Dear friend,

With pay-day around the corner, and the economy struggling to lift its head above the murky waters, today Insider Secrets uncovered four ways for you to save thousands this year...

1. Sleep tight with this home-loan secret

If you're buying a house this year, get a pre-approved home-loan and then buy a house with a price-tag value of 75% of your home-loan. And then, pay extra into your home-loan every month (because you can - you would have had to pay the full bond had you bought a more expensive house)... You'll knock years and hundreds of thousands of rands in interest off your bond.

2. Practice the skill of procrastination

You always knew procrastination was advantageous, right? Well, in this case it is! Set yourself a limit per purchase, say 5% of your net salary. When you want to buy anything with a price-tag higher than your limit, stop yourself temporarily.

Put your purchase decision to the test.

Wait seven days before going back to buy it. Buyer’s remorse often is compounded by a sense of guilt on significant amounts. Chances are good that you'll decide you don’t want it after all.

3. Buying a car? Choose a used car over a new one

If you're looking for a new set of wheels this year, it's almost always better to buy a used (but not abused) car. This way, you'll let the guy who buys the car new, pay the 20% or more in value that most new cars lose in their first year of ownership.

4. Plan effectively to minimise emergencies...

Wheel alignment and a change of tyres isn't an emergency. You can plan for these events - you know when roughly they'll be due. Sit down with your diary and think of all possible expenses in the next 12 months. Then add them to your financial planner today, so you can save up for them.
 
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To your Success,

P.S.  Have you visited www.InsiderConfidential.co.za yet? You could discover dozens of Insider Secrets that could change your life...

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