These days, everyone is looking for easy ways to find those few extra pennies at the end of the month. Usually it’s the regular monthly expenses that are the killer, but there are ways for you to shave down your expenditure without it meaning major sacrifices. Here are my top three…
- Lease your next car
If you’re looking at purchasing a new car, chances are you’ll be looking at finance deals, but leasing could be a much better financial decision. Firstly, there’s little to no down-payment, so that money you’ve been putting aside each month instantly turns into disposable income towards vacations, kids school supplies and so on. Secondly, if your heart is set on a new car, finance deals are always set at the current value of the vehicle, and your monthly payments will remain the same despite the depreciation on the car. With leasing, if you want a new car and choose to keep it indefinitely, the monthly payments will reduce over time to reflect the cars re-calculated value. Just make sure when you go to sign on the dotted line that you do so with a credible company like Vantage Leasing.
- Go green in the home
A lot of people consider eco-friendly ways of living to be too stressful and difficult to install, but this is far from the case. On the one hand, you could opt for the costlier (initially) ways of doing this – installing solar panels and having your boiler changed to an energy-efficient version may mean a cost in the beginning, but over time it will slash your household bills. On the other hand, there are lots of little changes you can make to your home instead; swap your light bulbs to LEDs, air seal your home to lock in heat, put foil behind your radiators to deflect heat back into the room during the winter, and be sure to switch off appliances and technology rather than leaving them on charge or standby. All these habits will be wasting hundreds per year – you can find more handy tips like these right here.
- Don’t spend thousands on fun
Aside from bills and essentials, another big monthly expense is entertainment. Everyone likes to let their hair down – after all, there’s no sense in never enjoying all your hard-earned wages. However, there are plenty of ways that you can cut down on the amount you spend so that you can give your savings pot a boost. Start by cancelling those expensive gym and club memberships that you never use – if you’re feeling energetic, download a running app that will come up with a local route for you. Whenever you want to go out for a meal or visit a new attraction for the day, look online for voucher deals and restaurants offers for certain days of the week. You’d be surprised how much you’ll have left at the end of the month.
If you have any more saving tips, be sure to leave them below…