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5 ways to avoid a financial hit with a large purchase

Do you ever get those months where there seems to be more of the month left than money?  Those months are few and far between, thankfully, but when they do happen it’s a nightmare.  Particularly with small children.

Lately, we have been lucky, but my poor best matey, Sim, had a bit of a disaster when her fridge-freezer packed in two days ago… Not content with just giving up the ghost, it decided to do it right before she went to bed.  That’s yet another thing that needs to be sorted.  However, it did get me thinking, how do we manage when an unexpected expense means we’re left short?

I have wracked my brain and come up with 5 ideas to help you decide what to do if you have to make a large purchase and know it will be a financial hit.

Think ‘Do I really need it?”

Can you live without a microwave or a dishwasher for a few weeks?  Do you need a new tumble dryer immediately?  If the answer is that your life will be manageable for a few weeks without it then wait.  It’s not going to do you any harm and you might actually find that you don’t need that appliance in your life.  (Although, if you have small children, do not think twice about a television! You NEED the television.)

Have a look on recycling sites before making your purchase

There are plenty of kind people in the world and very often they choose to give away unwanted items from their home.  Check out Freecycle in your area and see if anyone has what you need.  We picked up a cotbed from there a few years ago.  It was in excellent condition.

Sell unwanted items

It may not be instant cash but with Facebook selling groups, Facebook Marketplace, eBay and Gumtree there’s plenty of places to sell anything you don’t want lying around the house.  In my experience, good quality clothes and shoes sell quite well and let’s face it, everyone has at least one item of clothing they don’t want anymore.  Just make sure you post your items for sale in relevant groups or categories.

Withdraw any payable earnings from your cashback accounts

If you use TopCashBack or similar sites and have some payable earnings in there, why not withdraw it?  It’s certainly not helping you in TCB’s bank account but will certainly help you to survive until your next payday.

Short term loans

We’ve all heard of short term loans and the potential dangers of using short term loan companies but used correctly and they are a valuable asset.  They aren’t designed to be paid off over a long term… they are purely there to get you through to payday.  The tip is to only borrow the MINIMUM amount you think you will need and then pay it off as soon as you get paid.  If you need to make that big purchase and know you’re going to be short, sites like Cash Lady can, very often, save your bacon.

Do you have any other tips to help with a big purchase?

Beth is a 30-something, self-employed Mum rediscovering her connection to British History and nature. Her loves include the discovery of knowledge, walking in the woods, and writing, among others. Beth is a Virtual Assistant at The Happy VA.


  • Katie

    Ack, my fridge freezer broke down a few month ago. I have an open plan house so a pretty fridge is quite important to me (So daft) so I was gutted when I thought I’d have to fork out almost £1000 to replace it. Instead we got it on interest free finance from Currys to pay over 10 month. Its so much better than putting it on a credit card as there’s an end in sight. It’s how i’ll deal with any more replacements in the future.

    Katie xoxo

  • Emma

    I think the best way to avoid a financial hit is to have a stock of savings, but obviously that isn’t always possible. We have a no interest credit card for unexpected costs and pay it off as soon as payday comes around if we really need to.

  • Cardiff Mummy Says - Cathryn

    I think the big thing for me is doing a lot of research to firstly get a good price but also to check out all the reviews so you can be sure the product is going to do what you need it to do. Also remember that sometimes it’s worth paying out a bit more to get good quality – as the old saying goes ‘buy cheap; pay twice’.

  • Cath - BattleMum

    We once had to replace all our white goods within the space of 3 months. The washer/drier went first, then the oven and then the fridge freezer, all things we really needed. It was an expensive few months!

  • Sim @ Sim's Life

    All very good suggestions and it is one of those things we do not think about until it happens. Fortunately I had a spare fridge but if not I would have been looking to buy a new one… very quickly! Thank you for the mention xx Sim

    • Beth

      No problem chicken! I’m glad you had a spare one. I never think about appliances breaking down. If anything, I actually tend to replace mine too soon.

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