Reduce Your Mobile Phone Bill
Your mobile phone bill can be quite a costly expense so it might be useful to shop around for some new deals if the contract is due for an early upgrade or is coming to an end. SMARTY mobile powered by Three has some great deals on SIM-only contracts that start from as little as £7.50 a month. This could save you a packet on your phone bill if you don’t even need the phone replacing.
Cut Out The Memberships You Don’t Use
From gym memberships to food subscription services, these monthly costs can really damage the bank balance, and you’ll notice a huge difference in the leftovers from your paycheck if you remove the ones you don’t use that often or could find a cheaper alternative. With the average person in the UK paying around £32 a month, that’s £384 you could be saving per year.
Limit The Amount You Spend On Going Out
It’s great to get out and spend time with family and friends, but the cost of eating or drinking out can certainly add up if it’s once a week. Limit the amount you spend on going out but don’t sacrifice that time you want to spend with loved ones. Go to the park, have a movie night or host a dinner party where everyone brings their own booze or drinks. It will save everyone around the table, a small fortune!
Be Strict With Your Gas, Electricity and Water
You may have a great deal with your utility provider, but you may still be using a great deal of energy and water in your day to day life. Keep the central heating on for a limited time and turn off the lights when you leave a room. Take showers instead of baths and don’t leave the water running when you brush your teeth. These small things can make a big difference to the bills.
Car Insurance And Travel Costs
Living in a city and travel, in general, can be pretty costly but there are ways of cutting down the cost such as looking into cheaper car insurance and buying travel as far in advance as you’re able to. There are plenty of comparison sites now available for finding the best deals.
If you live London, you can also take advantage of delay compensation for London transport like the underground, and this can save you a considerable amount depending on the zone you live in.
Saving money is easier said than done but you may surprise yourself when you sit down and really access your monthly outgoings. It’ll all come in handy for Christmas and the new year.