Ten Ways to Save Money Without Realising It
#10 Fix Wear And Tear On Your Home
If you have a mortgage, it may be your biggest investment, so it makes sense to keep your property in shape.
Regardless if you live in the property or lease it. Don’t let repairs linger; the longer you wait to fix something, the more expensive it may become.
While there can be dangers in over-renovating in a given neighbourhood, the risk of letting the thing run to rack and ruin applies whether you live in a studio apartment or a 10-room mansion.
#9 Maximise Your Credit Card Rewards
We pay for more and more stuff with plastic these days, so why not get the maximum amount of rewards when you do?
While we’d always advise using a debit card when you can, if you regularly pay off your credit card before the due date each month, you can stack up considerable benefits.
Check out this site to compare cards Compare
#8 Find Unclaimed Money In Your Name
It may sound like the least convincing scam ever pulled, but you may actually have unclaimed money that belongs to you out there, just waiting for you to grab it.
It may be super money from an old job, forgotten bank accounts, or unpaid wages.
Check out the comprehensive set of search toolson the government MoneySmart site to get started.
#7 Avoid Food In Your Kitchen Going Bad
It can be hard to judge exactly how much food you’ll eat in the next week or month, but when food spoils, that’s money down the drain.
#6 Don’t Pay Too Much For Your Phone Plan
Your phone plan may claim to offer you hundreds of dollars in credit, but do you actually use it?
Conversely, you may be paying for an unlimited plan when in reality you could get away with a cheaper deal.
Keep a diary and note how much you actually use your phone to work out if you’re paying too much, or would be better off with a different kind of plan.
#5 Hunt Down Bargains
Online shopping makes it easier than ever to find the best price for the goods you want.
Don’t just settle for buying at the first location you find; do your research and save a fortune, so go find Online bargains.
When you’re at a shopping centre, check prices online and then see if you can negotiate a deal with the store. It won’t always work, but you won’t know if you don’t ask.
No one likes negotiating, but with the right preparation, you can make the whole process a lot easier — and get a lot more for your money.
In fact, researchers found that the average new hire could lose out on thousands in the long run, just by not negotiating their salary on that first job.
There are a number of negotiation methods that work well in different situations, so check out Negotiate Lower Prices in Any Situation.
You might be surprised how much you let go down the drain before you put in a little effort.
#3 Don’t Fall For Tech Myths
It’s amazing how much tech companies try to squeeze out of you when you go to buy a new computer. “Oh, don’t buy that one, it’s six months old…buy this new one!”.
“O, you should get an extended warranty for an extra $200.” “Here, this $40 HDMI cable should suit your needs.”
These sales tactics lead to quite a few myths, such as the claim that new products are somehow better than refurbished products, or that expensive cables will get you a better picture on your TV. If you buy a lot of technology — and if you’re anything like us, you do — you can save quite a bundle by knowing your stuff before you go into the store.
Check out these common tech myths that cost you money before you buy.
#2 You Don’t Plan Bill Payments
Paying bills late will invariably result in an extra charge. Paying bills by credit card often incurs a fee you can avoid with a direct debit.
Organise your finances and you’ll have extra money to spare, whether that’s to further cut debt or to indulge occasionally.
#1 Don’t Overdo it To Save Money
Wait, what? That’s right: Sometimes, trying to save money can actually be counter-productive.
For example, some people avoid regular checkups with the doctor or dentist, but then end up having to go in and pay much more for all the things they neglected.
Maybe you take store credit card offers and pay the minimum every month, or maybe you do your own taxes and miss out on some pretty big deductions.
That’s not to say saving money is a bad thing — it’s just important to pay attention to where all of your money is going, and that you aren’t shooting yourself in the foot with a strategy you’re using to “save” cash.
If you are interested in the area or would like to know more about living on the Mornington Peninsula. Please feel free to contact our office Click Here for Details.
If you are interested in the Real Estate Market and want to find out the prices of recently sold properties, you can download our FREE report HERE.
You can also review our current listings