4 Simple Ways To Save £1000
The old saying “a penny saved is a penny earned” has more truth to it than we might like to admit in our convenience oriented society. However, if you look at how much extra you have to earn to gain the same advantage as simply cutting spending, you will probably acknowledge the idea has some merit.
Life is so busy and there is such a lot of competition for our money that it is easy to have a financial leak and not even be aware of where it is. It is important to take charge of our finances and stop living by accident. If it is possible to save money on regular, necessary expenses then we owe it to ourselves to do so. Chances are, we are spending far too much on far too many things and we have been too busy to notice.
So here are four tips on how to easily save money today:
1. Take advantage of current offers for free line rental on mobile phones. This can be a significant saving and the money can be better used elsewhere. Often these deals also include a free, top brand mobile phone. Most people have a mobile phone these days and increasingly, parents are feeling that it is necessary for safety that their children also have mobile phones. The market is competitive and companies want your business, so there is really no need to be paying line rental with many of the current deals available.
2. Take a packed lunch. It is easy to spend a few pounds every day just on buying lunch. This can add up to a significant amount of money over a year. If family members consistently ate a packed lunch instead of buying it, everyone could benefit by the annual savings. Why not make it a family challenge and look at working towards something worthwhile?
3. Buy clothes at the end of season sales and put them aside till they can be worn again. This works especially well for saving money on children’s clothes. You can save fifty percent or more on excellent brands at end of season sales. Given how expensive clothes are these days, it is well worth planning to save money this way. Have a clothing budget and save a weekly amount so that when the sales are on you have the cash to take advantage of them. You can save hundreds of pounds a year by using this one strategy.
4. Don’t use high energy electrical appliances. It is amazing what a difference it makes to your energy costs when you stop using the dish washer or the clothes dryer. I know that for many people these days, these items are too much of a convenience to forego. However, are you aware that if you use them daily, they can easily amount to 30% of your energy bill? Why not test your own appliances. How much was your last electricity bill? Now, stop using or severely cut back the use of your dishwasher and dryer. When the next bill comes in, compare electricity usage. You might be surprised at how much you have saved.
If you follow these four, money saving tips, you might save hundreds of pounds in a year, but you’ll probably save over a thousand pounds if you have children. When tax is taken into account, how much would you have to earn to end up with an extra thousand pounds? Saving money by making sensible spending decisions doesn’t have to be stressful, it just has to be smart.
