Archive for transportation

Credit Crunch: A Survivor’s Guide – Bills

Posted in Life..., Personal Finance, Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , on January 7, 2010 by stanleyriiks

The easiest way to save money is to look at your regular outgoings (bills) and see if any of these can be made smaller.

Rent is a difficult one unless you’re willing to move, but downsizing or moving further out-of-town can help. Remember to check to see if commuting costs will increase and whether the cost of moving and the hassle is really worth it. I wouldn’t want saving some rent money to be my prime motivation for moving. Although my sister moved back in with our parents when she was younger for a couple of years to sort out her finance and get herself into a position to buy a house.

Electricity and gas can be easily compared on websites like uswitch.co.uk and www.moneysupermarket.com. You may also be able to save money on your insurance, whether it be home insurance, contents insurance, car insurance, travel insurance, you get the idea… Basically with any kind of insurance you have the potential to save money just by shopping around.

Look at packages of insurance, home and contents together, or annual travel insurance instead of individual holiday insurance if you go away more than once. Never buy the travel-agents insurance as it will probably be the most expensive.

I saved nearly 50% on my annual worldwide travel insurance.

Look at your transport situation. If you travel on public transport, look at travel-cards, Oyster cards, or if you’re lucky enough you might be able to walk to work. I gave up my motorbike and a ten-minute journey to and from work, and instead walk for half an hour there and back. It not only saves me money but it keeps me fit! That’s what I tell myself as I trudge home on a Friday in the pouring rain in the dark on a winter’s evening!