These Are The Reasons You Need An Emergency Budget! (& What To Do If You Haven’t)

If we went about thinking of the worst possible scenarios that could happen in life, things would get pretty miserable pretty quick. However, that doesn’t mean we can breeze through life, ignoring them either. Especially when most catastrophes involve our financial stability as well as emotional stress. To that end, it is essential to consider what could go wrong. At least in terms of the economic impact, it could have, something you can get some guidance within the post below.

Your pet is injured.

For most people, pets are more than just animals we own. In fact, they are a part of the family, meaning that if they get injured, we will want to do everything in our power to return them to health. Of course, just like the costs involved with a human patient, treatment for your pet can set you back a great deal of money. Something that it can be tough to find out of nowhere. 

Happily, if you have been topping up your emergency budget regularly, there should be enough in there to cover this sort of situation. Although, it is also possible to pay into a pet insurance policy that will cover the costs of most the treatment instead. Something that may actually work out to be more economical than finding the entirely of the sum from your own savings. 

You experience trouble with the law.

If you have ever experienced any trouble with the law, you know that it is no joke! You will also be well aware that any legal difficulty can cost you big time if you are not careful. In fact, there are many potential costs involved. These may include legal representation, the compensation you are instructed to pay to the other party, and even the amount you are required to pay for bail. Something that you cannot be released from prison without. 

Of course, those with a healthy emergency fund will immediately be in a better position should such a situation arise. The reason being they will have at least part of the money needed to cover these costs. However, some people can help, even if you do not have the required funds to hand. 

These being businesses such as Freedom Bail Bonds that can lend you money to secure your release. In addition to those lawyers that offer their services on a no-win, no fee basis. Something that means you do not need to worry about payment at all, as they will take their percentage from the compensation you receive. 

Your need to move home. 

The issue with needing to move home is that it can be very costly. Something that can be problematic if all of your spare capital is tied up in your residence. After all, you cannot access the money you need to pay for renovations and realtors fees before you have sold your house. 

Luckily, those with an emergency fund can use the money they have there and then replace it when their house has sold. While an alternative for those without funds is to get a loan against the value of their home. Something that may decrease the profit they can make on the sale, but also help them out of a financial bind in the short term.

Financial Turmoil We Struggle To Get Out Of

Struggling financially is one of the most common struggles that people have. And struggling financially then leads to so many other struggles that people have to try and deal with, such as problems with a social life, eating right, and mental health problems. It literally controls our life to the point where there’s not much that you can do without it.

So when you find yourself in a bit of financial turmoil, it can literally be one of the most stressful times of your life. When you feel like all you’re doing is borrowing money to pay off other bills, it’s a never ending spiral that ends a lot of people up in debt. Debt is such a serious problem in this world at the minute, that it’s estimated that two thirds of people are actually in debt right this minute.

So before it even gets to that point, we want to try and get you out of the turmoil that you’re in. There’s so many ways that you can work your way to financial freedom, where you don’t feel like you’re being consumed with debt and all of the other problems you might be facing. So if you’re desperate and looking for a bit of help, look no further. Here’s how you can get yourself out of the sticky situation that you’re in.

Battling With Debt

We wanted to start this by talking about debt, because debt is one of the biggest problems this world is facing. It’s not just those that are dealing with debt in terms of personal finances, it’s literally the whole world. Even those businesses that you think are doing so well, are struggling with debt behind closed doors.

So find comfort in the fact that you’re not alone, and there are plenty of things you can do to get away from it. The first thing that we’d recommend that you do, is go and talk to a financial advisor to help you out. Financial advice from a professional who is used to dealing with people who are struggling with debt at the minute is so important.

They can help you formulate that all important plan that will get you back into steady waters. The second thing that you can do, is cut access to all of the areas that you’re borrowing from. Half of the reason we’re in such growing debt, is because there’s so many access points to borrow money.

But if you ring those companies and ask them to freeze your account so that you can borrow no more, it cuts the ties that you’ve began relying on so heavily. It’s a simple solution that not enough people are trying!

