Making yourself poorer?
Making yourself poorer?
Making yourself poorer?
By Orall Cornelius
There was a lot of talk about the poor in the 2019 UK election. But are you making yourself poorer?
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:
I try not to make myself poorer by:
1. Changing utilities for cheaper deals
1. Changing utilities for cheaper deals
Periodically I check broadband, mobile & energy to make sure I’m not giving away money I could use myself. My mobile bill = £7.
Periodically I check broadband, mobile & energy to make sure I’m not giving away money I could use myself. My mobile bill = £7.
2. Online grocery shopping at Asda
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.
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
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.
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
4. Making my lunch
Example: pasta with sauce (from ASDA obviously) costs less than £1. Eating out is £5 plus.
Example: pasta with sauce (from ASDA obviously) costs less than £1. Eating out is £5 plus.
5. Remortgaging
5. Remortgaging
Hopefully you’re on a 2 year special deal or some other low rate (2% or less).
Hopefully you’re on a 2 year special deal or some other low rate (2% or less).
6. Not Eating Out
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.
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
7. Booking holidays early
About 4-6 months. I get the best prices; also more likely to get authorisation from work.
About 4-6 months. I get the best prices; also more likely to get authorisation from work.
8. Not buying stupid stuff
8. Not buying stupid stuff
I earned it: they need to give me a good reason for spending it, every time.
I earned it: they need to give me a good reason for spending it, every time.
9. Overpaying my mortgage
9. Overpaying my mortgage
I don’t pay back double what I borrowed.
I don’t pay back double what I borrowed.
10. Putting money aside
10. Putting money aside
I don’t have to borrow at high rates or find myself stuck when I need money.
I don’t have to borrow at high rates or find myself stuck when I need money.
Well then, are you making yourself poorer?
Well then, are you making yourself poorer?