Save Hundreds on Rent Per Month By Becoming a Property Guardian

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Image credit: https://www.propertyguardians.com/

Please make sure you are sitting down as you start to read this post. It is possible to save hundreds of pounds per month on rent in central London and some other cities across the UK. You can live in prime locations for just a few hundred pounds a month as a Property Guardian. Across the UK and dare I say it, the world, accommodation is the largest monthly  expense for adults. This is an opportunity for those who are flexible to significantly reduce their monthly accommodation expenditure.

What is a Property Guardian?

There are property owners in London and other cities, who have to leave their properties empty for a period of time. Perhaps, they have to work abroad for work or have taken a sabbatical to travel the world. There are also commercial property owners. Whatever the reason this group of people would now need to employ a security firm to oversee the property in their absence and ensure that it is well maintained and free from vandalism and squatters. This is where Property Guardians fit in. Property Guardians are essentially live in caretakers who look after the property in return for a heavily reduced monthly rent.

How Does it Work?

People who are interested in becoming Property Guardian should contact one of the entrepreneurial companies that have been set up in this space. There are over 30 now, some are national whereas others are have a London focus, click here to visit the website of Global Guardians, or here to visit dotdotdotproperty.com .  The second company is a Social Enterprise and takes a different approach to the for profit companies.

It Seems Too Good to be True

Well, funny that you should think that, there is a potential downside too. What you are looking for is a clean, convenient space with basic amenities that enables you to look after a property in return for a heavily reduced rent. There  are two clear benefits for the property owner, first of all they get a live in caretaker. Secondly, when commercial properties are converted into residential dwellings they can save thousands in business rates reductions.

Unfortunately not all property Guardians have not had positive experiences, there have been instances where some Property Guardian companies have increased rents for Guardians and failed to maintain basic amenities including showers and kitchens. 

My recommendation is that you do your own research; if you are flexible and can find a reputable company and good location – go for it!  It could be a great way to live more frugally and help you to save money for travelling or some other major expense. I would not recommend Property Guardianship for families.

Have you ever been a Property Guardian? What was it like? Let me know in the comments section below.

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My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only.  This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

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Save Hundreds on Rent By Becoming a Property Guardian

 

How to get Value For Money When Buying Foreign Currency

This post may contain affiliate links please read our disclosure for more info.

Image credit: https://www.prestwick-airport-guide.co.uk/

Many of you will have realised at one point or another that you have not received a good deal when exchanging your hard earned Sterling for foreign currency. In many cases, a zero percent commission might be accompanied by a transaction charge that you were unaware of. There may have been hidden fees that you only realised when you received your credit card or bank statements a few weeks later. This experience is very common, I have been through it myself. It’s not a great feeling.

If you are still buying foreign currency from your bank, the post office or worst of all, at the airport, you should stop now. The same applies for expensive travellers cheques.

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Exchanging your currency at the airport will result in a less than favourable exchange rate and fees.  It’s similar to buying fuel for your car at motorway services instead of at your local supermarket prior to starting your journey.

Value For Money Foreign Currency

So, how should you buy foreign currency? Lets start with a slight mind-shift, shall we? You don’t actually need lots of foreign currency before you travel. Instead buy a minimal amount of foreign currency for taxis from the airport and light snacks. Buy this minimal amount from best currency exchange you can find. This is a good place to search

A month or so before you travel, apply for and receive a specialist credit card that allows you to spend in your required currency without fees. This Revolut card is a great example.   The card allows you to spend fee free with the real exchange rate in over 130 currencies. It’s not the only option, The Halifax Clarity Card is similar. Please ensure you research them and apply for the one that best suits your needs.

These two steps should ensure that you get value for money when buying foreign currency and spending abroad. Feel free to let me know how you get on in the comments section below.

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If you have enjoyed this post you will also like the following posts:

Save up to £500 Per Year With a Sim Only Mobile Phone Deal 

How Much Should You Save? 

10 Ways to Make Money Now

What’s the Best Strategy for Clearing Debts?  

What are the Different Types of Savings Accounts? 

My aim with each blog post is to help you move to a better financial future. I believe that financial education is largely absent from the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only.  This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010.

I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

Follow me on Pinterest

How to get Value for Money When Buying Foreign Currency