IMG_1275No matter how hard we try to be sensible with our cash, we can occasionally find that we’re short of money. So how can we keep our costs as low as possible, without compromising the health of our animals, and without breaking the law?

If you have a small holding, you’ll know that it can be quite expensive to run. Animal feed, vet bills, electric fencing and other costs can soon mount up. Plus, if you sell food and other products from your small holding, you’ll have business expenses too. Costs for business related products can mount up, business waste collection, advertising and other vital tools that help you to run your business can become more expensive than you ever thought. The good news is that you can keep your costs low when money is tight, you just need to know how to go about it.

Here are some hints and tips that can help you to keep your costs low:

  1. Work out how much you are currently spending, so you can understand exactly where all of your money goes. Be very specific about this, and work out every single cost that affects your small holding.
  2. Once you know where your money is going, you can then start to make changes. Cut out those unnecessary expenses that you can easily do without.
  3. Take a look at how much you’re paying for every item: Chicken feed, medicine, fencing etc. work out how much money you can save if you buy a slightly cheaper brand of feed for example.
  4. If one of your animals is too expensive to keep, it may be worth your while selling them. Alternatively if it’s applicable, you may want to consider slaughtering the animal and selling the meat (Please adhere to all laws and regulations when undertaking this).
  5. A great way to save cash is to literally start saving money. Put a certain amount of cash to one side each month, and don’t spend it unless you really have to.

We can all think of ways to reduce costs, from those clothes we like to buy, to those more expensive brands of food. But knowing where to reduce costs and how to reduce them in the first place, means that you can still keep your small holding running well, but it doesn’t have to cost you the earth.