Mobile phones are not cheap these days. Not only do you have to pay for the device itself, but in order to use it, you have to pay for a data plan from the mobile company. Having a mobile device has become so expensive that mobile carriers will now sometimes use your credit score to ensure that you are able to pay it back. What’s worse is that these devices are not getting any cheaper, and it is becoming harder and harder to not own one. Practically everyone has a mobile device, and they are needed if you want to keep in touch with people or need to perform certain job tasks on the go. If you are tired of spending so much money on one of these devices, there are a few things you can do so save yourself some money.
- Buy a used phone – A new device is very expensive. To save yourself some money, you can get a phone that is slightly used but still in working condition. There are plenty of stores and places online that you can purchase used phones, and once you have one, you can simply activate it on your mobile plan. Be careful though and make sure that you are getting your phone from a reputable place, and make sure you know what their return policy is. You don’t want to spend money on a phone and then realize it doesn’t work properly.
- Buy an older model phone – When a new model phone is released, the older models tend to drop in price. Best of all, between one model and the one that comes out right after it, there are usually not too many differences. You can save a lot of money by getting a phone that came out last year, and you won’t be missing out on too many of the features.
- Take advantage of discounts and promotions – Many mobile carriers will offer discounts and special promotions throughout the year. Some will even give you a free phone if you have been with them for a period of time. Find out what kind of offers your current carrier has, and see if you can take advantage of them. If your carrier doesn’t have any deals that you like, shop around at other carriers and consider making a switch.
- Get a cheaper mobile plan – There are a lot of different types of mobile plans out there, and they all have different costs. If you don’t use that much data each month, or if you are usually connected to WiFi, you can get a mobile plan that has the bare minimum data usage on it. The more data usage you have, the larger your bill is going to be. You can also sign up for a Sim Only plan. With these types of plans you get access to the mobile network, but you provide your own phone. You can then purchase a used phone like we mention earlier, or you can continue to use your old device. These devices are typically a lot cheaper than normal mobile plans.
- Look at different carriers – There are a lot of different mobile carriers out there, and each one of them offers different types of mobile plans that vary in price. The one you currently have may not be the best fit for you. Think about what your needs are and see if there is a mobile carrier that offers a plan that suits it. You can save a good deal of money by getting a plan that fits you, since you won’t be spending money on extra things you don’t need. If you are in the middle of a contract with another carrier however, make sure there are no penalties to switching out early before you sign anything else.
Hopefully with this advice you can save yourself some money on your mobile bill each month. There are a lot of different ways to save money, from your device to your plan, and you just have to find the thing that works best for you. Don’t accept that your bill can’t go any lower until you have done a throughout amount of research and tried a few of the tips above. Good luck!
If you’re like most women and some men, the holiday season is probably one of your favorite times of the year. But at the same time, it may also be one of the most stressful seasons of the year especially if you haven’t started shopping for your gifts yet.
To survive the holiday rush and the pitfall of busting your budget, below are some of tricks and hacks you can and you should take advantage:
Start with a List
If Santa has a list of the good kids who should receive gifts this Christmas then so should you. Don’t just make any list with names either. When making one, also brainstorm what kind of gifts should you buy for that person. This way, you’ll save time and money when it’s time to hit the mall.
Pay in Cash
When shopping for the holidays, try avoiding using your credit card. You are better paying in cash if you want to save money and steer clear from overspending. Leave your cards behind when you hit mall just to be safe.
Ideally, you should start shopping for gifts as early as you can. A few months before the season should be perfect but a few weeks would do to like right now. Don’t wait until the first day of December before you start shopping for gifts.
If you can’t hit the malls because of your busy schedule, you can always opt to shop online. You can do it from the comforts of home during your free time. There’s no need to compete with the crowd anymore. You can also save some money if you avail of combined shipping most online stores offer their customers.
Make Your Gifts
If you’re the artistic type and you want more personalized gifts for your loved ones then might as well make your gifts from scratch. It doesn’t have to be gaudy or expensive. Even as simple as a card or some special token should do and convey the message that you loved them.
Be Wary of Sales
Sales are rampant during the holiday season and they’re good for our pockets but only to a point. Our minds are wired in a way that we think we save money with sales. That’s true but again only to a point. Whether there are sales or not, the most important thing when shopping for the holidays is to stick with your set budget.
We have barely two months before the year comes to a close. You may have committed a financial blunder or two along the way. But it isn’t too late yet to save more money for 2014. Below are some of the best strategies you can take advantage if you want to put your finances in a good place before 2015 starts:
Anytime is always the best time to pay down your debt. Before you get sucked up by the holiday spirit, it is a wise financial move to take care of your debt before anything else. If you have a huge debt you’ve been putting aside for months, it’s time to do something about it now.
When it comes to finances, you won’t be able to save well and more unless you reduce your liabilities first. Whether it’s a personal loan or a credit card, aim to arrange a set-up that will enable you to pay off those debts eventually.
To save more before this year ends, planning is imperative. If you don’t have a solid financial plan guiding you right now then you’re putting yourself in a difficult spot. Again, it’s never too late to devise a plan. Take a moment to sit down and assess your savings, expenses, liabilities and everything else that affect your current finances.
One of the major money wasters this time of year is holiday shopping. We are all in the mood to shop and give. That’s understandable but can also be dangerous to your finances. To avoid the all too common pitfall of overspending, you are advised to plan ahead in advance. You should know how much you want and can afford to spend for the holiday then stick with it.
