Saving Money Decreases
your Debt!
General Tips to
save you money help with your debt because you
pay less for what you normally use
1. Save
money wherever you can. Some insurance companies
can give you discounts of up to 12 percent if you
pay your premiums annually instead of monthly.
Talk to your broker or Insurer. Savings can be
made on school fees on the same basis.
2. Arrange
for regular monthly current expenses to be paid
by debit orders on your cheque or transmission
account. This is also the cheapest method of
payment, but always makes sure there are
sufficient funds on your debit day.
3. Draw
money only from your own institution’s A.T.M
and make sure to keep withdrawals to a minimum. A
lot of smaller withdrawals amount to more bank
costs. Over a year they can add up to enormous
amounts of wasted money.
4. Pay
accounts as soon as they become due. Interest on
overdue accounts is high, and over a year period
can be crippling to your budget.
5. Shop around at
various institutions, lower bond rates can be
negotiated with various banks, NOT ALL BANKS
CHARGE THE SAME RATES!!
6. If you
can consolidate your debt. Credit cards charge up
to 34 percent so keep purchases on them to a
minimum. Work with cash when buying consumables
where possible.
7. Try and
pay off small niggling accounts by pushing excess
cash into them where possible and Close them
cutting up the cards. Later the same amount of
cash you were paying them on a monthly basis will
be available to purchase something CASH or to
start pushing other debt.
8. Try
avoiding loans and the ever available lure of new
accounts, especially those with free offers,
given IF you open an account.
9. Check your bank
statements carefully before filing them. Banks
DO make mistakes, humans work
in them just like you and me and typing errors
can cost you money without you knowing. There can
be debit orders you are unaware of.
10. Investigate
the possibility of earning an extra income if you
have access to the internet. Here is a useful
website that helps people that are just learning
how the internet works:
Http://www.eezywealth.com
Look
after your cents and the dollars will take care
of themselves.
Mortgage
Advice Below
Earn Extra
Money With Confidence
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