When You’re Left Out Of Work

Being left out of work is one of the quickest ways to find yourself in debt. People can be left out of work for so many different reasons, but one of the most common at the minute is an injury at work. Especially those that are involved in a lot of manual labour, there always seems to be some sort of safety hazard, and there always seems to be someone out of work.

The Derrick Law Firm is just one firm you can turn to if you ever find yourself out of work due to personal injury that you know isn’t your fault. It can happen for any reason, but if you know that accident would have been preventable if the company had better measure in place, and you’re off work unpaid for a few weeks, then what have you got to lose.

You could win a case that would give you the finances you need to carry on living, whilst you can’t work!

Dealing With The Emotions That Come With It

The emotions that come with it is something people don’t talk about enough. People love to talk about the financial situation they’re in, but not truly how it’s making them feel. But the emotions that come with it can quickly lead to mental health problems, and it’s those that you need to try and combat.

So to make sure that you stay on top of your mind through all of this, make sure that you’re speaking to those around you about how it’s making you feel, rather than the situation itself. It’s so good to speak out about issues!

Even if it just be a free help advice service that you’re talking to because you don’t want to talk to those that you know, it’s still good to get it out in the open!

How Putting Your Safety First Will Protect Your Money

Protecting your money is something you should be doing anyway, but did you know it’s not always in the most obvious ways that you can do this. Staying safe in all aspects of your life will protect your money because if you a reckless, it costs money.

Stay Safe Online

This is one of the obvious ones, but still very necessary. IF you’re someone who uses the same password for all your accounts – Amazon, eBay, Asos, then if you have ticked the box for ease, then your card details will be saved, and if someone can manage to guess one password, then they have access to everything. Test how secure your password is via howsecureismypassword.net.

This will give you an estimated time for how long it would take a computer to crack your password, and it also offers hints on how you can improve it. Then once you know this, it’s important to up your security by using a password manager such as LastPass.com which can store all your log-in details and also protect them with just one single master password. It also enables you to automatically change your existing passwords to a random series of symbols, numbers and letters without having to visit each particular website.

As well as passwords, make sure that you scan for viruses and spyware regularly, You can buy premium antivirus software, but if you want a free one PC Advisor magazine recommends Avira.

Stay Safe On The Road

This isn’t the first thing that springs to mind when it comes to protecting your money, however, if you think of it from the other side, if you are not safe on the road and you have an accident it will cost you a lot of money.

It could cost a lot to repair the car, getting a new car, repairs to a car you hit, if you are injured it could mean that you need to have time off work and will lose out on money there. You may also have to pay for services from somewhere like NBA Law Firm who has gained a reputation for high-value value settlements and verdicts in car wreck cases.

Stay Safe While Travelling

fun

As a tourist, you are already susceptible to thieves and pickpockets, so you have to take extra care of your money and possessions. One of the best ways to protect your money while you are travelling is to use credit and limit the use of cash. While it is easier to stick to a budget when using cash, cash isn’t replaceable, and if you lose your wallet or someone steals your money, you can lose all of your travel funds.

However, if your credit card is stolen, then you are not liable for unauthorized charges. Even with a debit card, your bank will refund any fraudulent purchases. It’s a good idea to bring some cash on your vacation, but just don’t carry too much.

It’s also a good idea to avoid secluded ATMs. Instead, go to cash machines located inside your hotel or near busy areas but don’t visit them at night or in the early hours of the morning. 

Stay Safe In Your Home

dream house

Keeping your home safe will also keep your money safe. If someone gets in your home, not only will you need to replace valuable items if stolen, but a thief will no doubt be able to find all the information about your bank accounts from inside your home. 

Start off by getting a security camera. It is invaluable to have another set of eyes looking out for you and your home. Having a security camera means that you can check on what’s happening when you’re away from home as they are usually smart these days and you can see what’s going on from an app on your phone. They also act as a deterrent and can force a burglar to think twice before targeting your house.

