We all keep hearing about how the financial climate is stabilising, and we are now bouncing back from the recession. This may be the case, but for the less well off, the crunch of financial affairs is still a very real one. The onslaught of high energy prices now means even more pressure is on people with a tight budget. The poor are still poor, and as we head into winter, it’s time to start thinking about cutting costs.
Cut Your Energy Bills
The first thing you need to do before the change is made is to assess previous bills. There is no point trying to get a new deal without knowing the old figures. Comparison sites are great at helping people find the best deals, and some companies will be open to negotiating as well. Average gas and electricity bills are currently £1,500 a year. But that doesn’t mean you should lose out. If you’ve never deserted your original supplier, you can still save £300 a year. The best option to take is to try a get a dual fuel deal. This way you can have gas and electricity with the same company, from which you can gain benefits from discounts.
Cancel Your Gym Membership
It is very easy to waste endless amount of money on the gym. We are all self-conscious people to an extent. So when we see adverts that tell us to better ourselves, we can be drawn in. So many people get persuaded to join the gym on moments of inspiration, with promise of a better life hitting home. However, having a gym membership does not make you lose weight or get fitter. It is the actual exercise that makes that happen. There are plenty of stories of people who pay huge amounts on membership, but very rarely go to the gym. If you don’t go to the gym on a regular basis, i.e. twice or more a week, then you should consider cancelling your membership.
Reduce Your TV Subscription
Another great way to waste money is by over paying for TV. Humans are creatures of habit and these days, television companies are extremely skilled in making you feel like you’re missing out. This is particularly effective when it comes to sport on TV. Big companies do make you feel like the only way to watch sport is to have their channel. But this is simply not the case. As way of saving money, a suggestion may be that for big games you go to your local pub. This would save you money in the long run (though you might spend some of your savings on beer!).
Remortgage Your Home
One of the best ways to reduce your outgoings is to remortgage your house. Financially, your current mortgage may be dragging you under into financial oblivion. To avoid getting into debt, this option may be the best one. Lengthening the time on your mortgage is certainly a big decision, so be sure to take time. Contacting a company like Capital Fortune is a good plan. This way you can get expert advice, so you know all of your options.