This year I’m on a mission to save money, which I kickstarted with my January Money Saving Challenge. While sorting out my finances is important, I’m also a busy working Mum. So recently I’ve been thinking about easy ways to save money, which don’t take much time or effort!
So here are some easy ways to save money with minimal effort!
Save Your Loose Change
It’s super simple and old school, but dig out that piggy bank and put it to good use! This month I’ve been emptying my pockets and purse of loose change and sticking some or all of it in my money box. Now obviously if you have £30 of change in your pocket and can’t afford to put all that in savings…don’t. But, I’ve been putting anything from the odd penny to a few pounds in and I really haven’t missed it. It soon adds up and I already have about £25 saved that I probably would have just frittered away!
Downgrade Your Groceries
A super simple way to save money on your household shopping is to switch brands. If you normally buy premium branded products, see what you could switch next time you’re out shopping. There are tons of products you can switch and not even notice a difference. Personally I do most of my shopping at Aldi, and have swapped to their own brand versions of chocolate spread, shampoo, conditioner, cereal, crisps and loads more. My family haven’t even noticed the difference but it’s made a big change to our monthly spend.
Automate Your Savings Online
If you want to save money without really thinking about it, you can make use of technology. There a lots of ways you can use online banking, or even apps to save your money without much effort! You could set up a weekly or monthly direct debit that goes straight to a savings account. I have mine set up to go out on payday, that way I don’t really miss the money and I know I’m saving a little every month.
Some banks also have a ‘sweep’ or ‘round up’ option where your pennies are automatically swept into your saving account at the end of the day. So say you had £20.86 in your account, 86p would be moved into your savings. It might not be much, but it all adds up and when I used this, I never really noticed it until I checked my savings account.
There are also automated savings bots such as Plum and Chip that do the saving for you. As I’ve never used one, I can’t personally recommend them. However, I do know people who swear by them, and if you want to learn more about them, there’s lots of info on MoneySavingExpert.com.
Join A Cashback Website
Whenever you’re buying online, make sure to do it through cashback website such as Quidco or Topcashback. It’s a quick and easy way to save money on your purchases.
Cut Out That Morning Coffee (or your equivalent)
Ok so this might take a little effort to start with. It’s all about breaking habits.
If you have something you regularly spend money on unnecessarily, try cutting it out for a month. It could be takeaway coffee, buying lunch at work, a weekly magazine, even taking a taxi instead of getting the bus. Put the money you would have spent in your savings instead and watch it add up.
I’d love to know if you have any other suggestions for money saving. Let me know in the comments below!