The Things You Should Never, Ever Do to Save Money
When you want to save some money it makes a lot of sense to come up with as many different ideas as possible. There are many ways of cutting down on your spending but what about the things you should never, ever do? Oh yes, there are plenty of those as well.
Cancel Your Insurance Policies
One of the big expenses which you probably have trouble justifying to yourself is your insurance costs. If you own a house and a car and have a family then there is a good chance that you pay out a fair amount every month on insurance. Sure, you could cut back on your expenses this way but you would leave yourself exposed to serious problems in the case of accidents, theft or any other unfortunate incidents. Instead of cancelling the policies you should look to reduce the premiums through looking for discounts with your current insurance company or else shopping around for a better deal elsewhere.
Cut Back Too Much on the Quality of Your Clothes
Cheap clothes are a good example of where you can make a false economy while trying to save money. You might start buying bargain shoes and trousers but how long will they last? It is often the case that low cost clothing equates to low quality gear which doesn’t last very long. If you need to replace something after a couple of months then it wasn’t really that much of a bargain after all, was it? You should try to stick to good quality garments as much as possible. You can still spend less on them, though, if you are smart and look for end of season clearance sales.
Reduce Your Toilet Paper Usage
I think we’ll rush past this point rather quickly but it’s still worth mentioning. Singer Sheryl Crow hit the headlines a few years back for suggesting (half jokingly, I think) that we should only use one sheet of toilet paper on each visit. This is a good idea on the surface but there are some things in life which you really shouldn’t cut back on too much. Maybe you could save money on this essential by looking for supermarket deals and own brand paper.
I hope you never get into the situation where you feel so desperate about your finances that you consider stealing. I have never been in a situation where this seemed to be the only way out, so I can’t speak from experience on this one. However, it is clear that committing any type of crime will make you feel bad about yourself and also run the risk of getting caught. If you get caught then this is going to cause you even greater financial grief then you are already suffering. Instead of doing this perhaps you could look at legal ways of earning some extra cash online or by selling stuff you no longer need.
Buy Nasty Food
If you go to the supermarket with a small food budget then it could be tempting to buy the cheapest things on display. The problem with this approach is that the cheapest products often lack the nutritional value you need. If you want to feel full of energy to face up to life then you need to carry on eating well. A good way of doing this without spending too much is to take advantage of supermarket offers and vouchers. Try and time your shopping trips for when you are feeling good and have plenty of time to hunt out the best offers.
Have you ever done anything to save money which you would now warn against?