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share your tips you total tips.
It's worked, though - as soon as my next paycheque comes in I'll have paid off my student overdraft, before I was due to get charged. Although it does mean I've effectively saved a couple of grand over the past month that I'll not see because I'd already spent it...
you'll save a fortune
enough to be a decent saving, not enough to really feel it. the only way i can manage to save any money at all.
means I can't get my grubby hands on it or spend it when out drunk.
Set up a standing order for your rent and bills too, again going out just after you get paid.
Plan your meals on a weekly basis, buying the raw ingredients rather than pre-prepared food where possible. Cook enough food for four people and then freeze half for the occasions when you don’t have time to cook from scratch.
Take a packed lunch to work.
If there’s just two of you in the flat, ask to be water-metered.
Walk or cycle to work as an alternative to using the tube and joining a gym.
Why are we so boring, marckee?
I have enough moolah to keep me in crisps and pop.
If sitting at home, watching X-Factor because you can’t afford to buy a round of drinks, is exciting, then I’m happy to be boring.
Let's go get wasted.
Put a set amount away when your pay comes in. Into an account that isn't easy to take it back out of. If you have a bit left over when the next paydate is due, put that in too.
That's in the long-term of course; I'm rubbish at saving lots in the short-term.
just be more PRUDENT about how much you need. Having ca$h mon££z in your pocket means it gets spent.
I haven't done this for a while, but I used to find getting out the physical amount of money I wanted to spend that week was a much better way of keeping things in check. Using a card has the disadvantage of not feeling real - seeing my cash dwindle in front of me was a good way of focusing the mind that that Bon Jovi baseball cap was not a necessary purchase that week
If going out for refreshmentz: withdraw set amount of cash. go home when spent. do not pass cashpoint. do not collect £20.
If doing non-refreshmentz related spends: cash in pocket = an incentive to buy odd little bits and bobs you'd manage without if you weren't carrying cash.
I didn't say use your card INSTEAD of getting money out, just don't do that thing of going 'hurm, I'll get twenty out' because you end up spending it all on fizzy pop and prostitutes by accident.
Now get out of my face and go and start a terrible thread.
I just ASSUMED whatever point you were no doubt flailing about with up there was incorrect
have friends round for a drink rather than go to the pub.
Also standing order as mentioned above.
Can you take the bus instead of the tube?
Be stringent with yourself - if you have a regular wage, put away 40% of it and don't allow yourself to touch it.
Also food can be quite a big expense.
The first thing you should always do when you're trying to save money is do a proper, honest audit of your expenditure. Sure it's boring, but totally worth it.
I would have nothing left after rent, bills and food.
using a card doesn't seem like I'm actually spending money. Handing over hard cash DOES. Makes me stop buying stuff. Easy.
Now the mortgage has come down I put that saving away as well.
Wow, I'm rolling in it. Want some cash?
eat said bricks
instead of scanning expensive food, like steak, just weigh it as carrots.
I have a friend who does this, the thieving git.
Also I would suggest things like cooking more dinner, and taking some for lunch the next day rather than buying lunch. Taking a flask of coffee or keeping instant coffee in your desk rather than buying from a shop. Also, if you can, just withdraw however much cash you'll need for the week, and then try not to pay for things on your card / take any more out. Putting money each month into a savings account you don't touch is a great idea. Also, if you stop eating so much meat, you can save a lot of money on your food bill.
that came out wrong...
are two of the easiest and most things to trim spending on without 'going without' in a big way. Packed lunches and drinking an approximation of gov recommended levels will probably save a worthwhile wedge of cash for most people.
(This is assuming you're not operating on some kind of BBC Three TV debt programme level of numptyness.)
is so true. I'm terrible for buying all kinds of crap when I'm hungry.
That kind of thing?
Agree with most of what's been written about cards, although if you're disciplined enough otherwise, then you can get small amounts back by getting a cashback credit card, paying with that wherever possible and paying off the balance each month. It's only small amounts, but it adds up.
Sell stuff you don't need anymore.
Steal from supermarket bins.
Go into takeaways really late at night and ask for free stuff.
Where possible, use replacement bus services - they never check for tickets.
Go to graduate recruitment events with free sandwiches.
When sending stuff in the post, open jiffy bags very carefully and re-use the postage as return to sender.
Start buying Pick Me Up instead of a more expensive weekly.
Buy stuff according to how much it costs per weight (amazing how many people aren't doing this!)
Drink in Wetherspoons only.
Do all your washing and showering in the middle of the night.
cheaper than 'spoons.
oh I'm Scottish
But having been to one in London, I KNOW you are right.
so some houses have Economy 7 and stuff.
I think my house in Manchester does (I don't use it).
Something like £10. This was going back a few years so maybe it would be trickier now, but I had as a rolling daily budget so if I was prudent during the week (packed lunches, no drinking or going out) by the weekend I would have £50 to have a good time with.
It worked out because I had more than £310 cash after bills in the month so I could put the rest in savings and be ready for extra expenses.
The way it works currently is that at the start of the month
- standing order into the joint account for about half my wages
- some money into the savings ISA
- some money into my savings account
- check how much I had left just before my wages went in and transfer all of that to savings.
i find that packed lunches don't actually save you that much money. the effort isn't worth it.
I generally do 2 rounds of sandwiches and a couple of pieces of fruit a day for about £1.50. That's the equivalent of having to buy 2 meal deals a day, which quickly adds up.
Each to their own though.
Learn to make the most of leftovers - if I make a roast dinner for example, I'll use whatever's left for sandwiches the next day, curries, soups, stock etc. Leftover Chinese/Indian can be made into all sorts of next-day goodness too if you put your mind to it (Just be careful with rice once it's cooked). If you're not sure what to do just search something like, 'leftover chicken recipes' or somesuch, plenty of help out there.
Remember that Every Little Helps.
For example, I used to spend £1.20 a day on a couple of fizzy pops. Sounds and feels like small beans, but swap that for supermarket 12 packs to take with you and it's the best part of a fiver a week. Find a couple of other ways to save like that and it's Friday drinks or a proper takeaway every week covered for basically no effort.
I got told to, did, and just got a tax refund that kicked ten tons of shit out of my overdraft.