Rising cost of living – how to save money

With prices going up due to a number of factors in UK, it is getting harder to make ends meets with regarding to the household monthly budget.

Saving money

Here are a few ways that you can save money and make your money go further.

1. Shop for groceries at cheaper supermarkets

This is an easy way you can save money, by shopping at a cheaper supermarket.

If you have a supermarket such as Aldi or Lidl then see how much money you can save by shopping there by checking out the prices. Aldi and Lidl do really great fresh fruits and vegetables.

2. Buy supermarket own brands

You will be surprised by how much money you can save by buying the supermarket own brands. Supermarket own brands are lot of the times made by the same companies that you usually buy but labelled with the supermarket’s brand instead.

Here are some examples:

Heinz Baked Beans (£1.20)
Tesco’s own brand0.45p
Sainsbury’s own brand0.50p

Heinz baked beans cost £1.20 a can but Aldi sell it at 0.37p a can, saving you 0.83p. That is a lot of savings.

3. Take a pack lunch to work

If you buy lunch at work, take a pack lunch instead. It will save you lots of money every month and you know exactly what you are eating and how fresh it is.

4. Don’t buy the coffee/tea to and from work

If you spend £5 a day buying coffee / tea to and from work, that adds up to £100 a month or £1200 a year.

If you need a coffee / tea while travelling to work, make it at home and take it with you or just wait till you get to work and make it. It’s only a habit, you can wait till you get to work or home. Or try to reduce it by having it once a day only or once every few days. It will still save you money.

5. Buy clothes at cheaper places

When you are buying clothes, see if you can buy it at cheaper places or stores.

Sometimes, you can get in a habit of shopping at the same retail outlets or places but you can probably get it cheaper elsewhere.

6. Give up the gym membership

Do you go to the gym regularly? That’s how gyms make their money by people paying monthly for memberships but not turning up for training and not cancelling their memberships.

If you do go regularly, fair enough but if you don’t then give up your membership for a while.

7. Give up the Amazon Prime, Now TV and Netflix

Can you do without Amazon Prime, Now TV or Netflix? If so, why not just get Freeview and watch you TV there. How much TV do you watch?

If you don’t watch a lot of TV then giving up your membership to Amazon Prime, Now TV and Netflix will save you a lot of money.

Additional Information

If you are looking for a home insurance, read our article: Home Insurance – Compare Cheap Quotes.

Get the cheapest Unlimited Mobile Data Plan, here: Best Unlimited Data Plan – Cheap Unlimited SIM Only.

Money Advice Service
For debt management and advice on how to pay for bills go here: Money Advice Service info page.

If you are interested, check out: Best Bank Accounts for Bad Credit.

If you are interested in a loan, check out: Loan.co.uk.