All EOS blogs All Spain blogs  Start your own blog Start your own blog 

How to save money in Spain

How to save money in Spain, and how to find ways to save money online. Saving money is something that we are all a bit interested in. Find out how you can stop losing money on foreign exchage and currency rates and save money on foreign exchange rates instead. Find out how you can save money by an expat financial review. Learn more about expat health insurance and how you can save money on every day living expenses in Spain. You may even be able to save money on tax, and make the most out of your UK pension

How to Boost Your Income in Retirement
14 April 2019 @ 17:33

Has your pension income flatlined? Most people around the world only have a certain amount of income in retirement. Unfortunately, interest rates are still low and are not likely to increase in the near future.  It is not only you who are affected. Millions of retirees have been affected by steadily falling interest rates.
This has forced many retirees back to work, many have found themselves struggling even though they thought they were going to have good retired incomes. The truth is that living costs are out of line with many pensions. 
Instead of enjoying their retirements, many have been forced to go back to work. These days, you are likely to find retirees working in supermarkets and gas stations to make ends meet. Should you find yourself in a similar sort of situation, it could be a good idea to check out what you can do to help yourself.
Are Your Owed Any Money?
First of all, check if you are owed any money. If you live in the UK and were born before May 3, 1953, you are entitled to what it is known as the Winter Fuel Allowance. This means that you are entitled to an extra payment of £100 up to £300 per year. 
You should also check if you are owed any money from banks or building societies. PPI has been very much in the news and is still an issue in the UK. Check out if you are eligible for a PPI claim
Find a Job
Yes, it is a good idea to find a job. But, do you need to leave home to work? If you need to travel to work, you need to take any travel expenses into account. Fuel is not cheap, and driving to work can easily cost you a lot of money. 
There are smarter ways to work. You could become a dog sitter and walker, take in ironing, or even do some sewing. Of course, you can also work online. Setting up your own blog is a good idea. You can make money from your blog using online advertising schemes such as Adsense and affiliate marketing programs. 
It is not difficult to become a blogger and companies such as Weebly makes it easy for you to set your first website. Even if you have not tried blogging or creating your own website before, you will find it easy to do with Weebly. Who knows – you may even become a Digital Nomad! 
Make Sure You Make the Most Out of Money Saving Schemes
Popular supermarket bonus schemes can help you to save money if you use them in the right sort of way. It does not seem to matter where in the world you live, you fill that your local supermarket will have some sort of loyalty card scheme. They can save you money, but you need to be clever about how you use your points. If you are savvy enough, there are some high ticket items which you never need to spend money on again. But, you need to think ahead. 
Also, you need to check out cash back credit cards and make sure you make the most out of your ISA allowance. More and more banks are leaving the UK high street and it can be hard to find financial advice. Not all of us like to use services such as internet and telephone banking. 
Cashback sites can help as well, and there are a couple of good ones that you could try. You could even set up a newsletter promoting the best deals on cash back and discounts sites. 
In other words, there are a plethora of ways to boost your pension. Keep an eye on how much money you are earning to inspire yourself and others. 

Like 0


marcbernard said:
14 April 2019 @ 18:24

If you are speaking about the need to save money because things are tight, it is not sensible to suggest that those in that situation could put money they don't have into a ISA, especially if they are not a resident in the UK, since it would not be legal for them to so invest.

Only registered users can comment on this blog post. Please Sign In or Register now.


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x