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Are you saving up to put down the deposit on a house? It can be difficult to keep track of your finances in this situation, especially when every penny counts. Here are a few creative tips to help keep you in the black:


Envelopes...


Most of us are guilty of relying on our cards a bit too much. A good way to save money is by attempting to use the card once a week. When you go to the bank machine, take out a larger amount of cash than you normally would; take it home (avoiding shops, patisseries etc); then separate it into envelopes marked with things like 'rent', 'food', 'wine' on them. If you find yourself with an empty envelope halfway through the week then it's time to stop spending - either that or it's time to start rearranging your budget.

 

Deals...

 

The internet is teeming with deal sites. Take a bit of time to sign up for free services that you might otherwise pay money for. This can be tedious but you could walk away with a free manicure or a heavily discounted holiday in the sun. Note: signing up for some deals can lead to companies sending you all sorts of spam in the post - to avoid this set up a separate email address to manage any accounts you decide to go for.

 

The Thirty Day Rule...


Are you somebody who makes unnecessary purchases? Why not try writing the items that you oh-so-desperately want/need/crave down on a piece of paper - then wait thirty days to see if you still feel the same. This might take a bit of willpower.

 

Walk it/Bike it...


Do you rely on the car? Or do you just use it for convenience? It is so easy to jump in the car and go that many of us have forgotten that our human legs also contain the power of spontaneous locomotion. Walking or cycling to work, to the shops or wherever you need to go will cut your weekly travel costs down substantially. It is also good for your ticker.

 

Give up Expensive Habits...


Boo! No fun! Yes, it appears that the fun police have arrived on the scene;  but don't leave just yet, cleaning up your act could save you thousands of pounds a year.

Drinking alcohol, eating takeaways and smoking may be enjoyable but if you tend to overindulge - as, let's face it, many of us do - you risk burning a serious hole in your pocket. Once again this moneysaving measure comes with health benefits.

 

Good luck!

 

Blair Cadell are a leading firm of Edinburgh solicitors, dealing in a wide range of property, business, tax and personal legal services. Our solicitors have been nominated for Residential Property Team of The Year at the 2014 Scottish Legal Awards.

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