Everyone knows that saving money is a great way to set yourself up for a more successful financial future. The less you spend, and the more you have hidden away in your bank account, the easier it will be to deal with emergency situations and sudden expenses when they crop up. At the same time, regular saving helps you to achieve your long-term goals, like putting a deposit on a house or saving for your pension.
While saving money isn’t always easy, there are plenty of ways that you can improve your spending habits without giving up on all the things you enjoy. Here are just some of the easiest ways to spend less and save more.
1. Use A Programmable Thermostat
You’d be surprised how much money you waste every day just because your house is spending too much time heating and cooling itself. When you’re at work, you can easily adjust a programmable thermostat to keep your bills lower depending on the time of the year.
That doesn’t necessarily mean that you have to be uncomfortable at home, but if you’re not around anyway, then you might as well keep your energy usage as low as possible. Turn down the thermostat as much as you can and watch your bank account thrive.
2. Use Vouchers with Care
Vouchers and coupons are a great way to save money on your everyday purchases. However, it’s important to make sure that you know how to properly use your coupons without going too far. For instance, you could use a coupon to buy a bulk pack of the kitchen towels you use every month. However, using a voucher to buy an item that you would never have considered purchasing otherwise isn’t a great way to save.
Collect coupons exclusively for the items that you use on a regular basis and think twice before you use them.
3. Look for Lower Rates
Many of us overspend on our monthly bills because we spend too money on the things we have to pay for every month. Just because you got a great deal when you first signed up with your energy company doesn’t necessarily mean that you’re still getting a good deal now. It’s worth going online and comparing your options with a website to see whether a different vendor could provide you with something more appealing.
Remember, you can compare and switch a number of things, including your insurance payments, and broadband providers too.
4. Is Sky The Limit?
Speaking of Sky, it might be time to ask yourself whether you’re really using your subscription. If you’re constantly paying for Sky TV every month, but you find yourself spending more time on Netflix when you get home from work, then you could be wasting money on something that you don’t really need. Streaming entertainment instead of buying it from the likes of Sky can be a lot cheaper, and many streaming services now come with a huge amount of choice. Check out your options online and select the membership that’s most appealing to you. There are even specific streaming services out there for genres like horror and drama.
5. Plan Dinners Ahead of Time
Another major reason why many of us end up over-spending is that we forget to create a list of items that we need when we go grocery shopping. While it’s tempting to simply go shopping when you’re hungry and throw anything you feel like into the cart, that can lead to some serious overspending. Make sure that you sit in your kitchen and write a list of all the items you might need for meals throughout the week, then stick to it when you go shopping. Otherwise, you could miss key ingredients for a dish, and end up ordering food instead.
6. Forget the Gym Membership
Finally, although there’s nothing wrong with having a commitment to fitness, it’s important to think carefully about how often you genuinely go to the gym, and whether you’re getting your money’s worth. If you only go to the gym sporadically, you can probably get the same exercise by working out at home or going for a jog in your local area.
Giving up your gym membership doesn’t have to mean giving up on opportunities to socialise either. There are plenty of ways that you can still connect with people by joining yoga or fitness groups for instance. Check out what’s available in your local area and change up your exercise strategy.