Buying a house for the first time is such a great feeling. Finally, you can paint a wall. You can drill as many holes in the wall for picture frames as you like. You can finally buy a massive fridge. But the issue that always brings you down to earth is cold hard cash. It is so expensive to get it all looking and feeling like home. Here are some really powerful saving tips for first-time buyers, so you can spend your money on what really matters to you.
Have a look at the apps available to help you manage your finances. From budgeting your spending to tracking your spending trends, these can help you. Not to mention that most of them can link to your accounts and subscriptions. This way you can have all your outgoings in one place. It makes it so much easier to follow and to see what you can save money on.
Take Care of the Pennies
As the age-old saying goes, if you ‘take care of the pennies, the pounds will take care of themselves.’ Picking up the more expensive brand in the supermarket or choosing the more expensive option for your streaming subscription can take a lot of money out of your monthly spending. Track how you are spending and then work out how much cheaper each item or decision could have been. You will find a huge chunk of extra money appears that you can use to spend on cool new house stuff.
Price Comparison Websites
Make sure you use price comparison websites. They can save you so much money per year. Make a note on your phone calendar of when your insurance or service is coming up for renewal. This will remind you the following year and mean you can check out the comparison websites to see if you need to switch services and save.
Everything is automated these days so it can be very difficult to track your spending. Subscriptions can increase over time and unwarranted charges can happen without most people even noticing. It is easier to track with apps, but even moving all your banking online can help you keep an eye on what is being deducted from your bank accounts.
Spend Money to Save Money
If you have the money to make alterations when you move into your new home, it is an excellent idea to consider some simple ways of maximizing the sustainability and energy efficiency of your home. Having good insulation and modern windows can cut your energy bills right down. Making sure you have a fully functional heating system is a big one, remember you can always find modern vertical radiators online.
Grants and Loans
There is a lot of money out there to help people if they need it, if you are struggling, make sure to contact citizens advice, your local council or search online for more information. Especially in the current climate, you might be surprised about the kind of help you can receive.
Everyone needs help sometimes and there are so many options out there for first time homebuyers.