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Ways to Free up Cash

We could all use a bit more cash from time to time, especially with Christmas coming up or an unexpected bill. If you want to have some more cash to free up, then here are some ways that you can have more money, without changing your lifestyle.

Switch out Brand Names

With most brand names, consumers can’t really tell the difference between this and the generic brand. This small change has the chance to really free up a lot of cash from your regular shopping habits. You can swap like for like products in blind tests if you want to ensure that there’s no difference in quality.

Some generic items cost just a fraction of the cost of their brand name counterparts. This unnecessary expenditure might be costing you thousands each year, so it’s well worth trying to switch some of your most used items.

Host a Student

If you have a spare room in your house then you could join the group of host families in London. By opening your home to a student and providing meals, there’s a lot of room for you to make money. It’s a bit steadier than the likes of AirBNB and you won’t need to leave your property.

This can be a good way to socialise with new people and learn about their culture. If you want to expose your kids to a new culture then a friend from another nation can be great. These do tend to be longer term, so you should only consider doing this if you feel like it’s sustainable for you and your family.

Downsize

Another way to have more money if you have a spare room is to downsize. If you’re paying for a room that isn’t being used then you’re missing out. These rooms might be filled with items from other areas of the house, which don’t really have a place of their own. Clearing out these rooms will show you where you could be downside.

Moving to a smaller property can be better for you to save money and to clear out your clutter. This can help you to save a substantial amount each and every month, without feeling any strain.

Travel

The amount that you spend travelling can also be over the odds and there are other ways that you can save money here. If you’re spending a lot of money on public transportation, then you could look into buying a bike or a small car. While this might be an initial expense, it can save you money in the long run.

Moving closer to your job while downsizing can also save you some money and time each day too. This can give you a better quality of life overall, as you feel like you have more time to dedicate to the things that really matter.

Saving money doesn’t have to be difficult, as there are many ways that you could do so without majorly changing the way that you live your life.

Image: Pixabay

About Markus Colt

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