6 Personal Finance Tips To Save Money On All Major Purchases


One of the biggest reasons people save their money is to make a big purchase. Major purchases like buying a car, a home, and even things like furniture and electronics demand a lot of savings if you can find those UK Hot Deals. It’s important to plan carefully for these big purchases so you don’t find yourself out of pocket.  

6 Personal Finance Tips To Save Money On All Major Purchases

However, with big purchases also come big savings. Luckily there are plenty of personal finance strategies to save money on all of your big purchases. Here are some of the best personal finance tips to save on major purchases.  

1. Save On Your Car Purchase  

Buying a vehicle is one of the biggest investments you can make. With all of that time behind the wheel, you’ll want a car that’s high-quality, safe, and built-to-last.  

There are plenty of cheap cars out there, but spending more isn’t always a bad idea. If you get a car with a good track record for longevity, you’ll save more in the long run.  

The time you buy your car also counts. Aim to buy at the end of a month, when dealerships will be trying to meet monthly quotas and get rid of stock. The end of December is a particularly good time because end-of-year sales match up with quarterly quotas to lead to the best UK deal. Don’t be afraid to negotiate.  

Leasing a car can also be a practical way to save more money. When you lease a vehicle from a dealership, they’ll handle all of your maintenance for you, saving you a lot in the long run. You can also choose to buy the car in full at the end of your lease or upgrade to a better model. With affordable monthly costs, this can often work out better than buying.  

2. Save On Buying A Home  

Chances are, you’ll spend more on your house than anything else in your life. Still, you can spend thousands if you plan carefully and use some clever personal finance strategies.  

You’ll want to compare UK deals on mortgages to make sure you get the lowest interest possible. Saving up to pay a bigger down payment can help you reduce the cost of your home loans.  

Buying in winter or late fall can also be beneficial. Most people buy homes during the warmer months of spring and summer, so buying late in the year can result in big savings. You’ll also have more leverage to negotiate a lower price when fewer buyers are house hunting.  

It can also help to view plenty of houses. Depending on your ideal home checklist, you might be able to make big savings. Homes in less desirable neighborhoods often get you much more bang for your buck. Some people buy homes that need more work done but raise the value significantly after a few affordable improvements.  

3. Save On Electronics  

Things like laptops, tablets, and smartphones are always in high demand. But electronics retailers hold sales regularly, especially when it comes to getting rid of outdated stock.  

One of the best ways to save on electronics is to look at eBay and outlet stores where they have so of the best UK hot deals. A lot of big technology companies sell refurbished and leftover stock online, resulting in massive savings for you. Buying secondhand can sometimes result in savings of up to 50 percent.  

If you want to buy brand new, then there are some great sales windows. Many retailers hold Cyber Monday deals with huge electronics discounts just after Black Friday. Year-end sales are also rife with discount daily deals on laptops, iPhones, and more. April can also be a decent time to look, as many manufacturers try to clear leftover stock at this time.  

Keep in mind that many electronics retailers allow for financing so you can pay monthly instead of upfront. Many also allow you to trade in your old devices for discounts on new ones.  

4. Save On Furniture  

The January sales are the biggest time for furniture stores you can find some seriously Hot Deals. Furniture retailers often look to sell new stock in February, making the very beginning of the year the best time to get big bargains of sofas, bed frames, cabinets, and more.  

Winter is also a good time to start looking. Household appliances are often cheaper towards the end of the year, so it’s a smart time to start buying new equipment and furnishings for your home.  

Buying secondhand furniture can also save you a lot of money. When people move home, they often have to get rid of their old furniture fast. That means you can find great items incredibly cheap on websites like Craigslist, Facebook, and eBay. It also doesn’t hurt to ask friends and family members if they have anything they want to get rid of when you’re moving into your new place.  

5. Save On Traveling  

Going on vacation is one of the biggest things people look forward to each year. But between flying, traveling to your accommodation, paying for hotels, and spending money, it can be extremely expensive.  

Many people create a savings fund purely for their holidays. Putting a little extra money away each week can add up to the perfect summer vacation to wherever you want.  

There are also tons of ways to travel for cheap. Flying on weekdays (Tuesday and Thursday are generally the best) can result in big flight savings. You can get cheaper accommodation by using apps like Laterooms and Airbnb. When it comes to traveling around new locations, Uber is often your best bet.  

6. Deals Sites

Use deals sites such as UK Deals and Giveaways! We find real bargains often at the lowest prices they have ever been. We often find great deals on Laptops, LED Tvs and Large domestic appliances.


Major life purchases don’t have to put you in the red. With some careful planning and personal finance strategies, you can save thousands on your major life purchases.  

Budgeting will go a long way. Opening a high-interest savings account can also help as you can get some bonus money on top of your savings. Learn to only spend on essential purchases each week and put the rest away for your major purchases.  

Always wait for the best buying times and look for UK hot deals and discounts. You can often save 10 percent or more just by looking for online coupons or waiting for a big sale.  

While this blog covers some of the biggest purchases you’re likely to make, you can also apply these money-saving philosophies to all kinds of purchases. Over time, you’ll notice that you’re increasing your savings significantly, giving you greater wealth and more financial freedom.

Prices are correct at time of posting. Prices can change at anytime. Discount codes are active at time of posting. Discount codes can become inactive at anytime.