How to be a savvy saver
Looking for ways to save money? Here are some tips to get you on the right road, and become a savvy saver.
UNDERSTANDING YOUR DEBT
If you have any debt, it’s a good idea to deal with it before you start to save. A consolidation loan can be a huge help and all of your debts are in one place. Make sure you do your research, and use a company who are well-established and reputable, and have all the information readily available to you – Cash Lady are a great example of this.
ASSES YOUR SPENDING
Do you spend money for the sake of it? Sometimes, when there’s money in your bank account, it’s so tempting to just spend it just because it’s there. Budgeting is one way to keep track of your spending. Write everything down, and see where your money is actually going.
SET UP A SAVING ACOUNT
Set up a separate account and put your savings in there. If it’s not easily accessible, that’s even better! Do your research.
Switching suppliers for energy, mobile networks, insurance and broadband is an easy way to save some money. Haggling is the name of the game! There are so many suppliers out there who would love your custom – don’t be afraid to call up your supplier and barter a better price!
LOOK FOR DEALS
Never pay full price for anything. There is always a deal to be had, or a voucher to be found, if you look hard enough. If you use a website to book restaurants, you may find that you can get a better deal than if you just walked in off the street. Cashback sites are great for this too if you can’t find an actual voucher.
If you’re hoping to save more, it’s wise to get a handle on your spending and work out how much you have available to save each month. Working out a budget doesn’t take long, and it makes a massive difference. Tackle debts as a priority; the sooner you do this, the sooner you can start saving. Look for ways you can save at home by switching insurance policies and energy suppliers.