How to live well on a tight budget

If you like many of us are trying to live on a tight budget these years, here’s a few helpful tips for you to get started. Community and good ideas are always welcome in transition phases – and financial chances are no different!

After the crisis a lot of us need to cut costs, to be able to catch new opportunities.

skipping a car

Consider getting rid of the extra car. More often than not it’s possible to borrow the van of your neighbor whenever you need the big car. It really helps on the budget when you can cut a car or maybe two. Maybe you can find work closer to your house that you can actually get to without a car, just try to calculate how much less you have to work if you skip a car in the household.

Downsize your space

Another frugal tip can be to downsize to a smaller apartment. You will be amazed to find out how quickly you can adapt to a smaller apartment. It’s actually cozy and nice, when you get rid of some stuff and move into a smaller space.

The next two tips concern your space, and will help you live well in a smaller space.

Skipping a bedroom

Many of us still have that extra bedroom for whenever Aunt Annie comes by. But there is a good solution to that when you read the next tip.

Murphy-bed-kit-design-options

Murphy-bed-kit-design-options

Instead of having that extra bedroom ready at all time, you can choose to install a Murphy bed in the living room of your apartment. That’s solution really gives you an unique opportunity to downsize your space to one less bedroom.

You know longer have to keep an extra room just in case somebody drops by, now that you can transform your living room into an extra bedroom, in just a few seconds.

Install shelves everywhere

Another good idea is to keep storage above ground. For example inside the toilet you don’t have to store stuff on the ground and around the sink. You can easily install shelves above the door and you can also choose to hang your towels on the inside of the door. This will leave you some extra space around the sink and on the floor so you don’t feel like the place is too stuffed and crammed.

ENTRANCE-SHELVES

(Picture from GoDownsize.com)

I hope you could use these small tips. Feel free to leave a comment below, if you have any additional tips to share with us all. Thank you for stepping by and reading all the way to the bottom of this post have an awesome day.

Office furniture companies merging during global crisis

The industry for office furniture is rapidly moving online at the moment. More and more designer furniture icons are now available online, and expensive products you wouldn’t think about buying online a decade ago are now shipped everyday.

This is only a natural thing, as white goods has moved online, paving the way for heavy goods to be shipped and logistics being setup to handle items like sofas, office chairs and other furniture.

10 years ago few would believe, that you could actually sell products like these online, because you need to feel and touch first, but convenience has been a growing factor in the e-commerce industry, and it seems like everything is moving online at the moment.

Scandinavian office furniture companies merging

One of the big players in the Scandinavian market for office furniture: Holmris, has recently merged with a handful of other Scandinavian furniture design companies like Flexform, Wigandt and Schultz, Danfurn, JPH Concept and Reidarsborg.

furniture-from-Holmris

The new company is called Holmris Flexform, and together the companies stand strong in the European market for designer furniture, and especially within the professional segment of office furniture.

The first merge didn’t include Flexform, but now a half year later Flexform also joined the party. At the same time they have established an online webshop department, and is now shipping furniture online as well as offline.

Not an unique case

A lot of companies choose to merge together during financial crisis,  and if we look at another industry: the bank industry, this has most certainly been the case. Many small banks have been part of bigger banks, and for obvious reasons. First and foremost because the population in general trust the bigger banks more, and being a small bank during a crisis can be tough.

merging-industries

Several smaller banks has closed, and by merging (or get acquired) by bigger banks, smaller players can regain trust and secure a future in an even more competitive landscape.

According to this article, another reason for the increasing number of mergers is also due to increasing cost for smaller banks. Regulations and paperwork is already a big issue for small banks, as they have to keep up and meet new standards and reporting routines in these times, and that can be both time consuming and costly.

So in order to save cost and survive smaller banks have to get together to be able to compete in tomorrows post-crisis financial sector.

 

 

 

 

Launching new product during the crisis

Most companies draw back a little and rethink their strategies, fire who they can and take a rather defensive approach to the financial crisis, but not everyone.

Some companies choose to expand during the crisis, and in true “Opportunistic spirit” chooses to: See new opportunities!

Good examples

WeddingWire is one such company. They started out during the crisis, and have managed to raise more than 30 mil usd in VC capital – really amazing. They gather several information and stuff regarding wedding planning in one place, and like many others they started this company because the saw the need themselves.

The founder got married in 2007, and found that this was a hassle due to all the different places you needed to go to plan your big day. Now with WeddingWire he is trying to change that, and make it all more accessible – everything from the wedding photos and photographer, the locations, the flowers -all beautifully put together for you in one place, to enable you to get an overview and release some stress from this awesome day in your life.

A new take on Photo on canvas

Another good example is the Danish company Garant, who chose to launch a new product for it’s retail customers. Garant is market leader in flooring and carpets in Denmark, and they too felt the crisis, as more and more customers chose to postpone these matters.

Garant just recently launched an interior design product rather well-known here in the U.S, but with a twist. It is Photo On Canvas, and they will let you do a lot of creative things to your canvas – and be able to see it online before ordering anything! A rather cool feature.

With this software you can order huge wall murals, and sit comfortably in your sofa and decorate your walls. See for yourself.

photo on canvas

photo on canvas – with the solution from Garant.nu

The image above shows what you can do with your photo. This example splits the image into 6 canvas prints each 35×35” – giving a total size of 9 x 6 Feet!
>> Check the website here for more examples.

Imagine what you can do within a couple years, when even smartphones are starting to have 9 Megapixels inside – within a short time you can use your iphone to make photo on canvas like this amazing art from Manhattan.

Find more companies that started during the crisis

Find more companies who stood against the crisis by starting new initiatives over at Forbes.com.