Money saving tips
With the credit crunch and global recession getting worse by the day you might be looking for ways to cut your expenditure and sure up your finances, if not you should be. Heres some quick money saving tips to make your income go further
Stop Buying Lunch
How much do you spend on your lunch everyday? Unless you eat like a hamster you don’t get much change from a fiver these days do you? That means your spending approximately One thousand pounds a year on sandwiches, would you do with an extra Grand?
Making sandwiches at home is much cheaper than buying them from the shop as is cutting down on the trips to starbucks.
Credit Card Debt
If like most of the UK you have credit card balances you should consider trying to clear them, credit card debt is one of the biggest drains on your personal finance because of the way credit card interest is calculated it takes forever to clear. One popular solution is to find credit card that offers 0% on balance transfers. Depending on your credit rating 0% deals are not always available in these days of the credit crunch, you can check your credit rating for free.
If your really struggling with debt you should consider looking for some proffessional help.
Another option if you have savings in the bank is to use them to clear your credit card balances, bank savings are most likely only earning you 5% a month max where as the average credit card interest rates is around 18% a month, I am sure you can see where that money would be better used.
Change Gas and Electric providers
See how much you could save by switching home energy provides using this new service from leading consumer magazine Which. Make gas and electricity savings
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