Thursday, April 13, 2017

Cost of Living: How to Cut Back on Major Expenses



When the car breaks down, you have no choice but to fix or replace it. The same is true when it comes to your refrigerator or any other household appliance. 

While you may not want to shell out a lot of money to cover a major expense, there are ways in which you can keep the bill to a minimum.


Find a Roommate to Save on Housing


When you take on a roommate, you have someone to split your rent or mortgage payment with. However, you also have someone to split the cable bill, light bill and other associated expenses with. 

If you have kids or pets, your roommate may be able to help out with child or pet care, which could save hundreds of dollars more per month.


Buy Insurance to Cut Back on Medical Expenses


If you have need to have surgery or need dental work, you should buy an insurance or discount plan. 

With a good plan, you may pay little or nothing for your care. At a minimum, your deductible is likely to be less than what you would pay if you didn't have insurance. 

Local clinics may charge based on your income, and charitable groups may be willing to help pay for emergency expenses.

Go to the Junkyard to Find Used Car Parts


A junk or salvage yard, like U Pull & Pay, is a great place to find used car parts to fix your car with. Instead of paying $500 at an auto body shop, you could pay $50 or $100 for something that will work for months or years to come. 

In most cases, you can take a look at a location's inventory before you go there to ensure that it has what you need.

Garage Sales May Offer Great Discounts


Those who are looking for used appliances, car parts or other supplies needed for a major project may find them at garage sales. 

It may also be worthwhile to check out an estate sale or flea market to help you cut back on major expenses in your life. If you don't want to buy, it may be possible to rent an appliance or otherwise expensive item and pay on a weekly basis.

There is never a good idea to have to deal with a major expense. However, there are many ways to make paying for it easier if you know where to look. 

Buying insurance, perusing salvage yards and buying from garage sales may help you save money without sacrificing on too much, if any, quality.


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