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Do not take out any payday loans as their interest rates are too steep.
Also, if you have a large overdraft, chances are you’ll spend it each month if you’re not careful with your money. If you’re scared to lose the overdraft completely, halve it and see if it makes you any more cautious with your money.
If you normally buy takeaway coffee, buy a flask and make your own coffee instead.
Also, if you go out for drinks often, try cutting back or going alcohol-free for a month to see how much you save.
Selling or trading your unwanted things will free space in your house and even allow you to make some extra money.
You can also shop in thrift stores. You can get designer items for pennies; you can find cheap tat and upcycle it for next to nothing, and find one-off clothes you’d never find on the high street.
From time to time, research alternatives to your current recurring services to ensure you are getting the best deal, but keep in mind that the cheapest isn’t always the best. Pay special attention to gas, electricity, insurances, phone, and the Internet.
Rather than splashing out on expensive gifts for people, cut expenses and make your own cards and presents—at least for some people.
The gesture won’t be forgotten. Plus, everyone knows the gift of time far outweighs the gift of money.
Set aside a few hours on Sunday and make different dishes for the whole week. Then, freeze them and you won’t be tempted with takeaways or packaged meals midweek.
Doing so takes time but taking your own food to work will save you a lot over the course of the year.
Allow yourself a certain amount of money each week and spend only that amount.
Unless you’re constantly checking your finances, it's hard to keep track of what you spent when you pay with your credit or debit cards.
Be grateful for the money you have rather than complaining about not having enough. A simple change of attitude can help you to manifest more money and cut expenses.
You can also tell your friends and family that you want to cut expenses and let them know you are tempted to spend more than you intended. It’s even better if you can open in the effort to save.
Get on your bike, jog around the park, and lift weights at home. You could even organize regular work out sessions for free with others who want to ditch the gym and save money.
Turn your lights off when leaving the room. If you live with forgetful people, place little stickers by the switch to give people helpful reminders.
You can also replace bulbs with energy-saving ones.
Buy the unbranded products in the supermarket. You may only be saving pennies per item, but there really isn’t much difference in the taste.
You can also sign up to deals websites and newsletters, and save money on theater tickets, holidays, restaurant meals, and much more.
We tend to carelessly spend small amounts as individually it doesn’t seem like a big expenditure. But you should be aware of, write down and control these expenditures as they can add up to big sums.
You can also throw your loose change into a jar, then count it up at the end of each month and see how much you’ve saved.
Simplify your beauty regime and ditch expensive creams. All your skin needs is a good diet, plenty of water and hydration.
Also, brush your teeth twice a day and don’t forget to floss. Having teeth issues leads to expensive dental bills.
You can make your own cleaning products; for example, vinegar and baking soda work wonders for cleaning your drains; spray lemon juice on surfaces to get rid of stains and streaky grease marks, and use vinegar to scrub up wooden flooring.
You can also buy a dry cleaning kit and a spot remover pen if you regularly use dry cleaners.
Cycle or walk to work to save money and get fitter. If you’re on the lazy side, invest in an electric bike to help you up those hills in the morning.
Also, if you normally drive to work alone, see if there isn’t someone who lives near you so you can carpool and save on gas.
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