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.
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.