Moving into a new home, be it rented or buying can be a daunting and expensive time. I know when I first moved into my current flat there were so many additional things I had to pay out for other than just my general deposit, and I was then furnishing a whole two bed flat from scratch. Safe to say I wouldn’t be able to afford to live where I do without a lot of money planning and budgeting, and I’m just thankful I’m on the property ladder. There are loads of ways you can save money when you move into a new property and here are just six of them.
See what deals your credit card offers
If you know you’re going to be spending – especially if you’re moving into an unfurnished property – see what deals your credit card offer. My parents’ have a card and were able to buy vouchers for shops and get an additional 10% back, and one of those was Argos. I had budgeted for my new purchases and was able to buy £2,000 worth of vouchers and get £200 absolutely free which was great as it allowed me to buy more for my budget. It might be vouchers you can purchase or cash back on certain purchases it’s worth finding out what you get, or even what your family may have. I currently have an American Express credit card and this is purely for the BA points I get which means I can use them against flights for holidays.
Clear out and sell unwanted items
Moving house is the perfect time to have a good clear out and the two areas which can make you quick money are technology and jewellery. Technology such as TV’s and photography equipment are always quick win’s and ever since the price of gold started to increase when the recession hit all those years ago selling your jewellery is a quick win. While I find site’s like Gumtree and Facebook selling accounts are the best for technology or items like babies equipment and furniture, you can sell jewellery for cash just going online and sending your items off. It’s secure and quick so you could end up with a nice payout to help you with all those unexpected additional things you realize you need.
Don’t transfer your phone or TV deals look into them as a new customer
We all know that new customers get the best deals so instead of transferring any phone/ internet/ cable deals you may have, cancel them from your old property ready for when you move out, look around for the best deals and join again as a new customer. You’ll want to do this a good month or so before you move so you can try and get your new providers set up as quickly as moving in as possible. Chances are you’ll get reduced monthly bills for a certain period of time, a better package for the same price or even a welcome gift.
Check into all your utility bills
You may not always be able to change your supplier but you can look into your utility bills such as water, electricity, and gas and see if there are any different tariffs or options which would better suit you. Some water providers, for example, offer different services where you pay a one-off amount and can use any amount of water rather than paying for what you use, if you’re for example an at home hairdresser who’s always washing people’s hair this might be ideal. You might also find setting up a direct debit allows you to cut a certain percentage off your bills. It’s worth getting to know your companies and shopping around for a better deal if you’re able to.
Don’t be afraid of short-term loans
We all like to think that we can handle our finances but sometimes expected costs occur and there’s nothing you can do about them. Don’t be afraid to enquire about Payday Loans as you may find that a short-term loan works out cheaper in the longer run than paying interest on your credit card or going overdrawn on your account. Asking for help isn’t a sign of failure and almost everyone will need to borrow money or ask for financial aid at some point so don’t be afraid of them, just shop around and know what you’re signing up for. If you’re looking for a loan you can compare loans here.
Manage your subscribed costs
I’m sure almost all of us have a bundle of things that we pay monthly for such as movie/ TV services like Netflix or Now TV, Magazine subscriptions, Gym memberships, Beauty or other monthly boxes, Music streaming, Food deliveries and so much more. It might not seem like such to be paying £8 for Netflix and £10 for Spotify but all of these costs add up so they need to be managed. Sit down and note down every monthly piece of expenditure you have and work out how necessary it is. Are you paying £30 for a gym membership but only going once a week? It might only cost £5 to use the gym once so you could save £20 by canceling your membership. Are you and your family all paying out £10 a month for Spotify? Think about getting a bundle account for £15 which can have up to 6 separate accounts attached to it. There’s a lot of ways around managing your subscribed costs but make sure you’re only paying out for things you really use.
Spend more time cooking than ordering takeaways
I can hold my hands up and admit to be guilty at ordering takeaways more than I should and while most of us wouldn’t worry about spending £35 on Deliveroo for dinner for two, or £25 on a pizza delivery there’s easy money to be saved here. When you move into a new home think about spending more time in the kitchen cooking than ordering out, not only will you save money but chances are you’ll make healthier choices. You could feed yourself for a week on the amount most of us splash on a big takeaway order.
Do you have any money saving tips for the home?