Saving money isn’t always easy, with high living costs and low wages it can be difficult. The good news is that saving money is possible. I have put together a selection of top money saving tips which will get you started and help you save money, whether it be on your weekly food shop or energy bills. It’s possible to save money when you know how.
Use cashback websites
Did you know you can claim cashback for lots of purchases by signing up to cashback websites Quidco and TopCashback? Over the years I have saved hundreds of pounds simply by clicking through the website before I buy an item. It’s completely free and on a few occasions I have actually made money because the cashback is more than the item or service I’m buying. I recently took out a contract with BT for my phone line and broadband. I received a £125 prepaid MasterCard from BT as a welcome gift, and also received £110 cashback from Quidco for clicking through their website. My contract for 12 months originally cost £365.88, but after taking into consideration the £125 prepaid MasterCard and the £110 cashback, the 12 month phone and broadband contract will cost just £130.88 for the whole year, that’s a saving of £235.
If you have debts and you’re paying high interest rates, it might be worth considering consolidating your debts. If you take out a loan to consolidate your debts, you can take the hassle out of managing your money and have one regular payment. This will make keeping track of your debts easier and if you get a low interest loan you can save yourself money on the repayments. There are a lot of companies who can provide a loan to help you consolidate your debts, UK Credit is one such company. This is definitely worth considering if you pay several debts each month as its easy to lose track and end up in a mess.
Reevaluate your household bills
Paying bills is a necessary evil, but have you considered that you could get a better deal elsewhere? If you haven’t checked your internet, phone or energy providers recently it might be worth heading over to uSwitch and checking to see if you can get a better deal elsewhere. It takes minutes to check all of the deals available and you could save yourself a small fortune by switching energy, broadband or TV providers.
If you’re looking to make a big household purchase, such as a kitchen appliance or large item of furniture hold off to buy it in the sales if possible. It’s also always worth checking for discount codes if you’re shopping online. More often than not you will be able to find a discount code, whether it’s for free delivery or 10% off your order, it means more money in your pocket. Another savvy shopping tip is to buy in the sale for the next year. For example, if you can buy Christmas presents in the January sales you can save yourself a lot of money because many of the sale items are highly discounted.
Be Energy Efficient
Don’t leave your appliances on standby, it’s money wasted. You can also ask your energy provider if they have any energy saving products available. Many companies offer energy saving packs which can help you save money in your home. Packs can include items such as energy saving light bulbs, radiator reflectors and smart meter. My energy company gave me a smart meter which lets me see the energy I’m using in real time and also shows the cost, this definitely encourages me to turn off lights and appliances when I’m not in the room. You can also try searching google for free energy saving products. Companies will often run promotions where they offer free products to encourage people to become more energy efficient.
Consider switching brands
We all get used to doing our food shop in the same stores and using the same brands, we’re creatures of habit, but this habit could be costing us money. If you have yet to try the popular budget supermarkets such as Aldi and Lidl why not give them a try. I have been shopping at Aldi for the last few months and have not only saved money, but have found a lot of products I really like. Before you shop you can also use mySupermarket to compare your average weekly shop, the clever website will compare prices at the main UK supermarkets to find you the lowest cost for your food shop.
Sell your unwanted items
We all have items that have been gathering dust for months, whether it’s clothes we no longer wear, gadgets that are redundant or children’s toys that have been outgrown. Why not sell any unwanted items to make some extra money. There are a lot of different ways you could sell your items, you could use Facebook groups which means there’s no cost for selling, Gumtree is another free selling site, Ebay can be a good choice for harder to sell items, but does have fees, or you could choose to do a car boot sale to sell your unwanted items.
Take advantage of 2 for 1 offers
If you enjoy going on days out, movie nights and dinner dates, you’ll be pleased to know that saving money doesn’t mean avoiding these fun past-times. There are often 2 for 1 deals on days out available, this lets you enjoy things such as a trip to the theme parks, meals out and even a night at the cinema. These offers can often be found on everyday items you buy. Cineworld currently has an offer for a free cinema ticket when you buy three specific cleaning products from Tesco and there are often 2 for 1 and kids go free offers on cereal boxes. The best tip I can offer is to keep your eyes peeled when you do your weekly shop and search google for the latest offers. Money Saving Expert has a great list of cheap days out which you can take advantage of.
Upcycle old items
Whether it’s old clothes or a chest of drawers, why not try your hand at a bit of upcycling to give your old items a new lease of life. Upcycling is big business, everyone’s doing it and it’s not as difficult as you think. Do you have an old chest of drawers that you want to replace? You’d be surprised at how amazing it would look with a lick of paint and some new handles. Paint and handles only cost a few pounds which is a huge saving compared to replacing the item. The great thing is you can style it to suit your taste and it will be unique. If you’re not sure where to start Pinterest is a great place to find inspiration, tips and even tutorials on upcycling.
Sign up for loyalty cards and offers
If a shop you use has a reward scheme, make sure you sign up to take advantage of any discounts and rewards you can claim. Popular loyalty cards include the Tesco Clubcard, Sainsbury Nectar card and the Ikea Family card. There are hundreds of reward schemes out there that could help save you money, whether it be in the form of money off your order, or in the form of points which you can redeem to claim a reward. If you’re buying items at that shop anyway, you might as well take advantage of any offers they have available.
Do you have any money saving tips to share?