Whether you’re saving up for a specific goal this year or simply want to increase the balance of your savings account, there are plenty of things that you can do to save money on a regular basis along with making savings each time you spend. Although most monthly bills and expenses might not be negotiable, there are several ways to cut the amount of money you spend on almost anything.
Get Cashback
Whatever you need to buy, it’s definitely worth checking out any cashback deals that might be available. You can find many different cashback sites that will reward you with money back for general shopping, switching utility company, signing up for a new broadband contract or getting new insurance for your home or car.
Check Discounts
Before buying anything online, visit this site to view a huge assortment of online discounts and see if there is any way that you can save money. Often, shopping around or using another online business that you can access a voucher code or online coupon for can make a huge amount of difference when it comes to how much you spend.
Sign Up for Loyalty Schemes
If there is a certain business that you shop at a lot of the time, checking if there is a loyalty scheme that you can sign up for can be a great way to save money on your regular purchases over time. Many loyalty schemes will entitle to you get something for free after making so many purchases or encouraging a friend or relative to be a customer, while others allow you to earn points that can be redeemed in-store. The more you spend, the more you’ll earn.
Consolidate Your Debts
Being in debt can prevent you from saving money, and it’s difficult to get through life these days without borrowing money somewhere. However, if you are paying off several different smaller debts like credit cards and personal loans, consolidating them by taking out one loan or credit card that is enough to cover and pay them all off can not only make things cheaper for you, but also easier to manage.
Try Micro-Saving
If your ultimate goal is to save more money in 2021 but you are struggling to put money aside, micro-saving is a method of saving that might make things easier for you. Instead of putting a chunk of your income into a savings account each month, micro-saving works by taking smaller, regular amounts like a few dollars per day instead. Since you’re saving in smaller amounts, it feels like you are saving less, but it adds up over time.
Go Over Your Bills
Most of us believe that the amount that we pay for our bills and regular household expenses isn’t negotiable – but this isn’t always the case. In fact, you can save a significant amount of money by setting aside time to go over your bill payments on an annual basis to see if there is anywhere you could be making savings. From bills that you don’t actually need to pay anymore, to expenses that could be reduced by switching to a different provider, you might be surprised.
Drive Less
Finally, driving less and walking more is a great way to save money and improve your health in the process. Driving lots of short journeys will soon add up when it comes to the cost of gas and with a higher mileage per year, your insurance premiums are also likely to go up. Walking more is great for your health, kinder to the planet, and can help you save money on your car maintenance.
Saving money this year doesn’t have to be difficult – there are several small changes you can make to spend less and save more.
