How to Make the Most of the Low Pound Sterling When You Live In Spain
Monday, October 31, 2016 @ 5:07 PM
Could now be the ideal time to make the most of the low Pound Sterling if you live in Spain? Most British ex-pats in Spain think that they are receiving a rough deal at the moment. It is true - they are. British pensioners and others living in Spain have seen their overseas income fall. At the end of the month, you end up with less money in your hand and that is not a welcome solution for anybody. There are ways around the problem, and you may even want to get in touch with one of the currency transfers experts to see if they can help you. But is there a way of making your income stretch further in Spain?
Spanish supermarkets are now more expensive to British ex-pats, but is there some other ways that you can save money on your weekly shopping? The Saturday just gone, I decided to pop into my local Iceland supermarket. The supermarket buy most of their goods in Pound Sterling, and I reasoned the lower Sterling must have made a lot of their produce cheaper. I was pleasantly surprised to find that I was able to pick up about a week's basic grocery shopping for about €30 in Iceland, and that even included some delicious Rich tea biscuit and early mince pies. Last year the same box of mince pies retailed for about €3.50 but this Saturday they were only €2.00. Nothing like a little treat.
What else can you save money on at the moment? If you need to do some clothes shopping, it might be a good idea to check out some of the online clothing retailers. Most of them have offers available, and if you use your hard earned Euros to pay for them, you can bag a few bargains. I got some good deals on the Debenhams website and even on Marks and Spencer. Check out retailers carefully, and make sure that they offer free delivery to Spain.
What about supplements and vitamins? The leading online health food companies now offer free delivery to Spain. Start checking out prices online, and you will soon find that you will be able to pick up some fantastic deals without even getting out of your armchair. Most deliver services are good, and your order can be with you in a matter of days.
If you have some money to spare, you may even want to consider taking up a few UK investments. Property in the UK in some parts is still very good value for money, and then you always have the stock market. How about buying a few shares while the Pound is low? As always make sure that you are careful with the cost of currency transfers. Check out some of the local currency transfer specialist in Spain, and make sure that you get a good rate. Get a quote before you agree to anything.
Not all is doom and gloom. It is all too easy to think that the low Pound is bad news, but how about making the most of it instead...you may even want to book your next cruise via the UK and save a small fortune.