Another smart idea is to get yourself a smart doorbell which can give the impression you’re at home even when you’re not. They are usually easy to install and highly affordable and come with live video streaming, remote viewing apps, and two-way communication that lets you see and talk to whoever is at your door.

This provides extra security, and it also helps you protect yourself from a home invasion or other violent attack when you are home. Forget having to get up and look through the peephole—these doorbells allow you to see who’s at the door from wherever you feel safest.

Building A Financial Safety Net

Saving is really important, but most people don’t realize just how important it is until the time comes and they haven’t got anything saved. When financial emergencies arise, and they do, there is nothing worse than knowing that you aren’t covered. You need to take loans, borrow money, and hope for the best. It is actually a terrifying situation and can pile the stress on really quickly. 

In fact, many financial emergencies are why many people end up in dangerously high debt and in some cases, financial ruin. For example, imagine you were in a car accident and unable to work? Aside from needing a settlement calculator, you’re going to need some cash to be a cushion until you are back on your feet. 

Emergency Fund

These are the funds that you tuck safely away in an ISA or any other locked account. You need to be able to access these funds at a moments notice. Ideally, you will have at least 6 months worth of money in there that is free to use if anything should happen. So when you make the decision to save, this is where you want to start putting your money. You should set a budget to work out what you can safely put aside. It might mean that for a little while you’re going to have to make some cutbacks on what you buy and the entertainment options you have. But this is worth it. Where possible, create an automatic savings plan, so that the heavy lifting is out of your hands. 

“Do not save what is left after spending; instead spend what is left after saving.” 

Warren Buffett

Life Insurance

So many people skip this thinking that it won’t matter if they have it or not. Assuming that they have time to arrange it all. But the truth is none of us know when that time will be up. And if you already have dependents, or you are planning to in the future, then they will need financial security. If you have a house that is currently being paid off via a mortgage, then you are seriously going to want to think about what will happen if you can no longer make those payments. 

Long-term Disability Insurance

If something happens and you aren’t able to make a regular income any more due to injury, then you’re going to be very happy that you have this. The safety net isn’t there for fun, it’s there for the what-ifs. Many people think this coverage is a luxury, but it should be considered a necessity if you have housing repayments, children, a significant other, and of course, medical bills stack up thick and fast. 

Retirement Plan

You should sit down and work out how much you will need to put into your pension from the age you are now, to the age you want to retire – and see if it is going to be possible. Where possible, take advantage of any government schemes to match what you are putting into your own pension pot. You’ll also do well to take out other long-term savings that can be accessed after a period of years. Keep rolling that cash up, and cash outcome retirement time. The fact is that most people can no longer finish as early in life as the once could, and retirement really needs a lot of consideration.

Savings

A general savings pot for rainy days is undoubtedly something you’ll want to do too. You don’t need to put a lot of money into this. Instead, you are going to be looking to skim off the top of what you are spending elsewhere. There are many apps that will now do this for you, and they have a low yearly charge to do so. There are some that will also automatically calculate what you can afford to save and put it into a savings pot for you. 

Even a penny jar emptied once a year and put into an account over the space of a few years will give you a little bump. 

Your financial safety plan has more to do with the people you love and want to look after than it does with you. But, that safety net will be the thing that keeps a roof over their heads and food in their bellies when it really counts. So if you aren’t saving and you don’t have those vital insurances – make those changes today, you never know when you’ll need them. 

4 Things Everyone Should Know About Cars and Driving

There are plenty of advantages to owning a vehicle, as we all know; indeed, that’s why so many of us fork up the cash to get a nice set of wheels in the first place. However, sometimes, that’s where a person’s knowledge of their vehicle ends.

They can tell you the color and the manufacturer, but not so much more and this can have consequences, especially financial consequences. If you’re going to be a responsible car owner and driver, then there are some things you’ll need to know. Below, we take a look at four such examples. 

