Image: You don’t have to walk the tightrope forever
Nobody wants to fall into the trap of attempting to live a champagne lifestyle on a lemonade budget. Still, there’s nothing wrong with craving a little luxury in life, especially when it can be achieved in a cost-efficient manner. As long as you do it at the right times, you won’t get caught up in the downward spiral of haemorrhaging money.
The key, as with many things in life, is to find a winning balance. Here are four ways to get it right time and time again.
Take The DIY Approach
Many life purchases involve buying a product and paying for labour costs. If you can remove the latter, you will see a significant reduction in the overall expense.
Home improvements are the obvious starting point. Budget-friendly garden makeovers are an ideal starting point as there is no rush to complete the project. Meanwhile, repairing broken items with the help of video tutorials can save you a lot of money over the course of a year.
While there are many situations where paying for a professional is advised, removing labour costs where possible is an ideal solution.
Often in life, it’s not about getting the cheapest option. Instead, your focus should be on getting value for money. When you shop around, it’s often possible to buy mid-tier luxuries at a low-tier price.
Starting with the bigger purchases where you can get the bigger discounts, looking at Mercedes special offers can secure you a luxury cost at an affordable price. Meanwhile, price comparisons on energy bills and TV packages can save a serious sum of money.
Thanks to the internet, shopping around for the best option has never been easier. If a few minutes of effort can unlock significant savings, you’d be a fool to miss out.
Don’t Buy Outright
When dealing with the smaller luxuries in life, it’s not uncommon to want them for a single event. For example, you may have your eyes set on a dream outfit for a friend’s wedding.
While buying products like this may not seem viable, renting them might be. Alternatively, you could sell it on as soon as you’ve used the item for its intended use. A wardrobe or cupboard filled with expensive outfits or tech devices that you never use is a little pointless.
Saving money in this way is a great way to establish the right balance, and those strategies can work wonders for life.
Often in life, it’s who you know that really matters. Build strong relationships in business as well as a consumer, and it may be possible to get things for free. There’s no better value on the market.
Freebies may be offered to sweeten a business deal. They may be used as a reward for your continued loyalty. Or they may be offered in return for a social media post. Whatever the reason might be, you should happily grab hold of those opportunities.
Apart from anything else, the money saved here can be used to afford greater luxuries elsewhere. Now that’s a smart move if there’s ever been one.