Save Money and Remove Stress With These Simple Tips
Money is causing many homeowners a lot of stress. The rising costs of food, energy, and general household expenses mean that money needs to be stretched further than ever before. If you’re finding it hard to spread out your wages to last through the month, we have several tips that will help you to sort out your finances. As a result, you will be able to take control of the stress levels associated with money and start enjoying life once more.
Clear Your Debts
Clearing debts may be easy to say, but doing it can be a lot harder to achieve. That doesn’t mean you should just ignore your debts as that won’t get you anywhere. Start off by going through all your debts and working out which ones are costing you the most money in interest. Work on paying more to your expensive debts first, clearing the outstanding balance and adding as much as you can on top of this amount. You may even wish to consider taking out a loan with low interest rates to clear off your expensive debts quicker.
Insulate Your Home
Energy bills can skyrocket during the winter. It can be difficult to cope with these extra costs being added on top of normal living expenses. Go through each room in your home and find ways of helping the room retain heat more efficiently. Add thick curtains to your windows and consider putting up door curtains, too, as this will help stop the hot air from escaping. Block up all the cracks and holes in the walls, paying close attention to areas where pipes enter the room, along with cables and wires.
Head up into the loft and check your loft insulation, too. If you find the insulation is less than 6 inches thick or if there are areas that aren’t covered, it’s time to head to the hardware store and buy some new stuff. Insulation is cheap, and it can stop up to 25% of the heat from leaving your home, something that will reduce your heating bills tremendously.
Cancel Your Satellite or Cable Television Subscriptions
How many channels do you actually watch on television? Do you really need to pay for them all? You may be able to find the same channels or your favourite television shows online for a lot less. There are many pay-as-you-go, contract-free services that cost a fraction of the price of satellite or cable subscriptions. You can pick and choose when you want to pay to watch a show and when you wish to skip the bill without being charged.
Save on Insurance
You may be tempted to scrap your home insurance, but that’s a very big mistake to make. You might need insurance as part of the conditions of your lease or mortgage, but that shouldn’t be the only reason for getting insured. If something does happen, you will be covered if you have the right policy. If you don’t, you’ll have to find the money to replace everything, which could be virtually impossible. Learn more by visiting a website like Santam to find suitable house insurance.
Share this:
Category: Saving Money
