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Beat the crunch to save thousands
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| Woman doing sums (c) Rex |
It might take more to deal with the credit crunch than simply tightening your financial belt. But if you do it right you could end up saving thousands of pounds – find out how
Many of us are increasingly feeling the pinch as the credit crunch deepens – with lifestyle changes becoming a necessity.
“Traditionally, saving money has meant tightening the purse strings and cutting back on the things you enjoy,” says Tim Moss, head of loans at Moneysupermarket.com.
cut home costs
But it’s no longer just a case of having one fewer holiday a year: new research suggests one in 10 couples are postponing marriage, while bargain shoppers have given a boost to low-cost stores such as Primark and Aldi.
Avoiding large expenses – such as a wedding – is an obvious way to keep spending down. But there are less drastic, yet equally effective ways to reduce outgoings and offset the credit pinch.
“A family with a typical financial portfolio has the potential to save nearly £4,000 a year simply by moving away from uncompetitive products,” Moss says.
Find out how you can stop worrying about the credit crunch and save thousands.
23 April 2008
