After my recent posts on trying to get myself set up well financially, some of you were interested in some tips to save some extra cash.
While this isn’t something I’m an expert on, it’s something that I’ve been looking into doing recently and I’ve been coming up with some practical and realistic ways I can save some money.
10 Money Saving Tips
1. Wait 24 hours before buying online.
I’m such an impulse buyer. I can go from not ever thinking about a product, to it being in my Amazon basket in 2 minutes. The internet makes this really easy to do.
Every time you want to buy something online, put it in your shopping basket but then wait a day before actually buying it.
When you come back to it, consider if you really need it.
Half the time you’ll realise it’s not something you need.
Bonus tip: put the money it would have cost into your savings instead.
2. Eat before you leave the house.
While you’re out and about, it might seem nothing to spend £2 on a sandwich and a quid on a bottle of coke. Or if you’re a coffee addict, you might find yourself dropping £4.99 on a skinny-mocha-latta-cha-double-expresso-locomo with two pumps of caramel.
Eat or drink before you leave the house so you don’t find yourself splashing out on food you don’t need. Take your own liquid with you.
I usually take a tea or coffee in a flask on the way to work and if I’m going out shopping, snowboarding or meeting friends, I’ve got a few drinks from Degustabox that I’ll just grab and go.
3. Top Cashback.
Top cashback is a site that allows you to earn a bit of money back when you shop online. When you do need to buy something online, it’s worth checking if the website works with Top Cashback.
It works on a percentage of sales so it’s better if you’re buying something expensive like car insurance, sky or a phone contact.
4. Be wary of sales.
Just because something is cheap, doesn’t mean you need it.
Sales can be temping because you feel like you’re saving money, when really you’re spending extra money on something you never wanted in the first place
Only shop in sales if you’re looking for something specific!
5. Have a one in one out policy.
Keep your life simple by keeping on top of your belongings as well as what’s in your bank account.
Have a one in/one out policy. If you buy something new, it’s time to retire something else from your wardrobe.
I always feel much better when I have less things weighing me down.
6. Look for discount codes.
If I ever need a new dress or shoes for an event, I’ll Google ‘shop name discount code‘ before I do so. I’ve had many 20% discounts from ASOS by doing this!
7. Use up beauty products before buying more.
I have 3 foundations opened, 3 mascaras, loads of eyeshadow, 3 eyeliners…
There is absolutely no reason for me to buy anymore of these until I’ve ran out or they’ve gone off.
This is something I’ve been really determined to do and I’ve not bought a make-up item, moisturiser or face product in months. I’ve got loads to use up still!
8. Shop the reduction section.
I get a lot of my fruit and vegetables from the reduction section. Some may be dated for that day but will last a few days longer. Bagged salad usually gets an extra 3-4 days and most fruit.
Bread is good for this too, I’ve had bread up to a week after it’s sell by date. And I survived.
9. Use cash.
Swiping everything on a card is easy, but you can lose track on what you’re spending.
Having cash lets you budget easier as you can take out so much per week and work to make it last.
One of my housemates gives me rent in cash (I pay the landlord the full amount and they pay me their share). I then try to make this money last as long as possible and won’t use my card until it’s ran out. I use it for food, petrol and anything else I might need during the month. The goal is to make it last the month.
10. Know what you own.
By regularly going through your products and clothes, you can have a real sense of what you own. I always rediscover things in the back of my wardrobe that I forgot existed!
You can even make a list of what you have, so the next time you get tempted to buy that red Mac lippy, you’ll realise you already have 8 other red lipsticks.
What are your money saving tips?