Top 10 tips for saving money
Top 10 tips for saving money
If one thing’s for sure during these crazy, uncertain times, it’s that we could all benefit from saving a few pennies and making our money stretch as far as possible.
But the best bit is that saving money doesn’t have to be a big hardship, and you don’t have to drastically change your lifestyle to start reaping the benefits. As the saying goes, ‘it’s the little things that make the difference’, and they really do, you just need to think outside the box!
We’re sharing our top 10 tips to help you save money in your household, to ease the pressure a little.
1. Cancel Sky Sports
You might not like to hear this, but with no sport being broadcast at the moment, continuing to pay for your Sky Sports package is just money down the drain. You can cancel it really easily via the My Sky app. Similarly, are there any other TV subscriptions you could do without right now? Do you really need Netflix, Now TV and Amazon Prime?
2. Freeze gym membership
With all gyms (private and leisure centre ones) now closed, you should enquire about freezing your membership until further notice. To stay fit and active, you could create a home gym instead. Make use of things you have around the house rather than splashing out on expensive equipment. YouTube is a great place to go to for home workout inspiration.
3. Supermarkets own brands - don’t diss them till you try them!
Whilst you might be the biggest lover of Heinz, it’s time to give the supermarkets own brand a go - and you never know, you might be pleasantly surprised. You could even have a bit of fun with it and do a blindfolded taste test and see if you can catch each other out!
4. Ditch the car
With most of us now spending the majority of time indoors, try to seek out any opportunity to stretch your legs and get walking. Leave the car at home and walk to the shops instead. Carrying your shopping bags back will definitely get the heart rate up and count towards your daily hour of exercise - who needs dumbbells, eh?
5. Clear your direct debits
Make a list of all the direct debits you pay out each month. Obviously there will be ones that you have to keep, but put a mark next to the ones that are ‘nice to haves’. Question whether you really need that magazine subscription to Ideal Homes right now.
6. Get savvy with food
An average household wastes around £500 a year on food and drink*. This is a huge amount of money that we’d all rather have in our own pockets right now, so let’s do something about it.
Only buy the ingredients that you need to cook your planned meals for the week or fortnight. This should cut down on a considerable amount of waste straight away.
Cook big batches and freeze portions. This is great if you have veg or meat that needs to be used up, and is also really convenient for those days when you can’t be bothered to cook anything - just go to your freezer and take out a portion for that day.
If you have the freezer space, try to opt for as much frozen fruit and veg as possible. They’re just as nutritious as fresh but will last much longer - did you know you can buy frozen, and ready chopped, peppers, onion, spinach?
7. Grow own vegetables and herbs
Although this isn’t a quick win, growing your own vegetables and herbs in your back garden is an incredibly satisfying exercise to do. There’s nothing quite like sitting down to eat a meal that you’ve produced with your own two hands, from scratch! It’s also a nice activity to do with the kids, and can be educational too.
8. Save money on energy bills
It’s easy to stick with the same provider and not realise that there are cheaper deals to be had. But with Look After My Bills, it’s really quick and easy to see if you could save money by switching your energy providers.
9. New love for old clothes
Rather than buying new clothes, reignite your love for old clothes that you’ve forgotten about. Dig deep to the back of your wardrobe and experiment with new styles. Get creative, try bright colours, clashing patterns, the lot! No one’s going to judge you in the comfort of your own home and it can feel quite liberating.
10. Cashback credit card rewards
If you use a credit card regularly, and responsibly, it’s worth getting one that you can earn cashback rewards on, as this is essentially free money for using their credit cards, so why not?
For further support with managing your finances, including your mortgage, please don’t hesitate to get in touch with our friendly team.
We can review your mortgage and make sure you aren’t paying any more than you need too.
Call us on 01484 864 017
Meeting you, understanding your needs and aspirations, and having the time to talk through them with you, helps us get the right mortgage and protection products for you. Our advice will be specifically tailored to your needs and circumstances. Which could be for your first home, moving home, investing in property or re-mortgaging.
We provide face to face and telephone advice and can search from over 90 lenders and thousands of mortgage deals to find the right one for your circumstances and needs. We also offer later appointments to fit around your busy schedule.
We pride ourselves on our professional premier mortgage service, which does not stop when the mortgage has completed as we continue to offer an ongoing service by advising on family, home and income protection so that they are covered against the unexpected.
We help our customers understand the benefits of paying off their mortgage debt as quickly as possible so they can become financially free to enjoy an early retirement!
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
A fee of £395 will be charged for arranging your mortgage. £95 is payable on application and £300 on receiving mortgage offer.