These money saving tips have helped us live better for less over the years. Frugal living means controlling your own life and not being manipulated by advertisers into buying stuff you don’t need for too much.
Do You Need It?
It may seem obvious, but how much of what you buy would you miss if you didn’t have it? Try putting off buying things for a week and then 2 weeks – often you find you just didn’t need it!
Can You Buy it Second Hand?
It’s well worth checking your local paper and Ebay. We picked up a freezer that would have cost £150 for just £30 in our local paper. 6 months old and as good as new. This money saving tip has worked well for us more times than I can count.
Whenever you buy anything electrical they try to sell you an extended warranty. Well most electrical and electronic appliances fail, if they are going to, within weeks. After that they’ll tend to keep going for 4 or 5 years without problem. If they do die in 3 years or so, the chances are the replacement will be better and cost a lot less. We never buy extended warranties.
If you can’t afford it, then don’t buy it is the golden rule. Credit cards are very expensive forms of credit. Watch out for deals where they give you money interest free for 6 months or so. They can be worth while but miss a payment, even by accident, and you will pay through the nose.
If you owe money on credit cards, then do everything you can to pay them off. It may pay you to use an interest free deal from one to pay another if you can get it but the real answer is to take control and never owe them.
Once you’ve paid off those expensive credit cards and loans, start overpaying your mortgage. You need to talk to your provider about the best way to do it but paying an extra £50 per month could save £12,000 on a 25 year £100,000 mortgage
Do you just ignore them or do you check every line? You’ll be surprised to learn that mistakes in your favour are as rare as hen’s teeth. Mistakes in the banks favour are more common. Check!
Do you really need the latest new phone? Thought not. Why not use a pay as you go instead of a contract phone. You can pick up newer phones (when your brick becomes embarrassing) off Ebay for your pay as you go SIM card. Then see how long you can make it last. We put £10 on our phone 2 years ago.
Solid Fuel & Oil
Time when you buy and save a load. Usually at the lowest cost in early summer. The prices usually go up about August time when there’s a mad rush for the autumn and winter.
Save Money on LPG
LPG supply contracts for tanked gas last two years. Don’t just let them run on and don’t renew without shopping around. One hour on the phone saved us £1,000 over two years! One of our best Money Saving Tips.
Electricity, Gas & Phone
Check at least annually you are getting the best deal. You can do this online with web sites like Energyhelpline.com They help customers save money on their gas & electricity, home phone and heating insurance through a price comparison service. The service is only available for UK residents.
Home & Motor Insurance
Never just renew your insurance – check out what the others have to offer. Then ring your provider to cancel and I bet they magically match whatever price you’ve been quoted elsewhere or even beat it. Do make sure you have the cover you want though. Comparison sites can be useful but we’ve beaten their best deals most years.
Articles on Money Saving, Making Money & Finance Etc
- Is Life Insurance Worth The Premiums? We Discuss
- A Guide to Creating A Saving Plan That Works
- How minimum wages affect living standards
- The cheapest way of transferring money abroad
- How To Have an Exact Calculation of Your Monthly Mortgage Payment
- Why Updating Your Office Window Treatments will Help Increase Productivity
- Some Fun Ways That You Can Make Money From Home
- How to Find a Loan When Your Savings Fall Short in an Emergency
- Top Effective Ways to Earn More Money Online
- Low-Cost Ways to Start A Home-Based Business
- How to make large profits out of property
- 5 Top Tips For Taking Your Pension Early
- How to Save Money as a Young Family
- Finding the Right Loan Option for Your Lifestyle
- How to Learn from Your Financial Mistakes
- Are Alternative Payment Methods Better Than Traditional Banking?
- How to generate money from your home
- 5 money mistakes to avoid
- How an emergency fund supports your frugal living
- Tips And Tricks To Save Money On A Daily Basis
- 5 Practical Tips for Coping with the Cost-of-living Crisis
- Spending Triggers- What Are They and How Do You Deal with Them?
- How To Save Money And Time Throughout Your Day
- 5 Simple Tips to Create Passive Income At Home
- Getting the most fun for your money
- Use a Credit Report to Get the Best Credit Deals
- How to Keep on Top of your Household Bills
- How Your Credit History Really Affects Your Mortgage
- Save Money when Living Alone
- Green Ways to Save Money in Winter
- Money Saving Tips – Helping Your Home Finance
- Financial Planning – Make a Budget and Take Control
- Reduced Payment Arrangements & Bankruptcy
- Green Investment Opportunities
- Renovating? Don’t let it affect your home insurance
- Headline Interest Rates for ISAs
- A few reasons why you should buy home insurance
- Living on a Budget Need Not be Bad
- 7 Effective Tips for Betting on A Budget
- Budget-Friendly Online Casinos: Where to Play for Less
- Exploring remote games
- Speculate to accumulate: How educated gambling can help you earn money
- Tips to Help You Choose a Gambling Site
- Are Binary Options Investing or Gambling?