April 30th, 2015 Posted in Life|Money Smart Tips | No Comments »
How To Save Money
We could all do with a little more cash in our lives. Be it due to rising energy costs, a desire for a big purchase or saving toward a holiday, there is always room for a few extra dollars. There are a few tips and tricks you can try to save yourself a little cash and invest it toward a better future.
To begin with, evaluate your outgoings. Look closely at the price plans you are on for energy and heating, as there might be a better deal available. Check comparison websites and if there is a saving to be made, switch immediately. Some people have reported up to $160 a year saving on energy bills purely because of this.
Next up, look at your home and cell phone bills. Again, there might be a cheaper tariff available. A neat trick is to telephone your current provider and inform them that you’re planning to leave and would like to cancel your contract. At this stage, you will be put through to a department – often going by the name of “Cancellations”, though they are anything but – who will try and woo you and persuade you to stay. They’ll offer deals on your plan that could save you hundreds of dollars a year, just to keep your custom.
Continuing along the same theme, check the interest rate you’re paying on any credit cards you may have. Many people remain with the same provider for years out of habit, never bothering to see if there is a better deal available. Nine times out of ten, there will be – apply for a new card with a better rating, transfer the balance and cut up your old card. Your monthly payments will reduce and you’ll be paying less interest.
With these things in check, you can move on to trying to cut your expenditure. One of the biggest, and often unavoidable, expenses is the price of gasoline. To begin, consult a website such as Gas Buddy, to find the cheapest gas station closest to you. These done, then try to fill up your tank on a Monday. Gas prices traditionally rise over the weekend and dip again at the start of the new week, with Monday being the cheapest. It might only be a small amount, but every little helps.
On more frivolous pursuits such as shopping, savings can also be made. One priceless tip to remember is that eBay is not just for used goods. Many big companies – such as IBM – run eBay stores as a way of clearing old stock. Many brand new items are available on eBay for huge discounts off their original retail price. While online and buying a new purchase, try the many comparison websites – like the aforementioned for credit cards and energy companies – to get the best price.
When it comes to health and beauty, you can also make savings. Most salons charge high prices, but will offer discount rates if a junior treats you or trainee stylist. This may sound risky, and no one wants to end up with bad hair, but a senior stylist will usually oversee the junior and if something does go wrong, they’ll fix it for free. You can also try making your own skin care products – a bottle of branded exfoliating lotion will cost anything up to $25, where a warm bowl filled with sugar and rubbed in firmly with a sponge will have the same effect.
Essentially, there are ways to save money on everything. Utilize the Internet, as it genuinely does offer some spectacular deals if you have the patience to look for them. In the same vein, learn to haggle when in store – many retailers price their items with mark ups that allow for negotiation. 99 times out of 100, you can find a discount on something – all you need is a little clear thinking and a large amount of patience.
To streamline and minimize blog maintenance, I will be discontinuing maintaining the Canadapersonalfinancewebsite.com website (however, I will still hold the domain). I will gradually move all articles from this site to A Dawn Journal. This article originally published on the above website on Mar 21, 2009.
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