Money is a big problem for many people all over the world. No matter how hard or how many hours they work, there is simply not enough money to go around. I know people who work multiple jobs, just to get the bills paid each month, that’s 2 – 4 jobs, just to get the bills paid, no treats, no days out, and no holidays. It can be very difficult, but, there are a few things that you can do to help you save more of your hard earned money, meaning that you might not have to work so many hours in the long run. The more of your money you can save, the less money you need to earn to get your bills paid.
With that being said, here are 5 tips which have helped me to save money:
1/ Use Coupons and Vouchers
With the internet being what it is today, there is always a way to save money on any big purchase that you need to make. Whether that’s by using vouchers, or shopping comparison sites, 9 times out of 10 you will be able to find something online that will offer you a discount on anything you’re looking to buy. Even on your regular supermarket shopping, lots of supermarkets offer deals every now and again for their services – for example, my local supermarket recently offered a 25% discount on any order over $50 when using their collection service (you order online and then collect it from the store), that’s a great saving! Sign up to receive newsletters from all of the regular places you shop at, and then you’ll receive any offers and promotions straight to your inbox.
2/ Sell Your Car
This is a big one, but if you’re struggling to pay your monthly bills, then your car is something which could free up some extra cash. Cars come with an abundance of expenses; you have to buy fuel, car insurance, MOT tests, servicing, plus the expense of getting repairs done when they’re needed. All of this can equate to hundreds of dollars per month. By selling your car, you can rid yourself of those monthly payments, and also free up some of the cash which is tied up in your car. Obviously this isn’t going to be appropriate for everyone, but if you’re like me and you work locally, you don’t have children, and you don’t really need a car, then selling it is not a bad move. You can cycle to work (great for the health), or buy a monthly travel pass for the bus (it will still work out cheaper than running your car).
3/ Consolidate your Debts
If you have a lot of creditors, then it might be worth consolidating your debt so that all your debt is in one place, with one creditor. By doing this, you can often end up paying much less each month than you would be if you continued paying all of your creditors individually. There are lots of companies out there that can help you with this. Find one and give them a call, they’re more than happy to help and will gladly give you up-to-date advice on your situation.
4/ Get rid of your Landline Phone
Most people have a mobile phone, and if you’re anything like I am, the only people who call your landline number are people trying to sell you things. So, why not get rid of your landline number and just keep a mobile? You can get great SIM-only contract phone deals where you can pay as little as $10 per month and get up to 600 minutes of inclusive calls. That’s more than most people need, and cheaper than the monthly line rental on a landline phone. If you don’t use your phone very often at all, then you could go for the Pay-As-You-Go mobile phone option so you’re not adding an extra contract to your commitments.
5/ Stop Playing the Lottery
It would be great to win millions, and most weeks, someone does. But the odds of winning are incredibly low. You have a greater chance of finding a needle in a haystack, than you do of winning the lottery. So, if you’re a weekly player, consider giving it up. You could save yourself around $100 a year, just by giving up the lottery.