Seek for professional help
It’s also never too late to seek for professional help if necessary. In fact, the last few months of the year are a good time to start planning for 2015 ahead of time. Whether you need advice with your debt, investment or anything related to finances, you can end the year right and start off 2015 with a bang if you have a professional advisor guiding you along the way.
Take Care of Taxes
Don’t wait until tax time before you tackle your taxes. Procrastination never does anyone good. While you still have a lot of time now, you might want to start working on your taxes already. By assessing your expenses and tax responsibilities for the upcoming April, you’ll know which areas you can probably tweak and adjust to save more money this 2014.
When it comes to financial matters, many have no clue as to the right choices to make. Well, not all went for financial training thus the difficulty in making the right choices. With a few tricks here, you can be able to make better financial decisions that will help you cut back on banking and insurance expenses.
- You should stay clear off bouncing cheques as well as overdraft fees each month. These usually attract penalty charges that are deducted from your account thus adding up as expenses. Overdrafts usually attract high interest rates and are also items showing that your expenditures exceed your income. Why not has an emergency account instead of taking up overdrafts?
- Reduce your credit card debt limits by a quarter or half. This will see to it that the interest rate you will be charged reduce. At the end of the year, you will find that you have saved much more by reducing the interest you pay to the credit card issuer.
- Make your credit payments on time. This means that you will avoid being charged late payment fees. This will save you a great amount of money at the end of the year.
- When making ATM withdrawals, stick to using those of your bank. The use of ATMs from other banks means that you will be charged an extra amount to make the withdrawal. By the end of the year, making numerous withdrawals will have cost you a large sum of money that you would have used elsewhere.
- Shop around from various insurers before settling on a company for your car or home insurance. Compare the prices to the terms of each insurer. Select the one that offers value for money as your choicest insurer.
- Assess your needs for things like life insurance before taking it up. If you have adult and independent children and a spouse who is working, you may not really have a need for the insurance thus it acting as a waste of funds. Only take up life insurance when it would make a difference.
- Drop any form of credit insurance cover for an installment loan. If you have sufficient assets to protect yourself in case of unemployment, disability, or death, then you have no need for credit insurance. Doing away with credit insurance when it is not needed reduces expenses by a considerable amount thus enabling you to save more just when you need to.
UK residents who are credit card holders usually spend huge amounts of money on their day to day life in comparison with the money they earn. This keeps them in huge debts that keep running a higher figure year after year. With a growing population and debts running higher, there is a need for individuals to learn how they can cut back on their spending in order to make higher returns. Instead of holding on to cards that attract high interest rates of up to 17% why not take the easiest option out? Cut back on your spending and learn to save for yourself some money.
Here are some of the ways through which you can cut back on your expenses:
- Clear off any expensive credit cards that you are holding on to. In as much as they offer a more convenient ways of paying for goods, remember that they attract interest. You in event pay more than what you would have paid for the goods you purchased in cash. Learn to save money and use your cash to pay for purchases. If you really need to use cards, then why not acquire a prepaid debit card? It will help you spend within your limits.
- Fuels costs are high and they keep rising. You need to cut back on fuel costs. The cost of running two or three family cars at the same time is pretty expensive. Why not learn to share a car as a family. If you are going the same direction, you can drive out as a family with each member in the car dropped off at their convenient place. The less the cars used, the more the funds will be saved on fuel. Use multiple cars only when necessary.
- Cut on the home phone bills by selecting the cheapest offers in home phones. While you may need the telephone, television, and internet access in the home. Be keen as to the service provider you select and the package you take up. You do not need a service that will let you pay for more considering the fact that you spend less time active at home but a lot more time active outside the home. Be wise to choose an alternative that will let you pay for what you really need and use.
- Make a shopping list for every month expenses. This helps to control impulse buying and lets you know the amount you will need for the month on household items as well as groceries. A monthly shopping list will help you allocate the correct amounts for every family need and set aside some money for savings. A shopping list can help you kick out practices of impulse buying.
- Consider visiting the market. You need to get your groceries at a good price. Forget about going to stores that have taken up groceries from the market and hiked the prices. Go to the market yourself and collect what you need for a week and keep it refrigerated.
- Do not always run for designer brands. Many love to get designer items in an attempt to emulate celebrities. Do not forget that these people are given the designer items for free but do not go buying them. You end up losing more running for designer items while those you are emulating do not spend a dime to look like they do.
- Try the DIY techniques. There are many things that you can do by yourself. Instead of calling for technicians to carry out simple repairs which will cost you more, do the repair by yourself if you are sure on what the problem is. You can always find tips on how to do this by yourself online.
- Learn to put limits and how to say no. Do not be tempted to have all the fun in the world just because you can afford it or you have a credit card with huge maximum limits. Set aside a budget and when you have reached the limits, contain yourself. You don’t always have to go for evening drinking sessions and countless movies just because you will be bored at home. Entertainment has its place and this does not mean going out all the time. You can as well have wholesome self entertainment at home.
- Before making a purchase, ask yourself; do I really need this? You may find that you are making numerous purchases that you do not really need in your life. Cutting back on the purchases means that you get to have extra funds left back for saving. If you were to use your credit card, you will have less debt thus lower interests to pay.