When attempting to save money, it’s easy to assume that only the major changes are worth your time and effort. In reality, the seemingly small improvements often bring the biggest impact.
Here are 10 examples that you can incorporate to improve your financial situation at home and in your daily life.
1| Upgrade Your Home Lighting
Going green is an ideal way to aid the planet as well as your pocket. While some jobs require a big investment of time and money, others are far simpler. Switching to LED lighting is one of the easiest tasks out there, and will reduce your energy bills. Perfect.
2| Change Credit Card
Credit card interest rates can quickly eat away at your finances. However, many accounts offer an interest-free period. Use this to your advantage and you’ll be able to clear off a greater chunk of debt without interest rates. For the best results, find one with no transfer fee.
3| Replace Rather Than Repair
Things break and become faulty in life. While the natural reaction is to replace them, repair jobs are often quicker as well as cheaper. Online appliance spares allow you to restore products to their best. With online tutorials readily available, completing the tasks is fairly simple too.
4| Car Pool
Savings don’t only occur at home. Sharing car rides can reduce petrol costs and cut down on your carbon footprint. This can be done for the commute to work, the school run, or various other regular tasks throughout the week.
5| Sell Unwanted Goods
Most people are guilty of needlessly hoarding products that they no longer use. Whether it’s selling gold, electronics, or clothes that no longer fit doesn’t matter. It generates extra income that can be used to cover future purchases.
6| Stop Excessive Habits
If you’re a smoker, saving money should be one of the greatest incentives for quitting. This single change can bring a four-figure saving over the course of a year. The benefits to your health and appearance are pretty spectacular too.
7| Use A Budgeting App
It’s a lot easier to stop overspending when you have an App to provide clear insight into how much money you have left to spare. The added sense of financial organisation can transform your approach to spending.
8| Buy Used
You don’t always have to buy things new. In fact, there are many situations in which opting for used items are better. This can include clothing accessories, books and electronics, furniture and more. Learn a few upcycling tricks in the process for maximum success.
9| Stop The Need For Ownership
We’re encouraged to embrace the idea that we need to own things. In reality, you can look at car leasing options, wedding outfit rentals, and other hire agreements. While it’s not always the best approach, using rentals in the right moments will work wonders.
10| Use Price Comparisons
There’s nothing wrong with spending money, but you need to do it wisely. Price comparison sites and discount finders will help you save money without any additional effort. Even if you save a few hundred dollars per year, the impact on your life can be huge.