Sometimes in life, you need to make small sacrifices to achieve your big goals. This is especially true when dealing with your finances, and you must not forget it.
Having already detailed how you can save money in 2020, it’s time to focus on the cutbacks. Selecting the sacrifices that won’t actually bring negativity to your world is the best option by far. Here are five key examples that may seem like a disaster in advance but will feel fine once you have passed the initial transition.
1| Buying A Used Car
Most drivers dream about driving a luxury brand new vehicle. When you consider the depreciation, though, it makes sense to buy a used car. Your money will work a lot harder, especially when using Vauxhall used car deals to your advantage. As long as the vehicle is reliable, the used marketplace can work wonders. Besides, you can always upgrade and adapt the vehicle to suit your personal needs.
Besides, the excitement of driving a brand new car fades very quickly indeed.
2| Expensive Entertainment Packages
We all need home entertainment facilities, and we all want a smartphone too. However, overspending on these items is a very common issue in modern life. Losing premium TV channels in favour of an on-demand service can save you a significant sum each year. This can be supported by cutting out phone tariff features or reducing the broadband deal to suit the service you receive.
Honestly, you won’t even notice the changes.
3| Losing Your Trip To The Coffee House
Millions of workers find that they need a morning coffee to get them through the day. However, most overlook the fact that £4 on a drink each weekday equates to over £1,000 per year. Given that you can create an equally tasty drink with a Kenco home coffee machine, it might be better to take your own drink to work each day. Upgrade your travel mug to a flask, and you’ll be set for the entire day.
It saves the hassle of spending 10 minutes in the coffee house line each morning too.
4| Quitting Cigarettes
Nobody should feel forced to give up something they love, unless it causes harm. Even if you enjoy smoking, the damage it causes to your body isn’t worthwhile. Besides, with prices rising every year, it now costs a small fortune to boast a 20-a-day habit. Whether you seek counselling, use vaping to ween yourself off, or find another solution doesn’t matter. Kicking the habit to touch will seriously enhance your life.
It may take a few weeks to see the benefits. Once you do, though, it’ll pay dividends.
5| Lending Money
If there’s one thing worse than wasting money on yourself, it’s wasting money on others. Sadly, friends and relatives may take advantage of your good nature. Learning to say no with this advice can make a world of difference. Either your loved ones will respect that you have your own financial commitments to consider. Or you’ll realise that they weren’t quite as close to you as was once thought.
Either way, it has to be a better outcome than the current situation. Win-win.