When we talk about saving money, we tend to focus on major changes to our general lifestyle. We consider pursuing a new and more lucrative career, which will provide us with more disposable income. We think about selling much loved belongings in order to generate some available cash. We will mull over moving to a new area where rent or mortgages happen to lower cost. But this doesn’t have to be the case. Sure, doing these things works. But there are smaller measures that we can take to save money on a more casual, day to day basis. Here are a few to consider!
Take Public Transport
Having your own vehicle is a luxury. It provides you with a sense of freedom. You can travel wherever you want, whenever you want. But it’s not a necessity. The majority of us have access to public transport and there are so many different reasons to make use of it. Not only is it better for the environment, but it’s better for your purse or wallet too. Public transport is designed to be relatively cheap in order to draw people away from their own vehicles. You can also save a fair amount of money by avoiding travelling at peak times (if you don’t need to be somewhere at peak times) and by looking out for discounts or discounted travel cards. Generally speaking, public transport is safe, but if you do experience an accident on the bus or train, report it. Someone should be able to help you pursue further action!
Try Out Unbranded Foods
Most of us have gotten into bad habits when it comes to doing our grocery shopping. We pick up the same branded products each time we head into the store. But unbranded goods can often be just as good while having a much cheaper price tag. Taste tests on many brands and their unbranded equivalents have proven this. So, conduct your own taste tests and determine which branded goods you’re happy to forgo.
Balance Transfer Your Credit
If you’ve taken out any form of credit, chances are that it has some sort of interest attached. Check how much interest you’re being charged on each credit card you have. If you’re unable to clear the balance in full, consider engaging with a balance transfer. This is when one credit company offers to move your debt to them in exchange for providing you with an interest free window. You can then use this time to chip away at your debt without having to fork out for interest on a monthly basis. It only makes sense to take lenders up on this offer! Just make sure to check for hidden fees and charges. If there aren’t any, you should be good to go.
These are just a few simple steps that can save you some serious money in the long run, but there are plenty more out there. Incorporate them into your daily routine to begin reaping the benefits as soon as possible!