Ten ways to beat the recession and put more money in your pocket

Five years into the recession now and although there are signs that growth is returning in the Irish economy Ireland faces more pruning before we face more gentle budgets. This year’s budget was one of the harshest in living memory. Property tax was introduced. Child benefit was cut by €10 per child for the first two children. Many people are struggling to meet mortgage repayments and are in negative equity. It is my aim to share some of my money saving tips. But I would really love you to share yours too so that together we can get rid of our money worries once and for all. 

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Thanks to secrets-2-success.com.

  1. Rent a room out in your house. You may not have a spare bedroom at the moment. I moved our children into the smaller bedroom to free up some space. Foreign students are willing to pay for bed and board. We just a student stay with us for two months. Call your local TEFL academy and offer your services. They often have enquiries from students looking for accommodation. 
  2. If you find that you want to trade up but cannot afford it consider renting out your own home and renting a larger house. You may be able to rent a considerably larger home without having to deal with the bank.
  3. Talk to your bank if you are struggling to pay your mortgage. You may be able to pay interest only for a number of years.
  4. Don’t use your credit card for Christmas shopping. Only use your laser or credit card. Pay off your credit card bill in full every month. The interest on credit cards is considerably higher than other sources of credit. 
  5. Shop around for your presents. I priced a Lego set for €78 on the high Street. It was available on EBay for £38 + £10 postage – equivalent to €60. 
  6. The National Consumer Association advises that you make sure you are getting all of your tax relief benefits and/or social welfare entitlements. See revenue.ie, welfare.ie. 
  7. Make sure you don’t duplicate insurance policies. Nca.ie states that you may be covered for some elements of travel insurance by your health insurance provider.

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    Thanks to Financefox.ca

  8. Bring a shopping list to the supermarket. This cuts down on the temptation to impulse buy. I try and have a meal before a supermarket shop for the same reason. 
  9. Have a garage sale. Some of the junk in your garage is treasure to others.  Photograph the items and sell them on gumtree.ie and on donedeal.ie.

    Garage sale

    Thanks to Golden Nugget Flea Market

  10. Consider house swapping as a cheap holiday alternative. You can save on accommodation and car hire. You will also have many of the conveniences which hotels don’t offer in you host home. We house swapped two years ago with 1sthomeexchange.com and really enjoyed it.

I hope you can adapt some of this advice to your situation. Please share your comments and tips.

 

Check out these books: The Hutchinson Money Minder

Money Guide 

The Independent Woman’s Money Guide: Take Charge Of Your Finances And Make Your Money Work For You

Money Management

What Spaniards are reading

I attended the Diario de Navarra’s electronic book club webinar two weeks ago hoping to find out what it’s members were reading and to get a snapshot of what Spaniards are interested in. I was interested to find out that the Diario de Navarra is the only newspaper to have a book club in Spain.

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Belen Galindo, co-ordinator of the Diario de Navarra´s book club

Among the Diario de Navarra’s most popular authors are Juan Jose Millas and Pamplones Juan Gracia Armendariz. Recommended reads included Disgrace, by J.M. Coetzee and Juegos De La Edada Tardía, by Luis Landero. (I haven’t been able to find a translated version of this.) Against The North Wind, unfortunately not yet translated to English, by Daniel Glattauer, was recommended as a Summer read.
Writers to watch for the future are Margarita Leoz, Ignacio Lloret and Julia Montejo.

Incidentally the Diario de Navarra is a centre right newspaper similar to the Irish Daily Mail.

How does this compare to what you are reading? Are you interested in any of these writers? Feel free to comment.

Full Tilt

Dervla Murphy started her journey from Ireland to India from Dunkirk on 14 January 1962. But although Dervla´s story is just over 50 years old it is still relevant to today´s readers. She  planned on travelling through France, Italy, Yugoslavia, Bulgaria, Azerbaijan, Turkey, Afghanistan, Pakistan and finally India. Back then and today, many of these countries, given their unstable political climates and their attitudes to women, would have been unsafe for a woman to travel through, alone on a bike – even if she carried a .25 revolver with her. Dervla had her share of scrapes and it was lucky she brought her pistol with her because she would not have lived to tell the tale without it.

I really admired Dervla´s effortless ability to make friends and network so that nearly every night she stayed with and learnt from the natives – be they ambassadors or peasants. Or if not Dervla nonchanantly laid her head down at the side of the road and slept soundly, reminding me of my father and business partner – who can sleep anywhere and at anytime – a very useful skill to have.

If I was to follow in Dervla´s footsteps I don´t think I would bring a gun. I´ve done my fair share of backpacking. The worst incident I had was in a train station when I had just arrived in Lviv, Ukraine, on a sweltering night in July 1999, with Co. Antrim´s Corrymeela Community. Two sweaty policeman apprehended our group and took our passports from us and started shouting in their pidgin English “Problem!” It seemed they had rehearsed this one before. After two minutes of them shouting at our passports one of the group had a bright idea – they showed them a handful of dollars. “Problem” solved. A gun would not have helped.

Thanks to askaboutireland.ie

Dervla noted that women were treated very poorly in parts of Pakistan and Afghanistan where the purdah system is used. This is where women were sent to separate rooms or kept behind a curtain when guests arrived in the home. In Afghanistan Dervla stayed in a hotel where “the womenfolk were incarcerated while they (the men) went to town”. Open minded as Dervla was she found this hard to stomach. For many women in Afghanistan this way of life has not changed.

If I could talk to Dervla now I´d ask her about her kit: what would she leave out/include now? She´d probably make few changes. I´m sure she´d bring a smartphone now. Would she bring a Lonely Planet guide? Not her style. Dervla brought £300 worth of travellers´ cheques – a huge amount of money. My parents bought their house two years befor her trip for £500 on Dublin´s northside.

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Picture by the Daily Telegraph

Why has Full Tilt remained such a hit among readers? I´d say its because of Dervla´s journey through countries which still remain off the beaten track for travellers. Her belief that any stranger is a friend that she hasn´t made yet made it easy for her to find a roof for her head nearly every night. There is something about her ability with people that makes her the envy of backpackers and explorers. Also her mode of transport has become fashionable again. Bicycles remain one of the best ways to discover a country. I really enjoyed reading Full Tilt and look forward to reading more of Dervla´s books. You can buy Full Tilt here.

Daniel Topolski

Daniel Topolski last April spoke, in the Telegraph,  about the protest made at this year’s Oxford Cambridge boat race by Trenton Oldfield. He agrees with Oxford crew member, Will Zeng’s sentiment that the protest was unfairly disrupting the efforts of these hardworking and dedicated students. According to the article, Zeng believes they are elitists.

Daniel Topolski

Picture by Stefan Lubomirski de Vaux

He knows what it is like to have one’s honest efforts thwarted. He tells his story of the Oxford Boat Race in 1987 in “True Blue”. His team mutinied against him citing his training methods as being too tough despite his having brought to an end Cambridge’s run of victories. Topolski effectively fielded his B team and won against a particularly strong Cambridge team.
You can buy Daniel´s fascinating story, “True Blue”, here.