Even if you’re not in debt, looking after your pennies really does help you to build up the pounds in your bank balance.  Money-saving tips may seem boring, but making use of them can result in you having the cash you need to make your life much more interesting.  What’s more, some of them can help the environment too.  Here are some money-saving tips you can implement.

Keep your receipts

Some people say that you should carry cash because it reminds you that you are spending money, whereas using a card does not necessarily have the same psychological impact.  This may be fine for some people but, leaving aside the security issues, the fact of the matter is that using cash is slow, especially if you need change.  For practical purposes, therefore, it arguably makes more sense to keep receipts and check them so you see exactly where your money is going.  If you don’t want to store paper, just take a photo of them and if you don’t get a receipt, again, just take a photo of what you buy or make a not of it if it is not a physical item.

Be sensible about special offers

If you will genuinely use a product or service (within its useful life) and a special offer will genuinely save you money on it, then, by all means, take advantage of it.  A lot of special offers, however, are just marketing ploys designed to persuade you to buy items you would otherwise have left on the shelf – and probably never missed.

Understand the basics of brands

Here’s what you need to understand about brands.  There can be genuine differentiators between them, such as the quality of the ingredients or materials used and the standard of the skills involved to create the item or deliver the service.  You can generally identify this by reading the label/description or simply by examining it.  This is one area where shopping in the real world can have a major advantage over shopping online, even though many retailers will allow for returns.  In many cases, however, branding really is a case of marketing over matter and this is likely to be particularly true in sectors such as consumer electronics.

Make the most of meal planning

You can plan every meal for a certain time period and for some people this works very well.  If, however, you like to decide what you’re going to eat when you’re on the point of eating it, you can still save yourself money by planning ahead, only this time your planning will take the form of always making sure you have the basic ingredients necessary to put together a healthy meal without resorting to expensive convenience foods, which are often of questionable nutritional value and tend to come in plastic packaging, which may or may not be recyclable.  (Even if it is marked as suitable for recycling, it may not actually be recycled where you live.)  For bonus money-saving (and taste) points, grow your own herbs too and maybe some other ingredients depending on your space and skills.

If you’d like help and advice on how to get out of debt please contact us.

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