Saving Money On The Big Things

This is a collaborative post but all thoughts and opinions are my own

We often look at ways to save money. And we focus a great deal on breaking our little habits. Reducing the number of times we buy lunch out instead of taking sandwiches to work. Taking coffee in a travel mug instead of making that daily trip to Starbucks. 

But looking at the more essential items that spend our money on can be crucial. We feel as though our significant outgoings are set in stone, but that is not always the case. 

Get A Cheaper Vehicle

Buying a new car can be expensive. The monthly payments can be considerably large. But it does not take very long at all for your car to start losing value. If your new car loses thousands against what you paid for it within such a short space of time, why not buy something slightly older? Visit a company that specializes in selling used vehicles such as Southern Commercial Sales. 

Before you trade in your current vehicle, check out how much you will get for it. Chances are, if you are prepared to sell it online, you will be able to get much more than a dealer will give you. This will help you out when it comes to paying for your next vehicle. Facebook Marketplace and eBay are probably the best places to sell your current vehicle. Be honest about its condition, provide as detailed a description as possible, and make sure that you take some excellent photos and you will be able to sell it in no time. 

Reduce Your Rent Or Mortgage

If you are in a private rental situation and have been a model tenant for a long period, it may be worth trying to use this to your advantage when your lease is next up for renewal. Find out what else is out there in terms of rental properties, and make sure that you’re current rent is competitive. If not, haggle. Landlords don’t want to lose tenants. The house may end up sitting vacant for a while, and they will need to go through the hassle of finding a new tenant who quite frankly might not be as good as you! It might not work, but trying costs you nothing. 

Similarly, if you pay a mortgage, it is possible to switch after a while. You could choose to unlock some of the equity in your home at the same time; this could be useful for renovation, or clearing debts. But, getting yourself on to a better interest rate will reduce your monthly payments. There may be financial products available to you now, that was not there when you took you initially took out your mortgage. 

Slash Your Energy Bills

Gas and electric bills can be pretty big. We all need to power and heat our homes, and many companies act as though they have us over a barrel with their prices. But they don’t. There are lots of smaller, independent green energy companies springing up that are challenging the status quo. Many won’t tie you to a contract either and will handle all of the switch over process. 

Have a search for a comparison site that will help you save a considerable percentage of your bills each month