Top quick and easy cost cutting ideas
If you are looking for some ways to save some cash this year, then here are a few essential tips of simple money saving pointers that you might like to consider.
Gym Membership
Do you have onelaying around? Do you really use itseveral times each week? As much as you should dofor the amount you spend??? Well, if you have taken out a gym membership a while ago intending to use it at some point in the near future, then you could be paying out several hundreds each and every year for nothingin return. Maybe cancelling the membership and instead going for an outdoor bike ride, a long daily walk or even a run along quiet, but safe, roads or just a swim down at your local pool? This alone could be what you need to save you a few hundred each year and more if you are paying for yourself and maybe your partner.
Paid For TV
Do you really need a choice of 1001 channelseach day? Do you watch the infamous Owl TV, as the advert says? Would the standard choice of terrestrial channels suffice? Look at how much you are payingfor channels you don’t watch or could do without. Even for a standard TV package the price could be a couple of hundred per year. Add onto that a selection of movies packages, sportschannels by the dozen, news channels and the likes and your annual TV bill could easily be running into the hundreds. Could you drop some, or even all of these extra channels and rely instead on just the watching the free to view channels, just for this year? Consider all of those unnecessary channels that you don’t really need as an unessential luxury. If you are looking for ways to save cash, then there’s a quick and easy way.
Review Your Borrowing
Have you reviewed how much have you currently got borrowed in your mortgage and what it’s costing you and with the recent collapse in interest rates is your mortgage serving you as best it can? Have a word with a local mortgage broker who can understand your financial circumstances and ask them to compare mortgage rates for you. Is the deal you are on the best available to you and what would it cost to move to something cheaper? It may be cheaper for you to stay put if you have high penalty charges, but if there aren’t penalty fee or they aren’t too great, then you might find you can save yourself a tidy sum by moving. When your mortgage advisor compares all mortgage rates for you, they should also be able to look at your current mortgage to tell you how much it will cost to move.
That’s just three simple ideas to save you potentially hundreds per yearand there’s more along the same lines. If you find over the next year that your finances are changing for the better, then look at whether you can renew the gym membership and the paid for TVsubscription. But if you want to save some easy money in the short term, then you can start saving straight away.
Read how car finance calculator can help to save money on car loans.
Posted by Carlos Sagastume on March 11, 2009. Filed under HUD Homes.
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Mortgage rates are still very low. Refinancing can save most individuals alot of money. The Making Home Affordable Initiative can allow more people to refinance, even if they owe more on their home than its present value.