Saving money isn’t difficult when you consider all the things that you spend money on. Figuring out what you can cut down on, cut out and negotiate can make the world of difference when it comes to reducing your outgoings.
This is the only real way to see how much you’re spending and what you can reduce spending on. The worst bit of a budget is sticking to it, but the best bit is having resolve, sticking to it and then seeing the savings that you’re making. If you write down everything you spend your money on, you’ll see where you’re spending too much or what you don’t need any more.
Cutting Down Your Bills
From downgrading your mobile phone plan to switching off your lights when they’re not in use, cutting down your bills can be relatively easy. Reconsider all of your providers, from internet to gas and everything in between. Get quotes from competitors. If you find something cheaper, tell your current provider when you call to cancel and you may be able to negotiate something even cheaper.
Don’t be Tempted by Your Credit Card
Being vigilant with your credit card. Pay it all off at the end of each month and you’ll begin to build a good credit rating, which will mean good things if you’re ever in need of a loan. They can be dangerous if you let yourself spend more than you actually have, as the interest rates on them can be killer.
Make a List
Buying only the things that you need, as well as shopping at the cheapest supermarket, will mean that you can cut down on the money you spend on food. Stick to the list and you won’t spend your money on things that you don’t need and don’t particularly want either. Shopping online can help enormously with this, as you’re not wandering around trying to find the tinned tomatoes and picking up chocolate biscuits because they were on offer.
Shop Around for Your Insurance
Just like with your household bills, finding the cheapest insurance deal could save you a great deal. Don’t compromise on what you need cover for, but getting quotes from multiple providers such as www.towergateinsurance.co.uk, will mean that you’re bound to find a cheaper deal. Using comparison sites can help you compare many providers at once, but remember to check those that aren’t on there as they can often be even cheaper. Paying upfront for your insurance (as well as many other services) can save you money in the long run, as providers often add interest on to monthly payments.
Increase Your Income
While this sounds easier said than done, there are ways to increase your income without a lot of effort on your part. For instance, you could de-clutter your home and sell anything worth anything on eBay. If you can work freelance, then there are many sites on the web where you can earn extra on the side. Perhaps you have a hobby that you could turn into a business, or a talent you could teach.