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How to Spend Less - Part Two

last updated: 10 March 2008
The New Spend Less Revolution
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In our first instalment about The New Spend Less Revolution, we looked at why we're in this spend-happy culture, and what we could do about it. Now, we're going to check out the best 20 tips from Rebecca Ash's very helpful book.
Most of these tactics you already know, but as with everything you don't really want to do (but know you should), reminding yourself how and why is a good first step.

Generally
  • Make a shopping list (helps you to stay on track and not buy random things you don't need)
  • Don't shop when you're tipsy or on an emotional high
  • Save cash and the planet (from an environmental perspective, buying less is more)
  • Beware of bargains (a good deal alone is NEVER a good reason to buy something)
  • Don't overspend at Christmas (living outside your means is also a consistently bad idea)
  • Spend what money you do spend wisely (rather than five pieces of something mediocre, spend that amount on one fantastic piece)
Your Wardrobe
  • Be a trendsetter not a follower (following trends is expensive!)
  • Go on holiday to Thailand and have clothes made by tailors there
Your Home
  • Set yourself a timescale of a year to find the right property for you
  • Old things are generally cheaper and better quality
  • Always turn off the power switch (appliances on standby use a lot of power)
Your Finances
  • Cut up credit cards (and if you won't, ALWAYS pay off your balance)
  • Pay 0% instead of 40% tax (if you're in a high tax bracket, put assets in your partners name)
Food & Drink
  • Buy exactly what you need and no more
  • Spend less while still enjoying good organic food (get a weekly veg box delivered)
Other Tips We Like
  • Don't buy your contact lenses from an optician (find them online)
  • Live down to impress (Prosecco vs. Champagne, apple crumble vs. apple tart)
  • Buy cars that hold their value well (do your homework before buying)
  • Make sure you have written a will
  • The holiday of a lifetime for the price of a short break in Paris (consider Ecuador, Cambodia or Cuba)

Click here to buy The New Spend Less Revolution.


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