What Are You Driving?

First thing’s first: what are you driving? Not all cars run the same, even though that’s generally what people think. It’ll be in your best interest to read the manual.

It’s not the most exciting of tasks, sure, but there is a reason why they put one in the vehicle: they’re full of useful information that might just save you some money further on down the line. It’ll tell you the correct way to drive it, the type of gas that it needs, and so on. 

The Maintenance Schedule

It doesn’t matter whether you’ve got a brand new vehicle or one that has been driven 100,000 miles: it’s hyper important that you’re staying on top of the car’s maintenance.

Like with most things, it pays to be proactive. Your car might have a small issue that is easy and inexpensive to fix when it first presents itself, but which, left alone, could turn into something much more problematic. Some of the tasks you’ll be able to do yourself, but others will require the hands of a professional.

It never hurts to take your car into a service every few months or so. There’s also value in finding and building a relationship with a trusted mechanic. 

If Something Goes Wrong

All going well, you’ll have a relatively straightforward driving career, in which you won’t be involved in any incidents. However, there are no guarantees.

As such, it’s important that you know what to do after a minor car accident. This will help you to get treatment for any injuries that you sustain, and also ensure that any financial compensation that is owed to you comes your way.

Nobody expects to be in a car accident, but they do happen from time to time, and as such, the best way to ensure nothing bad comes from it is to be prepared.

Changing Tires

If you own a vehicle, then you should know some basic car-related maintenance tasks. Take changing a tire, for example. This is something that is very straightforward if you know how to do it.

There’s nothing worse than leaving work, and realizing that you can’t get home because you have a flat. If you don’t know how to change the tire, then you’ll need to call someone out and wait for them to arrive.

If you can do it yourself, you’ll be on your way in fifteen minutes or so and you’ll have saved some cash, too.

Protecting Your Investment When Buying A Vehicle

The vast majority of us depend on a vehicle of some description to get us from A to B. Whether you have a motorcycle, a car, a truck, or a pushbike, it’s always wise to think about protecting your investment. There are ways to save money on driving, and it’s also possible to reduce the loss of value when buying new cars and bikes. Here’s a handy guide to help you ensure the decisions you make on the forecourt benefit your bank balance. 

Old versus new

One of the most pressing questions people ask when they’re looking to replace a car or a motorcycle is ‘should I buy a new or an old vehicle?’ Many people like the idea of getting a shiny new bike or car straight off a transporter, but the reality is that often, buying brand new is a move that won’t make financial sense. The value of a car, for example, will drop the moment you drive away from the dealership. If you do want to invest in a new model, it’s worth waiting a few months or a year and buying nearly new instead. This way, you’ll pay less for the car, you get the thrill of driving around in a sparkling vehicle, but you won’t be losing money as fast. 

Investing in classics

Old cars aren’t usually worth much, but there are some vehicles that buck this trend. Classic cars and motorcycles that have a distinctive brand name and a sought-after style can be worth a fortune. There’s a limited number of relics from ages gone by around now, and collectors and passionate drivers and bikers are willing to pay a premium. Old-fashioned cars and cruiser motorcycles like Harley Davidson bikes are in demand, and if you’re looking to invest in an asset that has a better chance of appreciating than a brand new model, this could be an avenue worth exploring. You might have to do a bit of patching up and look for parts on sites like Solomotoparts to restore an unpolished gem to its former glory, but your commitment will be rewarded. If you’re not au fait with the inner workings of an engine, it’s best to seek professional advice. 

Looking after your vehicle

car

For many people, buying a car or a motorcycle marks the second most significant financial investment after purchasing a house. If you’ve spent thousands on a vehicle, it makes sense to protect your asset. If you take good care of a car, for example, you’ll save money on repairs, you’ll increase the chances of the vehicle holding its value, and your car will be more marketable if you do choose to sell. Keep up to date with regular services and checks, drive carefully, and get any suspicious noises checked out as a priority. 

