How to Cut Living Costs
In the current financial climate it is even more critical than ever to be able to live within your means, and to save money wherever you can in your everyday life. There are several ways you can reduce your everyday living costs: remember that all aspects of everyday living costs can be reduced. But to do so, you are going to have to change your thinking patterns, especially if you are the kind of person who thinks that £2 don’t count. Is the coffee (or cappuccino) you buy on your way to work every morning really necessary? If your answer is yes, then you should invest your money in a quality coffee maker and learn how to make coffee at home. So doing, you would save around £ 40 a month (£ 480 a year!).
Cancel milk and paper deliveries
People spend an extra 50% a week on having milk and newspapers delivered to their homes. Instead of getting a newspaper delivered, have a walk each day to the local newsagents and purchase one, or, better still, walk to a local library or cafe and read it for free. Also buy your milk with your shopping, to save extra money.
Similarly, if you regularly buy magazines, consider cutting them down. A £ 2 magazine purchased every week will add up to over £ 100 a year, and several will increase your costs significantly.
Switch gas and electricity suppliers
You can save lots of money by switching your gas and electricity providers. If you have used the same provider for several years, chances are you’re paying over £ 400 a year more than you would by switching to the cheapest. Use an online quote checker or call different companies to see if you could save money.
Buy cheaper groceries
Most supermarkets have an area where, at a certain time each day, or on certain days, they place reduced price goods for sale. Typical produce includes fresh fruit and vegetables, fresh meat and baked goods and prices could be slashed to a tenth of the original. And don’t worry about quality: just because these products are cheaper doesn’t mean they are inedible
Another method is to buy cheaper multi-packs of the items you use a lot, such as potatoes, minced beef, or even toilet tissues. By buying in bulk you will spread the cost and you could alternative the purchasing of items that are costly to save spending lots all at once.
Bulk out meals using lentils and beans which are very cost-effective but without compromising on taste.
Check your mobile phone contract
Check that your contract is the cheapest for your requirements. For example, if you have 10,000 minutes to a particular network, but know hardly anyone using that network, then it is a waste of money, or if you get 3,000 free texts a month but don’t like to text, consider changing your contract to one that suits your needs better. By doing so, you might save up to £ 200 a year.