Five Simple Steps to Significant Savings
We all know that we should be putting aside an amount of money each month and saving towards our futures - right?
Well, if you’re anything like I used to be you get to the end of the month and the cupboard - or the bank account in this case - is bareif you’re lucky you just have enough to meet your monthly bills but you certainly don’t have anything left to play with.
Well - what if I told you that there were five very simple steps that you - yes you - could take to cut your monthly outgoings, increase your monthly income and thus free up money and create an amount each month that could be squirreled away for a rainy day?
Step One - Trim Everyday Expenses
We all have a mountain of essential payments that we must make every month; these include all our utility bills, our car, telephone, internet and even cable TV bills.
Although we’re all aware of these amounts draining our bank account every month, few of us give a second thought to whether we’re paying too much when often we actually are!
So, here are just a few things you could easily do to wipe off significant amounts from those bills - amounts which will, over time, compound to create a nice tidy little sum thank you!
Oh, and if you think about every bill you have I’m sure you’ll come up with many creative ways to reduce all of them.
Your Utility bills - have you considered switching your suppliers? Some suppliers in your area will be cheaper than others and all should give you a free quotation of how much you could be saving based on your previous month’s usage. You may get a further discount if you pay each month by direct debit.
Be aware of the amount of energy you use - switch to energy saver light bulbs, don’t put half a load of washing in the machine, wash-up small amounts instead of using your dishwasher every time and slowly but surely you’ll notice a significant reduction in your overall bills.
Your Car - shop around for cheaper car insurance, combine chores into one journey so that you drop the kids off on your way to work and do your shopping on the way home. The more ‘extra’ journeys you can cut back on the lower your fuel bill, the less often you’ll have to have your car serviced and the lower the mileage on the car when you come to sell it.
Step Two - Cut Interest Payments
According to industry statistics, the average home owner in the UK could reduce their annual mortgage payments by up to
Tags: bill, credit card, income, insurance, interest, invest, investing, mortgage, payment, save, savingFiled under: www.aiachiangmai.com 0102 | No Comments »