We’ve all had to tighten our belt over the past few years due to uncertain economic times. These days every last penny counts and finding tips on maximising your money is becoming more and more available.
This infographic titled What savings looks like over time from 1blog.org gives some suggestions on where people can cut back on the day to day. Yes It’s American so I would cherry pick each one to see if it’s relevant for your country.
One point I kinda disagree with the point of renting. The rental market may be a bit different in the US granted but in the North of England for example it is much cheaper to have a mortgage and than it is to rent. Long term you will ultimately be generating more assets for the future as well as avoiding someone else’s mortgage.
I personally also go for the 10% rule as a minimum with my savings each month (including christmas)
Home Solar Power Discounts – One Block Off the Grid