12 Smart Ways To Save More Money Around The House

Saving money around the house might seem impossible if you’re currently struggling, but there are likely a handful of things that you can do to make sure you start saving more money. Whether you want to save more money so you can send your kids to classes outside of school, or whether you want to put some money into a college fund, or even if you just want some money to play with, the tips here can help you to achieve your goals. Read on for 12 smart ways to save more money around the house:

  1. Make Repairs ASAP

You’ve noticed a repair and you think that you’ll deal with it in a few weeks time, then a few more weeks time…and you just keep on putting it off. Most homeowners do this, but what happens? The repair gets bigger, and worse, and ends up costing even more to fix – never mind the damage that it could cause. If you have a repair that’s letting in a draught, it might not seem like a big deal, but it can mean letting out the heat and wasting a ton of money. The sooner you make repairs, the better it will be for everyone.

  1. Use Your Home Decor Intelligently

Your home decor should look aesthetically appealing, sure, but are you using it intelligently? For example, if you live in a cooler area, you can select decor that will help you to keep your home warm, so you don’t have to spend as much on heating the home. Bear in mind that carpet can help to keep the heat in, but it can also trap dust and allergens which can be terribly unhealthy for those in your house. Research various options.

  1. Come Up With Meal Plans For The Week

Coming up with meal plans for the week will help you to save time and money. No going through the freezer and coming up short, and no wasting money on things you don’t need at the supermarket. You’ll know exactly what you need to buy when you do the food shop, and how much of it.

There are a few other things you can do to save money on your meals. How about buying in bulk where possible and freezing things so you save money in the long run? Parting with this much cash in one can be tough, but think of the long term benefits. Avoid taking your kids food shopping, or going when you’re hungry. Both of these things can mean you end up spending way more than you ever intended.

  1. Become More Eco Friendly

Do your bit to become more eco friendly around the house, and chances are, you’ll save a fortune. Cut back on water usage by taking short showers rather than baths, and make sure you switch off the tap when you’re not using the water, like when you’re brushing your teeth. Switch to more eco friendly light bulbs, and ensure your appliances are star rated. Make sure everybody in the house is on the same page, too!

pina messina

  1. Save Money On Your Utility Bills

Find ways to save money on your utility bills, as these are often responsible for the biggest drain in your finances. Take the time to compare energy and see if you could be getting a better deal. Don’t worry about switching, as the new company will do most of the work for you. All you have to do is find a deal that’s better for you. Check out better deals before your contract renews each year.

  1. Take Advantage Of Cashback Offers And Schemes

Cashback offers and schemes can help you to get more money back on things that you would have purchased anyway. Find sites that are suitable and then make your purchases through them. It can take a while, but you’ll get more money back in the long run.

  1. Collect Your Spare Change

Start collecting your spare change – don’t just put it on a table or in a draw to be forgotten about. Buy a huge jar and start dropping coins in there to see how much you can build up. You’d be surprised at how much you can save over time. Some people even make a pact with themselves to save certain coins no matter what, and this helps them to build up savings much faster.

  1. Stop Buying Name Brands

Do you buy name brands when it comes to your food and toiletries shop? Stop! Just because they are big brands doesn’t mean they are any better than cheaper brands. Often times, you’ll find that supermarket own brands are just as good or will suffice. Choose carefully what you’re going to purchase. To ease you into different brands, try swapping one or two things each week. Over time, you should save a large amount on your shopping.

Peter Wendt

  1. Grow Your Own Veg And Herbs

Growing your own veg and herbs is a great hobby, especially if you have kids. Not only that, you’ll always have a fresh supply to take advantage of when cooking, no need to go shopping!

  1. Create And Stick To A Budget

If you haven’t already, create and stick to a family budget. Make sure you know your numbers and that you come up with a realistic incomings and outgoings chart. Come up with the amount you’re going to spend on food, how much you can spend on entertainment, and anything else that’s relevant.

  1. Have Regular Money Meetings

Having regular money meetings with your family will ensure you’re on the same page and working towards your goals. This is especially important for you and your partner, but it’ll teach your kids good money habits too.

