How to reduce expenses?

Saving on grocery shopping and spending

• Look out for promotions and special offers and buy family packs where possible.
• Choose products that are private labels of the respective supermarket. They are usually cheaper than the actual branded items.
• Buy fruits and vegetables that are in season.
• If possible, avoid convenience products, i.e. products or meals that are already pre-cooked.
• Shop with a list - and a full stomach. That way, you'll be less tempted to add too many extras to your basket.

Saving on major and minor purchases/expenses

Second-hand shops or second-hand stores offer another opportunity to save money. However, make sure that the products are intact and in good working order. You can also save a lot in sales - depending on the product, there are always sales throughout the year.

Ask your friends, too. Many have goods at home that they no longer need: Especially children's clothes and toys are gladly passed on.

If you are making a major purchase, you can also unabashedly ask for a discount. Sometimes it is worth buying a display copy from the shop window or showroom instead of the still packaged object.

Used cars are also worth considering: experience shows that the greatest loss in value of a vehicle occurs in the first few years. It is important that the vehicle is checked carefully before you sign the contract. The best thing to do is to take a TCS test or have a specialist accompany you.

When it comes to living, it makes a difference not to use heating and electricity unnecessarily - so switch off unnecessary lights, turn off electronic devices altogether (not put them on stand-by), and heat with restraint.

You can avoid a big deficit in your bank account at Christmas by setting aside some money each month for gifts.

Apply for a loan

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