You might want to save up for a special holiday, a revamp of your home, or you might just want to save a little extra for a rainy day. Whatever you reason, the best way to add up the pounds and pennies is to cut back on your monthly expenses over the course of the year. Little by little, you’ll be surprised at just how much you manage to put away! Here are some helpful pointers to get you on your way to cutting costs.
Look for long term deals
One way to cut the costs is to tackle those monthly bills. The key ones are your phone, TV, internet services and utilities. It’s well worth spending an hour or two ringing around and looking at what’s on offer with different providers. Remember to compare broadband deals, as well as packages with other services like phone and mobile options combined, as this could cut your overall monthly expenses. Compare broadband to find out which provider gives you the best service, at the best price for your budget.
Save energy around the house
Use LED lights and other energy saving bulbs. Turn the lights off when you are not in a room. Install low-flow toilets like the Toto Drake, taps and showers, and turn the tap off when washing your hair or brushing your teeth. On top of new discipline, this tip requires a small investment but your bills should go down allowing you to make your money back quickly.
Short term bargains
Some monthly costs – like food, clothing and travel – can’t always be cut in advance, but you can still save by looking out for promotions and special deals that cut prices down. Buy dry items like flour, sugar and rice in bulk when on special offer – these can always be stored away and used later. Fresh produce like fruit and vegetables can often be found for less at local markets and grocers, while supermarkets offer their own promotions to keep shoppers’ bills down.
Try the five day rule
We’re all guilty of spending a little extra than we should have on frivolous impulse purchases that don’t see the light of day after they get home. To cut back on this, try the five day rule. If you see something you really want and have to have, wait five days and go back to it. If it’s a genuine must-have purchase, then you’ll have thought of lots of reasons why it’s an essential spend, but if you’ve already forgotten about it by the time your five days are over, then it’s definitely not worth buying!
Look for fun ways to save
Cutting back on your monthly costs doesn’t have to be all about being miserly. In fact, you can incorporate your cost cutting into your social life too, without being a Scrooge! Keep an eye out for vouchers and promotions at local pubs, cafés, restaurants and attractions. You’ll find that ‘buy one get one free’ deals are commonly offered, especially at off-peak times like mid-afternoons, perfect for when you fancy a coffee with a friend or a surprise lunch date! It’s also worth getting involved on social networks to catch their surprise promotions and deals without missing out.
So there are our tips for cutting your monthly expenditure, from remembering to compare broadband deals to the five day rule. Get saving today!