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Tuesday, 21 February 2017

Feeling the pinch? Money-saving strategies that work

Most people would love to spend less and save more. The cost of living is rising year on year, and if you haven’t had a pay rise for a long time or your family has expanded, you may be feeling the pinch. It can be tricky to balance the books, but hopefully, these money-saving strategies will help! 


Reducing your energy bills

How much do you spend every month on gas and electricity? If the answer is too much, there are a few ways you could bring your bills down. The first thing to do is shop around. Have you been with the same provider for as long as you can remember? If so, you may not be getting the best deal. Most companies save the best offers for new customers to lure them away from competitors. You can use online comparison sites to get some ideas and make some calls. You can also use this tactic to save on insurance costs, TV and broadband packages and mobile phone bills.

You can also cut your bills by saving energy. How often do you walk into an empty room to find the lights or the TV on? How often do you spend an extra 10 minutes in the shower or fill the bath too full? There are loads of simple ways you can use less energy by paying more attention to your energy usage on a daily basis. Fitting a smart meter is a good place to start. It’s also wise to make your home more energy-efficient. Swap old halogen bulbs for high quality LED spotlights, and replace broken or old-fashioned appliances with smart technology. 

If you spend a fortune on heating, look into insulating the loft or take a trip to the hardware store and buy some sealant for cracks in door and window frames. If you don’t have double glazing, you can buy affordable secondary glazing sheets that can be fitted in five minutes. They’re not as robust as effective as double glazing, but they’re a lot cheaper, and you should notice a difference.

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Saving on groceries

If you have a family, you probably spend a lot of money on food shopping every week. Growing kids have big appetites. Shopping online can save you money, especially if you tend to end up with a trolley full of extra items you don’t need every time. You can also save by using vouchers and pick up bargains at the end of the day. If you plan a menu in advance, you can save on feeding the family by batch cooking.

Cutting commuting costs

Do you spend a lot of money on a train or bus pass or do you feel like you’re constantly filling the car up? If so, why not explore options like cycling to work, sharing lifts with colleagues or working one day a week from home?


If you’re feeling the pinch, try these money-saving measures. Hopefully, you’ll have a little extra cash to put away for in a rainy day fund each month!

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