Being frugal is all about getting value for money and sometimes, an initial expense can potentially save you a lot in the future. Here are my top three expenses that have been sound investments:
When your exhaust falls off on the North Circular or you are stranded on the side of the M25 because your power steering has gone (yes, both true stories) there is nothing you are more grateful for than car breakdown insurance. In the past we have paid for it through premium bank accounts but now we have switched to Autoaid. It works a bit differently to the normal AA or RAC as you have to pay upfront for any services and then they refund you. If you fancy sticking to the big boys then subscribe through Quidco and you get basic AA for as little as £20.
Amazon prime costs £49 a year which seems like a lot of money until you work out what you are saving. Not only are things usually cheaper on Amazon than anywhere else but you are also getting free next day delivery. This means that you don’t need to waste your time, petrol or parking costs leaving the house to find something. Even if you only order one thing a month – and we order everything from baby toys to light bulbs – it is still worth the initial expense.
Like all insurance, pet insurance seems like a lot of money until you need it. But vet’s fees can be very expensive and you never want to be faced with the agonising decision of declining treatment because of the cost. Look on comparison sites like Moneysupermarket to compare policies and make sure you understand the different types available. Moneysavingexpert.com offers a good guide on this.