It’s a New Year and everyone has New Year resolutions. And as much as our New Year resolutions vary, they all revolve around money and how to save more. If that’s the case with you, then this article is a “must-read” for you.
Plan for Christmas now
This may sound stupid, but it can actually save you a great deal. From logic, how much do you usually spend on Christmas? If I can help you break the math, a typical family spends around 650 each year for Christmas alone. Actually, that’s the equivalent of a man’s full month’s salary, and using such an amount for Christmas might actually create a huge financial crisis for you, or even send you into huge debt. But if you can create a habit of slicing 50 every month from your salary into your Christmas budget, then you’ll have the full amount you need for Christmas without borrowing when the big day strikes.
Take your money back
If you’ve ever used money anywhere and you didn’t get the service or product you ordered, go ahead and reclaim your money. Furthermore, collect your money back from any firm that sold you the wrong product or offered you poor services. As a matter of fact, you shouldn’t allow such companies to benefit from what they didn’t earn or deserve from you. It’s your money and you have every right to claim it back if the business didn’t go through. And when you sit down to do the math, you’ll realize that there’s a lot of your money being held up out there, waiting to be reclaimed by you. For example, the money in flight delays, PPI, council tax, or lost vouchers. If you find out that your money is being held elsewhere, then go ahead and reclaim the money and use it as part of your New Year resolution.
Take a financial health check test
This test is simple. In fact, all you have to do is to ask yourself a simple question: “Do you earn more than you spend?” If the answer is ‘NO’, then you’ve failed the test and you’re actually in a serious crisis. For one, this will indicate that you’ll be spending the entire amount you’ve earned and end up saving nothing. Two, you might land yourself into huge debts as you try to get the extra money to fill up your expenditure. And the only solution for such a problem is getting a real budget. In other words, get a budget that cuts across all your annual finances, but not a monthly expenditure list that may still miss some vital budgetary information. For a better understanding of this budget, simply allow www.budgetbrain.com to help you out.
Consider getting a new bank
At present, switching your account is way easier than it used to be a few years ago. And if you’re lucky, like a great majority, you can switch your account without breaking a sweat or spending any money. After you’re done, all your outgoing and incoming payments will be conducted through your new account–by the new bank. In addition, some of the banks usually give 3% cash back on pay bills or a free 125 as sign-up bonuses without asking for a fee.
Don’t allow your insurance coverage to be renewed automatically
If your car or home insurance has been on auto-renew, then it’s high time you stopped doing that. That’s because you’re wasting the money that you’re supposed to be saving. So, instead of being stuck with a single insurance company, conduct an online search to find another company that’s way cheaper and enrolls as a new customer. But before you decide to use any company for your insurance coverage, consider checking their policies first.
Be smart when you’re dealing with supermarkets
You should outsmart supermarkets in the games they play. For instance, instead of spending more on expensive brands simply because supermarkets think that they’re premium and of better quality, look beyond the actual product. In simple words, you should try to compare such products with their cheaper alternatives to get the exact difference between them. At times, after doing this, you’ll be surprised to note that some of these products have little or no difference at all since supermarkets use such tricks to sell some products expensively. In this case, cheap is not always low quality until proven.
Shift your store card debts or credit card to a new one
You can save as much as 1,000 by shifting your store card debts or credit card to a new balance transfer card. Basically, a balance transfer card will take an outstanding balance from your card to another credit or store card as you try to repay a debt; hence, saving you money on interest.
Sell whatever you don’t use or need
Another way to make money in this new resolution year is to try and sell whatever you don’t need on eBay. Try to dispose of anything you don’t need at eBay for extra cash. You can sell your old mobile phone, old-fashioned garage, or anything else that may get an interested buyer. Similarly, instead of buying new items from local stores or supermarkets, try settling for second-hand items or recycling some of your old stuff to save money.
Park your vehicle inside your garage
You would be surprised to know how much money you can save on costly car repairs by parking your vehicle inside the garage. Keeping your car or motorcycle outdoors means that you are increasing the risks of them getting damaged by elements of nature, wildlife, or even humans. This can be prevented by constructing a garage, if you do not have one. If you already have one, you can renovate it such that it can accommodate your vehicles. Once you have renovated your garage space, it is time to organize it. Keep in mind that flammable substances, toxic chemicals, spare tires, and utility tools should not be kept scattered on the floor. These can harm your vehicles in ways more than one. Sharp objects, for instance, can damage the tires. So, have them stowed away safely. If space is at a premium then consider getting overhead shelves from the likes of The Smarter Garage installed. That should seek out some much-needed space for organization.
Save on the amount of money you use for energy
With all six major energy suppliers announcing an average increase of about 4% to 10% on their energy, you should try to look for all the possible ways of saving on that amount. Apparently, the difference between the cheapest tariffs and standard ones can add up to 200. So you can imagine how much you can save on energy if you calculate your options right. And since time may not be on your side when the hikes strike, you should try to look for the cheapest option right now and you may be lucky to get 30 cash back.
Another effective way of ensuring that your energy bills are low is to keep a close tab on the health of your HVAC systems. When the heating and cooling devices function inefficiently due to a malfunction of their parts, they usually suck in more energy. These tend to be the usual culprits that push up your utility and power bills. The smart move would be to call in a professional HVAC service provider (check snowsfuel.com for reference) for timely servicing, maintenance, and/or repair work of the unit in question. Left unattended, the only recourse (and an expensive one at that) turns out to be the replacement of the HVAC unit with a newer model.
Picture this: Over the past 30 days, your central air conditioning has been operating for only a few hours each day, yet you receive an unexpectedly high energy bill. Perplexed by this situation, you attempt to identify a reasonable explanation but to no avail. Little did you know that the accumulation of dust and dirt inside your duct can cause blockages and decrease the efficiency of your cooling system. If you had been aware of this, you might have taken prompt action and enlisted the services of professionals from Pure Air, LLC (look up Pure Air Duct Cleaning on the Web for more info about them) and similar firms to clean your ducts. This proactive measure could have saved you from unnecessary expenses on energy bills.
Bargain where necessary
You may want to associate bargaining with marketplaces alone, but to the people who know how to save, it’s still effective even in the high streets of Britain. And if you’re actually good at haggling, you can save as much as 100 in shops like high street stores. Even though most people in Britain still think that haggling is rude and impolite, you can rest assured that it’s not, especially when it can save you money. Don’t be forced to fall for such a mass misconception; instead, try to bargain where necessary and enjoy all the benefits that come with haggling while you still can.