life: sleep. How can sleeping save you money in the first place? And what are the specific ways that you can save money while you sleep? These are the two questions that we’ll try to answer in the following sections.
How Can Sleeping Save You Money in the First Place?
Those who are looking for ways to save money might do a quick search on coupons, vouchers, staycations or cheap ways to maintain a household. But there’s actually something very simple that will not just allow you to save money, but benefit your health as well and it’s none other than sleeping.
First, let’s take a look at the health benefits of getting enough sleep. When you get enough quality sleep at night, you will wake up the next day feeling rested and refreshed. Studies conducted at Duke University have shown that those who do not get enough sleep usually make risky or overall bad financial decisions. If you’d like to manage your money well, make sure that you enjoyed a good night’s sleep the previous night.
Another way that sleeping can help you save money is that it will not expose you to health hazards. Enjoying good quality sleep will make you live longer and benefit your health from an overall perspective.
According to the website of Harvard Medical School, people who do not get enough sleep suffer from obesity because of irregular hormone levels; may experience diabetes, heart disease and hypertension; suffer from moodiness; have decreased immunity and life expectancy. The healthier you are, the lower your health care costs would be – so get enough sleep!
Sufficient sleep also helps you save money on cosmetic products because it makes you look refreshed and attractive. Women who’ve had a restless night would understand how much makeup they would need to cover up the blemishes on their faces or the dark circles under their eyes. If you’d like to save money on makeup and look your best the next day, simply go to bed early.
Enough sleep also makes you a safer driver so you would not get involved in any road mishaps; it eliminates the need for pricey lattes or energy drinks; and you can survive on less food because proper sleep helps you diet more effectively.
Ways to Save Money While You Sleep
Now that you already know how getting enough sleep can help save you money, let’s look at the individual ways that you can actually save money while you sleep:
Check each faucet to make sure there are no leaks or drips
Before you go to sleep at night, you can actually save a lot of money simply by having a routine. The number one thing that you need to do is to check each faucet and showerhead to make sure that there are no drips or leaks. If you have a big house, you would have to go through each bathroom and listen for the sound of dripping water. The same thing holds true for the kitchen sink and lavatories.
By simply turning off a faucet that drips one drop of water per second, you will already save two gallons of water overnight. If you overslept and only managed to turn off the dripping faucet late in the morning, that would have cost you a lot in water utility bills. Aside from the fact that this seemingly simple task can save you a lot of money, you will also enjoy better sleep because there is no sound of water dripping.
Flip all switches with electrical devices wired to them
Another easy way for you to save money while you sleep is to flip all the switches with electrical devices wired to them. Head over to your entertainment room where the TV, cable box, DVR and other electronic appliances are plugged in. It’s better if you have a single switch hooked up to several devices so that you would only have to turn off one switch.
When electronic and electrical appliances are kept in standby mode all night, it will cost you an additional ten cents. This may not sound like a lot of savings but if it has become a nightly habit, putting appliances on standby mode will cost you in the long run.
Turn off all the lights
Leaving lights on at night is like putting your money down the drain. The same thing applies even if you are using energy-saving light bulbs. Why would you need the extra lights for, anyway? Once the entire household is asleep, you can leave all the lights off – save for an outdoor light that you can leave on for security purposes.
When you leave on a 60-Watt light bulb for eight hours, it will cost you around five cents more in utility bills. If there are several lights left on, the cost will all add up eventually.
Completely shut down your computer
Whether you have a desktop or a laptop computer, completely shutting it down while you sleep will save you a lot of money. There are those who like keeping their computers on Standby, Lock or Sleep Mode at night so that they can get back to work right away the next morning, but this will cost you more energy in the long run.
Phantom electricity is consumed when you leave your monitor, printer, speakers and other computer-related accessories on standby mode instead of completely turning them off. To make the task easier, simply purchase a power strip where everything is connected. Once you hit the off button, everything else turns off along with the shutting down of your computer.
Adjust the temperature in your room
Another source of additional utility bills is the air conditioning unit or heater inside the bedroom. Your goal should be to make the temperature cool enough while you sleep during summer, and warm enough during winter.
If you’re using a thick blanket during supposedly hot summer nights, it means that your air conditioning unit is working overtime. Adjust the temperature in the room accordingly, just enough so that you can get a good night’s sleep but without having to waste energy.
Create an online business that lets you earn money while you sleep!
This last item is not necessarily about saving money, but actually earning money while you sleep. If you have a day job, you should already be earning a pretty decent salary to spend for all your living necessities. But when you build a website that can actually earn money for you even while you sleep, that’s all the better.
There are plenty of options on how you can start an online business that lets you earn money while you sleep. The most popular is creating an affiliate blog or website. All you have to do is setup a blog or website which promotes a specific product. After choosing a product, you can do some keyword research, optimize the blog and start promoting.
Once an online user goes to the affiliate site to buy a product and they stumbled upon it through your site, you can earn a commission out of the sale. There are many other programs that will let you earn a commission, just make sure to study the system thoroughly so that you can maximize your potential earnings.
If you have an idea for an original product, you can also create a website to sell the item for you. Make sure that you have an e-commerce website that will take orders, accept and process payments and inform the customers of when their items will be delivered. Having this sort of business will allow you to earn money even while you sleep, just make sure that you do have a good product or service to sell.
Your other options include arbitrage services, finding sponsors for articles, selling e-books, selling advertising, peer-to-peer lending, or network marketing. To succeed in earning money while you sleep, make sure that you are learning as much as you can about the venture that you have chosen. Whether it’s MLM or multi-level marketing or selling a product, learning about its ins and outs is what will make you successful in the long run.
A Final Word About Saving Money
All in all, saving money is all about being resourceful and creative. Even if you have the extra funds to pay for a huge utility bill, why would you waste the money when there are easy ways for you to save on electricity? Not only are you operating a more cost-efficient household this way, but you can also do your share in helping save the environment.
When following the previously mentioned tips on how to save money while you sleep, it will only take you less than five minutes. But once you consider the savings that you will incur which amounts to around $100 per year, you will see how your effort in saving money is well worth it in the end.