Inflation is shooting up around the world, and we don’t know when it’s going to stop. The U.S. is sitting at almost 7%, which is causing citizens to panic. Turkish inflation is 21%, and people can’t afford to eat meat.
It looks like the world is going back into tough lockdowns at some point, so you need to find quick and easy ways to save money. It’s going to help once a disaster strikes. Let’s look at a few good ones to get you started.
1. Look For A New Insurance Provider
If you don’t look for cheaper insurance when your old policy runs out, it’s almost like throwing away money. I’m sure you could find smarter car insurance, plus when you combine it with home insurance you’ll save more.
Think about raising your deductible to lower your costs. If you’re locked down, you’ll spend less time on the road, so getting into an accident is less likely. Pay-per-mile insurance will be cheaper if you’re always at home.
2. Cancelling A Few Direct Debits
Gym memberships are great when everything is open. When the gym is closed, you’ll be giving them money for nothing. Even if they’re still open at the moment, who says the rules won’t suddenly change next week?
I would look closely at the direct debits you’re paying each month. You might decide to cancel all the useless ones. You can also phone up the companies to ask if you can put them on hold, which could save hundreds of dollars.
3. Learn How To Cook Some Good Meals
Food delivery apps must be making a fortune at the moment. It’s too easy to pick up your phone and try a new restaurant when you’re hungry. If you keep spending money on takeouts, your savings will disappear fast.
Instead, you should learn to cook a few tasty meals you’ve always dreamed about. You’ll have plenty of time on your hands at home. Check out videos on Youtube because they’ll give you all the information you need.
4. More Protection For Your Business
What is umbrella insurance for business owners? It just increases the coverage limits on your currency policy. A few years ago, a small percentage of companies would benefit from it. Now it feels like it’s almost essential.
If you own a business, you’ll need to weigh up your options. Who knows if covid will ruin your health, or if your employees will sue you. Natural disasters seem to be getting worse, so you’ll also need to worry about climate change.
5. Don’t Stock Up At The Supermarket
If you’re lying around on the couch, you might start raiding the cupboards for treats. In pre-covid times, you would be out of the house more often. Your home will feel like a prison now if you’re not even working.
It means your cookies and ice cream won’t last as long. Don’t stock up on foods and drinks like you used to before lockdowns started. The easiest way to avoid wasting money is by planning what to eat in advance.
Things Will Go Back To Normal
I’m sure it won’t be long until life goes back to normal, but use these tricks to save money while we’re still in the dark.
