Many of us constantly wonder about ways to save money whether it be for a rainy day or an annual holiday yet you’d be surprised at the amount of people who don’t actually make that much of an effort in finding ways to save for important occasions.
Here at Your Money Saving, we’ve come up with a few minor changes that you could make to your everyday lifestyle that will in turn end up with you saving a tidy sum on a monthly basis!
Whether it be cutting back on certain things in your social life or simply choosing the cheaper option, there are plenty of things that you may not be aware of that you can cut back on with relative ease without having to turn into a complete penny pincher.
Cutting Back on Unnecessary or Unwanted Social Events – Of course, we’d never expect you to completely give up such a key part of your life but have you ever thought about how much you spend on social activities that you aren’t actually that fussed about doing? Whether it be spending £15+ on a cinema trip a couple of times a month for films that you don’t like the look of or following a hobby just because your friends do, you’ll probably find that there’s one way or another that you can cut down on certain social activities.
- Use Pound Shops – Although perhaps not as much of a pleasant experience as shopping in your local supermarket, visiting pounds shops can bring out some unexpected bargains. With cheap stores having proven to be better value for money on bulked branded goods such as pasta and sugar, it’s worth looking out for unusual packaging that may lead you to think that you’re saving when actually you’re being ripped off. Other items such as bin bags, non-perishables and decorations are also known to be items to get at pound stores.
- Consider Renting Out Your Room – If you have a spare room, renting it out on AirBnb is a perfect way of receiving regular income without a huge amount of fuss. With the amount charged to tenants completely up to you, using AirBnb as a platform is a very easy way to make money on the side as well as meet new people and expand your horizons.
- Stop Buying Coffee on a Daily Basis – Spending around £2.50 on a Coffee 5 days a week on your way to work ends up being very expensive on a monthly basis. Although spending money on a decent Coffee maker and a flask may seem expensive at the time, it will easily save you money in the long run, allowing you to put money towards more important things.
- Meal Prep – Preparing your meals for the week is becoming more and more popular and as money-saving experts, we’d recommend starting if you haven’t done so already. Buying and cooking in bulk doesn’t only save money but also relieves stress when it comes to constant food shopping.