Most of us aspire to live in one, but what actually is an affluent area? Typically, it describes a residential location that boasts excellent schools, amenities and other favourable aspects like low crime rates.
Obviously, this all comes with a price tag, for renters and buyers alike, one that out of reach for many of us. If you do live in an affluent area, you’ll find that it leaves you with less money to spend on the rest of life’s essentials. However, there are ways you can ease the load. These are my top three tips to show you how.
- Take advantage of supermarket deals
If high property prices are eating into your supermarket budget, don’t worry. You can still buy the essentials from your local store and cover all your housing costs — you just need to shop at the right time.
According to money expert Martin Lewis, most supermarkets begin to add final price reductions to stock during the evening, usually at around 7pm. Beware, though: these deals can be quickly snapped up — so, make sure to head to your nearby branch soon after discounts are added.
2. Shop second-hand
Affordable shopping doesn’t have to end with supermarkets — you can easily buy high quality clothes, shoes and accessories cheaply, too. How, you ask? It’s simple: shop second-hand.
Once widely seen as vessels for unwanted items, charity and vintage stores have soared in popularity over the past decade, as shoppers become more environmentally conscious. If you have a keen eye, you can pick up some quality items and stand to get better value for money than you would buying brand new goods.
Another perk of living in an affluent area: your nearby shops will likely offer premium garments, donated by locals with expensive taste.
Even better, some items displayed in vintage and charity retailers haven’t even been worn! Shop vintage locally, and you may just find unused luxury goods at a fraction of their original price.
3. Look out for Free Events
If you’re trying to carefully manage your budget, you may think that entertainment has to go out the window, along with any other unnecessary expenses. But who said you need to pay to have fun? Local events can help us to escape the daily routine for no cost at all! And no, we’re not just talking about old-fashioned village fetes (though they’re often great fun, too!).
Free activities could span exhibitions, cinema events, food tasting sessions and more. And the more affluent your area, the more choice you’re likely to have. Most nearby happenings will be advertised on social media channels — so you just need to search on your preferred platform to discover exciting events close to you. Do this, and you’ll be able to unwind and protect your money at the same time.
Just because you may live in an affluent area doesn’t meant that you have to overspend on other goods and essentials. Follow these top tips and you’ll be able to manage your money in such a way that you can still enjoy the area!