As we continue to battle the cost of living crisis, it can feel near impossible to stay on track with your finances. For example, a reported 7.4 million UK adults are currently struggling to pay their bills, with many landing themselves in considerable debt.
However, it is important to remember that not all hope is lost. There are a few different ways in which you can save money on everyday expenses, so that you can start to rebuild your financial health and savings account!
Photo by Josh Appel on Unsplash
Visit Local Charity Shops To Revamp Your Wardrobe.
When you are short on cash, it's easy to feel as though you have to go without some necessities. This could mean that you’re wearing clothes that no longer fit!
However, you don’t need to drain your bank balance to upgrade your wardrobe. Instead, pay a visit to local charity shops - you’d be surprised about the wonderful clothes that are hidden on the racks.
Charity shops often sell homeware, too, which is great news if you are looking to
decorate your home.
Find Those Freebies.
In the digital age, where you can gain easy access to apps that provide you with both coupons and free samples, there’s no reason why you should pay full price for…anything! While it can take time to search the internet for these codes, they can help you save money on everything from skincare to groceries.
Don’t Allow Yourself To Go Over Budget.
Many people fall into the trap of believing they should only budget when they are saving up for something (i.e., a housing deposit or holiday). However, the reality is, that you need to be budgeting on a daily basis. This will help you to take control of your finances and build a rainy day fund you can rely on.
If you are not sure where to start with budgeting, there are many free budgeting tools and templates you can follow!
Wave Goodbye To Your Utility Provider.
Utility bills are likely one of (if not the) biggest expense you face each month. While you cannot go without utilities, there are certain steps you can take to lower the amount you spend on them. For example, you should ensure that you’re getting a fair deal by checking out how your provider fares against others on a price comparison website.
If you find a better price elsewhere, then initiate the process of switching your provider. In some cases, your current provider may come back with an even BETTER deal in order to retain your custom.
Think About Where You Spend Your Money.
Big supermarkets tend to inflate their prices. This could mean that you are paying a premium on everything from toiletries to fruit and veg. As such, you should try to avoid these stores in favor of smaller, local businesses such as fruit and vegetable markets. Not only will this slash those bills, but it also means you can show your support to a local business who may also be struggling to stay afloat.
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