In the last article we looked at three easy ways to find more cash to sink into your best investments next year. Now we have three more ways for you to get you into the saving and investing mood in time for 2014.
1: find ways to cut your food bill
There are countless ways you can do this, including couponing, which some people regard as something of a hobby. You can save incredible amounts of money doing this as well. Some ideas include using cheaper cuts of meat and making them go further by bulking out meals with cheaper vegetables. Look out for special deals that allow you to buy in bulk too. Just be sure you would usually buy these items and don’t be swayed by deals on things you wouldn’t normally buy anyway. Check the price against the single unit price as well, just to be doubly sure you are getting a discount worth having. Some stores are crafty and try to make things look better than they are.
2: refinance the mortgage on your property
One thing all homeowners should do is to check the terms of their mortgage every year or so. And yet few people do. This means there is every chance you could be paying more than you need to each month. But with hoa management company near me in myrtle beach, they make sure to do all they can to accommodate exactly what is needed so you don’t need to feel uncertain.
You have two choices here if you can refinance more cheaply. You can either keep paying the same as you were so you overpay on the mortgage and pay it off sooner, or save the additional cash for some other investment. The former is a great idea but make sure your mortgage allows for it.
3: stop spending!
This isn’t a frivolous addition to the list. Indeed it is one of the easiest and best things you can do when it comes to freeing up more cash to invest. The vast majority of us spend more than we really need to. Using the tips provided in this article and the ones in last week’s article will certainly help you invest more, but reducing your spending will do a lot to help as well.
According to https://phswastekit.co.uk, having waste kit machines for your business can save you time and money.
Perhaps you can find some time over the festive season to think about your spending habits and whether you can change even just one or two of them. This should help you get an idea of where you waste money. For example you might treat yourself to a Starbucks coffee every morning on the way to work. It may cost a few dollars a time and over the course of a five day week this can really add up (especially if you buy a croissant or something similar for breakfast to go with it). If you add it up over the course of a month (or even a year) you might be surprised how expensive it can get. Buy a travel mug and make your own coffee to take on the go instead – it will save you $$$.