It’s sometimes a good idea to spend more money and invest in various things in life. However, there are also many easy ways to save money, that have nothing at all to do with living a frugal lifestyle. It’s easily possible to live a luxe life whilst also being savvy and saving money along the way.
8 methods to try in order to easily save money
1: Cancel expensive TV packages
Watch as many Youtube videos as you do TV shows? Prefer Netflix or always watch channels that come with basic TV packages? If you pay for an expensive TV package to have a large number of channels, ask yourself if you really need it.
2: Get a cheaper phone contract
Every time an upgrade for your phone contract becomes available, do you always take it? You may find that you’re spending way more money than you need to by doing this.
It can feel like you always need to keep up with the very latest technology, but the truth is you really don’t need to. Try holding onto your handset for a little longer and take out a cheap sim-only deal. Doing this can save you a pretty packet every month.
3: Buy fewer drinks and snacks on the go
When you go out anywhere, take some drinks and snacks with you. Some places can charge pretty high prices just for a couple of packets of crisps and bottled drinks, so it makes sense to take your own when you’re out and about for a few hours. Taking your favourite healthy snacks and a bottle of water is a great way to stop purchasing junk food and unhealthy drinks.
Reusable bottles such as Sistema bottles mean you can take a healthy drink with you wherever you go and help the environment at the same time.
4: Read cheaper and even free books
Love to read? If you own a Kindle, you can find so many cheap e-books to read, not to mention an array of free e-books available. This is a great way to discover new authors to follow.
5: Choose supermarket own brand products
There are many supermarket own brand products that are just as good, or even better, than their branded counterparts. It’s all about trying things and seeing what you prefer. A great deal of money can be saved over the years by buying cheaper versions of branded goods that are just as good.
6: Switch/don’t just pay renewal price
There is so much money to be saved in switching to a cheaper deal or even different supplier when it comes to insurance and utilities. When it’s time to renew, use comparison sites to view prices offered by other companies. Try phoning the company you use and ask if they’ll reduce the renewal quote – very often, just asking the question means they drop the price.
7: Use a cashback site
Using a cashback site is one of the easiest ways to save money when you’re buying things online. There are several cashback sites, but the one I always use is Topcashback. Once you’ve set up an account with them, if the website you want to order from has cashback available, you just click through to them via Topcashback and you earn money. There are plenty of options for receiving your cashback money, from a BACS transfer to Love2Shop vouchers.
8: Overpay your mortgage
This is a great option to look into, particularly as savings interest rates are currently so low. Although of course make sure you read the terms and conditions for your mortgage, as fixed rate mortgages may well have a limit on how much you can overpay without being charged. Making overpayments can really help to reduce the length of your mortgage and reduce the interest you have to pay.
These are 8 ways you can save some money without having the live frugally – give them a go today.