Ways to save money

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If the worst were to happen and you lost your job, how long could you feasibly support yourself for, whilst searching for another? One month? Two? Most financial advisors recommend you should have a quarter of your annual salary saved up.

Some might argue that with the current jobs climate, you should have more than this since getting a new job may take considerably longer than it used to. Still, whilst it''s obviously sensible to save, not everyone feels able to save 3 months'' worth of salary. But there are certainly ways to make your money grow and reduce spending. Try out the following measures and see how much you can save:

No more ''treats''. Where possible, try to substitute things for cheaper alternatives. You might consider them small treats but a cinema trip here and a magazine there can add up to rather large amounts when totted up over the whole year. Instead, if you enjoy going to the cinema, why not sign up to a DVD film club where you can watch several movies for the cost of one trip to the cinema? To curb the magazine habit try reading online fashion magazines and blogs, which are free.

Pay your bills by Direct Debit. Lots of businesses reward customers who pay via this method because it works out simpler and cheaper for them. This should save 10% or so off your bill.

When shopping on the internet, keep an eye out for discount voucher codes. Many sites have exhaustive lists of codes for high street stores, and so with a quick Google search you could get over a quarter off the retail price.

Learn to live on less. Modern day society has trained us to be consumers - although it can be a hard habit to break just think, do you really need those new things? Many goods can be repaired or recycled and indeed, not only is it good for your wallet, but for the environment as a whole.

Take a ''staycation''. The growing trend for staying in your own country instead of going abroad is another one that should benefit the environment as well as your bank balance. Explore a different city or the surrounding locale, you may be pleasantly surprised by what you find. However, do remember to take out holiday insurance when you travel ? just because you''re not going abroad doesn''t mean you won''t need it.

Switch. Look at the products and services you currently have contracts for ? anything from telephones and broadband to utilities and insurance - and see if you can get a better deal elsewhere. It''s a sad fact but consumer loyalty is generally rewarded by companies seeing you as a cash cow and increasing your rates ? shop around and you''ll be surprised at what you can find.

Article Source: http://depositarticles.com/

Hosea Mudrick recommends that you always take out holiday insurance, just to be safe.

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