Creating a big budget and savings plan can seem overwhelming. But you don’t have to start your personal finance journey with a long spreadsheet session!
If you want to start small, you can try adding easy ways to save to your everyday life. These savings tips are small and straightforward, meaning you won’t have to modify your routine to start building your bank balance up.
In this blog, you will find a hand-picked list of ways to save money for beginners. Get your notebook or open your notes app and start scrolling now.
1. Swap Your Food Shopping Schedule
Are you guilty of popping to the local supermarket as and when you need things? Shopping in small amounts may feel like spending less, but it often leads to spending more than you would if you shopped in one big shop.
Plan time for a weekly or monthly shop and bring a list. Yes, you will pay a larger bill in one go, but you will spend less in the long run!
2. Cook in Bulk & Freeze Meals
This might be one of the most common tips for saving money, but it is popular for a reason. Spend one afternoon a week meal prepping and freezing food so you don’t splurge on takeout and ready meals.
3. Embrace YouTube Fitness
Want to know how to save money fast? Kiss your gym membership goodbye! Gyms are notoriously expensive, especially when you do not go regularly. Instead, embrace the world of YouTube fitness videos. There is something for everyone on this platform!
Or learn how to save money and stay fit here.
4. Be Diligent With Refunds
Have you ever bought new clothes and decided you don’t like them? Most people will know this feeling. Unfortunately, most of us also procrastinate sending refunds until it is too late. Be proactive and get your money back!
5. Use Comparison Sites
Using comparison sites is one of the best UK savings tips. We all know the adverts for Go Compare and Compare the Market, but you might not know how helpful these can be. Scan through these before buying car and pet insurance or choosing your new broadband or energy supplier.
6. Don’t Lie To Yourself About Savings
Be honest. Have you ever told yourself you will put leftover money in your savings at the end of the month? And now be even more honest: did you do it?
Do the hard thing and put money in your savings account at the start of the month or whenever payday arrives. Then, you can spend the rest without guilt.
7. Forget 2-For-1 Deals
Okay, maybe don’t forget all 2-for-1 deals. But be suspicious of offers that seem too good to be true. Often, these deals are designed to make you pay more when you don’t need a second item. The marketing makes the deal seem urgent. This leads to people buying without thinking. So, stop and consider the price before you pay!
How to Save Money Every Day - The Takeaway
Did these tips give you a new insight into savings? Or are you already a personal finance pro? Either way, keep your learning going. Visit the Cash Asap blog to read more UK money-saving tips and budgeting advice.