Saving money is about developing good habits. Here are ten ways you can save a bit extra on your everyday expenses, without really having to think about it.
It may sound simple but many people don’t bother to compare prices before they buy, and it can cost you. A quick Google search will tell you whether anyone else has a better deal than you’re looking at – or apps such as PriceSpy make the process even easier.
Often you can get the retailer you’re shopping with to match a competitor’s price, so you don’t even need to leave the shop to do it.
Set up automatic payments
You can often quickly save money on your utility bills by setting up automatic payments. This means you never accidentally miss one and get stung with a late payment penalty, and you get the full advantage of any prompt payment discount that’s offered.
If you’re shopping for a big-ticket item, don’t take the first price you’re offered. You can almost always get a discount on an advertised price, especially if you’re not looking for finance for the purchase. Sometimes, you can negotiate for added extras, such as a free umbrella with an outdoor furniture set, to sweeten the deal.
If you know you’ll be tempted by everything you see in-store, consider shopping on your computer or phone instead. Online supermarket shopping allows you to buy exactly what’s on your list – and nothing more. While you will often pay a delivery fee, many people report that it’s less than the savings they make through not picking up that extra couple of packets of biscuits they pass on the way to the checkout.
Make the most of rewards
Strategise your shopping so that you’re putting your money through outlets that reward you for it. Sign up for whatever programme is available at all your favourite retailers and stick with them to maximise your tally. Double your points by making your purchases with a credit card that also offers a good rewards programme.
If you’re willing to put up with the odd little mark or imperfection, you can save a lot by buying seconds. Everything from shoes to whiteware is offered as seconds or floor models, at a discount.
Many people spend a lot of money on their food budgets. Instead of winging it each day (and buying pricey takeaways when you draw a blank), plan out your week of meals each weekend. You can do this in conjunction with your supermarket shop to create your own meal delivery kit, at a cheaper price.
Swap your gym membership for online workouts
Are you paying for a gym membership you never use? Why not tap into the thousands of workout videos listed free online instead?
Don’t save your credit card details
While internet shopping is great, mindless spending isn’t always so good for your bank balance. It may be a good idea not to save your credit card details at online shops you regularly visit so that next time you log in and want to purchase, you actually have to go and get your card to do so. That time to think may help you work out whether you really need it.
Shop with a friend
It’s often possible to get good deals on bulk buys – but who has the space to store the extra purchased? If you get together with a friend to maximise buy-one-get-one-free deals, you’ll both save – whether that’s at the supermarket or buying kids’ toys for Christmas.
Get in touch
Saving money is just part of the picture, so if you have any questions please don’t hesitate to contact us. We are here to help you bring out your best financial self.
Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current development or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek advice from a financial adviser.