Savings tips for those who struggle to save
Understand Why You Save
Create a Monthly Budget
If you don’t already have a budget, then you need to make one right away. Calculating your monthly income and spending can ensure you know how much you are able to save. Which.co.uk has a great step-by-step guide to budgeting that you can check out if you don’t know how to start.
Saving Money on Food
One of the biggest expenses we all have is food. Luckily, you can save a lot of money by getting smarter with your grocery shopping and utilising these simple tips:
Shop Around to Save
Whether it is your car insurance costs or your energy bill, shopping around for better deals can save you a lot of money. Comparison websites are handy for finding the right deals for you. Sometimes you might not even have to change your service provider. Instead, use comparison websites and see whether you can find a better quote. If you do, call your current service provider and let them know you are considering changing to a better deal. You may be able to get an even better offer from your current provider!
Utilise Loyalty Cards
One of the best ways to save money is by utilising loyalty cards for companies you use regularly. Tesco’s Clubcard and Sainsbury’s Nectar card not only provide you points for every time you spend, you can also find better deals from the company and their affiliates. Always check the loyalty card company’s website, if you are looking for something to buy.
Second-hand products are a great way to save money, as you can often cut your costs in half. Websites like Ebay can provide you anything from second-hand clothing to used gardening tools and you’ll end up saving a lot of money.
If you have products you don’t need anymore, you can even swap items with friends or sell your own things online. This can quickly boost your ability to save money and you won’t be struggling with your monthly budget.
Consider using websites like Freecycle, too, and look out for people giving things away on social media.