Looking into London Real Estate but you are limited on Budget? Key to a deposit is budgeting and planning. Without budgeting and planning you have no control over your expenses.
Want to know how to save money this year? A good first step to build your savings account is to lower your cost of living. Whether your savings goals include a down payment on a home, an emergency fund, you want to save for retirement, or you simply need more money each month to cover your expenses, these small but impactful saving tips can help you find money – potentially lots of money! – in the long run help you save enough to invest in London Real Estate. Consider these tips to help you put money away and start saving!
How to Save to Invest in London Real Estate
Alternative to Car
Those who drive to work everyday end up spending thousands of dollars on gas each year. Starting a carpool is an easy way to spend less on gas every week. Not only are you saving money, but you’ll be reducing your carbon footprint at the same time. The more people in the carpool the better! Consider walking, biking when the weather is nice, or just consider taking the city bus. No monthly insurance, car maintenance, car payments, or gas!
A car is not an investment – it is a money sucker and limits your potential to invest in London Real Estate market ahead of schedule.
Foods in bulk
Buying non-perishable items in bulk is an easy way to save lots of money. Look at the cost per unit of all of the sizes and choose the best deal. You can also use coupons, or take advantage of multi-buy deals at your local grocery stores, to save more money each month. Another option to utilize is limit at amount of take outs and dining – save these for special occasions. Learning and utilizing your chef skills will help pave the way to a healthy lifestyle and planning for London Real Estate.
Consider buying no-name brands
No-name brands are strikingly similar and priced lower than most of their mainstream brand counterparts. Switching to no-name products can significantly reduce your weekly grocery bill and can save you hundreds of dollars over the course of a year. No one is born rich – it takes time and a lot of sacrifices. What is more important that depreciating asset or appreciation London real estate property.
Make your own coffee
Buying coffee on a daily basis can really put a dent in your budget. You may not notice it right away, but over long periods of time, it really adds up. By making your own cup at home every morning, you can add a few extra dollars to your savings plan and avoid the unnecessary waste of a paper cup! Think about buying 2 coffees a day – that is about $1460 dollars for the year. This could be a mortgage payment for the London Real Estate property
Cell Phone Plan
It’s likely that there are unnecessary fees, or some features you’ve forgotten about that you’re paying for. Double check to ensure you’re not paying for anything that you don’t use often. Why give others money when you can keep it in your pocket.
We bet you’re not the only one who’s looking for tips on how to save money this year. Try these money saving tips with a family member or friend to keep each other motivated and ensure you both stay on track. Sometimes it’s not just what you buy, but where you shop – this can be your difference maker in enjoying your own London real estate.
Lowering your cost of living doesn’t have to be difficult. By following these tips on how to save money, you can reach your savings goals in no time, and purchasing your next home can happen sooner than you think! Happy budgeting!
Looking for London Real Estate? Search MLS listings today to find you next dream home. Contact Realtown owner Yasir Khan, Sales Representative at RE/MAX.