Simple Saving Strategies without Lifestyle Sacrifices

Whether you’re financially fit or struggling to make ends meets, there’s no reason to leave money on the table, overspending on products and services. Fortunately, with a little discipline and creativity, you don’t have to – there are plenty of ways to cut costs, when you put your mind to it.

The World Wide Web is full of tips and suggestions you can use to trim spending, without making big lifestyle sacrifices. For fast results, try adopting one or more of these straightforward strategies to start saving cash.

Switch to Streaming

Members of most households have grown accustomed to TV service, choosing to pay monthly for myriad channels of programming. The problem is, many of the channels are underutilised, going unwatched, despite the high cost of subscribing. If you’re paying too much for TV you don’t regularly watch, you may be able to save money by changing your habits.

Streaming services provide an economical alternative to TV, without necessarily missing out on the programming you enjoy. On the other hand, if you’re truly tired of TV and do want to change your lifestyle, consider giving up the telly altogether and devoting yourself to a productive pastime.

Change Your Insurance for Savings

Insurance is a necessary expense. Even if you never, or seldom, make claims; you can’t do without proper cover. If nothing else, your payments buy peace of mind, and if you do run into trouble, whether on the roadway or at your house, car insurance and home cover can protect you from catastrophic financial consequences.

Although car insurance is an expensive proposition, there is some good news for UK motorists; prices have gone down recently, adding further incentive to check your rates for savings. It’s easy to simply renew cover when policies are up, but it can be a costly mistake. Better to compare your options in a competitive market, so you don’t pay too much for house, contents, and car cover.

According to recent data, the price of car insurance has dropped by £100 between December of last year and February 2019. After years of moving in the other direction, reduced rates are welcomed by UK drivers. Between government reforms bringing prices down and competition in the marketplace, you can save a substantial sum, but you won’t realise the reduction unless you take the time to shop rates and make changes.

Sell Your Collections

The growth of direct sales sites such as eBay and others has led to a burgeoning cadre of collectors. But even as many intentionally pursue their passion for collectible items, others become accidental collectors, hanging on to items they intending to sell for profit.

If you’ve taken the first step – acquiring desirable resale items, but as yet have failed to pass them on; it may finally be time to follow through on your plan and bring home the proceeds. Even if you don’t have a large collection to sell, there are still opportunities to turn unneeded items into cash. With a little research, you may find you already own in-demand vintage and collectible items, which are easily marketed to interested parties.

Pay the Right Way

Modern consumers have access to multiple payment methods, each serving specific functions. From revolving credit lines and cash, to short-term funding opportunities, selecting the right form of payment can help you save money on almost everything you buy.

Credit card convenience is hard to beat, but when you push your balance each month, making interest-only payment on your card account, the true cost of purchases quickly outpaces some other methods of payment. When you consider the added cost of credit card debt, you may find it’s more cost-effective to save ahead for anticipated expenses or to take a small loan when surprise spending demands strain your budget.

Effectively managing your earnings and outgoings calls for spending discipline. These tips can help you find savings in your budget and pay less for goods and services, without interfering with the lifestyle to which you’re accustomed.

Paul graduated in 2001 with a degree in Finance. Since then he has gone on to work for several of the UK's most well-known financial institutions.

An avid blogger and a huge football fan, Paul is here to guide you through the ins and outs of personal finance and perhaps save you some money in the process!

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