Tips for Saving Money During a Time of High Inflation in Korea

Are you worried about the recent sharp rise in prices and electricity bills in Korea? It's time to prepare for a prolonged period of ...

Are you worried about the recent sharp rise in prices and electricity bills in Korea? It's time to prepare for a prolonged period of high inflation. In this era of high prices, we would like to introduce some tips for saving money as well as the benefits of Gyeonggi Local Currency, which offers various advantages.

1. Refrigerator Electricity Bill Savings

Did you know that you can reduce your electricity consumption by 5% just by raising the temperature of your refrigerator by one degree? For the best results, keep your refrigerator temperature between 0 to 5 degrees Celsius and your freezer at -18 degrees Celsius or lower.

Also, if you keep your refrigerator at 60% capacity or less, it will consume less electricity. Conversely, your freezer should be filled to capacity to maintain the cold and save energy.

2. Washing Machine

How can you save on your washing machine usage? Have you ever deliberately washed a small load of laundry to ensure proper washing? However, your washing machine's performance is not significantly affected until it reaches 80% capacity. Therefore, it is more energy efficient to collect a full load of laundry and then run the machine just once.

3. Using Power Strips

Lastly, let's talk about power strip usage. You may be wondering if unplugging electronic devices when they’re not in use is really helpful for reducing electricity bills. However, even when not in use, electronic devices still consume standby power. Therefore, using a power strip can help reduce wasted standby power.

4. Way of Smart Consumption. Gyeonggi Local Currency
For those residing in Gyeonggi Province, I would like to introduce the smart consumer technique of using Gyeonggi Local Currency during this time of high prices.

What is Gyeonggi Local Currency? Gyeonggi Local Currency is an alternative payment method supported by the 31 cities and counties of Gyeonggi Province for the purpose of increasing the actual sales of traditional markets and small businesses, thereby promoting the local economy. Gyeonggi Local Currency can be used in three forms: card, mobile, and paper, depending on the policy of each city and county.

By using Gyeonggi Local Currency, you can receive additional incentives and/or discounts of up to 6-10%, as well as cash receipts and a 30% income tax deduction! Gyeonggi Local Currency can be used at various places such as gas stations, traditional markets, health clubs, hospitals, convenience stores, and academies.

To use Gyeonggi Local Currency, it is convenient to have a Gyeonggi Local Currency card in your own name. If you are a foreigner and do not know how to apply, please refer to the posted video to avoid any difficulties when applying.

How to Apply for a Gyeonggi Local Currency Card: https://www.youtube.com/watch?v=QTyfONMvPtE

Please refer to the content from the 0:35 mark to the 2:07 mark in the video for instructions.

※ However, department stores, large supermarkets, corporate-owned supermarkets, franchise stores, and entertainment establishments are restricted from accepting Gyeonggi Local Currency.

Practice smart consumer habits and strive for sustainable savings in your daily life through the reduction of unnecessary consumption!