Even if you’re not planning a car loan in Niagara-on-the-Lake, living within your means is a sensible approach to life, as well as personal finance. It saves the headaches, saves the overdrafts and saves having to dig yourself out of debt.
While some methods of living within your means can be painful, there are at least five easy ways to save money that won’t impact your way of life too much.
Save on energy bills
Energy bills take up a significant portion of our income so making even a small saving here can be well worth the effort. You could start small by switching to efficient lightbulbs or turning appliances off instead of leaving them in standby.
You could also go further by using laundry lines or racks instead of the dryer or turning the heating down just 1 degree. That last one may take a little getting used to but you’ll be surprised at how little you’ll feel it after a while and just how much you could save!
Work out at home
Gym membership can be quite expensive. If you’re one of the few who actually uses their membership, you don’t really have to. You can work out at home, before or after work and save a couple of thousand dollars a year.
Go for a brisk walk before or after work. Walk or run the dog. Get some weights and use at home, or better still, use bodyweight exercises to help build strength.
DIY not PSE
Another way to save money is to do small jobs yourself rather than Pay Someone Else. While it takes time, tools and a little skill, you not only save money, you learn new things too.
Start small and gradually work you way up to more complex jobs and you could save a lot of money!
Buy less but better
It may seem counterintuitive at first, but buying quality and spending a little more can save money in the long run. We are all used to disposable fashion and clothing that lasts a few months before falling apart.
Change that by buying quality and keeping it for longer. Spend your money carefully and while you will pay more up front, you will find you have to replace quality items far less often.
Do you know the best time to shop for winter gear? Spring or summer. The best time to shop for a convertible? Fall or winter. Shopping before or after the primary season for the product could save big.
Shop after the season to make savings on old stock. Shop before the season to be prepared before the price hikes.
Using any or all of these ideas not only make financial sense, they can also help you prepare for a car loan in Niagara-on-the-Lake or help you recover from bad debt. It’s unlikely you will notice any impact on your way of life either so it’s a win win!
For those of you who know that you have a challenging credit situation, please visit Dixie Auto Loans where we have a team of credit specialists ready to help you get approved for a car loan in Niagara-on-the-Lake today!