Picture taken from https://pixabay.com/photos/harley-davidson-harley-davidson-2651708/

Are you looking to buy a new car, or are you thinking of adding to your collection of motorcycles? Many of us are excited about driving a new car, truck or bike, but it’s important to use your head as well as your heart and take steps to protect your investment. 

Essential Mobile Phone Tips

A mobile phone is a device which pretty much everyone should have in their arsenal, and it is something that also allows us access pretty much any computing tool we could possibly need out and about in our daily lives. If you have a mobile phone and you are looking to make the most of it, here are some of the best tools and tips you can use. 

Sharing data across devices

The first thing you will want to do on a mobile phone is share data. Whether it be an image or video, or a document to share with friends or colleagues: data transfer is an essential feature to take advantage of. There are many ways to transfer and share data such as through email and message, through Dropbox or Google Drive, or even via Airdrop if you have an iPhone. If Android file transfer not working on Mac, take a look online for some handy tips and then you’ll be able to make the most of this feature. 

Digitise your documents

Gone are the days where we print every single document out and file it in our cupboards. These days, the best way we can make use of our mobile devices is to create and edit documents directly to screen. Tools such as Sheets, Docs, OneDrive and OneNote can be used effortlessly on your mobile phone to allow you to make full word or spreadsheet documents no matter where you are. If you are a writer or someone who needs to work on the go, this is a helpful thing to do. 

Emergency contact

If you have an iPhone, the most important thing you can do is to add your emergency contact process to the lock screen. This is a clever feature which links up with the health app on your phone and will allow the emergency services to gain an insight into any health issues or medication you have if you are injured and unconscious. This is a feature you may not immediately know about but it could save your life. 

Control your computer with your phone

We all know the situation. You have left the house or the office, and you have just realised that you need a specific file or you need to shut down your device. This can be a huge annoyance, and to save you having to head back to the office to fix the issue, you can instead control your computer from your phone. Teamviewer is a helpful app which you can install on both your phone and computer, and it will allow you to access your computer via your phone if you are ever out and about. 

There are many amazing tips and tricks for using and making the most out of your phone, so make sure to take a look at these tips today and delve deeper into your phone settings to see if you can find something new. With these different features, you can make the most out of your mobile and utilise it for many things.

How Can You Save the Most Money on Repairs After a Car Accident?

Car accidents can be costly. In addition to getting treatment for your injuries, you also need to worry about your car, which may be your only means of transportation.

Even a relatively minor crash can cause major cosmetic, structural and mechanical damage to the vehicle. As a result, you may suddenly face expenses for a rental car, extensive vehicle repairs or a new car. The good news is that you don’t have to break the bank to get yourself back on the road. Here are a few suggestions to follow:

Review Your Insurance Coverage 

If another driver caused your accident, you can file a property damage claim against that driver in addition to your claim for bodily injury damages. Texas law requires drivers to carry at least $25,000 in property damage liability insurance. In some cases, an insurance company may offer to settle a property damage claim and even pay for your rental.

However, you will likely have to file a property damage claim with your own insurance company if:

  • The other driver’s insurance company refuses to accept liability
  • The other driver has no insurance or has insufficient insurance
  • A hit-and-run driver caused your crash
  • You were largely at fault for the accident.

You should review your own insurance policy as soon as you can after your accident. You will want to see whether your policy includes coverage such as:

  • Collision – This insurance will pay for the repair or replacement of your car, regardless of who was at fault. Still, you will likely need to pay a deductible. This coverage is different from comprehensive insurance, which covers non-collision vehicle damage.
  • Uninsured/underinsured motorist coverage – This coverage will kick in if the at-fault driver has no insurance, has insurance that fails to fully cover your property damage or fled the scene after the crash and cannot be located.
  • Towing and labor – This form of coverage pays only for towing your car if it is so damaged that it can’t be driven away from the accident.
  • Rental reimbursement – This coverage will pay for renting a car while your car is being repaired. If an insurance company declares your car to be “totaled,” and you accept the insurance company’s offer to pay you the actual cash value of your car, then you can expect the rental car coverage to end within a matter of days after you accept the offer.

