Spending less money is always difficult, particularly if you have a big family or a very tight budget; however, after the recent financial crisis many of us found great ways to save money by reducing our normal spending that vary from using discount vouchers to getting better deals with credit cards and mortgage deals; they are are just a few of the many ways in which you could spend less money; smart shopping is the key and learning the tricks and the importance of money will give you the starting point for a more debt-free life.
Money saving with voucher codes is now a reality; many company are taking advantage and offering great discounts in the form of vouchers; the important thing is to know where to find those valuable vouchers; many of them offering as much as 70% discount of the original value and although many of us always go for a bargain; it is crucial that you don’t buy more of what you really need; how many of us have bought items that have never used? Always concentrate on what you really need. Although you can actually find individual gift discount codes; it is probably better to visit one of the many sites gathering all the codes in just one click; some of them are Groupon.co.uk, couponalert.com, myvouchercodes.co.uk and others.
Online sales have increased dramatically in the last couple of years and it is not just limited to items such as CDs, video games and others; many people are opting to buy groceries and even clothes online – there is a reason for this growing tendency and it is not only the beauty of buying from the comfort of your own home; the biggest savings can always be made online; many small businesses are now “online business”; they don’t need a store in the big street or in the corner of your own street; they only need a website and good offers which in fact is not costly, passing many of the savings to you in the form of discounts. You will also save money online by searching the product you want for a lower price; believe it or not, prices can vary from as much as 100% from one seller to the next; look carefully and you will save a fortune.
Credit cards should only be used in emergency cases or if you use it regularly then you must remember to pay your balance before the end of the “charging period”; otherwise your interest payments will be high, adding more to your existing debt. However, credit cards are not bad if you use them wisely; if you have recently bought a house and want to buy furniture and pay them within the next 9 to 12 months then it might be useful to get a 0% credit card for purchases for that period; they are now even offering 0% transfer in many cases; however, being rejected for a mortgage, credit card or a loan has increases since the financial crisis; lenders are now more careful and additional checks are now in place; this is why it is important to understand how your credit record affects you and the deal you might get. Always remember to check your credit record before applying for any form of credit and in order to make sure your record is clean you must be registered to vote, make at least the minimum payment on a monthly basis and a good trick is to leave a small balance at the end of the month; this is to prove your lender you do use it.
Green money or sustainable living is an alien term for many of us; especially if you live a busy life; however, for many money savvies, a sustainable living is also equal to “spend less money”; do you want to know how? A power saving monitor will save you money on electricity; governments in America and Europe have implemented many financial rewards for a green living and the use of eco-friendly products; the use of effective radiators and gas central heating will save you a fortune and changing your wood-burning fireplace for a gas fireplace might also bring benefits to your budget. A sustainable living is a tendency that is growing by the day and will continue, as more and more people are concern about the environment, pollution and the effects of the contamination in our lakes, rivers and community.
There is a lot of arguments about the importance of money in our lives and although many people believe that money is not everything, it is true that as soon as we understand its importance, we will start being more careful with what we have and start saving more for what we want, such as a house, a car or the holiday of our lifetime; it is true that money will not make us happy but the more money we have the less worries we will have about work and how to provide for your family. Money is only important if you don’t have it, particularly if you have to pay the bills for a medical treatment or buy dinner for your kids.
If your family is currently going for a difficult period then you might be entitled to income support; countries in Great Britain and America have implemented financial help for those with a low income; however, before even considering you must understand the different criteria taken into account in order to determine your eligibility. In the UK if you have savings over £16,000 then you won’t receive this social benefit for example. All the information can be found in this article.
If you are one of many of us considering retiring abroad; then it is important to consider your financial situation and the tax policies of the country you are moving to. Although you might have your eye and heart in one particular country; you should consider the economic considerations, health issues and distance from your native country. Is the health care equally good? Will you have to have an insurance policy? This is probably your biggest expenditure in your golden years and countries like England offer free service for UK and European nationals. The terms in the state pension of the country you are moving to, it is also a key consideration, as well as the tax rate you will have to pay for your savings and income receive once retired.
These are just a few of many ways in which you can save money and spend less, especially if you are saving money to buy your new home or a dream holiday.