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9 (and a half) ways to help you & your finances

We can all benefit from the extra cash at the end of every month. Sometimes if you have the extra bill to pay which you didn’t anticipate, you can feel the pinch. While we are still waiting for it to grow on trees, here is a list of ways you could take on board that just might save you some extra money every month.

1.Start with a list -You might of thought this out, but try to stop storing your finances in your head. If you’re not a pencil and paper person, then you could try keeping a spreadsheet on your computer and filling it out regularly. There are good examples on about.com. You can also find free money management sites to sign up for free. Some may offer you a free trial, so look out for this, it’s worth a try. If you do prefer to track your finances, consider using a hard copy and keeping it somewhere visual you will automatically see each day. We might not realise it, but most of us may spend money daily and so the amount can tally up.

Potential Savings: Endless

2. Save loose change It worth thinking about saving those loonies, twoonies and quarters as after breaking into 10 & 20 dollar bill you could soon accumulate enough money to pay another bill or treat yourself.

Potential Savings: $12 a month

3. Sell unwanted gifts and gadgetsWith your birthday and Christmas twice a year you can soon rack up gifts you kindly received, but don’t know what to do with them? Anything that is boxed and unused can have some serious value to them roughly 50% of the RRP value.  By doing your homework and finding out the resale price could help you stay in check, making sure you can get the best price possible. Carry out some website research and visit auction sites.

Potential Savings: $5-$15 per item

4. Move your money– Banks are very keen to have your business and will use incentives to attract your attention. There are different tiers from opening a savings account to those that depend on a fixed income. If you have a pension, comparison sites like the Pension Bureau can help find the best ways to achieve good pension rates.

Potential Savings: $8- $120

5. Cashback sitesThere are plenty of cash back websites available. All sites offer fantastic savings to some of the best and well known high street shops and online in the retail industry. Have a list ready of where you shop on a regular occasion and jot down which you consider are the best offers. You need to accumulate a cash pot first before it can be released to your bank. So make sure you sign up to the website you will be able to utilise the most frequently to tally up those dollars.

Potential Savings: $42 before release

6. Learn to pay less for foodAs a nation we struggle to eat home cooked food. Home cooked food can go a long way and can be far more cost effective to make for a family. Check online for price comparisons on your regular buys by spending the time to check could save you pounds in the long run as you find cheaper alternatives and make a more permanent switch. Buy basic supermarket brands for stable foods. Research suggests that the only real difference on lower end products is the packaging. For goods such as eggs, flour, salt etc they all add up.

Potential Savings: $8 per visit

7. Try to cook– There are a host of online blogs that can help you save towards those pounds. These blogs are great as they contain recipes to using all those fridge and cupboard let over’s. What ingredients you do require, maybe minimal and will dramatically cut the cost your weekly shops.

Potential Savings: $20 per week

8. Swap your console games – Get together with your friends and family and ask them to bring a long their used and unwanted console games. Swapping what you don’t want means you get the chance to enjoy new games absolutely free. Make sure that you are all in a group agreement about what the rules of swapping will be.

Potential Savings: $25.00 – $40.00 a game

9. Get your friends and family involved– By talking to your friends and family about your goals, they are much more likely to support you and help keep you on track.

Potential Savings: Free

9.5 Get creative – Do you have a talent, good at art or crafts? Well people are always looking for new and interesting gifts for special times of the year. Maybe you bake. Think about what you could offer? How much will it cost you and what could you make as a profit. Think about a brand name that represents you and your talent. Once you get a few sales it could turn into something good.

Potential earning: $20

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