  1. Always Use Coupons And Vouchers

Don’t buy anything before you’ve looked for a coupon or a voucher. You can usually find them online. It takes a few minutes just to be sure! Also consider buying something second hand before you buy it new.

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Tips for First Time Renters

If you are thinking about renting a property for the first time, the whole process can seem overwhelming, albeit exciting. It is important to make sure that you do not dive in headfirst, though, as any mistakes can be very costly. With that being said, read on for some tips that you will find helpful during your first renting experience.

Work out how much you can comfortably afford – This may sound like an obvious starting point, but you need to sit down and work out the maths. You are going to have bills to fund too and you need to add in your living costs. You should never simply guess; you will often find that things are more expensive than you realise when moving into a property. This is why you need to work out what you can comfortably afford, as you do not want your rental property to be a burden.

Scott Webb
Do a thorough walk-through – Renters are often less sceptical when viewing a house because they are not going to purchase it. However, you still need to be cautious. After all, you are going to be living in the property for at least a year in most cases, and so you need to be certain that is right for you. You also need to make sure that there is not any pre-existing damage. If there is, it must be noted, as you do not want to get accused of causing the damage when you leave.

Make sure you actually read the contract – Don’t just sign on the dotted line with little consideration for the words that are printed. You would be shocked by how many people do this. They assume that all contracts are the same. However, you need to be mindful of hidden and miscellaneous fees. You also need to have a look at the notice of lease termination to see whether the time stated is something you are comfortable with. Other important details that will be covered include subletting, rent increases, and move-in fees; so the contract definitely isn’t something to gloss over.

Don’t manage everything yourself – Last but not least, a lot of renters skip the process of seeking out professional assistance. They deem letting agents to be another added expense. But you are putting yourself at serious risk if you do not go down the professional route. Letting agents are there to ensure that you are covered should your landlord treat you unfairly. They will also keep the deposit in a protected scheme too. Renting privately possesses many risks, especially for first-time renters.

As you can see, there is a lot to take into consideration when renting a property for the first time. However, if you take into account the advice that has been provided, you should find the whole process a lot easier.

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Why it’s not impossible to buy your first home

For first time buyers, the prospect of saving a deposit for a first home can seem impossible. In the last few years, house prices have risen meaning that buyers need to raise thousands of pounds in order to secure a mortgage. For many people, this dream seems unreachable and young couples often make the decision to continue renting rather than spend years scrimping and saving for a mortgage. But, what if it wasn’t as impossible as it looks?

Make a plan

The first step in reaching any goal is to make a plan. Take a look at some of the houses you’re interested in and find out what kind of deposit they require. It’s also worth looking into the amount of deposit you’ll need to secure a mortgage. You can use as little as 5% to get a mortgage but it may mean you have to pay increased interest rates, so it’s better to aim for at least 10% if possible. This will give you an idea of how much you need save. The figure you come up with may seem impossible, but it’s important to consider your options before giving up entirely.

Rowan Heuvel
Help to buy

When it comes to raising a deposit for a mortgage, you may not have to do it all by yourself. After all, banks want your business, so it’s in their interest to provide you with as much help as possible. Help for first time home buyers can come in many forms. You may want to consider applying for a help to buy scheme, where a 20% deposit is put down for you. However, you do have to keep in mind that the deposit is repayable, and you may also have to pay interest if your home is sold for a greater price in the future.

Get paid to save

Saving money in your regular current account is just heading for failure. Unless you’re ridiculously strict on what you spend, it’s likely you’ll dip into your savings every now and then if you’ve got easy access to them. Putting your savings in a separate account is much safer. Take a look at the savings accounts that will give you the best return. You may have to deposit a minimum amount every month and you may not be able to make any withdrawals for certain period, but the amount you gain will be worth it.

An understanding family member

If you’ve got a family member with a bit of extra cash floating around and they’re willing to give it to you as a deposit that you eventually pay back, you’re in luck! However, many people haven’t got that amount to give but it doesn’t mean they can’t help. Take a look at the new 0% deposit mortgage offered by the Post Office. They will give you 90% of the house value and secure the other 10% by placing it against a family members home. The downside is, if you fail to repay your mortgage on time, both you and your family member are in trouble.

Difficult, yes. Impossible, no.

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