There was a lot of talk about the poor in the 2019 UK election. But are you making yourself poorer?
I try not to make myself poorer by:
1. Changing utilities every year
Periodically I check broadband, mobile & energy to make sure I’m not giving away money I could use myself. My mobile bill = £5 p/m.
2. Online grocery shopping at Asda
If you’re not shopping online you’re probably buying things you don’t need at the worst prices.
3. Paying less for public transport
I work in Shoreditch zone 1. Travel costs £3.60. If I get off at Whitechapel it’s zone 2 and costs me £2.40. I’ve been doing that every day for years. It adds up.
4. Making my lunch
Example: pasta with sauce (from ASDA obviously) costs less than £1. Eating out is £5 plus.
I hope you’re on a 2 year special deal or some other low rate (2% or less).
6. Not Eating Out
If I do it’s fast casual (e.g. Nandos). My worst spending months are when I eat out a lot.
7. Booking holidays early
About 4-6 months. I get the best prices. I’m also more likely to get authorisation.
8. Not buying stupid stuff
I earned it: they need to give me a good reason for spending it, every time.
9. Overpaying my mortgage
I don’t pay back double what I borrowed.
10. Putting money aside
I don’t have to borrow at high rates when I need money.
Well then, are you making yourself poorer?