Tip 1 – If you currently have any debt on your credit cards then it is important that you clear this as soon as possible. Although credit cards are a convenient way for you to purchase those items that you want if you can’t pay off the balance on your card each month the debt will soon mount up. If you do find yourself in such a situation consider taking out a small low cost loan to pay off the balance on your cards and doing this could save you £100s each year.
Tip 2 – When it comes to buying yourself something essential like a second car or some furniture for your home why not consider using the local classifieds in the newspapers where you live or if they have their online. Generally you may find yourself saving yourself a considerable sum on the same items if you were to visit your local car dealer or furniture store.
Tip3 – As we all know the cost of the utilities for our homes has increased substantially over the last year or so. However, if you spend a little time online you may be able to find yourself a new supplier who offers the same as your current one at a much more competitive rate. Often doing the research online you may find that you are able to change over to the new supplier quickly and easily as well and they will then take care of the rest of the formalities.
Tip 4 – When you go shopping for the weekly or monthly food don’t go when you are hungry and take a prepared list with you. This way you are actually going to prevent yourself from picking up those items which are not essential and which you like the look of. Certainly you will not only be looking after yourself but also your wallet as well.
Tip 5 – Although you may not realize it but there are plenty of things you have at home which you don’t need or don’t use and which could be making you money. So spend some time going through your cupboards at home and see what you have got and what you don’t need. Then either put them up for sale on an auction site like eBay or in your newspapers local classifieds.
Tip 6 – When you need to get new insurance for your home, car or travel then don’t go with your current insurer but shop around instead. The quickest and easiest way for comparing the prices quoted for different kinds of insurance including that of life insurance is by going online. You may well find that you are able to save yourself quite a tidy sum.
Tip 7 – When it comes to your holiday arrangements try and book yours as early as possible as this can save you quite a considerable sum each year. Also rather than booking through a travel agency instead try and make all the arrangements yourself. There are hundreds of websites that can help you to book all your travel arrangements at one time and still help you to make considerable savings on each part.
Tip 8 – If you can rather than arranging for a professional to come in and fix a minor problem in your home try and tackle the situation yourself first. There are plenty of colleges close to where you live who offer short courses in dealing with minor emergencies in the home so why not sign up for one of these.
Tip 9 – Although it may seem difficult try and put a little money aside each month to cover any emergencies that arise or to help pay off your mortgage a little more quickly. So rather than going out drinking every weekend with your mates spend it at home and use that money towards other essentials you need including paying off your credit card.
Tip 10 – It is important that you learn to say no once in a while. Although that new bag may look great or that weekend away looks tempting if you can’t afford to pay cash for it then don’t buy it.
Above we have offered 10 tips for saving your money, as long as you keep these in mind then you shouldn’t find yourself in a situation where debt has taken over your life.