There are so many things you can do to cut your household budget every week and each and every one of them will help you trim your cloth and finish each week with a little more money in your pocket.
Of course instalment loans are a viable option if you have a sudden expense, but if you make these simple savings then you might have enough money saved up for that rainy day anyway.
Here are a few tips that can put you on the right path:
1. Make a budget
A simple budget will show you the money you have coming in and clearly show the bills that are set in stone. Simply knowing how much money you have to spend on groceries and luxuries will help you avoid unexpected charges that can wipe out your spare money at a stroke.
2. Pack your lunch at home
It’s such a simple thing, but making sandwiches at home rather than buying pre-packed options from a local deli can save you several pounds a day. That stacks up fast and you can save hundreds a year with this one simple tactic.
3. Leave the car at home
If you have a bicycle you can save yourself a few pounds every single day and once again that racks up quickly. As well as helping you get physically fitter, which is no bad thing, using a bicycle will save you serious money.
4. Check your bills carefully
Compare and contrast all your bills with the competition. Gocompare.com and other sites can help you make a careful decision on your utilities, mobile and internet service providers. Look out for introductory offers that can slash your bills for the first year too. A little number crunching can save you a fortune.
5. Buy used
Everything from a car to a TV to clothes can be had much cheaper if you’re prepared to buy used. eBay is a great source of reconditioned and second-hand gear that is just as good, if not better, than you can buy from the shops for less money.
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk