Here’s this week’s installment of money saving tips from the people who know best – thank you to those involved.
Multimillionaire Road replied to a comment I made on his blog about how to save when you’re just not that good at it. His advice was that every time you get paid, have the money taken out of your current account and put into a savings account you can’t touch. This drowns out the voice in the back of your head that tells you to buy things impulsively – as you know there’s less money to spend. Think I might have to follow your advice on that one.
Your Finances Simplified tells us to always ask for a discount if paying annually, which is often true with auto and life insurance – and pretty much all kinds of insurance. I’d probably take it further than that and say even if you’re paying quarterly, you ask for money off – especially if you’re paying the lot up front.
Travis at Care on Credit has kindly suggested that you should always wait seven days before making any non essential purchases. This is a great tip for anyone who gets impulsive with their money – there’s a good chance that after a week, you wont want it anymore.
Pennywise Penny gives a tip for the ladies (and male musicians) – don’t overpump your mascara every time you use it. You’re letting in air and shortening its life. I can’t say I’ve had experience with this before, but I trust Penny’s input – thanks Penny!
Save the Student – gives saving advice on your food shopping. Always try supermarket own brands and see how much it saves you in a month. Choose the ones you like and stick with them. Again, some excellent advice here. I’ve been a fan of own brands for a while. Usually, you can’t really taste the difference. And sometimes, they actually taste better. You can pick supermarket own brands up for as much as half price. If you really want to save some serious money though, go for the basic brands. Although not necessarily the best quality of food, you can pick up things like a tin of soup for around 20p in some places.
Rob from Self Employed Investor – has emailed us with his tip. Basically every time you think to yourself that you’ve worked hard and you need a treat, try to remind yourself why you’re saving and keep that goal in mind. The long term benefits of your goal far outweigh the temporary high of something you treat yourself to.
So there you go! Once again, a great mixture of tips and advice from all our friends on the personal finance blogosphere. I’d like to thank everyone involved, and let everyone know that if you want to be involved next week, just send us an email or speak to us on Twitter. You can also leave a comment and if it fits in, I’ll put you in next week.
Have a good weekend!