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Money Saving Tips

man putting money in a piggy bank​​Money is tight at the moment for most people and many people are cutting costs.  Are you one of them? 

Here are some simple tips you can use to take control and save money​...

Save money on your shopping bill...

  • Shop at larger shops they are cheaper, not convenience stores they tend to be more expensive.
  • Use online comparison sites to get the best deals. 
  • Always use a shopping list and stick to it.
  • Make a menu for the weeks meals… this will make your shopping list easier.
  • Don’t buy branded products…. Buy own labels. 
  • Don’t buy your lunch everyday – make a packed lunch.
  • Shop around for the offers and bargains.
  • Shop later in the evening to get the reduced/ yellow label items.
  • Don’t shop hungry …… you’ll buy more.
  • If you don’t need it then don’t buy it.​

Essential & Non Essential…

There are 2 types of bills/outgoings ESSENTIAL and NON-ESSENTIAL.
Essential bills could include:
  • Rent
  • Utilities – gas, electric, water
  • Insurance
  • Council Tax
  • TV Licence (if you have a TV)
  • Food

Non-essential bills could include:
  • Sky/Virgin/TV Streaming subscription
  • Internet
  • Mobile phone
  • Gym membership
  • Magazines
  • Food treats – sweets, take-a-ways, eating out

Think carefully about the things that you spend money on that are non-essential.  Whether you are in employment or not it is sensible to ask yourself if non-essentials are really that important.

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  1. ​Spend less than you bring home (earn or benefits you receive).
  2. Be aware of the interest rate charged on your credit card – there may be cheaper ways to borrow money – 
  3. If you use credit cards, think about paying them off each month.
  4. If you have a lot of credit card debt at high rates you may want to consider looking for a better credit card deal.
  5. Don’t buy on impulse – ask yourself ‘do I need this’.
  6. Try to cut down on expenses.
  7. Keep a record of what you buy.
  8. Use cash instead of credit/debit cards.
  9. Stop buying unnecessary or impulse items.
  10. See if you can refinance any debts at a lower rate.
  11. See if you can refinance your car loan at a lower interest rate.
  12. Shop around for cheaper insurance – card, household, travel, pet etc.
  13. Shop around for cheaper utility tariffs – gas & electric.
  14. Shop with coupons cut out from offers.
  15. See if you can wait for things to go on sale before buying them.
  16. Don’t buy anything just because it is cheaper in the sales.
  17. Think about buying non-brand name merchandise.
  18. Wait for prices to fall before buying (applies especially to electronic items).
  19. Don’t’ eat out as much as you’d like to.
  20. Do more activities at home.
  21. Don’t spend money just because you have it.
  22. Look critically at how you spend.
  23. Don’t try and compete with neighbours and friends. 
  24. Make less phone calls and find a cheaper service provider.
  25. Think about lowering your cable /satellite bill by reducing your package.​