Essential money saving tips from the experts
When I was thinking about putting together a post about the best money saving tips around, I knew the very people to ask! The UK Money Bloggers are a brilliant group of people, who all blog about money related issues in one form or another.
If you are looking for help with specific areas, then these are a few that you should look out for.
Cass over at Frugal Family has great ideas for living below your means and still living a great life.
For all things debt related, Debt Camel is a must. It’s packed full of useful information on every possible aspect of debt and Sara is incredibly helpful and generous with her time.
If you want good quality, solid money advice from someone you can trust, then check out Be Clever with Your Cash. Andy is very knowledgeable and has some fantastic posts about all sorts of money saving tips.
Money saving tips are only half the battle
Some specific money saving tips from other members of the group are ones that you should find useful, as well as being easy to implement. However, it’s all very well reading these tips, but the thing that makes the difference is if you put them into action.
Once you have decided which of the tips you like best, then take action on them TODAY.
How to stick to a budget
“One thing that really helps me when sticking to a particular budget is putting that money in a totally separate purse and only spending on that area from there so I know exactly how much I’ve got left. I did this when I cut my groceries bill down to £50 a month and found it really helped.” says Fiona whose blog is Savvy in Somerset
I love this suggestion from Katy, of KatyKicker fame, because it’s really important that you are able to treat yourself sometimes! “My best money habit is allowing myself a small budget for treats. I can save this up, as I wish, and use it for days out, hotel stays and nice things to keep me on track the rest of the time.”
Use automation wisely
Pete is a great believer in making life easy for himself, so he says “When I take out a new contract, I always set a notification on my phone for a month before it’s due to end. That way, it gives me plenty of time to consider my options before renewing.” Brilliant advice from Household Money Saving, because comparing insurance quotes a month before the renewal date will get you a cheaper quote. The closer it is to the renewal date, the more you will pay.
Another brilliant way of using automation is when you are saving for something. David from Thinking Thrifty says “automating my savings turned my finances around. I did it using current accounts instead of savings accounts. Here’s how!”
Don’t get ripped off
Helen from The Complaining Cow (don’t you just love that name?) has some great posts to help you. “I keep up to date with consumer law, and any updates, so that I can use them to ensure that I don’t get fobbed off by companies providing me with bad service or faulty goods. So many people are fobbed off that they lose money to which they are entitled, so I do as much as I can to spread the word too!”
Treat yourself as the most important person each month
Being able to prioritise your spending is really helpful, if you want to ensure that you stay solvent and reach your financial goals.
Victoria’s blog Lylia Rose has lots of lovely posts about family, money, and lifestyle. Victoria says “For me it’s working out our income and expenditure to the penny every pay day. With being self employed I now pay myself once per month when my husband gets paid, so we have a big pay day and budget for the month ahead. Before I would just spend as it came in and we never really tracked our money which wasn’t the best idea. From our spreadsheet we are able to see exactly what is left over for personal spending and can divide this up for the month.
Before we did this we always ran out of money and used credit cards which wasn’t the best choice! Now we always stay in credit.”
Emma agrees that YOU are the most important person in your life and says that “my best money habit is to treat my savings like a bill instead of just saving whatever is left at the end of the month.” This way you can ensure that your savings build up, rather than being something that you do at the end of the month, IF you have any money left. Emma also has loads of other money saving tips that you may like over on her Emma Drew blog.
10 top time-saving money tips
If you have enjoyed these money saving tips then you might like to download my 10 top time-saving money tips. These brilliant tips will help you to save time, save money and give you more money to spend on the fun things in life.
What’s not to like?
I am Eileen Adamson, Your Money, Sorted coach, working online with UK based women. I can help you to develop a better relationship with money and feel calm, relaxed and positive about money. This will allow you to feel confident, in control and able to make good financial decisions. Through creating a good relationship with money you can then live the life that YOU want to lead.