If you cannot understand your auto insurance policy or have questions about it, you should speak with a lawyer. Many attorneys will handle a property damage claim in addition to handling a bodily injury claim.

Don’t Be Afraid to Negotiate with the Insurance Company

Typically, when you file a property damage claim, an insurance company will use one of its local “preferred” repair shops to estimate what needs to be repaired on the vehicle and what it will cost. The insurer will then offer to pay that amount in repairs, or it will declare the car to be a “total loss” if it finds that the cost of repairs is too close to the car’s actual cash value. However, you don’t have to accept the insurance company’s determination.

You can negotiate. For instance, you can ask one or more other repair shops to inspect your car and give you a repair estimate. If you disagree with the insurance company’s determination of your actual cash value, you can get written price quotes from local car dealers or other sources to show what you think is the right price. With this information, you may be able to negotiate a better deal for the repair or replacement of your vehicle than what the insurance company offers.

Talk with an Attorney Before You Talk with the Insurance Company

Unfortunately, insurance companies often take advantage of car accident victims. After all, they are in a for-profit industry. Often, an insurance company will contact a victim within days or maybe even within hours after a crash and make a settlement offer. If this occurs to you, then you should wait before you say or do anything with the insurance company. Instead, you should contact a lawyer.

An experienced auto accident attorney can review the facts of your case to determine not only liability but also the value of your potential personal injury and/or property damage claim. The attorney can provide a solid advice that is ultimately aimed at getting you the maximum amount of compensation for your losses.

The Biggest Benefits from Using Collateral Loans

There is a good chance that you need to borrow money at one time or another, just as many other Australians do. After all, Australia’s total household debt to GDP ratio is far ahead of many other countries, at over 120%. So, there are plenty of people out there thinking about getting a loan at any given time.

However, when the time comes to take out a loan will you make the right choice? There are several different options but there is no doubt that using your possessions as collateral is a move that makes a lot of sense.

Teen driver in car” (CC BY 2.0) by State Farm

A Fast, Slick Process

None of us wants to hang about waiting for a loan to be approved or for the funds to be released. This is one of the most frustrating things about bank loans, as they can take an eternity to be assessed and then drawn down.

This is where collateral loans can really save the day. Since there is nothing really to be assessed, the money is given to you a lot quicker. You might need it quickly for an emergency, meaning that this speed is even more vital.

You might not always need to borrow money in such a hurry. But there is no denying that it is a huge benefit when you just want to get things sorted out. Even if you aren’t in particularly in a hurry for the money, arranging it quickly lets you get it over and done with so you can focus on something else now.

No Chance of Being Rejected

The fear of being rejected for a loan is something that stops a lot of people from even asking for one. As well as being a bit annoying and embarrassing, this is also a huge waste of your time. You don’t want to waste precious time on this only to be let down in the end.

All of the effort that you put into applying for a loan will go down the drain in this case. Being rejected for a loan might also put you off the idea of asking for money from other lenders, even if you really need it for some reason.

The good news with collateral loans is that there is no chance of you being rejected. This is because they don’t assess your credit history, your employment or anything else. As long as you have a possession such as a car with no other loans on it then you will be accepted.

Get a Loan Whenever You Need One 

You might never know when you might need a loan. Life can sometimes sneak up on you with emergencies that require you to have more money than is sitting in your account right at that moment.

This is when it is good to know that you can get a loan sorted out speedily and with no fuss. You don’t need to put off this expense any longer than you should. You can also use the same item as collateral for a number of different loans at different times.

Sort out your loans in this way from now and you will discover that borrowing money whenever you need it becomes a lot easier.

Saving Money On The Most Important & Expensive Life Events

Life, if you want to live it well, can be costly. Happily, saving money on the most meaningful life events is possible. In fact, if you do the hard work ahead of time and learn what things cost and to save, you still do all the things that are most important to you.  You can even read our strategic tips on this topic in the post below. 

