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12 easy ways to save money

Tips for saving money

It’s so easy to lose track of your money. Pay day comes and before you know it, it’s gone. Here are a few ways to starting to make the most of your money.

  1. Keep a diary and write down when you spend money. You will be surprised how much a shop-bought lunch, magazines, chocolate, etc costs. To save money without missing out on the things you like buy a packaged lunch two or three times a week, get a magazine subscription, and buy chocolate on offer with your weekly shop.
  2. Set yourself a daily budget. Calculate all your outgoings and divide what’s left to give yourself a daily allowance. For more on this, read how to create a budget and stick to it.
  3. Prioritise. Do you really need to buy that pair of shoes more than you want to go to Brazil? Think about the experiences you would like to recall in five or ten years.
  4. Visualise your goal. If it is a destination, use a screensaver and it will be a reminder of why you are saving.
  5. Walk instead of taking public transport.
  6. Be a savvy shopper – I use mysupermarket.co.uk – to check supermarket deals. Visit the supermarket that offers the best price for your weekly/monthly shop.
  7. Start a piggy bank – they’re not just for children! I save all my small change and have a separate pot for my £2 coins. Do not touch your piggy bank for at least a year or until it is full.
  8. Look for half price days and nights out – check out lastminute.com for theatre tickets, meals and theme park days.
  9. Create your own package holiday – try putting together your own holiday online and compare it to ready-made packages in holiday brochures and see which is cheaper – I have started to do this and found that for me, it is cheaper. [Note from editor: what you do need to take into consideration with buying your flights and hotels separately is that you don’t have the same protection if something goes awry, for example, your flight is cancelled.]
  10. Wait a week – if you really want to buy something, wait a week and see if you do really want it!
  11. Shop online – things sometimes are cheaper online – check out pricerunner.co.uk to compare.
  12. Stay in – instead of nights in the pub, try nights at home. Instead of eating out, try ‘come dine with me’ with friends. Instead of a cinema night – try movie nights with already owned DVDs or movie streaming packages such as Netflix, NowTV or Xbox Live.

12 easy ways to save money - Chapterthirty

Share your top tips for saving money in the comments below.

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