5 Simple Ways to Save Money

5 Simple Ways to Save Money

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Many of us hit a point in life when we realise we need to start spending less and saving money. When you’ve been used to spending frivolously, though, it can be difficult to know where to start!

Here are 5 simple ways to save money that anyone can employ. You can start today and gain instant benefits.

Tip 1 – Spend Less on Food and Drink

When you’re not on a saving money trip you think nothing about going out for a meal with friends or heading out to coffee shops. When you are trying to save, however, these are the kind of areas where you can make big savings.

Eating out costs a lot of money and so do trips to the coffee shop. All those takeaway coffees can really add up too. If you were to sit down at the end of the month and add up just how much you’d spent on these little treats, you’d likely be in for a shock!

You can save a huge amount of money over the course of a year simply by getting into the habit of cooking and entertaining at home, rather than heading out for a meal. You could also buy a cool reusable coffee cup* and take your own coffee with you each day.

If you don’t have the time to brew your own coffee each morning then you could consider picking up a good value nespresso machine* or something similar to speed up the process.

Tip 2 – Change Where You Shop

A second area you can save big is by changing where you shop.

While the big traditional supermarkets are doing their best to compete with discount supermarkets like Aldi or Lidl, there are still big savings to be made by shopping at the discounters.

The huge growth of these stores proves how popular they are and any stigma surrounding them is now truly a thing of the past. When you shop in places like Aldi or Lidl you will see that there are plenty of well off people shopping there these days. It’s difficult to argue with the value they offer and saving money is something we all like to do.

Tip 3 – Make Use of the Internet

There are a variety of ways that you can make can use of the internet to save a lot of money each month.

Firstly, if you’re not going to be heading to Aldi or Lidl, you can use it to shop online. Most people find it difficult to walk around a supermarket without adding things to their basket that they don’t really need. This can lead you to overspending on impulse buys and can also lead to food waste. Shopping online can help you to only buy what you really need. You will also be able to see the best offers on the products you actually need much more easily.

Secondly, you can make use of Cashback sites like Swagbucks*, TopCashBack* and Quidco* to get money back on what you spend. There are also a variety of discount codes to be found online to help you save money when you shop.

Finally, you can use price comparison sites to make sure you’re getting the cheapest and best deal on the home services you use – like broadband, mobile phones, utilities and insurance products.   

Tip 4 – Try a Staycation

You could even save money by holidaying in the UK this year rather than heading off abroad.

While holidaying abroad might work out cheaper for some people, for others a staycation will be a much cheaper option.

We have some really great beaches and countryside right here in the UK and sites like Airbnb* can help you to find great value accommodation.

Tip 5 – Review Your Subscriptions

While having the odd subscription to a service like Amazon Prime* might help you to save money in some ways, the cost of these can really add up if you have too many of them.

Sometimes it can be a good idea to have a read through your bank statements for the past couple of months and write down all of the subscription payments you make. Then ask yourself the question, do I really need them all? The key work here is ‘need’. Sure, we may ‘want’ them all but if you were to be brutal, which do you really ‘need’ or ‘want’ the most?

Once you’ve made your decision, try living without them for a while and see how you get on. You can always restart them at a later date if you feel you really can’t live without them. Once you see how much money you are saving, you might be happy to cull them for good.

What’s Your Best Money Saving Tip? Feel Free to Leave a Comment!

4 Responses to 5 Simple Ways to Save Money

  1. Alice Megan says:

    Oh good if I could control my food and drink spending I reckon I’d have hundreds more pound a month

  2. Love your blog! It’s really motivating being able to save and make a bit of money, and helped us massively to get out of debt. Thanks for the articles, they’re inspiring 🙂

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