13 April 2016

5 Sure Fire Ways To Reduce Your Monthly Outgoings

When it comes to our monthly income, it can seem like it is gone before we know it. How does that happen? Sometimes life can feel like one bill after another, and there never seems to be anything left to save for some of the finer things in life. But, by making a few changes to your outgoings and habits, you can begin to save some money. Meaning you can go on that holiday you are lusting or put it towards some amazing things for the family. I thought I would share with you a few ways you can help reduce your monthly outgoings. 


Compare your electricity and gas costs
So many of us are not on the best deal that our provider can offer. I bet that if you looked at alternative suppliers, it might even be cheaper still. But the perception is that changing your gas or electricity supplier is hard work. However, these days the companies tend to handle the whole thing for you. As long as you are vigilant with obtaining meter readings, there is no reason why you can’t reduce this bill. You could even contact them directly and get them to reassess your use resulting in a reduced direct debit.

Use voucher codes and deals
Some shopping is unavoidable. Things like food, birthday gifts and Christmas. Even things like clothes are all necessities for you and your family. The best way to save money on things like this is to hunt out voucher codes and deals offering discounts or money off. Websites like gopherdeals.co.uk can offer you an array of different discounts. Saving you some extra money that can be put into to your savings pot. 

Meal plan and make lists
Your weekly food shop can be one of your biggest expenses. As much as voucher codes can help it’s time to look at your shopping habits. Getting into the routine of meal planning can save you quite a bit of money overall. Once you have decided what you are eating, it’s advisable to write a list so you don’t buy anything you don’t need. Many times the food shop bill can creep up just because we buy things we think we need that we don’t. 

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Save for annual things
Setting up little savings plans here and then can save you money overall when it comes to the big things like Christmas or birthday gifts. It’s also worth putting money aside for car maintenance and insurances. If you can pay for things like car insurance in one lump sum, you can save money overall. 

Reduce some of the luxuries
Sometimes we can pay for things we don't need. Just because they come out on direct debit, we tend to forget about them or accept that is the only cost. Now is the time to look at each cost and ask yourself whether you need it. Can you reduce a TV package for example? Or contact some of the companies you pay out for and ask for any better deals? People that do this can end up saving quite a bit of money per month. Whatever you save can go straight into a saving pot allowing you to build up some money for other things. 

I hope these tips help you with your monthly outgoings.

22 comments:

  1. Great tips! Another one is to use cash-back websites, you just buy from a retailer through the cash-back website and get money back. It's really easy! xx

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  2. Something we all want to do - save money! We're looking at broadband deals at the mo x

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  3. I'm always searching for coupons for my shopping, and also, I check online for who's got the best offers on the items I need to buy before I go shopping.

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  4. Great tips...I like to meal plan and it does save money and waste too :)

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  5. I like to save any 10p's and 20p's and eventually it will be enough to give our family a treat which last time for a film night with a dvd and a takeaway.

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  6. This is so helpful. Great money saving inspiration, thank you!

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  7. Some really useful tips, thanks a bunch!

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  8. Great tips, thank you for sharing! I really should compare energy prices for gas & electric instead of just renewing each year! I also use Top Cashback for online purchases! x

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  9. Thanks for the useful tips. We buy non-perishable groceries such as washing powder, dishwasher tablets, tea bag, etc. on-line and in bulk as the prices for large sizes are so much less than buying at the supermarket.

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  10. I'm really bad a time saving. I don't meal plan but have a budget for the weekly shopping.

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  11. This month has been awful for us. So many unexpected expenses which all add up x

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  12. Some fab tips! I desperately want to reduce our outgoings so we can save more. I already meal plan but definitely spend to much on food shopping so I'm aiming to really cut that down next month! xo

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  13. There are some really helpful tips here. We need to look at our gas and electricity suppliers and see if we need to swap. We also meal plan and it saves so much money and stops us throwing clothes out. And last week I had to buy loads of maternity clothes and I found a voucher code which saved me lots of money. These little things really do add up and mean you can save lots of money. Hugs Lucy xxxx

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  14. I always look for voucher codes and offers and always go through a cash back site. Why not?! Great list x

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  15. Great tips, thanks for sharing. I do some of these already but need to start doing more!

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  16. Thanks fabulous ways to make savings
    The hard point is having the motivation to try all these

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  17. Thanks fabulous ways to make savings
    The hard point is having the motivation to try all these

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