Saturday, 13 April 2019

Easy Ways to Save Money on Monthly Expenses


If you want to save money on monthly maintenance, then you have nothing to worry about. There are plenty of ways for you to cut back so that you can put yourself in a much stronger financial position.

Public Transport and own vehicle
If you have access to any kind of public transportation then you can save a good amount of money on things like gas, parking and even maintenance too. Every time you choose to leave your car behind, you will be saving and this can have a huge impact on your financial health.

If you don’t use your vehicle ever, then you might even want to consider selling it. If your vehicle is a money pit consider selling it and getting a new car that is cheaper to run and maintain. This could save you money on insurance and you may even find that you can opt for a more energy efficient model too. If you are interested in buying a new car then why not look into this website: https://www.car-hunters.co.uk/locations/steeple

Carpool
If you have a chance to share a ride to work with someone else then this can really boost your savings. It will also give you the chance to get to work much easier as well because your ride is always there waiting for you in the morning. If carpooling isn’t for you then it is possible for you to save money with your own car by inflating your tyres. This will improve your gas mileage by a significant amount and it will also make it much easier for you to cut down on the total cost of running your car.


Refinance your Home
If you think that you are going to be able to refinance your home then it may be worth you looking into this. Contact a few lending institutions and also think about freeing up some cash flow. You may even qualify for a much better vehicle by refinancing your car too, so it is always a good idea for you to look into this.

Balance Transfers
Having a lot of debt with a  high interest rate is never good for your bank balance. If you want to get around this then it helps to look into a balance transfer. The best ones offer interest-free perks for over a year, not to mention that some of them even come with their own rewards program. When you do sign up with one, you need to transfer your old debt over. This way you don’t have to worry about how you are going to pay your interest and it also stops you from loading up your new card with a ton of expenses.

Credit Card Reductions
If you have a large balance on your credit card then it helps to call up your credit card company. When you do this, you can then ask them to reduce your rate for you. This way, you can encourage yourself to stop spending money and you might also save money too. If you can, you should also set up an automatic payment as this will stop you from incurring charges every single month if you don’t happen to pay your debt, so do keep that in mind.

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