4 Smart Ways To Save Money You Haven’t Considered

Are you looking for new smart ways to save money? There are lots of possibilities to consider here and many of these options will help ensure that you have more money to spend in other areas of your life. 

4 Smart Ways To Save Money You Haven’t Considered - saving money coins image

Lease Rather Than Buy 

You might think that it’s cheaper to buy a car rather than to lease, but we’re not so sure. Honda contract hire offers and similar possibilities are available at rates that make them far more affordable than shelling out thousands for a new vehicle. Another key benefit is that you won’t have to worry about being stuck with a car for years. Instead, you can make sure that you end the lease whenever you want and select a new vehicle. So, essentially, you have more control over the cars that you choose. You also don’t need to worry about the issue of buying a car that will depreciate rapidly in value. 

Use A Financial Planner 

Something that you should think about doing is using a financial planner. These experts will make sure that your finances are always in order so you don’t have to panic about the state of your finances. What these people do is work out a plan that uses how much money you bring into the household as well as how much money goes out. From there, they will create a financial plan on how you can best save money, and spend it without getting yourself into debt. They will also be able to find where you are overspending, and help you come up with a way to avoid this in future. As such, your finances are going to be in much better shape!

Set Up Savings Accounts 

It’s also worth thinking about setting up savings accounts for you and your family. Savings accounts are great because your money works for you and it will give a hands-free approach to growing your funds. This is something that is worth exploring if you are planning on setting up a college fund for your kids. You might also want to consider this option if you’re saving for a house. It can be a great way to add a little extra money onto your deposit savings. 

Go Green 

Finally, you should think about going green at home and in your personal life. There are numerous ways to do this. For instance, you could think about investing in new technology. The benefit of this is that you will be improving your quality of living and save money at the same time. Each time a new piece of tech comes out on the market it always reaches a higher standard in terms of energy saving. So, it’s definitely worth upgrading. Of course, you can also think bigger and decide to add solar panels to your property. While these used to be expensive, they are now affordable for the typical family home and are well worth considering. 

We hope that you have found this article helpful, and now know 4 smart ways to save money that you haven’t considered. Put this advice into practice, and you’re going to find yourself having more money leftover than ever before.

The Benefits Of Buying Second Hand

Purchasing second hand items can have a lot of benefits to you and the environment. People sometimes have reservations about buying things second hand and would prefer to purchase brand new. There are sometimes risks involved, but with a bit of time spent researching, you could end up with a good deal. As buying second hand becomes an option that more and more people choose, let’s look at some of the benefits of purchasing your items second hand:

The Benefits Of Buying Second Hand - rustic handmade second hand sign

You can save money

The price of a product is a big thing that we consider when we are buying something. The value of something that you purchase brand new depreciates quite quickly as more and more newer things are made. This means that you can when you buy second hand, the items you want can be significantly cheaper. Sometimes you can even find better quality items that you wouldn’t have been able to afford new because they cost somebody else a lot more money for the first time around. 

If you are starting a business, you can reduce your start-up costs by finding the items second hand. If you like to buy clothes, but want to save money, purchasing preloved clothes will allow you to still buy clothes, just with a smaller price tag.

It is better for the environment

Climate change is an issue at the forefront of everyone’s mind, and buying items second hand is a great way to do your bit to help the environment. Buying second hand is an excellent way to purchase items that would have otherwise been thrown away and ended up in landfills. 

Buying new items can also be harmful to the environment because of the processes that they have to go through. A lot of energy and materials are used when manufacturing, transporting, and packaging new items. Many of the items and packaging that is produced will end up in landfill as they cannot be recycled. The amount of waste that is produced is astonishing, and there is an unnecessary amount of products produced. Shopping for something second hand, will help to reduce the demand for new items and eventually reduce the production of new things.

You can get quality items

Just because an item is second-hand doesn’t mean that it isn’t excellent quality. In fact, you may end up purchasing something that is better quality than you could have afforded new. That is because once an item is used, it will no longer sell at the same price that it was bought for brand new, it will always be cheaper. If you buy your items from reputable places, like charity shops, you will be able to guarantee that the thing will work because they will usually test and clean them before selling them. There is even the option to buy things from auction houses or online. 

Buying a car second hand from somewhere like Wolverhampton Used Cars will allow you to buy a reliable vehicle that has been checked. To ensure it stays in good condition, you will have to keep up with maintenance and repairs. As long as you are willing to look after an item, instead of throwing it away at the first sign of a problem, you will have something that could last you years.


