Peachy money saving tips

10 Moneysaving tips you probably didn’t know about

Posted on 8th August 2014

Saving money is something that we all wish we could do. It can be second nature if you know how to find the right tips to help you on your way. We have you covered because in this special guide, we will show you the top 10 tips to save money that you maybe didn’t know all ready.

  1. Do overtime:

    If you are able to take on extra shifts at work or overtime, you should consider this is an option to save cash. You save money by doing overtime if you use the money from your overtime to put into any of your savings challenges such as setting up an emergency fund. Another way to do this is to avoid lying in on holidays and just take yourself to work if you have a job that runs on shifts, for example during holidays. The holiday shift pay is extremely good and you know automatically this will go into paying off debts and saving you more money in the long run.

  2. Buy food when full:

    One of the most important financial lessons you will learn is that you should never go shopping for food when you are hungry. This will make you think that you need all of the crisps and chocolates in the aisle when actually you don’t. When you go shopping on a full stomach, you end up buying fewer things which are bad for you which are invariably more expensive to purchase.

  3. Buy most of your clothes from charity shops:

    Charity shops have undergone a makeover because of TV shows and the press. They are no longer boring places where uncool clothes are kept – this is where you can buy cool vintage clothes without the huge vintage price tag. If you need a new wardrobe for work or your personal life but you don’t want to pay loads of money from the high street, you can go to charity shops instead. The Salvation Army is a good source of affordable clothing.

  4. Write a pros & cons list of consumer spending:

    If you need some help figuring out what products you can buy, this is why you need to write a pros and cons list of anything that you are thinking about buying. If the pros outweigh the cons financially then you can consider buying it but if the cons are longer, this is when you need to wait longer until you buy it. If there is a new TV you want to buy, you should save for it slowly but surely and make sure to ask for a discount before you dive into consumer spending.

  5. Don’t pay for TV:

    The rise of YouTube has changed how people spend money on TV. You should consider watching free shoes online via YouTube or use BBC iPlayer and the free online TV services from Channel 4 and ITV to catch up on all of the TV that you want to watch. Once you stop paying for TV, you will never go back because you will have the Internet.

  6. Cook your own meals:

    It can be tempting to eat out all of the time but this is where the bulk of your hard earned cash will go. You should consider cooking your own lunches so that you don’t have to go out to eat for work. Cooking your own meals takes much more effort but you end up saving much more money in the long run. The most important meal of the day to cook for is lunch. Make a meal plan on Sunday and then cook your meals for the week. Cooking your own meals requires looking for inspiration. Don’t buy cookbooks and spend more money there – just simply use Google and search for free cooking recipes and read food blogs for free so that you can create meal plans for cooking.

  7. Cut down on discretionary expenses:

    That £3 Starbucks coffee that you love is something that you are going to need to cut down on especially if you want to see big changes in your spending. These purchases need to be cut down wholesale which means if you have Starbucks coffee every day, you need to avoid spending your money on it. Instead of having it every day, just have Starbucks once a week.

  8. Don’t buy alcohol bottles at a bar:

    Buying alcohol from the bar is something that you should not do if you want to save money. Buy alcohol from your local supermarket and throw parties at your home instead of going to a bar and paying for a huge mark-up. Alcohol brands like Jack Daniels, Absolut Vodka and Jim Beam are marked up by 100%-200% at bars. This makes sense at these establishments but they don’t necessarily make

  9. Don’t go impulse shopping:

    Shopping is something which is emotional and it is something that businesses are taking advantage of by making you stay in shops longer so that you can spend more money. This is why you should never go shopping on impulse. If you feel like you need something, always think about your purchase before by having a 3-day cooling off period. If you are still thinking about buying the item, then you can.

  10. Track your expenses on your mobile phone:

    Since most of us have smartphones, this means you can literally carry your money with you so you can see how you are doing with saving. Write down your weekly expenses to get an idea on how much money you are spending in a spreadsheet on your mobile phone. This way, everywhere you go on a daily basis, you can update it automatically on your phone.

With these tips, saving money is something that can be achieved. You just need to set goals but also know why you are saving your own money. This could be to start a business or to go on a holiday of your dreams.

Whatever the reason, these 10 tips will supercharge your money-saving ability.

More about spending less money you can find here

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Ten Back-to-School Tips to Help You Save More!

19th August 2014 at 10:14 am

[…] Supermarkets and department stores often have uniform sales in late September/early October so if you can wait that long to buy, you’ll make some serious savings. […]

http://blog.peachy.co.uk/saving-tips/10-back-school-tips-help-save-september/