Save Money - Cancel those unwanted memberships
Reducing your debt can be a long process, so be patient as things will not change overnight. By saving money on basic things like your council tax or learning how to budget effectively can work wonders on your finances. Another way to reduce your outgoings can be by canceling unwanted memberships and subscriptions. One large expense for many are gym memberships.
This may not be applicable to all, but often we have memberships for various services. Whether it is a gym membership, satellite television subscription, charity donations or a mobile phone contract, there are usually areas where savings can be made.
Think carefully about your gym subscription - do you visit the gym on a regular basis? Would you save money by paying on a pay as you go basis? A good friend of mine paid £45 per month for his subscription, but only went 5 or 6 times a month. By switching to a pay as you go subscription at £5 per visit, he saved over £15 per month, not a huge amount, but it all helps!
Could you save money by switching to cheaper methods of exercise? Do you just use running or cycling machines? If so, perhaps buy yourself some running shoes and brave the great outdoors, or buy yourself a second hand bicycle and get peddling! If you use free weights, why not have a look on Gumtree for some second hand gym equipment? This costs considerably less to use overall, and wont add to your monthly outgoings if you aren’t able to attend.
Often when your purse strings are a little tighter, reconsider some of your monthly outgoings and assess whether you can opt for a cheaper version, often there are considerable savings to be made.
