5 Ideas To Save On Your Monthly Expenses | Pip Milburn

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When you’re trying to save money, the first thing you’ll want to do is look at where you can reduce your current expenses. If it’s been a while since you’ve taken a look at your budget, the chances are that you might be missing out on some opportunities to save.

Green Energy

Generally speaking, green energy providers offer more attractive packages than traditional providers. According to Money Supermarket, consumers can stand to save around £248 a year by making the switch. Before you continue along the same road with your current provider, it’s well worth taking a look at the greener options that are available in your area. What’s more, the savings don’t have to stop there, kitting your home out with energy-saving appliances and LED light bulbs will reduce your utility costs even further.

Smart thermostats

Keeping on the green-theme, smart thermostats are another way that you can keep your energy bills down. These new systems mean that you can program your thermostat wirelessly, whether you are at home or not. The technology ensures the ideal temperature; allows you to control temperature by room; and makes certain that your heating is only turned on exactly when you need it. To ensure that you are not losing heat, see that the insulation in your walls and loft is updated, especially if you live in an older property.

Budgeting Apps

One of the Best Money saving tips is to up your budgeting game! Unfortunately, not all of us are so great at sticking to the budget. Never fear, because there’s an app (or two) for that. Mint is one of the most popular budgeting apps for managing your money and making savings. It works by linking to all of your accounts, credit cards, investments, and loans to create a full picture of your finances. Mint tracks everything and provides you with different budgets based on set categories i.e., rent, car insurance, etc. You can even use the app to take a look at your credit score. You Need A Budget is another great budgeting app that gives ‘every dollar a job’ to help you to improve your finances.

Buy Used

One real simple way that you can save on your monthly expenses is to start buying used items as opposed to always going for brand new. From clothes to homeware, books, or decorative items, you’ll soon notice the difference when you opt for second-hand. Of course, shopping in second-hand stores is also a wise sustainable choice, which allows you to work towards a zero-waste lifestyle.

Grow your own

One of the biggest household expenses is, of course, food! To save yourself some cash, why not try and grow your own vegetables? Start off by composting your food waste so that you can create the perfect fertilizer for your garden. Next, you’ll want to do some research before you dive on in, growing certain vegetables depends upon the season and you’ll want to get off to the best start! Besides this, pre-planning your meals can help you to save money on groceries plus create less waste and avoid impulse purchases.

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