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Few of us tend to put money away for emergencies that seem to crop up at the worst possible times. For example, when your car decides to break down or when the boiler packs up, that dreaded feeling of ‘how am I going to pay for this!’ springs to mind. A credit card isn’t always the best route to take as the charges may erupt before you have the chance to make the payment back. The way forward is definitely to make cut backs and save for that rainy day throughout the year. There are many ways that you can save towards that emergency fund without noticing it too much.
Eating in
We could all lose track of how many times we eat out in a month. It is easily done without thinking for convenience purposes and also for something to do. If you add up how much you spend each time you eat out by how many times you do this in the month you may be shocked with the result. Slowly ease yourself out of the habit by starting to cut back on one less time eating out a month, then work out your monthly savings from this. You can then start to cut back a little more once you realise your savings potential. Everyone deserves to go out to eat every now and again, maybe just not every week as it slowly builds up into a big expense. There is the option of trying out your cooking skills at home more often. This could make you a better cook, stay healthy and save you some money all at the same time.
Compare energy prices
Sometimes when the dreaded bills come through the door it is hard to believe the amount that they are asking for. A simple step to take to see if you could save yourself some money on your next bill is to check out the Energy Helpline website. The energy comparison website could have you saving money in minutes as it allows you to compare your current provider package with a wide range of others to determine the best deal for your household requirements.
Phone contract
When you view your bill at the end of each month you may find that you aren’t using all the minutes and text messages that you are paying for within your tariff. It’s worth speaking to your network to see if you could reduce your current tariff to save yourself money each month on unused data. Considering changing your network once your contract is coming to an end could also be an option if you manage to find a better deal elsewhere.
EBay or the local car boot sale
Hording is a common thing in households these days; many people find it hard to part with their possessions even if they are no longer needed. Taking the plunge and either using EBay or the local car boot sale as a way of making money on un-needed goods could well and truly add some extra cash to the emergency fund as well as freeing up some storage space.
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