Money Saving Tips
Tips & guides that work a treat
Make your money work harder for you could be easier than you think. It’s very true that if you save the pennies the pounds take care of themselves, every little bit helps to make a difference! Effective budgeting will not only help to put you on a more stable financial footing, but it’s also very satisfying too. It’s worth exploring every avenue, so with that in mind here’s a breakdown of some of the ways in which you can help yourself take control.
- Benefits and entitlements
Energy bills are notoriously difficult to understand, so you might not realise you could be saving money due to the high cost tariff you’re potentially on. Give your provider a call and ask about cheaper tariffs.
Loyalty cards are offered in many shopping outlets, including petrol stations, hairdressers, restaurants and coffee shops. Loyalty schemes will reward you with either points or money off regular purchases. These points can be put towards other discounts on luxury or essential items.
Many retailers give away vouchers for discounts on their products, which can be for both essential and luxury goods. A good source of these include in-house magazines or brochures, though you may also come across them in newspapers or ‘deal-of-the-day’ websites.
- Travel cheaply by rail
Travel by bus
Bus companies offer discounts if you can pay for your regular travel in advance. Weekly and monthly tickets could save you a few pounds. Take a look at their website to see what other discounts they may have available.
Keeping your car on the road
Looking for the cheapest petrol prices in your area? Sign up to Petrolprices.com and let it do all the legwork for you. This website identifies the cheapest fuel in your area on a daily basis. MOTs and annual services are a necessary expense so make sure you shop around. Big name garages don’t always offer the best prices; smaller, local garages can offer competitive prices for a great service too.
Feed your family for less
Wouldn’t it be great to feed your family well for less money, and put the cash you save away for a rainy day? Try Netmums for some ideas on how you can do this, though there are plenty of other ‘feed my family for less’ results to be found via a search engine. If you are really struggling short-term to find money for food, ask your local Citizen’s Advice Bureau or local council where your nearest food bank is.
You can get free debt advice from the Money Advice Service – an organisation set up by the Government to offer free and impartial advice to those in debt. Click here for more information.
Scottish residents can find out more about managing debt by reading the Debt and Information package, created by Scotland’s Insolvency Service.