Life is expensive. There’s not a lot we can do to avoid paying for things. Food, a roof over your head, and transportation to get you to work; these are just a few of the unavoidable necessities that we can’t live without. Everything costs money. Still, whilst there may be costs we can’t avoid, that doesn’t mean we can’t do something to reduce those costs. Here are some pieces of advice to help you deal with the expensive aspects of life.
Cut Your Expenditures
The best way to avoid the big costs in life is to take a look at your existing expenditures. You should always budget to make sure that your income can cover all your bills and other necessary costs. But if you’re struggling to make ends meet then it’s time to take another look at your expenditures and find ways to slash costs that are completely unnecessary.
For example, you could cycle to work instead of taking your car. You’ll not only save a lot of money on petrol but you’ll be getting a bit of exercise every morning. It’s a win-win situation. Reducing energy bills is smart too. You can do this by insulating your walls and getting double-glazed windows so that you better trap heat and don’t need to generate so much energy to keep your house warm. Start thinking outside the box to save money.
Create An “Out Of Work” Plan
Many circumstances can put you suddenly and unexpectedly out of work. If you don’t have a financial plan in place as a form of safety net for the possibility of finding yourself unemployed then you might struggle to get back on your feet. Of course, it all depends on the circumstances in which you find yourself out of work.
If you’re out of work with a sickness or an injury then you might want to look into state benefits and other options that can cover you until you’re back at work. Of course, it’s good to build up an emergency fund for such an eventuality; save up enough to cover you for a few weeks.
If you’re fully unemployed then you might feel a little more vulnerable because you have to actively hunt for new jobs whilst stretching your finances to make them last until you’ve found new employment. Again, it all depends on your specific circumstances.
If you quit your job because you felt that you were treated unfairly then your situation might look better than you think. An employee must have at least two years’ service with a company in order to file a claim for constructive dismissal. But if you were with your employer for longer than 2 years and you resigned because of their behaviour then there are routes for you to get financial compensation. Referring back to taking time off work for injuries or sickness, compensation could also apply to your situation if you were injured as the result of your employer’s negligence.
Avoid Unnecessary Medical Bills
If you hate the huge bill you get after visiting an emergency room for health issues that didn’t require urgent attention then you should start to visit your local clinic. It’s tempting to drive straight to the hospital when you have an injury or some other medical issue because you panic in the moment. You just want the issue to be fixed as soon as possible.
However, you could save yourself a lot of money if you go to see your primary doctor or head to a walk-in clinic first. They might tell you it’s something minor and give you the health advice you need. And if it is something more serious then they’ll tell you to head to your local hospital. If you can avoid spending more money then you should; either way, you’ll get the medical help you need.