If you want to get your saving head on this year, there are lots of things you can do. If you follow the techniques in this post, who knows – you could save up enough money to buy a new car, luxury holiday, or your first home! Let’s take a look:
Get a High Interest Current Account
If your bank’s interest rate on your current account isn’t very high, then try to find a better one. Many banks have some great deals available so check them out and see if you can make the most of your money.
Avoid Wasting Food
The average household wastes about £470 of food every year, but it can be up to £700 for a family with kids. This is around £60 per month, which is a lot of money when you think about it. How long and hard have you worked for that food to go to waste?
Collect Loose Change
Don’t leave your loose change lying around: throw them all into a money box or jar and then add them up at the end of the year. You could save more than £50 without really meaning to!
Investing your money is a very smart move, and there are many ways you can do it. This financial planner provides a great resource for investment basics, so take a look.
Sell Anything You Don’t Need or Use
If you have things lying around you don’t use, like old mobile phones, DVDs, CDs, and clothes, use recycling sites and bargain sites like eBay to sell them on to somebody who will use them!
Rent Out a Spare Room
You could make a few hundred pounds every month by renting out a spare room in your house. Don’t just leave yours lying idle – rent it out and save up!
Shop at Tesco
Tesco can sometimes appear expensive in comparison to their competitors, but they have the Tesco price promise. This means that they compare your shopping to their competitors, and then give you back the difference on your next shop if you could have gotten it cheaper. They also give you Clubcard points, money off petrol, and send regular money off coupons!
Make Your Own Takeaways
Buying takeaways should be considered a luxury. It’s so simple to make ‘takeaway’ style meals ourselves, and for a fraction of the price. Look for recipes online and get your chef’s hat on!
If you get coupons through the door or find some in the paper, save them. You never know when they might come in handy!
Watch Catch Up TV
If you only watch catch up TV and Netflix or Lovefilm, then you might not have to pay for a TV license.
Rent a Dress
Instead of buying a dress for that big night out, rent one. See girlmeetsdress.com and choose yours. This will save you buying something only to wear it once!
Do you have any special techniques for saving money? Let us know in the comments!