It’s at this time of year, after the Festive Period that we look to cut back on expenses. If you are looking for some ideas on how to do this, a good place to start is by checking your bank account and your monthly expenses.
1. You might have subscriptions such as Amazon, Netflix or SKY TV which you can stop. If you have a Sky package and would like to reduce the price by calling them and saying you are considering cancelling your subscription they will often offer you a better price.
2. Compare your house insurance and car price, to make sure you are getting the best deal.
3. Make sure you have the best mobile deal.
4. Check that you have the best deal on your energy by checking out Ofgem accredited price comparison sites: Energy Helpline. Energylinx, The Energy Shop, Money Supermarket, My Utility Genius, Runpath, Simply Switch. Switch Gas and Electric.
5. Reduce the amount of energy escaping from your home by adding rugs to hard floors, drawing the curtains at dusk, adding enough roof insulation, it’s recommended that you have a thickness of between 250 to 270 mm of glass or mineral wool insulation. If you have loft insulation but it’s not enough then just add the extra depth you need.
6. Making sure that your freezer is full helps save running costs, turn off standby button on your devices, make sure your fridge isn’t turned up too high, the correct temperature is 4 degrees.
7. Look at your daily and weekly habits, is there anything you can save on such as getting a coffee from a coffee shop each morning, taking lunch to work (there are so many lunch recipes online where you can enjoy delicious recipes out of a big jam jar). Set yourself a monthly budget for entertainment and stick to it.
8. If you have a credit card look at ways in which you can save money by switching to credit cards that offer free transfers and a lower rate of interest.
9. If you drive to work each day consider taking public transport or doing a car share to save on petrol.
10. If you are looking to buy a new home then you could consider buying a property which comes with solar panels, giving you immediate savings on your energy bills.
Check out this house which comes with solar panels...