Saving money is easier than you think.
1. Watch TV for free – legally!
The BBC licence fee terms stipulate that you must pay the licence fee if you watch or record the television as it is broadcast. This means you don’t need a TV licence for watching on-demand TV over the net. Buy a cable to connect your laptop to your TV, and that’s a lot of free, good-quality viewing with no spend. And if you do happen to have a licence, make sure you claim one quarter back for the three summer months you’re probably not in your house.
2. Cook from scratch and buy in bulk
Cooking from scratch is far cheaper – and more fun! – than simply buying ready-meals off the supermarket shelf. It’s a lot more effort and involves a little trial-and-error, but it’s much more rewarding, both for your wallet and for your health. Buying in bulk is a no-brainer; staple, non-perishable foods like pasta are great to buy, especially as a household or a flat, as it works out so much cheaper and lasts a long while. Work out whether it may be better to visit somewhere like
3. Save money on food, television programmes like these really give you ideas of how to save money on shopping and how to cook for a family on a budget
4. If you have bad credit deal with this. The first thing you should do is visit https://www.creditexpert.co.uk/ Let’s look where you are in terms of credit then let’s work to get that up to Good/or excellent. This really does make a difference if you want to borrow money.
If there are any payments that are showing as late and you think this is incorrect contact the Company and get it rectified, this will improve your credit score.
5. If you have Visa cards let’s get them transferred to a 0 per cent visa, cutting the interest you are paying is the first step to dealing with your finances. Check out the best rates here.
6. What’s your income? Are you employed or self-employed? Is tax deducted from your salary or are you setting aside money every month to pay your tax bill.
Do you know how to calculate your tax due if you are self-employed?
You can earn £11000 before you have to pay tax, calculate your income less your expenses the amount above £11000 is taxed at 20 per cent, aim to save the tax over a 12 month period. If you are self-employed are you saving money for your tax? Check out the government website.
7. Now you know your net income let’s work out your expenditure.
8. Are you paying too much for your gas & electricity,Make sure you are on the right tariff.
9 Are you paying too much for your car insurance.
Check on money supermarket.
10 check if there is a voucher available before you buy any all savings add up.
Now you have made savings how are you going to save these and what’s your plans?
Watch out for my 10 tips to making more use of your savings.