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15 Money-Saving Hacks We Can All Learn From Our Mums

15 Money-Saving Hacks We Can All Learn From Our Mums

1. Make do and mend

My mum is a one for making weird tube tops and horribly unfashionable dresses (or sacks…) out of old sheets. Maybe you’re not a dab hand with a needle and thread but I bet you can cut your old jeans into a new pair of hawt to trawt shorts, eh? They look way more unique, no one else will be wearing them, you’ve saved an arm and a leg and you’ve been a green citizen, all in a stroke of the scissors.

2. Bulk buy

Remember rolling your eyes at the pack of 15 toilet rolls your mum stuffed into the car boot? Well you may be the new nutter on the block with your crate deliveries of 50 tins of beans, but you’ll have more money in your pocket and you’ll never be caught short on the loo again.

3. Just keep walking

Remember those endless journeys, Mum’s empty promises of ‘just around the corner’, the constant ‘are we there yet?’s as you trekked towards a destination that should have been a ten minute drive? These days, we jump on a tube for one stop on the line (it’s genuinely quicker just to walk down the road most of the time) and that’s an expensive trip. So get your free on and take a walk in your mum’s footsteps.

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4. Nom nom, time for some tasty leftovers

The phrase ‘waste not want not’ is a permanent motto in my mum’s kitchen and bread mould is no match for a sharp knife. There’s something to be said for leftovers, ladies and gents. Don’t throw them away – drag out your golden god pasta bakes and your meatilicious lasagnas for lunches and dinners all week long if you want to avoid the dreaded total on your supermarket receipt.

5. A little bit of Lidl

I think every mum has a soft spot for a bit of bargain hunting, an excitement overload when the shelf price is below a pound, and all mum’s are fools for 3for2s and half price deals. We all love those crazy German cereals, those big yellow prices on the shelves, the questionable vodka bottles for under £5 (it all tastes the same once you’ve added some fifty pence a litre cola). And I’m only exaggerating a little folks. Lidl is the place to save your pennies.

6. Share your baths

We’ve all screamed at our mums for plonking our naked siblings in the bath beside us in those long lost times of yore, but did she have it right? I know, we’re not in the Victorian times, but I mean come on, how dirty are you? Leave the bath in for your housemates or, hey, why not have a sexy naked night in with your partner? Either way, forget about those water bill nerves.

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7. Bodge it

My mum with a screwdriver is a scary sight – so why not provide some free entertainment, and potentially, if you’re really really lucky, a free fix, and do it yourself? Sometimes, the perfections lie in the imperfections (or maybe that’s just how I like to think of it…) But folks, if you can fix it yourself, do it – save money, make your house your home, have pride in your work. And if it all goes to hell, well, it’s a funny story for later.

8. Make friends

My mum happens to be very good at this one. The ex husband’s sister’s boyfriend of Mary wotsit down the road is a painter, and he’s doing the house on the cheap because good old Mum is such an old friend… kinda… Isn’t that nice of him? Isn’t that nice for your bank account, too?

9. Show some self-restraint

Now this is a quality my mum entirely lacks, and hence the lesson that has stuck with me the hardest. When your mum comes home with a new handbag every day, a different pair of boots in a slightly different shade of black to the last pair, it’s all alarm bells that echo way into your adult life. Don’t throw your money away.

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10. Grow your own

Maybe your mum’s not as hipster as mine, but a herb box is always part of her garden. And it always saves us on ingredients. Grow your own veg and herbs and never go without again – it’s always economical when you can sustain yourself. Bear Grylls style, eh?

11. Pay your belongings some respect

My mum is always gasping when I drop my phone (which happens a few times a day) and rarely lends me her stuff (I wonder why…) She treats her books like prized artifacts, refusing to throw any away (EVER) and has trinkets and earrings that have survived even the eighties (a feat in itself). Unlike half of my friends, she will never, ever leave her phone in a taxi. And this will save her lots of money (oh how we have all learnt that the hard way…)

12. Manage your own books

It’s definitely a mum thing – a little notebook with numbers scribbled all over. Yours can be a spreadsheet on Excel but my mum will always be a pen and paper gal. She notes down every single transaction she makes and checks the figures against her bank statement. Good luck, fraudsters and con artists. My mum is on your case.

