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Three Simple Ways on How to Save Money While Living Abroad

There are a whole host of reasons why someone may want to move abroad - whether it’s to enhance their CV or even as part of their retirement. However, before you pack up and settle into your new home, it is a good idea to think about how you are going to manage your money abroad. After all, a recent study by the Money Advice Service showed that 4 in 10 adults have less than £100 saved in total so living abroad might be one of the most expensive things that you do.

As one of the leaders in money saving technology and software, PIWoP are dedicated to helping their customers get the most for their money as well as helping them to save in the long-run. The team at PiWop developed a revolutionary price tracker app which helps individuals keep an eye on the price of the products they want and alerts them when it’s available at the price they want to pay.

Now we’re sharing our very best money saving tips so you can save money when you take the leap to live abroad.

Monitor The Exchange Rate

If you are thinking of sending some money back to your family and friends, it’s vital that you are aware of fluctuations in the currency market. The last thing you want to be doing is to be sending money back home and not getting the right exchange rate. A money saving tip is to watch out for times where the demand for a currency will increase, as most likely the exchange rate will also increase at this point too.

Be Cautious When Purchasing Products

When living in a new country and culture, it can be exciting to go and explore the shops and restaurants for the local products. However, don’t rush into making any serious decisions like buying appliances or furniture for your new home. It’s best to look around for the best prices on the products you want to buy. As a non-native, you may end up paying more money than you need to on the home essentials.

Consider Transport Costs

It’s easy when living abroad to just jump into a taxi and let the driver take you to your desired destination. However, over time these taxi rides will really add up. You should consider your method of transport and try exploring on foot to reduce your transport costs. Another idea is to buddy up with your new friends and get them to help you figure out the public transport as often you can get deals for travelling together.

If you think that a price drop alert tool like PIWoP, could help you save money when you are abroad, then you can find out more online at https://piwop.com/

How To Save Money: Savvy High Street Tips

It’s fair to say that we all love a bargain and we’ll do anything and everything to find the best shopping deals. The team at PIWoP, a price drop alert tool, have given their top 3, savvy high street tips to help you save money on the essentials!

 

Look for label codes

When it comes to reading labels, and what to look out for, you’re after a specific digit. Staff are often instructed to put a code on labels, signalling that they will be moving into a sale section of the shop.

Typically consisting of a letter and number, i.e. A10, you can safely ignore the letter - these tend to illustrate where in the shop the item will be moved to. The number however often indicates the new price of an item. For example, if you’ve found a top that’s £20 and there are markings with B18, there’s a chance that a sale will soon be occurring and the new price of the top will be £18.

 

Look at the last number

Ever wondered why some stores end item prices in 1, 7 or 8? Well, there’s a method to the madness; it’s becoming common knowledge that when items end in one of these figures, i.e £19.97, it’s due to them being either in the sale or the last of a certain stock.

This gives you a great chance to haggle the price down even further, knowing that the store is desperately trying to get rid of the item, in turn helping you to secure the lowest price.

 

Leave items in your online basket

Receiving marketing emails from online stores irritates everyone... often, the quicker we can unsubscribe the better. However, not all of these emails can be considered ‘junk’! Putting items in your basket and leaving them for a few days could help you land a discount code, sent directly to your inbox in an email that shouldn’t go amiss.

Online stores know when you’ve added items to your basket and how long you’ve kept them for. If they sense you’re unsure about whether to follow through with the purchase, sometimes they’ll send you an email with exciting offers and bundles.

For more information on the price alert service PIWoP, please get in touch today.

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