Most of us were never given a proper financial education, which is why so many people find it hard. The fact is, with a little organisation, we could actually cut our bills every month.
Even if you manage to make it through every month, we could all use extra savings. Whether for a holiday abroad or a special occasion at home, more money in our pockets is a great thing!
We’ve gathered some top tips to help you save money each month. Save this article so that you can refer to it and see the pennies add up.
Price Comparison Websites
No matter what you’re in the market for, there’s a world of choice out there now. How do you know you’re getting the best deal? Check out a price comparison website.
You can find comparisons for so many different products and services, from your heating provider to car insurance. The fact is that there are large differences between the most expensive and the cheapest for these items.
The comparison websites have done the homework for you by reading the fine print and reviews. They have tables so you can see what suits your pocket as well as your needs.
Loyalty Cards
Almost every store has a loyalty card scheme that will save you money every month. First, check out where you do your weekly food shop. All the big stores, such as Tesco, Sainsburys and Asda, have a loyalty card scheme. All of them offer special bonuses for members.
You earn points every time you shop and can later exchange these for money off vouchers. There are weekly offers on staple items, to collect extra points or even get money off.
Other retailers, such as beauty and fashion giants, Boots and H&M also have loyalty card schemes.
Now, most loyalty card schemes come in app form, so you don’t need to carry the card. Simply download to your phone and sign up for easy savings.
Cashback Sites
If you shop online, it’s definitely worth investigating a cash back site. A cash back site is a third party that rewards you for shopping with different online stores.
Sign up and add the cash back site to your search bar, so you are notified of special offers when you shop. This doesn’t necessarily negate the store’s own rewards; you can be a member of both and collect both rewards.
Cash back sites often offer prizes and rewards, so you can really earn big if you’re in luck.
Budgeting Apps
It’s amazing how much you can save when you start recording where your money goes. There is a number of free budgeting apps on the market now, that can really help you organise your finances.
Most people find managing their money quite challenging, or tedious, but these apps take the stress away. This can make a huge change to how much money you have each month.
Depending on the one you choose, you can earn rewards, be entered into prize draws and start investing.
Bulk Buying
If you’re managing a family home, there are items that you will find yourself buying regularly. It may seem like a hassle, but by buying these items in bulk, you’ll certainly save money.
Buying more of an item always saves money. It’s best for non-perishable items, as you can store them safely and never worry that you’ll run out.
Not only will it save you time, but probably another trip to the store. So, check out the special offers on buying more of a particular item, and see the savings mount up.
Shop the Reduced Aisle
Many people avoid the reduced aisle, thinking that nothing good can be found there. Actually, there are great deals to be had.
Items that have been reduced need to be sold that day, however you can take it home and put it in the freezer. Some supermarkets begin reducing items after lunch, but the best time to go is between 7pm – 9pm to get the real deals.
Use Vouchers
Shows such as Extreme Couponing made some people sit up and take notice of how to save money. You will need to put some time into this, but once you know where to look, you can save hundreds.
Groupon is one of the well-known voucher sites, and has deals in every city. For buying gifts, big items such as a vacuum cleaner, or a massage, you can receive more than 50% off.
Ways to Save
Once you switch your mindset to saving more, you’ll find more deals. Set aside some time one weekend, download a few apps, and begin getting vouchers and cashback in no time.
Rather than ignoring money, think more positively about the ways you can save, and your budget will improve.
