Living costs are going up. It is getting harder to make it to payday. Try these simple tips to help you make your money go further.
This is a collaborative post.
Rising living costs can be hard to deal with. Everything seems to be going up, the cost of fuel, the cost of food. Day to day living is getting more expensive and take home pay is not keeping up.
Taking a few simple steps will put you in control of your money meaning you have money to spare for the good things in life.
Do you actually know where your money goes each month? The first step in taking control of your money is to make a budget.
As Thomas Jefferson once said:
“Never spend your money before you have earned it.”
This is a good rule to live by. When you make a budget you can see exactly where your money goes each month and how much you have spare. It will also help you see where savings can be made making you better off.
Budgeting is not difficult, although it can be hard to motivate yourself to do it. Set an hour aside, write down all your income and outgoings. There are plenty of online budgeting sites and apps that can help with this.
Once you know where your money is going you can start taking control of it. You can budget to make sure your priority bills, like mortgage and council tax are paid and then distribute the rest among your monthly expenses. You should also know how much you have spare.
Now you have a budget you can have a look at the bills you pay each month. It is worth remembering that loyalty doesn’t pay. Are you coming to the end of your car insurance or home insurance policy? Don’t just auto renew, shop around to save pounds.
It is also worth checking your gas, electricity, tv and broadband providers to see if you can get a cheaper deal elsewhere. There are plenty of comparison sites online to help you do this. Don’t forget to turn off your electrical items when they are not in use. This can also save a fortune.
While this process may take a while the savings can be large.
Cooking from scratch is cheaper than using ready meals and healthier as well. By making a meal plan you can plan meals to use up what you have in the cupboards and fridge. This eliminates food waste.
Having a list when going shopping means you are less likely to make impulse purchases or add food to your trolley you don’t need. It is also a good idea to go shopping after a meal. If you shop when hungry you are more likely to add random items to your basket.
Read more: Top tips for feeding the family on a budget
If you have a garden why not try growing some of your own vegetables. This will also cut your food bill. Home grown vegetables taste much nicer too.
Before you go shopping make a list and stick to it. Once you know what you need check for discounts. Vouchers for food products can be found online and in supermarket magazines so keep an eye out.
If you are planning a day out check discount sites like Groupon and Wowcher. They have offers on meals and hotels which can help you save.
What top tips do you have for saving money? Let me know below.