As we start the new year and have splashed the cash at Christmas; people are looking for easy and affordable ways of saving money. Maybe for that perfect holiday or that new house hold appliance they need. I have come up with my 5 top money saving tips to help you reach your goal.
We have always struggled saving money, and with Michael being paid weekly instead of monthly it makes it a little harder for us but we have found little ways to save that have worked for us since. Saving can be hard; I for one know that. You always know that it’s there and its so easy to say ‘Oh well its only £20 for a takeaway”, when in fact you have stuff at home you could cook. I used to do that all the time!
Saving can be very hard, when you have a lot to pay out for and you don’t always have to put £50+ back when you do, so here are my tips for you to use.
If you use online banking, this would be a perfect and easy way for you to save. When you go and look at your online banking, and see you have for example £396.98 in your bank, get yourself a savers account and send over the 98 pence. Every time you look on your bank, round your current balance down to the pound and put the pennies in the savers. After some time, you will notice how quick the total adds up by. If you’re like me who check their online bank 100 times a day hoping for a miracle then i would recommend this for you.
Odd Pennies pt 2.
If you don’t have an online bank, and find yourself with lots of loose change all the time; get a money tin. I would recommend one that you can only open with a tin opener or you have to smash, this reduces temptation and every time your purse is getting full with change- put it all in the tin.
This in one for the stronger minded people- every time you have a £5 note- put it in a tin like number 2. Set yourself a date where you want to open to count up and when you reach that date, you will be surprised at the amount of £5 notes you will get over that time.
This is something Michael and I do a lot, we sit down when we are due money and write out how much we are getting and what bills need to be paid. with any money left over we put some in to savings and the rest we half out for spends. This takes us about half an hour each time but we find it so efficient and an easy way to organise money. It might be worth getting your own notebook dedicated to this.
Write a shopping list.
Before we did this, we would find our shopping bill would be a stupid amount with us just chucking things in the trolly. This would make the food bill a lot higher and it would cause us to have less money to save with. Writing a shopping list of things you actually need, while looking in your cupboards and fridge so you don’t over spend and buy things saying “ooh i don’t think we have that at home” to then get home and find out you do actually have it.
Don’t always go for the first price you see. This is where people are going wrong. You may find the price you see first is good- but somewhere there may be a cheaper price, saving you some money on the same item just for looking around a bit first. This can go for a lot of things like insurance.
Some people, use payday loans to help them in times of need, and some people scrimp and save the last penny. There are many ways that work for people.
Do you have any money saving ideas and tips? Post them below for others to test and try!
Until next time,
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