How Being Financially Savvy Will Get You Ahead

July 31, 2020

Part of growing up involves standing up on your own two pursestrings. You have to start becoming financially independent and learning how to both, save and make money. You’ll begin by seeking out your own car, trying to find the best insurance. Then you’ll want to know how to save money on your first apartment and living by yourself, alongside budgeting so you can go on holiday every year. With the proper technique and knowledge this can be a simple task. So listen up!

The right car and the right insurance

We have all dreamed about the car we really want, right? However, when starting out other factors come into play – including budget, but more importantly, safety. However annoying, car insurance is probably going to be more than the price of a ‘normal’ car. Therefore, it limits the options available, with the priority instead to purchase a small 3-door car and focus on getting the best comp car insurance. This company can get your car insurance that is near £100 a year. Consider all your options by exploring their ‘get a quote’ feature. You don’t even have to own the car to give an accurate estimate so keep browsing and checking how much the insurance would be before buying.

Finding the right apartment

Planning for an apartment takes years, and there are some key tips to follow:

  • Don’t be a smoker! The bottom line is tenants who don’t smoke, end up paying less. Homes that allow smoking will always charge you more.
  • Don’t move into the city. Even if you get a job in the city, don’t move into the heart of it. The prices are sometimes three times as much as in a suburban area. Wake up early and get local transport. Just watch how much you save!
  • Be willing to make the most of it. Space is going to be somewhat small, but if you go for the minimalist interior style, you can live quite comfortably and pay less for the room.
  • If you do decide to outsource redecorating for example, it is worth pro and conning different companies, specifically when understanding the services they offer within the quote.

Buy cheap essentials

Living by yourself shouldn’t be so expensive but the cost of living has consistently gone up every year. This is because governments target 2% of inflation naturally brings the cost of the basics up. So, make sure that you are shopping for ‘essentials’ first before any other treats. Bread, milk, pasta, cheese, cereals and butter, are all on the basics list. Supermarkets have their own store brand which is far cheaper. Make sure you get bread and pasta before losing your shopping cart with alcohol!

Start looking for a cheap car with cheap insurance but make sure you do it at the same time using a ‘find a quote’ system. Don’t be dazzled by the bright lights of cities, it’s far too expensive at this stage in your life. Eat cheap and cheerful and save up for a holiday!

*This is a collaborative post*

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