Are you looking to reduce or slash your spending? For me I review our bills every 6 months to see how things are going and if I need to look at ways of cutting down on items. This can be a simple process from having a chat to our broadband provider and seeing if we are on the best rate or simply making some life changes to cut down on what we are spending on non essential items that may have started to creep up.
Whatever reason you decide you need to slash your spending now, these 10 proven ways have helped me and I’m sure they will help you too. Let me know what you think of them in the comments section below.
1. Telephone, mobile phone & internet
You can often get a great package deal on these. First step is to find out what you are paying and what contract you are on. Phone your company up and explain you are looking to reduce your bill so what is the best deal they can give you. It may even be better buying a mobile phone and paying a reduced tariff. Do your homework and out the details out and compare all the different options. For us it was a matter of phoning up our providers and asking for a better deal which we did get. Our internet was reduced by 25% which was a great saving all from the cost of a phone call.There are
2. Electricity & Gas suppliers
There are so many different tariffs which can be confusing. Look at your bill and see what you are on. Then head to some of the price comparison websites and see what options you have available. Then go back and phone your supplier and ask them to either match what you have found or give you a better deal. We did this and received a 15% discount from our electricity supplier for signing up to another 12 months with them.
3. TV Packages
No matter who you have for your on demand services. Give them a call and see what offer they can give you. Be prepared to cancel your subscription if they don’t budge. I received 75% off my satellite package after going through the cancellation process. They initially only offered me 25% over the phone. I declined. After 3 weeks of waiting for my package to cancel they offered me 75% off! It really was worth sticking to my plan to get the best deal I could.
4. Food & Toiletries
If you haven’t switched to own brand products then give them a go now. I would also recommend meal planning. It saves time and money in the long run. It also gives you a chance to use up your store cupboard ingredients meaning you don’t waste money on products you don’t need. Toiletries are another expense each month. Head to the likes of the Pound Shops where you can get branded products cheaper. I would also highly recommend other bargain stores such as B&M. I’ve often found items such as toothpaste even cheaper than the Pound Shops!
Do you have a car? Do you use public transport? I recommend you sit down and work out the best option for you. We have one car in our household as it was cheaper for me to use public transport to get to and from work rather than another car. I also buy a monthly link card that allows me to use the trains and buses as many times that month for a set price. It also means I can use it to nip in to town at the weekend too! Check your transport needs and adjust them to make savings.
6. Meals at Work
I have written about my lunches over on this 3 Frugal Things I’m Doing Post. I have discussed how I sometimes go to the supermarket to get the reduced vegetables and then make soup that evening. The soup does me for lunch that week. Often one pot would do me 3 days in a row. This cost of this could be as low as 30p for a packet of soup vegetables that has been reduced. I highly recommend visiting your supermarket in the evening when they have reduced produce. You are sure to get some great bargains.
It often annoys me when the yearly insurance bills come up and they have gone up again. What annoys me even more is that a lot of people accept that as the price. I don’t know how many times I have phoned my insurance company after comparing prices on all the comparison websites out there, only to be offered a lower price! Why they can’t give me the reduced price in the first place is beyond me. Maybe they are relying on people not comparing prices! I highly recommend you compare your insurance prices to ensure you get the lowest price. I do it all the time and it keeps our costs down.
8. Clothing & Shoes
We have two teenagers so I totally understand the cost of items. Especially when they want branded clothes and footwear. I highly recommend you shop in the sales and buy items that will last all year. I start planning for Christmas as soon as the summer sales start. This often reduced the costs of designer gear for our two boys. I also give them a budget so they can purchase shoes in the January sales too. A few days after Christmas isn’t long to wait for 50% off a pair of trainers!
9. Magazines, Coffee & Other non-essential items
I get you. You love your shop bought coffee. Keep a track of what you are spending on the likes of magazines, newspapers or coffee. See if you can cut down. You could even swap coffee shop items a few times a week. Magazines you could change to a cheaper alternative or see if you can get it online for free. I stopped buying coffee and instead buy a tin of a brand I really like. I do still buy the odd magazine but I go for the cheaper one. This has saved me a small amount but it all adds up.
10. Prescription charges
If you are not lucky enough to live in Northern Ireland or Scotland where you get free prescriptions, then you may save money by getting a Pre-Payment Prescription Certificate from the NHS. You can get a 3 month or a 12 month. So if you buy 4 or more prescriptions in 3 months or 14 or more in 12 months it may be cheaper for you as the PPC costs £29.10 for 3 months or £104 for 12 months. Check out the Government website for more information to see if you could save money.
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