Saving money at home. Top10 tips…

Saving money at home is just as important as saving money in your organisation…

That’s why we created this list of 10 easy ways to start saving money. They won’t change your life on their own or overnight. But if you’re able to implement more than one, they will have a compound effect & make a significant difference over time.

Not all our tips will apply to you. Just pick the ones which suit your situation & commit to them. And over time you’ll start to see the difference in your pocket.

1. Move banks

Research some of newest banking offers out there. Not only do some of the best UK banks offer bonuses for opening an account and setting up direct debits, but some offer attractive interest rates to new customers too.

2. Cut down on watching TV

Yes it may sound a bit strange. But a big way to save money is to cut down on the amount of TV you watch. You may be surprised how you can save money doing this. Such as less exposure to money inducing adverts, using less electricity, more time to grow your business, extra time to exercise & keep healthy or just to spend extra time with your family.

3. Cancel your SKY or BT subscription

For some you this may be a step to far. But if you are reducing the amount of TV you watch, you could at least down grade your package.

I know people who spend up to £80 a month on TV subscriptions, which when you do the math is nearly £1,000 every year. And I don’t know about you, but I’d rather put that towards a family holiday or a Christmas saving plan.

4. Stop hoarding

It’s human nature for many of us just to buy stuff for buying sake. And most of the time the stuff we buy never gets worn, used or even opened anyway. So just stop it. If you don’t need it don’t buy it.

Remember need & want are 2 completely different things. It’s about saving money not spending it.

5. Get selling

If your anything like us, you’ll have loads of stuff that you don’t use or need anymore. And a lot of it will still be in pretty good condition.

Yes I know it’s a pain in the backside and takes a bit of time. But use the extra time your saving by not watching TV & get this surplus stuff on eBay.

You’ll be surprised how much you can make. And it’s a great idea to make this an annual or even twice a year event. We do this as a matter of course & 1 year made close to £1,000, which gave us our summer holiday spending money.

6. Sign up for free rewards programs

If you don’t do it already, you’ll find plenty of retailers who are willing to reward you for shopping at their store.  And here’s a good source of information to get you started saving money.

7. Switch your grocery store

We used to do our main shop at Tesco because it was convenient. And it didn’t take us long to work out that that they ain’t that cheap. Yes I agree, your basics (milk, bread, eggs & cheese etc) are usually competitively priced, but some of the other stuff are quite expensive.

And another factor is the kid in a candy shop effect. The big supermarkets (Tesco, Asda, Sainsburys etc) have so much stuff on sale, we can’t help ourselves. We go in for 2 or 3 items and come out with 10 or even a basket or trolley full. And half the stuff we come out with never gets used. What a waste of money.

We have have seen a massive difference to our shopping budget just by switching to ALDI. And I believe LIDL is very similar too. I understand there is still a bit of stigma attached to shopping at ALDI or LIDL, but for me it’s just not true.

They both sell quality stuff for a good deal less than the major supermarkets. Yes they have value ranges too, some of which can be not so good. But that’s only the same as Tesco. It’s just about trying stuff & seeing what works for you.

But the biggest saving comes from the limited products they sell. Some people might see this as negative, but for us it’s a huge positive. They sell pretty much everything you need (not want). But the limited selection stops you coming out with a trolley full, when you only went in for 2 or 3 products.

For us, this is a massive saving money initiative & has halved our shopping budget. And for a family could easily save you over £2,000 a year.

8. Switch to a subscription home printing solution

For those of you with school age children printing at home is a necessity. And it’s very useful for printing photo’s, invitations, birthday cards, scanning important documents and copying information to share with others too.

And you don’t think about the cost. Until you have to replace your printer cartridges or buy a new printer because yours just broke.

We surveyed a number of families and on average they replace their printer cartridges 4 times a year (up to £60 a time) & replaced their printer every 18 months (on average £70).

Families don’t monitor this spend, as it’s a distressed purchase. You buy it when you need it. But in reality a family on average spends up to £300 a year on printing at home.

And by switching to a subscription home printing service like Infinity. You can save up to £180, which is close to 60% each year.

9. Make your own gifts

If you want to save money while still giving generously you can make your own gifts. Like food mixes, candles, fresh-baked bread, cookies, soap, and all kinds of other things at home quite easily and inexpensively.

These make spectacular gifts for others because they involve your personal touch, something you can’t buy from a shop. And you can even include a personally designed card, printed out on your Infinity home printing solution.

10. Cook instead of getting a takeaway

I know it’s a treat on a Saturday night. And us with kids find it difficult to get out much too. But takeaways once a week soon add up.

Don’t get me wrong, we love a good takeaway curry from Millon in Haslingden. But on average we spend about £20 on it each week, and when you do the math that’s another £1,000 a year. Blimey it soon adds up.

Does that mean Saturday night becomes a bit boring. Not in the slightest. It becomes date night. The misses & I now take it in turns to plan and cook a romantic meal (well, as romantic as we can with 3 kids looking on). And as an extra treat, once every couple of months, we still order a Million too.

The key message is that you can still have a great meal on a Saturday night with a little effort, but with added romance. And save a good £500 a year.

Saving money in conclusion…

Don’t get me wrong saving money is hard & it’s much easier to spend it. But with our reckoning you could easily free up £5,000 a year by following through on these tips. And this will pay for a great family holiday next summer.

 

2018-09-15T12:11:52+00:00Categories: Uncategorized|