Everyday ways to save during the credit crunch

August 27th, 2008

At the moment there are articles every day on how to ride the credit crunch and some of the tips are really good. If we take just some of them on board, not only would we ride the credit crunch, but we could change our way of thinking and have a healthier bank balance and mind frame going forward.

An article on The Times website lists 50 ways in which you can save money. Some are a little unrealistic like making your own make up and beauty treatments, but some are quite practical. For example, if you have a spare room then you may think about getting a lodger, cutting back on non-essentials and putting your spare change in a piggy bank. They say that if you look after the pennies then the pounds look after themselves.

You could also learn more about your car so that you can check your own tyre pressure, check your oil and change light bulbs. You could even go as far as learning more about the engine of the car so that you don’t have to visit garages when the spark plugs need to be changed. You can also be more efficient with your driving helping you to reduce running costs of your car. A report in The Telegraph today states that more and more people are choosing to leave their cars at home, and those that are driving are slowing down to reduce fuel consumption.

Don’t forget to also shop around for all your insurance products from your car insurance, home insurance, travel insurance though to your pet insurance.

It’s amazing how much you can save by shopping around. If you are a woman, don’t be fooled by women-only insurance companies that claim that they can give you a better price. Research has shown that you could be paying over the odds.

Entry Filed under: Finances, advice, insurance