7 March 2018

Keeping Everyday Costs Down

Sometimes we think with our hearts and not with our heads. Making New Year’s resolutions can often be disastrous, with 80% of people failing by February and regretting it instantly. One of the most common New Year’s resolutions is to cut down on spending, and although this sounds achievable, if you don’t have a fully-pledged strategy in place, the likeliness of failure spirals out of control.

And I'm sure we all can understand that people can be victim to an unexpected expense — whether this is a home appliance breaking or making that third trip on a bus with only a return ticket. It all adds up in the end. Here are a couple of ways to save a little money in every costs. 

Travelling
Start off with something small, but something that will make huge changes when it comes to your pocket. Using a megarider ticket, you will be able to travel as much as you want and can tailor your own needs to the ticket type. Whether you’re in need of a weekly bus pass for your travels, or a monthly one — you will find yourself making a huge saving in comparison to buying a ticket every day. We worked out that my husband saves nearly double what he pays for his monthly ticket. 


If you’re a driver, did you know that the average motorist in the UK will spend an astonishing £168,880 over their lifetime? With efficiency growing in public transport, there is no reason for you not to consider making the bold move that could help you fulfil your resolution this year and save you a fortune.

When it comes to payments across the year, cars can mount up so much:
Petrol £1,052.04
Servicing £441
MOT's £168.46 
Parking £145.80
Insurance £436
Supplies £29.61
Tax £116.35
Speeding Tickets £25.12
Car Rentals £180

This would cost a driver £2,594.38 in total where commuters find themselves paying considerably less for a significant service — imagine the saving you would make with a megarider ticket!

Coffee
According to research carried out by MyVoucherCode, people in the UK visit coffee shops at least three times per week, I know my husband goes a few times a week before work! Currently there are over 21,000 outlets around the country and this means that Brits visit coffee shops around 156 times a year with an average spend of £8.52 


Branded coffee company, Douwe Egberts, has said that a 250g pack of ground coffee can make up to 30 cups. When looking to see how much a 1kg pack would cost, Amazon has priced the coffee at around £15, meaning that each cup of coffee would cost close to 13p. Try taking a flask to work and even purchasing an on-the-go coffee cup that will see you through your day.

Smoking
If the rise in prices for cigarettes, and the dangers of smoking, hasn’t already put you off, knowing that you could save a whopping £3,796 (if you smoke 20 a day) should be the driving mechanism for you to quit. MoneySupermarket.com has stated that non-smokers pay around £6,309 less for life insurance, which could be something worth investing in for the new year.

Lunch
Many of us find it easier to just buy lunch on the way to work or popping out on our lunch breaks so we can buy instant food. Evidently, you could make a huge saving by preparing your lunch at home whether this is making a quick sandwich or taking in a tin of microwavable soup to heat up. 

Thinking smarter for 2018 is a must, how will you be changing your ways to save money?

Sources: 

1 comment:

  1. Love this post. Its hard to remember some of these simple ideas as the year goes on

    ReplyDelete