A lifestyle based on frugal living and reducing household costs is highly advantageous, especially during the current credit crunch. It could mean that credit card debt can be reduced or even that the money saved can be invested in a tax-free cash ISA or stocks and shares ISA.
Reduce Household Costs by Switching from Sky TV to Freeview
Whilst paying for a TV license is compulsory, a great way to save money is cancelling that additional Sky TV subscription and opting for Freeview. Freeview currently has 48 TV and 24 radio channels available. This simple frugal living idea will reduce household costs by up to £600 per annum.
Cut Living Costs with the Rent-a-Room Scheme
By 2020, the percentage of men living alone over the age of 60 is expected to be about 30%. The government now offers home-owners the chance to deal with this cost of living increase.The rent-a-room scheme permits someone to make a tax-free income of up to £4,250 per annum. [Read more…] about Money Saving Tips for Reducing Household Costs