5 Easy Ways To Save Money

We could all do with saving a bit extra money – as I always say, saving money on purchases and bills means more money in your pocket to spend however you see fit. Here are 5 easy ways to save money.

Pay with cash

Withdrawing your budgeted amount of cash per week or month can help to stop you overspending. There is something about seeing the cash in your purse or wallet and handing it over that makes you think twice before making a purchase, even more so if you know that is your complete budget for that week or month. Dealing in cash helps us to save massively on our groceries every month and we try to aim to have at least one note, even if it is £5, left over at the end of the month.

Use discount codes

Using online vouchers and discount codes is a really easy way to save money. Simply visit a site for example VouchaCodes to either search for your favourite merchants or scroll through to see the great deals. You can make big savings at your favourite retailers including Disney, Argos and many more.

Make use of loyalty programs

There are a vast number of retailers who offer loyalty programs, from Tesco to KFC! Every time that you spend your hard earned money with them, they will reward you with points to convert to vouchers, stamps towards a freebie or even money off your shopping. If you are sick of carrying loyalty cards around with you then you will be pleased to know that many retailers now offer their loyalty program on smart phones.

Set a budget

You know how much you get paid every month, and you know roughly what your bills cost every month, but have you sat down to complete a budget? A budget doesn’t necessarily mean cutting back on your spending – you just want to make sure that you have enough money coming in to cover your spending. If you don’t then you either need to increase your income or look at reducing your spending.

Meal plan

Meal planning is a simple way to save big on your grocery shopping. By taking a few minutes to plan your meals for the upcoming week you can save money by not buying ingredients that you don’t need, or ingredients that will just go to waste. If you are really organised then you can go through your cupboards, freezer and fridge before meal planning to use up items you already have – which is great the week before pay day!

What is your number one tip when it comes to saving money?