Make small savings add up No comments yet

When you are struggling financially as most of us are in the present financial climate, even the smallest savings can be of great help. If you have got yourself in a tricky situation with your debts, you are not alone. Many people are putting all their debts in one loan that has a lower interest rate, and for a very good reason. By consolidating your credit card, loan and other debts you could end up with just one low monthly amount. Debt consolidation certainly makes an easier and more manageable way to keep track of your debts.

There are many other ways to save a little bit of cash. Putting small change in a jar is a painless way to save a bit of money for Christmas or perhaps for a birthday present for a member of your family. If you empty your purse and pockets of small change every evening and tip it into a bottle or piggy bank you will be pleasantly surprised how quickly your savings grow. Don’t be tempted to keep dipping into it though!

If you absolutely have to buy something such as a new vacuum cleaner or other essential, check the prices carefully first. It may be cheaper to buy online but watch out for delivery costs that can be high. A price comparison site will help you get the best deal and also consider buying through a cash back site. These list product providers and retailers, and when you click through to visit these websites, they get paid for providing the links. In this way the site can pay you a percentage of the money it receives for this. You can also buy car, home and pet insurance in this way making a considerable amount of money that you can request when you reach a certain threshold.

Going out to clubs and bars socialising can be a huge expense. How about staying at home and inviting some friends round for a couple of bottles of supermarket wine and a rented film. You will still have good company but at little expense.

Petrol or diesel is a huge expensive as every driver knows. To cut down the expense you could consider car sharing. Can you share lifts to work with a colleague, both of you will save on fuel costs, have company for the journey and share the stress of rush- hour driving. Also consider whether you really need a car. How about getting a bicycle?

Food shopping is an essential as we all have to eat! If you usually buy well known products might want to try switching to supermarket brands as they often taste very much the same. Also clip money-off coupons from magazines and newspapers. Take advantage of Buy One Get One Free offers. If you really don’t need twenty four toilet rolls for example can you share the deal with a neighbour so that you both make a saving?

There is a lot of truth in the old saying. “Look after the pennies and the pounds will take care of themselves.” Every penny counts!

If you get in trouble. Good companies to call are Debt Free Direct, CCCS, and Payplan.