As January draws to a close and the post-Christmas crunch has set in, we’re all on the lookout to save a few bob here and there.
Ultimately, the secret is: spend less, have more money.
A great way to do this is cutting back on subscriptions, one of which could be a costly TV package. Freeview, as it happens, has no monthly cost whatsoever.
There’s plenty of more ways to save this new year, some of the best tips are featured below:
Save as much as you spend on leisure
If you’ve got a disposition for impulse purchases, think about putting the same amount of money in savings as you spend on each splurge. So if you’re paying £40 for the latest console game, put £40 in your savings. If you can’t afford double, don’t buy it.
Always check for coupons and cashback
When you reach the checkout, most online shops will ask if you have a coupon or promo code. A quick 5-minute search won’t take long but it could save you a lot of money.
- Honey – Chrome extension (Click on the Honey button during checkout and Honey will automatically apply coupon codes to your shopping cart.)
- Amazon Discount Finder – A quick and simple way to find the hidden discounts and offers from Amazon.
- Living Social – Similar to Groupon Living Social is all about helping you find deals in your city.
- EXTREME Couponing – Delivering daily coupons, deals and discounts.
Have a Spring clean
You may still have some unwanted Christmas gift you got from that relative you only see once a year… Get that stuff on eBay, Gumtree or Craigslist. Less clutter, more money. The great thing about technology is, even when something shiny and new comes out – there’s still a market for older models of technology. Check out the Gadget Show’s guide to selling old tech here.
Give your purchase a little time
Don’t add it straight to your basket and check out (unless it’s something that’s going to sell out quickly). If you can hold off, give it a few days or a week and see if you can get a better deal. Usually, websites will discount items a few weeks after offering it online.
Trade in unwanted gift cards for cash, or purchase some for a sly discount
Zeek is a marketplace to buy and sell gift cards. So if you’re holding a £50 iTunes gift card in one hand and a new Android phone in the other, think about trading those in for 40-odd pounds and buying some Google Play credit instead.
- Abide by the Golden Rule: don’t shop when you’re hungry. Browsing the aisles on an empty stomach can leave your cupboards bursting with unwanted snacks, and your wallet empty.
- Eat more vegetables. Even if you’re not ready to give up meat entirely, introducing more vegetables into your diet can do wonders for your health and your bank balance.
- Cook from scratch. Learning to cook properly can save you money, impress your friends and loved ones and potentially land you a slot on Masterchef.
Switch bank accounts for an incentive
Switching is quicker and easier than you think, and it can earn you instant cash. Most banks offer you a cash injection to switch your current account to theirs. Here you can find what banks are offering you cold hard cash, for free.