Money Saving Ideas
Reduce Monthly Outgoings
Consider paying your bills by direct debit.
You may be entitled to some discount for paying by direct debit with some companies and it is more convenient, ensuring you pay your bill each month on time. An alternative may be to set up your own standing orders although discounts may then not apply.
Review all suppliers of utility services - telephone, gas, electric, insurance and those providers who offer a regular service.
Competition in these areas enables you to obtain some excellent cheaper provisos which will assist in your debt management strategy.
Conserve energy, electric, water and gas
Become environmentally friendly and by doing so you will save yourself money reducing the level of debt you have to manage
Debt Consolidation
By consolidating your debt you may reduce your monthly payments and in some cases reduce the level of interest being applied to your accounts.
Car Sharing
Regular travel to work, consider car sharing and benefit by reducing your travel costs.
Supermarket Loyalty Points
Collect loyalty points in your supermarket / petrol shopping.
Supermarket Discounts and Vouchers
Retain all vouchers found on produce and use them when shopping in the future. Be aware of special offers available at your local stores and purchase non branded items at a much cheaper cost.
Do you have savings?
Consider paying off debt with your savings as the interest earned on savings is less than the interest paid on debt.
Shop Around
With almost everything you buy or any policy you take out, always look for two or three options and get the best deal there is. Wage one quote against another and attempt to get each price to its lowest.
Don’t purchase pre-package full meals
Although convenient they often cost more than when prepared individually.
Don’t eat out
Wherever possible make and take your own snacks to work.
Use the Internet.
The internet has opened online shops throughout the world which has made competition more fiercer than ever before, by browsing the Internet you can often find like products at cheaper prices.
Car boot sales
Utilise your spare time by selling unwanted toys, clothes and ornaments at your local car boot sales. You make a few quid and tidy your property up in the process.
Sell on the Internet
Sell off unwanted items on the Internet through the services such as ebay
Smoking
Give it up and choose a healthier life style: or at least get friends and relatives who are travelling abroad to bring you back cheaper cigarettes
Alcohol
Give it up or reduce your alcoholic intake, this is expensive and can provide you with a healthier lifestyle
If you’re struggling with debts management, face bankruptcy or are considering an IVA, give us a telephone call on 0845 2267 153 we can help you like we help 1000’s of people everday.
