Money saving tips are high on my agenda at the moment. We are about to undergo a huge house move (we’re hoping and praying it all goes through!).
The house we want to buy is huge and in an amazing location but it needs a lot of work. We can’t afford to do much to it straight away so will need to save up – a lot! I’m already implementing the ‘austerity measures’ as my husband calls them!! I’m hoping to share some of my money saving tips with you every week or so. I’m also planning some money MAKING tips so keep an eye out for them!! But in the meantime here’s what I’ve done this week to save money…
1. Set a household budget.
We have always had a rough budget for household expenditure. We have one account that all the bills and food shopping comes out of and separate accounts for our own spending so that we always have enough to pay the important stuff! Give yourself a budget, balancing your income and expenditure and stick to it. Going through your finances like this for the first time should highlight some extra direct debits you could cancel. We’ve just noticed that we are both paying for Netflix when of course we only need one subscription.
2. Record all your spending on a spreadsheet.
Every last penny. At the end of the month you can then see exactly how much you spend on food / petrol / takeaways and this will help you to adjust and stick to your household budget. It also helps me to keep accountable. If I know I’ll have to record that spending it might just put me off buying that extra yankee candle!
3. Repair and mend your clothes.
This week I have had my boots re-heeled which cost me £6 instead of over £100 for new boots. I also sewed up a hole in my daughter’s dress rather than throw it away as it was easily repairable and will still last her a few months yet until she grows out of it.
4. Downgrade your weekly food shop.
There is a lot to be said of the more budget supermarkets now. We have changed to doing our weekly shop in Aldi with a few top up items from Asda and we have easily saved £30 a week.
5. Go through your food cupboards.
We have so much food we forget we have in the back of our cupboards. This week we went through it all and made a menu plan for the week that would use a lot of it up. This meant our food shop was a lot cheaper this week.
6. Make a meal plan.
We regularly meal plan but I haven’t stuck to it so well lately and the cupboards and freezer are full of foods we haven’t actually used. Making a meal plan and sticking to it makes sure you are only buying the food that you need.
7. Start planning for Christmas now.
If you see something in the sale, pick it up. I bought my husband a shirt and tie set on sale for the bargain price of £5 and it will make a great christmas present.
8. Cut out the little things.
That Twix from the corner shop when you buy milk, the ice cream on the way home from the park, the drink you stop to buy in town are all unnecessary little expenditures that all add up. Make sure you take a snack and drink of water with you when you go out to help avoid temptation.
9. Use small, local businesses instead of bigger chains.
I had my boots repaired in Cardiff market for £6 and my watch battery changed for £5. It would have been so much more expensive in my local Timpsons.
10. Walk, don’t drive.
I love walking but it is often quicker and easier to drive. I’ve been trying to walk more and the benefits are four-fold – I save petrol money, I get some exercise and I generally feel in a better mood after going for a nice walk. I put the pushchair in parent facing and use the time to chat with the baby too.
So these are some little changes I have made this week to save us a bit of money. Do you have any tips to add?