Getting a place together 

When you find that special someone to share your life with it often feel as if the next natural step is to move in together. Of course, this usually means getting a bigger & more expensive place, especially if you’ve only been renting a single room or living with your parents so far. 

In fact, the amount you can expect to pay for a home can differ wildly depending on the size and location of the property you want. To that end, you must do your research on the areas you want to live in before you start booking viewings. In fact, it’s also vital that you check your merged budgets to see how much you have available to spend on rent as well.

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Although it is worth knowing that you can often negotiate a discount on the monthly cost unless you are in a very popular or expensive area. You can also save money by getting a furnished apartment too. You can even buy preloved furniture pieces or even ask friends and family for donations when you move in. 

You may even be able to save some money by buying a home rather than renting one. After all, they often cost around the same in monthly fees. While buying is also a great way to invest your money, and earn back a decent return over the long term. Something that can help you cover the other costs mentioned below 

Engagement 

Once they have lived together for a while, many couples decide to take the plunge and tie the knot. Of course, that means one person has to propose to the other, something that many people expect to come with an engagement ring. 

Picture source

To that end, whoever proposes should budget for the ring ahead of time. After all, it used to be that an engagement ring was meant to cost at least three months of wages! Although as you will discover in this post on budgeting for the perfect ring, this is no longer necessarily the case. In fact, it’s less about how much you spend now and more focused around the style that the other person wants. 

Luckily, this is something you can talk about well ahead of time. In fact, if the person being proposed to is happy with a vintage option, you may be able to keep the costs down even more.  Also, many couples are now deciding to go and look at rings together, making the entire process a lot easier. Although, when looking at rings, it does help to have a good idea of costs already. 

Marriage

The lifetime commitment that is marriage is often celebrated with a large party, something that can cost a vast amount. In fact, some USA couples spend upwards of $25,000 on their wedding day. The good news here is that there are lots of options that allow you to mark the significance of tying the knot without clearing out your bank accounts. 

One is to hold a smaller wedding because such celebrations are often charged per head. That means the fewer people you have, the less you will have to payout. Another option is to elope rather than get married in your hometown. Couples choosing this usually go alone, or with just a few members of their families, and so the costs involved are significantly reduced. 

That is not the only way you can save money on your wedding though. In fact, many people that want a more traditional big day choose to get crafty and make their own decorations and invites. The latter being something that can cost up to $75 per head, and isn’t even something directly related to the big day itself! 

Having a baby 


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Another one of the most expensive life events is when a couple chooses to grow their family and have a baby. In fact, it’s not just the pregnancy and delivery care that will need to be paid for, but all the baby basics as well. Which often include things such as nappies, food, wipes, strollers, and cribs 

One way of ensuring that having a baby isn’t a life event that breaks the bank is to carefully work out a budget of what you can afford ahead of time. Something that will need to include maternity or parental pay for the person taking care of the child, rather than their full wage. 

Additionally, there are some smart choices you can make to keep the cost of having a baby down as low as possible. Of course, the first is to get medical insurance that covers the cost of pregnancy and labor care, as this can save you thousands of dollars right away. 

Next, don’t forget that breast milk is free. Then once Baby starts on solid food, making your own is much less expensive than buying the individual jars. 

You can even get essential baby accessories such as strollers and cribs preloved for a knockdown price. After all, people only use these for a very short amount of time when their baby is young. Something that means they are often fantastic condition, but cost a fraction of the price they would new. 

Summary 

In summary then, despite some of the most critical events in life being ones that could clearly empty out your bank account, they don’t have to be.

In fact, if you are savvy about planning for them in advance, and educating yourself on the costs involved, you will be in a much better position to find yourself a bargain. 

You can also use strategies such as making things yourself, buying preloved, and even getting donations from friends and family to help you keep the cost down. All why still experiencing the most meaningful events in life to the fullest capacity.