If you are serious about saving money, then perhaps these easy money saving options will help you reach that goal. You would be surprised at how beneficial these options can be, as they can help push you to make the right decisions and save you a great deal of money.
Unless you somehow manage to win millions of pounds on the lottery, then you might want to consider the following:
Owning a gym membership can be a huge money waster, especially if you never step foot inside of a gym. The average cost for a gym membership is £40 a month, which is a whopping £480 a year.
Instead of wasting valuable money, consider working out for free. You can buy a pair of weights and a workout mat from Amazon or eBay, and simply do your workout in the comfort of your home. There are plenty of apps that you can download that give you free workout and training exercises.
Studies found that one family can order takeaways up to 5 times a month, with each family member spending well over £400 a year on kebabs, curries and pizza’s.
Now, we are not saying to cut takeaways out of your life completely. It is always good to order in on a Friday night with your mates, but perhaps swapping your takeaways during the week for a homecooked meal can save you a great deal of money.
Bin the Booze
Macmillan Cancer Support found out from a poll conducted by One Poll, that the average Brit spends £787 a year on alcohol. Their research found out that men over the age of 18 spend an average of £934.44 on alcohol each year, with women spending £678.60.
Just think how much you can save if you cut down on the amount of booze you buy, or even better, if you cut it out of your life completely. Not only will you be saving hundreds of pounds per year, you will also be keeping your health in good check!
Ditch the Shops
Whether its paying for your morning coffee before work or buying a yummy lunch from M&S, we would suggest that you have a coffee and prepare your lunch at home.
The average cost for a coffee in the UK is between £2-£4. Do you know how much it costs for you to make a coffee at home? Nothing! Simply buying instant coffee from your local supermarket – that will last you for a good few weeks – will save you a good bit of money.
Also, preparing a lunch at home and taking it into work with you will also be a great way for saving money. Research had shown that a worker will spend an average of £5 on their lunch per day, which totals to £1,300 per year. By bringing your lunch into work with you, that £1,300 will decrease greatly!
Budget your Spending
It doesn’t matter how many articles or blog posts you read that give tips on saving money, every one of them will talk about creating a budget – because it works!
To create a budget, simply write down what you are bringing in i.e. your income. Then list your monthly bills and expenses. By doing this, you can identify what is going out and how much you have left over to save.