Money saving tips: 5 random ways to cut your spending
With a new year approaching, here’s five random ways of how to save money over the next twelve months.
A few small changes here and there can help you save quite a bit over the long-term, think it the cuts as a Christmas 2014 savings scheme!
1. Buy unbranded medication
Don’t be fooled into thinking that there’s any difference between most branded medication and the cheaper supermarket own brands. Off the shelve drugs like paracetamol contain the same active ingredients and offer no real difference in pain relief. Of course, be sure to consult your doctor if any doubt.
2. Change your supermarket
Take a supermarket downshift and try out the likes of Aldi and Lidl for your groceries. They probably won’t have the brands that you’re used to, but what they do have will be a lot cheaper and by most accounts taste just as good, if not better.
3. Ditch your TV subscription for Netflix and Freeview
Ditch the cable subscription and sign up for Netflix. At only £5.99 a month, at least at the time of writing, Netflix is a hell of a lot cheaper than any cable or satellite subscription alternative – and there’s no contract.
With a Freeview box alongside, you’ll probably be able to access just as much content as you want to, but also on demand and without adverts.
You may even want to go one step further and get rid of your telly and Freeview completely. Stick with the likes of Netflix the other on demand apps on your computer, saving not only money on electricity but also the yearly license fee cost.
4. Avoid fines… and challenge unfair ones
Whether it’s for speeding or your bad parking, avoiding fines is a sure way to go to reduce your costs, especially in the cities where fines can now exceed £120. Make sure you’re up to date with the Highway Code when it comes to the rules of the road, as it does change from time to time and some parking restrictions can become rather complex.
If you do get parking fine, explore your options before paying up: There are several guides on appealing parking tickets from both councils and private companies, and the Pepipoo forums will allow you to get advice for free on your case.
5. Reduce heating bills
Save money this winter by cutting your heating bills: Avoid putting the heating on and instead add an extra layer of clothing if you feel chilly: it’s far cheaper! Draw curtains and keep windows fully locked to help reduce drafts and if you have a chimney be sure to keep it closed or block it. Finally, make use of radiator’s individual settings to avoid wasting energy on heating up unused and/or empty rooms if your housemates have gone home for the holidays.