Wednesday, 22 February 2017

Lighten the cost of living!


Living in shared flats and houses with some good friends can be a blast, but nothing beats having a home that you can truly call “yours”. While settling down somewhere and raising a family is a wonderful experience, you may be discovering that it isn’t the most affordable thing in the world! Fortunately, there are many easy ways you can shave the cost of living with minimal hassle…

Home energy

There's no denying that energy costs are massive these days so try and find some ways of making your home more economical in terms of energy consumption. Simple changes like weather-stripping, caulking your doors and sealing your windows can make a huge difference to your heating bill. Or if you have a HVAC system that is getting on in its years, it may be worth investing in a new, more economical one from a firm like Academy Air. These can be pricey up-front, but it will pay off massively in the long run. Smart thermostats are another great way to make sure you’re not using too much heat!

Food and groceries


Most of us spend thousands every year on groceries and they aren’t exactly something that you can cut out altogether either! We need to eat, so cutting down the amount you pay for something so essential can be hard to wrap your head around. However, if you can bear a few little changes here and there, it can make all the difference. 

A lot of us can save a small fortune simply by doing our shop less frequently. If you’re in the supermarket every other night before dinner, it can be easy to impulse-buy and make hasty, uneconomical decisions. By cutting it down to once a week or even less, you’ll get into the habit of planning out meals, and making what you have go further. Having a shopping list and sticking to it or experimenting with cheaper brands than you’re used to can also make a massive difference to the amount you spend on groceries. Make small changes in a lot of places, and soon you’ll see a huge improvement!

Taxes

Taxes have got to be up there with the most boring things to think about in the world. Naturally, this means that a lot of people put off looking at their taxes until the deadlines are on the horizon. Still, this is one more living expense that you can trim down in order to give yourself a little more financial flexibility. Using a tax-free ISA allowance, transferring your investments to a partner who pays less tax, and using your personal savings allowance, can all be great ways to reduce the amount of tax you have to pay. If you’re self-employed, there are even more opportunities to penny-pinch. You can read more options at Which

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