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13. A holiday is only a click, another click and a few hundred more websites away

Research can be key to saving your pennies. My savvy mother has trawled the internet for the cheapest getaways many a time. There’s a World Wide Web out there, folks, full of comparison sites and Google Shopping pages (sort by lowest price first? Yes please). So don’t splash out on the first thing you see, follow Mum’s virtual footsteps and do your research.

14. Be generous

This one may seem counterproductive, but mums everywhere will preach the same old pearls of wisdom: you get back what you put in. Help a friend in need with a cash loan and you never know how grateful they’ll be a few years down the line. Invest a large sum across companies and you could earn some impressive profits. Life’s a lottery so let’s give it all we’ve got.

15. Don’t forget that the best things in life are free

If my mum taught me anything, it was not to worry about money. Go for a picnic if you can’t afford a big meal. Enjoy the little things in life and remember – you can always make more money. It’s those memories rather than the pounds that will keep you going when you’re old and grey, and remembering all that sound advice your dear mum passed on. So thanks for all the help, my wise old ma, who has never cost me a single penny but is worth a million and more.

Featured photo credit: Compfight via static.flickr.com

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Last Updated on March 29, 2021

Life Insurance: A Secure Way To Protect Your Future.

Life Insurance: A Secure Way To Protect Your Future.

Life is a journey full of ups and downs. No one can actually predict what might happen the next moment; there are times where the happiest moments do not even take a second to turn into the gravest. Planning for your future can help you face such unwelcomed but irrepressible situations with much ease. We all want to make every memorable event of our life more special and to cherish all those moments happily and worry less, you must financially plan your future. But no one has control over life and death. Who would wish to see his family suffer in his absence? Insurance hands over the financial jeopardy of life’s happenings to an insurance company.

Importance of getting a life insurance

No one has control over life and death. Nobody would like to see their family suffering in an absence, and that’s why many people recommend life insurance. A life insurance plan is one of the best ways to secure the future of your family, even against those financial troubles after an untimely demise. These plans are safe and credible, and you could trust them for your family’s better future.

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On the other hand, a life insurance policy is a contract between a company (insurance provider) and policyholder in which the insurance provider ensures to pay a certain amount of money to the nominated beneficiary in case of the policyholder’s death during the term of the agreement. There are different types of insurance plans, and it is important for you to know the benefits of those plans such as a funeral, medical or some life expenses provided they are mentioned in the agreement.

Choosing the right insurance plan

If you’re about to select an insurance plan, you should consider some important factors:

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  • The time at which you start investing in a program and the number of family members you want to get insured. Obviously, a married man with two children has different needs compared to a single one. The number of persons who are dependent on an individual also varies from person to person.
  • The next thing you need to consider is you and your family needs. What are your child’s dream, your retirement plans, for how long would your dependents need financial support, any personal injury, etc. And do not forget those events or situations that will surely demand a huge sum of money.
  • The next thing one must consider is your current income. You should preferably choose a plan which you can afford.

Now you must be having a pretty clear idea of how to choose the best plan for you. Further, you should also compare various plans offered by different companies and numerous sites available online that help will you to compare them.

Differences between life insurance plans

Here’s a short brief of some plan categories you can choose according to your needs:

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  • Term Insurance Plan – You have to pay once, and your nominee gets the paid money under your misfortune demise. It ensures a person for a fixed time. If you survive the policy period, you do not get your premiums back.
  • Whole Life Policy – This plan continues for your lifetime. Under this, the policyholder has to pay regular premiums, until their death.
  • Endowment Policy –  In case the individual dies during the tenure, the beneficiary gets the amount assured. If the person survives the policy tenure, they gets back the premiums paid with other investment returns along with several other benefits.
  • Money Back Policy – In this a portion of the money invested is returned to the investor at regular intervals. If you survive the insurance term you get the entire amount back; else the beneficiary receives the entire sum assured.
  • ULIPs – These are the life insurance plans that offer you future security plus wealth creation options.

Many people do not opt for whole life policy and endowment policy because of the high amount of money you need to pay, while others may prefer to opt for these if they have a high life expectancy. Surely you will find the best one for you.

So what are you waiting for? Plan for your future and live a happier and carefree life today.

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Featured photo credit: aryehsampson.com via aryehsampson.com

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