Owens Seven Savvy Secrets To Saving Money
January 29th, 2010 | 
Author: Owens Seven Savvy Secrets To Saving Money
1. Have a review of your outgoings
Check your bank statement for unnecessary direct debits. You may have set something up when you were feeling flush or felt pressured to sign up for some benefit that you have seen no sign of. Cancel anything that you dont need or see a benefit from this doesnt apply to all insurance policies! Ensure you have adequate cover for your assets but dont waste money on the unnecessary.
2. Review daytoday spending
You could make significant savings by adjusting your spending habits slightly taking a packed lunch instead of buying a sandwich every day will reduce your outgoings each month and buying supermarkets own versions of the classic Indian and Chinese takeaways on a Saturday night demonstrate much better value than calling your local delivery service.
3. Protect your credit rating
Banks and building societies are becoming more selective about who they will lend to. That means you need to make sure your credit rating is as good as it can be in order to maximise your chances of having a credit application accepted. Dont make unnecessary loan applications as repeated rejections will be listed ensure that you pay bills on time to avoid both late charges and being listed as a bad payer and dont borrow money as a quickfix. For 2 you can view your credit record so that you know your position. Visit www.experian.co.uk
4. Shop around for different energy suppliers
Its staggering but more than 60 of people have never shopped around for a different energy provider. Its quick and its simple nowadays and people could cut their bills by around 250 a year Even higher in some cases. We all know how the utilitiy companies have been putting up their charges recently so its more important for ever to be switched on to this. Complacency can literally carry a high price.
5. Reduce energy consumption
As well as switching to a cheaper tariff be mindful of wasting energy and paying the price. Simple steps such as turning televisions and computers off rather than leaving them on standby using energy efficient light bulbs and doing your washing at 30 degrees instead of 40 degrees could reduce your energy costs further.
6. Drive your fuel cost down
Petrol and diesel costs have been a huge hot potato in recent months so any opportunity to reduce them should be grabbed with both hands. Check your tyre pressure underinflated tyres force your car to work harder and use more fuel. Remove excess clutter from your car the heavier the load the more fuel you burn so dont lug bags and boxes around if you dont need them. Curb your inner boyracer revving your car like a Formula 1 car wastes fuel the only place youll get to faster is the fuel pumps.
7. Compare insurance quotes
The vast majority of consumers renew their home or motor insurance with the same provider year after year. Insurance is a massively competitive industry now; so take the time to do your research. Be sure that the policies youre comparing include all of the benefits you want from your insurer before you opt for the cheapest. Cheapest is not necessarily the best for you and if you pay the price in excesses or courtesy car costs your bargain deal will turn out to be a false economy in the event of an accident.
To see more financial advice visit http://www.askowen.co.uk
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