New year, many of us are setting up new years resolutions. Amongst the most popular are usually things like getting fit, quitting smoking, learning a new language or planning to travel more.
Whatever we decide to take up it usually does require some money to spend on it.. Below are 10 tips on how to save money for things we are buying or are planning to get 🙂
1. Buy less – before you buy anything ask yourself ‘do I really need this?’ / ‘ Will I really use it’? According to many money saving sources, you should save at least 20% of your income:
2. Track your budget – often when visualising our outgoings its easier to keep a record of how we spend money to change our behaviour based of that trend. You can use simple tools such as Google Drive or Walllet.
3. Stop paying TV license to save £145 per year. You do not have to resign from the TV watching completely – you will just have to stop watching ‘live’ TV and start watching your favourite programs when streaming them later using for example BBC iPlayer.
4. Switch your energy supplier if you haven’t done so. Go on Cheap Energy Club to check how much you could save but before you switch make sure you check if you could get a meerkat (Compare The Market) or a cashback on your transaction (on sites such as Quidco or TopCasBack).
5. Use home gadgets helping you to save money such as controlled by your mobile thermostats, IoT bulbs etc.
6. Ditch your contract phone in favour of SIM-only. Prices start from only £4.95. Use comparison sites to get the up to date deals and buy your handset separately –> once you calculate the monthly spend * the contract length you will be able to figure out the price of that desired handset and check if SIM-only will save you money 🙂 If you really can’t be bothered to work out all that yourself try sites such as Bill Monitor.
7. Once again use the comparison sites to check the latest broadband deals to evaluate if you shouldn’t switch your Internet provider too. Sites such simplifydigital.co.uk should help here. Before you get your deal ensure you arrive on the new provider site via a cashback site and that you pay the line rental for the whole year in advance to save on it too.
8. Book your flights and holidays in advance. According to the latest research if you buy tickets 2-4 months ahead of your rip you will be likely to save on average 50-60%. Try to be flexible when flying and check prices on Mondays and Wednesdays – the cheapest to fly on weekdays.
9. Whatever you buy check if you can get a cashback on it. No idea what cashback is? Read more here.
10. Whatever you buy google this item name + vouchers/discount code. 🙂
Let me know if you lied my money saving ideas 🙂