 Let us know what you thoink about the following list that we found on the net. Theres a lot ot read so make yourself a nice cup of tea and get those eyeballs ready!!
1. Get the best mortgage deal
If you are paying the full standard variable rate mortgage, you are probably paying a lot more than you need to every year. There are now more deals to choose from than ever, and it pays to shop around if you are thinking of switching your mortgage. Over the years, you can save thousands of pounds by paying less interest. Check out some mortgage comparison sites or ask for more information from banks and building societies about how much you can save.
2. Clear credit card debt
Always clear your most expensive credit card debt first. It may save you money to take out a bank loan in order to pay off your credit card debt (interest on a bank loan is normally much less than interest on a credit card.
3. Cut the cost of fuel bills
Fuel prices worldwide may be rising, but that doesn´t mean you have to pay over the odds. Compare prices of different fuel suppliers on debts.org, and you will be surprised how much you can save by switching to another company.
4. Install a water meter
Water is often estimated, and you could end up paying the same as the occupants of the house next door, simply because of your address, and irrespective of how many people live in your house. Install a water meter for exact readings.
5. Reduce your phone bills
Shop around to find the cheapest telephone companies. You may be able to hook up with a company which will allow you to access low cost calls using your existing BT line.
6. A pay as you go mobile
Change from a contract mobile to a pay-as-you-go arrangement. You can save hundreds of pounds by taking advantage of one of the many mobile offers and deals available to new customers.
7. Always make a shopping list
Make a shopping list before you hit the shops, and only buy what you need. We are often tempted to buy food and drink which catches our eye, but is a waste of money.
8. Food shop at the market
Fresh fruit and vegetables are normally better quality and lower priced than those at the local supermarket. Take a trip round your local farmer´s market or town market once a week. You will be surprised how much cheaper you can shop for.
9. Own-brand goods in the supermarket
You can usually buy own-brand goods for up to a third cheaper than other brands in the supermarket, and they are often similar quality.
10. Sell what you don´t need on e-bay Buy or sell unwanted goods on e-bay to save money. An account is easy to set up and you could be trading in minutes. Alternatively, consider a stall at the local market or car boot sale to sell your unwanted items.
11. Use your talent
If you are talented, teach other people to sing, dance, speak another language, play the guitar, swim or draw. We are all good at something, so use your talent to earn some extra cash.
12. Don´t do designer labels
It is tempting to splash the cash, or splash the plastic on designer labels. Don´t! If you are struggling with money or already have debt problems, the last thing you need is to make things worse. Keep your clothes shopping to a minimum, and have a look round the factory shops and charity shops where you can find some real bargains.
13. Theatre and theme park tickets
Never pay full price for theatre or theme park tickets. Lastminute.com offers some amazing deals for theatres and days out with the family, and you can get up to 50% off normal ticket prices.
14. Trade-down your car to avoid debt problems
Sell your car and change it for a smaller model, or one that uses less fuel. You may even be able to buy a newer model than your previous flashy gas-guzzler, and you can release some cash to pay your debts.
15. Don´t compete with the neighbours
If you are experiencing money worries, don´t try and keep up with the Jones´s. It could just be that the Jones´s are in more debt than you.
16. Don´t make unnecessary purchases
If you ask yourself whether you really need half the things in your wardrobe, the answer would probably be NO! Don´t buy unnecessary items to ´make you feel better´ as you will only succeed in getting further into debt and making yourself feel a whole lot worse!
17. Don´t use ticket touts
Tickets for football matches, shows, concerts and all sports events are available to everyone. If you want to be first in the queue, sign up with some ticket agencies who will alert you when they go on sale.
18. Cancel the gym to avoid more debt
You may have a gym membership which you hardly ever take advantage of. If you have a regular payment flying out of your bank account but never use the gym, cancel your membership.
19. Cut down on the nights out
Cut down on the nights out and cut down on the alcohol. A couple of pints after work every night may not seem too costly, but work out how much you could save per month if you halved your intake.
20. Stop smoking
Probably one of the best things you can do in your life is to stop smoking. Health-wise and wealth-wise this is a biggie. If you normally smoke 20 cigarettes a day, you can save £2,000 a year by stopping. To give you an extra incentive, put the money that you would normally spend on cigarettes in a bank account, forget about it for a year and spend it on a holiday to celebrate a smoke-free 12 months. See Part 2 Source: Debt Management Plan Advice |
£1,431.76 from Citi Financial