Money Saving Tips For Renters In Swindon

The millennial generation are already being referred to as Generation Rent and Debt, and it’s for good reason.

The cost of living has dramatically increased, and more young people than ever are falling into debt and not being able to buy their own house due to the rising house prices that appears to be never ending.

The majority of people who rent generally do not actually prefer this over buying their own home – most of the time they simply have no other option.

Nevertheless, renting is also at record highs across England and Wales, and with UK family spending habits changing in order to help with the additional costs of bills and mortgages, the millennial generation in Swindon will often look to renting as opposed to buying – for sheer affordability.

But that doesn’t mean that they can’t save while they’re renting. Here, we’re taking a look at some money saving tips that can help you to start saving up those extra pennies if you’re renting in Swindon.

Find A Cheaper Property

One of the major benefits about renting in Swindon is the fact that property prices aren’t as extortionate as they are in some major cities.

While that doesn’t mean that they are cheap, they can often be more affordable if you’re looking in the right areas. Before you rush into renting the first property that you see, make sure that you’ve done your research about the area, any additional fees that may not be included within the rent, and scour the market for a property that suits you.

Finding a cheaper property will generally mean moving away from the town centre, but that doesn’t mean that your property needs to be inaccessible from the centre of town. Make sure you’re searching around the town and trialling a range of estate agents before settling for a rental property.

Reduce Or Clear Your Credit Card Debt

The interest rates on credit cards can be extremely problematic for people who are looking to save.

Before you start trying to implement a range of different saving techniques, you’re going to want to tackle your credit card debt first.

This will free you up some cash, and stop the debt from building up as you go. In addition to this, reducing your debt will give you a better credit rating, which could get taken into account when you’re looking for a rental property, and will definitely help if you’re looking at getting a mortgage.

Pick Up A Side Gig

There are plenty of opportunities within Swindon where you might be able to pick up a local, part time job that will really help you when it comes to your savings.

While this might be the last thought on everyone’s mind (who wants to give up their weekend after all), this can really help you on your way to boosting your saving fund. This doesn’t have to be a part time job where you end up working 7 days a week with no time for yourself.

This could be anything from house-sitting to even be a mystery shopper. There’s plenty of opportunities to find in Swindon if you’re looking for a little extra cash to help you save while you’re renting.