We can all agree that saving isn’t easy. Even if you do get a budget and put your spending under control, there can still be issues. You can be hit with unexpected bills, and you may also find yourself struggling with how to balance wants and needs. For instance, you might want to go on holiday this year, but really, you need a new car. See the problem? Luckily, there are some cheats that can help you save and make sure that you are not struggling with money. Here are a few of the best options.
No Auto-Renewal On Insurance
Auto renewal on insurance puts you at a weak position on the market. It gives your current insurer the option to renew without even giving you an opt out. You don’t want that. Instead, you need to make sure that you are contact your insurance company at the end of each year. Ask them how much the insurance is going to cost for your next year and then compare other options on the market. Gocompare.com is one of the best tools to do this as you can check out different insurers directly against one another. Do be aware though that you must speak to your insurance provider as well. They may offer you a deal that you won’t find on the market when comparing their brand to others. Particularly, if you have shown great loyalty over the years.
Credit Card Crunching
If you’re not opposed to using credit cards, check out the different ones that are available. Different credit cards provide various incentives for users. All you need to do is find the right credit card to match your spending habits. For instance, you might be able to get money back on purchases that you make in certain supermarkets. If the deal is offered on a supermarket where you complete your weekly shop, this is a great choice for you. You can also get money off holidays and flights which is great if you love to travel. Again, it’s worth shopping around before you settle.
Tricks Of Tax
If you work for yourself or as for as a freelancer, taxation can be tough, and it may put a lot of pressure on your income. This will make it more difficult to save. You can fix this issue, quite simply, by taking advantage of expenses. If you work from home, you can claim everything from council tax and rent to energy bills. Checkout Ovoenergy.com for info on how to cut energy costs. By taking advantage of your expenses, you can cut your tax levels down a sizeable amount to the point where they are not such a heavy burden.
Make Your Money Work For You
Last, but certainly not least, consider looking at the different savings accounts available online. Some offer fantastic bonuses when you put money in your account. You can access awesome levels of interest, and there are even some savings accounts where the government will contribute to the amount you raise. This is particularly useful for homebuyers, and if you put 100 in, they might add fifty to your overall savings amount.