Simon is a dedicated Debt Management and IVA specialist, with over 5 years experience.
1. Say No to more Credit and Store cards!
Did you know that the more cards you have the more likely you are to suffer from financial problems? Gone are the days when a credit or store card was a symbol of exclusivity, now they are practically throwing them at you. It’s easy to be lured in by promises of discounts, loyalty clubs and special introduction rates, but remember these rates usually go up. Shop around to find the best credit card deal and limit the amount you have.
2. Don’t keep up with the Joneses!
In such a consumer-based lifestyle, don’t get caught up in the mentality that you ’need’ the latest mobile phone, label brand clothes, and flashy car - you don’t. Distinguish your ’want’ from your ’need’ and adopt a less is more mentality with your purchases.
3. Around the House
Look at your general household bills to make small changes in your everyday life. Did you know 10% of your household electricity bill is from appliances kept on ’standby’ mode? Reacquaint yourself with simple tricks like using less heating and layering up on rugs and clothes instead.
4. Social Life Expenses
You can still see your friends while cutting down your expenses. Look at how much money you spend while socialising with your friends. Cut down on things like restaurant meals, movies and going out for drinks by inviting your friends and family over a cheap home cooked meal instead. Avoid buying rounds when you go out in groups and just buy your own drinks so you don’t end up coming home with an empty wallet.
5. Shop Around
Shopping around can be time consuming, but can also save you a lot of money. You can cut down your expenses by shopping around in everyday life as well as for larger purchases. If you are renting this could be a good time to shop around for cheaper accommodation. From food to insurance to aeroplane flights, there is room to save money just by spending more time looking for the best deal.
- Related Articles
- Related Q&A
- Own a Bike Through Easy to Repay Personal Bike Finance
- Personal Car Finance: Now Buy your Car at Very Low Rates
- Personal Vehicle Finance - an Easy Way of Drive
- Secured Personal Loan Finance: Mend You Staggering Finance
- Personal Vehicle Finance Uk: Procure Fund for Your Dream Car
- Easy Personal Car Finance: Paves Fund Gap at Your Deal
- Easy Personal Car Finance: be a Proud Car Owner Now
- Personal Vehicle Finance Uk: Void the Barrier of Price Hurdle




Government Grants to Pay Bills
By: Matthew Karson | 12/11/2009With this recession hitting families hard, many are finding it tougher to pay their bills. But there are governments to pay bills available to those who find, qualify, and apply for them.
What is a Good Credit Score?
By: Jake Barnes | 12/11/2009Credit scores are the most critical factor in determining your ability to obtain credit…but what is a good credit score?
Identify Theft: Consumer Beware
By: John Chase | 12/11/2009One of the biggest threats to personal safety in the digital age is identity theft.
How To Sell Ebooks
By: Steve Gillman | 12/11/2009A look at how to sell ebooks, based on the author's experience.
Savings rates provide food for thought
By: Graeme Knights | 12/11/2009What are you doing with your spare cash at the moment? Perhaps you’re still spending, doing your bit to get the economy going again. Or has the downturn seen you take a more circumspect view of your finances, either through necessity or choice, and perhaps to think about putting some money away for the future.
Personal finance software helps save money
By: Krish Sharma | 12/11/2009Managing your money can take up a lot of your time and also require you to do repetitive and tedious tasks.
Tips To Obtain Personal Loans Poor Credit Options In A Hassle Free Manner
By: Alan Lim | 12/11/2009For those who all are caught by the ill effects of slower economy and possess lower credit ratings, personal loans poor credit are the most prominent approach to meet all their financial requirements.
Stop Worrying About Your Bad Credit History And Get Personal Loans For Poor Credit
By: Alan Lim | 12/11/2009In case you have a bad credit history and are in need of financial assistance, you can feel relieved as you can get personal loans for poor credit.
Iva Questions
By: Simon West | 27/05/2008 | Debt ConsolidationThis is a list of some of the most frequent IVA based questions the FinSu specialists receive, please use them as a guide your individual experience may be different depending on you current situation.
Iva Vs. Bankruptcy: Which One is Best for Me?
By: Simon West | 27/05/2008 | Debt ConsolidationWhen faced with insolvency, you need to know all your options. All debt solutions have advantages and positives, so how do you decide which process is going to be better for you? Here a few differences between IVA and bankruptcy.
Escape Debt
By: Simon West | 27/05/2008 | Debt ConsolidationDebt can be a de-motivating factor in a person’s life that can stop you from getting a good night’s sleep. It doesn’t mean that debt should be never ending spiral. There are several methods to escape from debt. Here are some important starting points towards Reducing Debt.