If you want to build up your savings, then you are probably looking for ways that you can do this easily. It might feel really tricky and you might almost think that you will not be able to do it. However, there are things that you can do which will make it easier for you.

Pay yourself first

When we are saving, many of us will wait until the day before we next get paid and transfer any money that we have left into our savings account. Although this is better than not saving any money at all, it is likely that you will not have that much available to save. It can be much better to put some money into a savings account as soon as you get paid. Then it will not be available to spend later in the month. This should help you to budget better and you will not spend money that you really should be saving. Knowing how much money to use for this can be trickier but it can be wise to consider how much you normally have available or look at your bank statements to calculate it accurately. You can always change the amount if you find that it is not quite right, as time goes on.

Compare prices

It is wise to make sure that you compare prices on everything that you buy. This means that you will need to think about each purchase and whether you could get it elsewhere for a cheaper price or whether you will be able to buy a cheaper alternative. For this you can use comparison websites, but also employ the tactic when you are in shops as well as buying online. It can be tricky at first and you may not even remember to do it. However, once you get into the habit of always checking and comparing prices, it can be very easy and you can make significant savings. Remember to do it on your larger expenses as well such as your utilities and insurance as you can make much more significant savings with these.

Ask yourself if you need it

It is also worth questioning every purchase you make. Think about whether you really need that item or not. It might be that you can do without them entirely or that you can wait a while for them. If you are saving up for something specific then it might be that you can wait until you have saved up for that item until you buy it. Alternatively, you might be able to wait a while and buy it when you have less things to buy on another occasion. It might even be the case that you can do without that item entirely. It is good to think hard as you may just be buying things out of habit or because they are cheap or you think they are a bargain when you do not really need them and can manage easily without them.

Earn more

An easy way to save more money without having to restrict your saving is to earn more. This is not always an option or everyone, but if you already spend the minimum amount of money that you can, then this might be a better option for you. There are lots of possibilities but it will depend on whether you have lots of time, what skills you have and what sorts of things you are prepared to do. If you want a conventional job then looking online or visiting your local job centre could help. However, many people might prefer to do something less conventional. They might rather work form home, for example. If you are working all day then it can be nice to then work from home so that things are more relaxed. It can also mean that you have a bit more flexibility with your working hours. These jobs may not pay as much money as a conventional job but they can work and still be a source of some extra money.

Stay motivated

One of the trickiest things to do is to stay motivated. It can feel like you are being punished at times, if you are not able to buy all of the things that you want or like. However, if you keep reminding yourself why you are doing this, then this should help. It could be that you want some reserve money so you do not need a loan if you need money in an emergency, that you are saving up for something specific or that you want some money to repay some debt. There are lots of reasons and it is important to remind yourself of the reason so that you can remember why you are doing this. It should help to keep you focussed.

When we buy a new car we will have a lot of money to pay out in most cases. This means that it can be really handy if you can think of some ways where you can make the whole process cheaper. There are some things that you can do that can really help.

Negotiate on price

It is not very British to negotiate on prices and therefore is not something that tends to come very naturally to us. However, we could potentially save a significant amount of money if we did negotiate on price. Whether you are buying form a dealer or directly, there may be some leeway on price. It can be worth coming down quite low and they are likely to refuse but then ask what their minimum might be and it might be that you will be able to pay less than they originally asked you for. If you are a bit unsure about doing this or about how to do it then research first. You will find that there are videos online that you could watch as well as websites which will give you advice on how to negotiate. If you can learn some tricks and have some hints as to how to do it, you should be more confident and therefore more successful.

Find the cheapest finance deal

Many people will use a loan such as those offered by Cobra to buy a car. This might be a bank loan or one from a dealer. Either way, it is sensible that you get the cheapest loan that you can. It is likely that you will find that a loan form a dealer is dearer than one form a bank or building society, but you will not know unless you do some research. Look at the loans that are available and compare the costs of them. Be careful to make sure that as well as comparing the interest rates that you also compare the other costs of the loan. There might be administration fees and things like that. It is also important to see whether you will be able to afford the repayments. Loans will have different repayment schedules, some having regular monthly repayments and others being more flexible. It is important to choose the right one for you so that you can be sure that you will be able to afford the repayments.

Make money from your old vehicle

If you have an old car then make as much money as you can from it. You might decide to part exchange it if you use a dealer, but make sure that you get other money form it as well. You may have things of value in the car such as floor mats and other accessories that you could remove before you sell it and get extra money for. You may also be owed some car tax so make sure that you claim that back if you are entitled to any. If you do not part exchange the car then you may be able to sell it or sell parts. It is good to do some research so that you can make as much money from it as possible.

Buy fuel efficient model which is cheap to insure and repair

When choosing a car it is wise to buy one that is cheap to run. A fuel-efficient car will save you money when you drive it. Usually smaller cars or hybrids are best for this but it is good to compare different makes and models to see which might be the best. Also consider which might be the cheapest to insure, usually a bigger and more expensive car is more expensive but also sporty models tend to be dearer. Parts are also worth considering as well. This is because some parts can be very hard to get and therefore more expensive however many cars will just take standard parts. It is worth checking this out before you buy.

Get cheapest insurance

All cars have to be insured but the insurance will vary in cost depending on which insurer you use. It is well worth comparing different insurance companies so that you can get the cheapest possible insurance. There are so many differences between policies, such as what you get covered for, that it is important to make sure that you are getting the coverage that you need for the price that you are quoted. You will also find that if you can pay the insurance in a lump sum for the year it will be less than if you pay it monthly. It is therefore worth doing this if you can afford it and you may want to budget for this when you are saving up towards buying your new car. It is well worth spending some time doing this as it could make a significant difference.