Saving money is something that the majority of us want to do and aim to do. Having savings behind you can significantly improve your quality of life. It can mean you can afford more luxuries and to do the things that you want to do. But saving on a day to day basis can be pretty difficult. The price of living is on the rise, while the majority of us aren’t seeing any increase in our salaries. This means that we have less disposable income and consequently fork out more of our earnings on essentials rather than the things that make working feel really worth it. The good news is that there are ways you can save money and implementing them into your lifestyle can see your savings drastically increase. Here are a few different areas you might want to consider focusing on.
Saving Money on a Day to Day Basis
Cut Health Insurance Costs
More of us are turning to private health insurance. This can be great for your health, but negative for your bank account. Make sure to compare the best health insurance companies and opt for one that has a low cost! You will want to read reviews too to make sure that the insurance you choose covers everything you want it to, but overall this is a simple and straight forward to save on what some people are now considering an essential cost. Of course, NHS treatment is free – this could help you save even more!
Saving On Your Car Insurance
If you’re going to drive on public roads, car insurance is an absolute essential. Many of us rely on our cars to get to work, do our shopping, drop our kids off and pick them up from school and more. It’s not an area you can cut out, because it’s a legal requirement. But the good news is that there are a few tips and tricks that can reduce your overall policy costs.
Add a More Experienced Driver to Your Policy
When you first take out your policy, or when you renew your policy, you should seriously consider adding a more experienced drive to your policy. Of course, you will have to ask this individual’s permission before doing this. However, adding an experienced driver as a named driver on your policy will significantly cut the price you pay overall. Even if you want your car to be solely for your own use, allowing another driver to use your vehicle every once in a while can seriously reduce your quote. This is a really simple way to save.
Park in a Garage
If you don’t have a garage or aren’t willing to rent a cheap garage, this step might not be an option. But it’s well known that insurance companies will consider vehicles parked on the street to be at a much higher risk of problems that will require payouts than vehicles that are safely stored away in a secure location like a garage. When you leave your car parked on the street, it’s open to all sorts of threats. This can include damage by other individuals – whether this is criminals purposefully vandalising your vehicle or other road users accidentally bumping into it. It will also be more exposed to the elements, such as wind blowing trees onto your car, hail creating aesthetic damage or smashing windows, and more. If you have access to a driveway or garage, make sure that your insurance company is aware of this secure parking option you have available to you. They are likely to significantly reduce the cost of your overall policy.
Agree to Having a Black Box Installed
So many people are reluctant to have a black box installed in their vehicle and for little reason. A black box is simply a small device that monitors your driving behaviour when you’re out on the road. If your black box shows that you’re a reliable and responsible driver who sticks to speed limits, your insurance company will trust you more and be aware you’re less likely to have an accident. They will reward you with a lower quote. The black box makes no difference to your car, so you should have one and simply drive responsibly as you should anyway.
As you can see, saving money really doesn’t have to be difficult. These are just a few simple ways to save. Incorporate them into your lifestyle and you’ll have more disposable money before you know it!