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Here's how to save £263.99 by Easter

BY READERS DIGEST

4th Mar 2022 Managing your Money

Here's how to save £263.99 by Easter

Cost of living in the UK has reached a 30 year high, with petrol prices soaring, energy costs rising and consumer inflation increasing by 5.5%.

Much of the UK is taking notice of what they spend and seeking ways to save money where they can.  As spring draws closer, Natalia Lachim at Voucher Codes reveals how to save £263.99 by Easter, 2022.

7 weeks of little and often - £35

Putting small amounts of money away can seem insignificant however, according to Lachim, adopting the mantra ‘save the pennies and the pounds look after themselves’, couldn’t be truer. ‘Save £5 a week from now until easter. Your £5 can be made by skipping a coffee that you usually purchase, an order at the takeaway or walking in favour of a bus ride. Saving £5 a week will earn you £35 by easter.

Come off standby £4.05

Its no secret that keeping your television on standby increases energy bills however, many households continue to do so. Just switching off your television from standby will save you £4.05 from now to easter.

Cash over card - £65.10

More than half of purchases made with cash are for under £10. Research shows that consumers spend 83% more when using card and are more likely to take time considering a purchase when using cash. ‘Physically seeing the money that you are using puts your spending into perspective’, says Lachim. ‘You are more likely to determine whether you need the contents of the purchase and therefore, reconsider. Using solely cash when making purchases that fall under the disposable income umbrella can save you up to £9.30 a week as you frequently reconsider whether you need the item that you’re considering.

Spend more on clothes…no, really! - £30

10,000 clothing items make their way to landfill every 5 minutes. Fast fashion is often trend led, leading consumers to wear it for a season and then pass it over to landfill. Fast fashion items tend to lack quality and only survive a few wears. ‘Every so often, the term, ‘buy cheap buy twice’, is relevant,’ says Lachim. ‘When purchasing clothing, it is wise to analyse the cost per wear. If a jumper is £60, and you estimate that you will wear it 48 times within the year, then the cost per wear is just £1.25. If you spend a total of £60 on 3 items that you only wear 3 times, the cost per wear is over £6.’ Not purchasing fast fashion can see you save up to £30 per month’.

Fail to prepare, prepare to fail - £29.64

It’s estimated that the average household throws away £29.64 of food a week. Food waste often starts in the supermarket itself, as consumers are tempted by special offers and new in store. ‘To save money, its vital that you build a shopping list whilst at home’, says Lachim. ‘This presents the opportunity to look at the food you already have and only purchase the items that you need. Not diverting from the list whilst shopping will avoid food waste and ultimately, increase your saving potential.’

Try Own brands - £70.56

The average UK food bill is £40.30 per person, per week. Switching to own brand products can save the average household 25%. Therefore, trying own brand products can save you a total of £70.56 from now until Easter. ‘The impact of inflation has seen many branded products increase in price’, says Lachim. ‘However, many supermarkets have stated that they will freeze the prices of their own brand products, making it an easy way to save. Switching to own brand products is one of the easiest ways to save’.

For more information, comment and imagery contact Emma@tuesdaydigital.co.uk

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