This is a paid for post but it is helpful advice anyway so you can save more money.
It’s not always easy to save money. Even if you think of yourself as a frugal person, when you finish paying all of your bills each month, repaying the debt on your personal loans, and buying the items that your family needs, you’re not going to be left with a lot of cash to play with. I love checking out money bloggers like Emma for great tips. In today’s economy, it’s easy to get downhearted and tell yourself that there’s just no way that you can start saving until you get a better job or cheaper bills.
However, the truth is that any family can start saving more money with the right attitude, and the right strategy. Today, we’re going to look at just some of the helpful ways that families can get to work on saving cash for the future. Check out more frugal tips here.
Have the Right Attitude
First of all, it’s important to take the right attitude to saving cash. A lot of families assume that it only makes sense to save money if they can save a significant amount each month. However, every penny can quickly add up if you pay attention to it. Something as small as putting the extra change you have leftover from your lunch each day towards your savings can make a big difference in the future.
Think about how you can start putting saving into your routine without having to think about. You could even download an app that allows you to invest the leftover change from your purchases into micro funds. That way, you’re saving cash for the long-term.
Use The Help Available
Help is out there for people who struggle with money in the UK. All you need to do is be willing to look for it. There are things like council tax credits and free childcare solutions available in your local area. You might also be able to get money off certain services and programs if you know when to talk to the right people.
If you haven’t tried already, go and make an appointment with the local branch of the citizen’s advice bureau in your area. In exchange for some basic information from you, these professionals will be able to tell you what kind of support you’re eligible for and how you can access it.
Look for a Better Deal
A better deal is always out there. Whether you’re trying to save money on your broadband, your phone bills, or your new TV, all you need to do is be patient. Rather than accepting the first price you see as the best, take the time to shop around and search for deals from other companies online. You can even download plugins straight to your browser that automatically add coupons and voucher codes to your purchase to see if you’re getting the right price.
Sometimes, if an online offer isn’t available, all you need to do is call the company that you want to buy from and ask them if they can give you a better offer. You’d be surprised how much people will bend over backwards to keep your business.
Make Saving a Game
The next time you go shopping with your family, think about asking your kids to help you out with your saving strategy. For instance, you could give your children a list of items that they need to find in the store, complete with a price that you want to pay for that item. The child that brings you the items with the lowest prices (lower than what you asked for hopefully), can use the leftover change on a treat.
This might not give you a lot of extra money to put into your savings, but it helps your entire family get used to the process of frugal buying, and it could teach your children some valuable skills and lessons to use in the future. Could you save money on your motoring too? Saving money doesn’t have to be limited to the house!
Manage your Credit
You might not be able to avoid getting a loan throughout your entire life, but you can at least keep the cost of that loan as low as possible. Sites such as MoneyWorld.co.uk can help with this. Most people today will need to borrow money at some point, but it’s your credit rating that will determine whether your loan is going to haunt you for the next several months or not.
Before you go about getting an important personal loan, ask yourself if there’s anything you can do to improve your credit rating first. This could mean putting your name on the electoral roll or even just arguing against mistakes on your credit report.
Are you and your partner both honest about money? If you are looking for ways to save money as a family this is a great article to help. It also is always worth checking you have not been overcharged for anything like council tax as the amount you can get back can be huge!
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