After Christmas everyone seems to try and make amends for the overspend by vowing to save as much as possible in the run up to holiday season! Here are my top 7 tips to try and claw back as much as possible and start a little savings fund towards to go towards your next big expense!
- Check your bank! Check the outgoings and make sure you don’t have any direct debits or regular payments going out that you no longer use. You may be surprised at what you pay for without actually knowing, we had a kindle payment of £7 a month going out for a kindle we no longer had – Amazon could see we hadn’t use it in over a year so refunded all the payments!
- Round up your payments. Check your balance at the end of the day and transfer the extra pennies into an online savings account. If your balance is £123.45, transfer the £3.45 into the savings account, if you can possibly transfer the £23.45 and you will soon see a huge difference in your savings account.
- Ring your utility suppliers, phone contracts, broadband supplier etc and see if there is a better tariff to be on. Depending on when you use your phone more or if you are using less energy than initially thought when you set up the payments then you could save a fortune each month!
- Round up your payments. Check your balance at the end of the day and transfer the extra pennies into a savings account. If your balance is £123.45, transfer the £3.45 into the savings account, if you can possibly transfer the £23.45 and you will soon see a huge difference in your savings account.
- You can only withdraw denominations of £10 or £20 from a cash point so make sure you don’t swipe your card through in stores unless absolutely necessary, it is so easy to forget how much you have spent when you aren’t handing across physical cash! At the end of the day pop any change you have into a terimundi pot so that you cant get into it until you have filled it!
- Shop Smarter! Use discount codes at Deals Queen or at Voucher Arena or coupons and vouchers where possible, you will be surprised how much you can save on your weekly shop with coupons. Also if you shop online download a cashback app, there are lots out there and we currently use Top Cashback and Quidco.
- Ditch any memberships you don’t use regularly! Do you really need that gym membership or magazine subscription? Most information is available online for free do ditch the magazines and instead of the gym download a free workout app or buy an exercise dvd! Daily workouts for the cost of less than one months membership fee!
- Consolidate your debt. You could end up paying one lower monthly payment thus saving money each month, take a look at Swiftmoney to see if you could save on your regular payments.
Whatever you are saving for or even if it is just to put some money aside so that you don’t go into debt for your next big purchase, saving money on a regular basis has got to be a bonus!
Let me know how you get on!
XOXO
Debbie
This is a collaborative post with Swiftmoney
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