Everywhere you go, you hear the same old advices – clip coupons, buy your flour in bulk, watch out for free meal, and take a brown-bag lunch. Well, it’s time to stop counting pennies and think about the big picture. Living in a city, you have only so many minutes you can devote to worrying about how many cents you saved. And this information is for those who want to spend their precious time focusing on the really big expenses, where a couple of hours spent can save hundreds and thousands of dollars.
Rent Out Your Place
If you are renting a place, consider an option you may not have feel comfortable with: share your space. Take in a boarder that you can trust or invite a family member to move in. It may be nicer to live alone, but it’s also nice to live free and save some money for your future.
Drive Your Car
Until it falls apart. Drive it until you embarrass your friend and colleagues. And drive it some more. If it’s time to change, buy used. You can get a certified pre-owned vehicle that comes with a warranty for cheap. And laugh all the way to the bank.
Affordable Child Care
If you are a working parent, child care may seem an absurd expense in big cities. And when you put all your big expenditures on the table in order to tally them, child care in too big to not take notice of. Start by talking to other parents. Be sure to look into a range of alternatives apart from the conventional child care centers, such as your church, YMCA, or even teaming up with other families. Afterall, you don’t have to spend a big chunk of your income to be a good parent.
Buy the Cheapest Mortgage
You have found a great house with wonderful entrance and perfect backyard. Your shopping has just started. So do your shopping thoroughly. No matter how fantastic the first quote for the mortgage is, get a second quote and keep on getting quotes until you find the cheapest one. Cheapest does not translate to $10,000 off the purchase price and then paying $50,000 extra over the life of your mortgage, but the reverse. And take your time – where a little bargain can save you tens of thousands of dollars.
Opt for the Lowest Health Insurance
If your employer offers several health plans that cover all your basic medical needs, consider the cheapest plan. Do the math and learn whether the subscribers have got any complaints with the plan. If you like what you hear, you will be saving a lot of money by opting for the cheaper insurance policy, without compromising your health.
Pick Up Extra Part-Time Work
Cities normally have a broad spectrum of jobs, and employers are always on the look out for hiring. This is a great way to turn your hobbies into extra cash. Typing, child care, gardening and setting up devices are some of the skills that can translate into extra earning.