Article Treasure Cove

If you are looking for some quick and easy ways to save some cash this year, then here are a few tips of simple money saving pointers that you might like to consider.

Gym Membership
Do you have one? Do you really use it? As much as you should do for the amount you spend??? Well, if you have taken out a gym membership a while ago intending to use frequently it at some point in the near future, then you could be paying out hundreds each and every year for nothing. Maybe cancelling the gym membership and instead going for an outdoor bike ride, a long walk or even a run along quiet, but safe, roads or just a swim down at your local pool? This alone could save you a few hundred each year and more if you are paying for yourself and maybe your partner.

Paid For TV
Do you really need 1001 channels? Do you watch the infamous Owl TV, as the advert says? Would the standard limited choice of terrestrial channels suffice to keep you entertained? Look at how much you are paying for channels you don’t watch or could do without. Even for a standard TV package the price could be a couple of hundred per year on channels you don’t really need. Add onto that a selection of movies packages, sports, news channels and the likes and your annual TV bill could easily be running into the hundreds. Could you drop some, or even all of these extra channels and rely instead on just the watching the free to view channels, just for this year? Consider all of those unnecessary channels that you don’t really need as an unessential luxury. If you are looking for ways to save cash quickly, then there’s a quick and easy way.

Review Your Borrowing
How much have you currently got borrowed in your mortgage and what it’s costing you and with the recent collapse in mortgage interest rates is your mortgage serving you as best it can? Have a word with a local mortgage broker who can understand and review your personal financial circumstances and ask them to compare mortgage rates for you. Is the current mortgage deal you are on the best and what would it cost to move to something cheaper on the market? It may be cheaper to stay put if you have high exit penalty charges, but if there aren’t penalty fee or they aren’t too great, then you might save yourself a tidy sum by moving. When your mortgage advisor compares top mortgage rates for you, they should also be able to tell you how much it will cost to move to a cheaper mortgage.

That’s just three simple ideas to save you potentially hundreds per year and there’s more along the same lines. If you find over the next year that your personal finances are changing for the better, then renew the gym membership and the paid for TV. But if you want to save some money in the short term, then you can start saving straight away.

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