Getting On Top Of Your Personal Finances

Have you looked at your bank balance recently and been hit with a sense of sheer panic? You are probably not alone, money worries are unfortunately all too common. It often seems that money just flies out just as quickly as it comes in. 

Living hand-to-mouth is no kind of existence, and if you are worried about spiraling debts and the fact that you may not be able to pay the bills at the end of the month, then it is time to give your finances a review and take back control of them. 

Getting On Top Of Your Personal Finances - growing money jar debts image
Image by Nattanan Kanchanaprat from Pixabay

Examine Your Current Expenditure

You may turn a blind eye to the money that goes out of your bank account each month. Sometimes it is easier to ignore it and hope that it sorts itself out. Sadly, this is not something that is likely to happen, and you need to take control of the situation before it consumes you. 

Sit down with your bank statements and work out all of your regular outgoings. List them all and then prioritize them based on the type of outgoing that it is. High priorities will include things like your rent or mortgage payments. Any debts that you owe should also be high on your agenda. 

Lower down the list should be the things that you could do without. So this may include your subscriptions to the gym, or streaming services like Spotify, or Netflix. 

Then you need to work out what you spend each month on food and transport and create a monthly maximum spend for these areas. 

If you find that your outgoings don’t match up with your income you will need to make cutbacks The low priority luxuries should be the first thing to go. 

Switch Your Services

Very often, you may find that you are paying out too much for some of the services that you have. Things like car insurances can creep up every year, so it is important to shop around for a new quote and change your provider.

Similarly, your utility providers will also tend to up their prices without you really noticing. When it comes to your gas, electric, phone, and broadband bills, you may be able to save yourself some money by shopping around and switching to new providers. You should realistically aim to do this every year to keep on top of the best deals. 

Consolidate All Of Your Debts

If you have multiple debts across a number of different companies, you will be paying out several lots of interest. Having several credit cards and loans can mean that you are constantly juggling your debt and you may not really be reducing the overall size of it. 

You should aim to consolidate all of your debt into one single loan, with an affordable monthly repayment. Work out the shortest length of time that you can affordably pay off all of your debt in, and then make sure that you cancel your credit cards once the balance is cleared by the loan. 


Tricking The World Into Thinking You’re Rich

Money has long held a lot of power in society. A person’s reputation and image can revolve around the number in their bank account, and it’s much easier to get things done if you have this resource behind you. Of course, though, unfortunately, most people feel as though money is working against them, rather than on their behalf, in the modern world. To help you to find ways to overcome this, this post will be exploring some of the easiest tricks to make it look like you’re rich. While this is mostly for fun, it can show you some good ways to save money.

Tricking The World Into Thinking You’re Rich - classic cars image
Photo by Matt Lamers on Unsplash

Shopping Second Hand

Second hand markets have always been popular amongst budget buyers, as they offer the chance to get your hands on items far better than you’d have been able to afford if they were new. This works for a huge range of items, from clothing to cars, with companies like The Good Van Company being a great example of a business in this field which focuses on providing luxury products at reasonable prices. It’s worth being careful if you decide to go down this route, as not all companies are as honest as others when it comes to giving you the history of the items you’re interested in.

Gather The Right Deals

Going out for a meal can be an extremely expensive affair, with a lot of people unable to afford this sort of luxury in normal life. You rarely have to pay full-price when you do this, though; as long as you’re willing to do some hunting. Swagbucks is a global deal site that offers savings and promo codes. Save with an online RedBubble coupon for coupons to thousands of merchants including Ted Baker, Gap, Clarks, and eBay. Restaurants across the world offer discount codes and coupons to their customers also. To find these, you may have to do a little bit of research around the web, using deal-tracking websites to get an idea of what you have available. You can often get deal packages when you buy products like insurance, making it worth exploring the different options you have on offer.

Get Competitive

Those who are willing to fight for what they want are always more likely to live a more comfortable life. In the case of luxury items, taking on a little bit of competition can be a great way to save some money, but you’ll have to be quick if you’re going to be found successful. Time-limited products like vacations often go unsold. To ensure that the companies offering them down lose out entirely, some will put these packages online for a fraction of their original cost. A lot of people will be on the lookout for deals like this, making it hard to get your hands on them, unless you’re willing to do some work.

With all of this in mind, you should be feeling ready to take on the challenge of tricking the world into thinking you’re rich. Not a lot of people go down this route, instead spending the limit of what they think they can afford. There are good deals around every corner, though, and finding them only takes a little bit of perseverance.