You can experience that sense of accomplishment on a daily basis if you implement a few personal finance life-hacks that will ultimately make saving and getting extra value habitual. In the world of personal finances, a little goes a long way. Who knows what all the little savings could add up to? An extended holiday maybe, a car upgrade, or whichever area of your life could do with some extra money?
I know you’ve definitely heard the phrase before and you’re probably all too familiar with the concept, but this time I mean really shopping around. With internet connectivity spreading even further throughout the world alongside the growth of dedicated international shipping companies, it can often work out even cheaper to have something delivered to your door than to fill up on fuel and go looking for it in a physical store. Shopping around in this way doesn’t have to be limited to physical goods. It can entail comparing prices with the click of your mouse button and you can also shop around for services.
Shopping around for services, especially those services which can be rendered or delivered remotely, is perhaps the ultimate example of making use of economic microcosms to save more money. Let’s take legal services for example. If you live in London, who said you have to get a lawyer or attorney based in London to help you with a minor legal issue? The same goes for accounting services. Why do you have to get local accountants if you can get not-so-local accountants cheaper elsewhere?
Birmingham accountants, for example, aren’t limited to only servicing locals and they’d in fact probably love to offer their services to clients from all over the world, if it was at all possible. So if you’re maybe based in Manchester, it may be much, much cheaper to source the services of a team of accountants based in Birmingham. It’s all about getting the best service at the lowest price. Looking beyond the imaginary borders erected around your home town could have you in for some major savings. In the specific case of the Manchester-Birmingham example, the thinking behind it is guided by the implication that accountants in a smaller town like Birmingham would probably offer cheaper services than say accountants located in a much bigger financial hub like Manchester.
Integrate this economic microcosm thinking into your daily life and you’ll be amazed at how much money you’ve missed out on the opportunity of making better use of and saving, all this time!