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  • How I Earn
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  • About Me
  • Contact Me
  • Flamingo Paperie
  • Matched Betting
  • FAQ

Blog

5 Quick Ways to Save Money!

25/2/2019

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I have had many times when money has been short for one reason or another. Sometimes this is due to an unexpected expense, other times there is just too much going out and not enough coming in!

Also have a look at my blog post on My Top 5 ways to bring in some Quick Extra Money.

Here are 5 quick ways you could save some money each month:
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Subscriptions

Check what subscriptions you are currently paying for.  Are there gym memberships you pay for monthly but don't get full use out of? What subscription boxes are you paying for that you don't use any more?  Then look at the ones that you use, but could perhaps manage without for a while. Whilst I pay for Netflix and Spotify and I use both regularly, I wouldn't hesitate to cancel them if I was struggling to find that money each month, or needed that money for something more important.

Last year I paid for an online exercise app, which surprise surprise I don't now use! I thought it was a one off payment, but no.....there it was in my recurring payments in Paypal. I cancelled that pretty quickly!! So a top tip is check Paypal for recurring payments!!
Direct Debits

Do the same for direct debits as you did with subscriptions.  Some will be essential like your water, utilities and other bills. Are there others there that you don't need? When I was really short of money I cut the direct debits back to the bare minimum.  I also found it more flexible to pay some bills when I knew the money was there rather than paying by direct debit, but if you do this still keep on top of the bills.
Have No Spend Days

See if you can go a day without spending any money at all, then try to see how many days you can do in a week! Including all those coffees, sandwiches and snacks! It is surprising what you can cut out when you are going for a no spend day!
Pay Off your Debts

Firstly always pay the minimum on your debts to avoid charges being added. Pay off your debts as quickly as you can, without leaving you short for your daily living. Pay the debts that have the highest interest rate first and take advantage of balance transfer rates if you are able to.

If you are struggling to pay your debts then please seek help from your providers or Citizens Advice.
Stick to a Budget

Make a budget and stick to it! Plan as much of your spend as you can. Allow a little extra for some unexpected expenses.  Budgeting is hard! It may take you a while to get all your income and expenses worked out.

It will be worth it as it will help you to identify any areas in which you are spending too much, or where you think you could cut back. You may be surprised with what you find!

See my recent blog on Setting a Budget and Sticking to it!
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Join Mailing List

​I hope you have found something useful here among my suggestions. Look out for more money saving blogs coming soon!  Join my mailing list for monthly money saving newsletters and My Top 10 Money Saving Tips free download!

​Love Teresa x

**​If you are struggling to pay your debts then please seek help from your providers or seek financial advice from Citizens Advice.**
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    Hi, I am Teresa.  I am mum to two gorgeous children and I work from home.  This blog is about my journey working from home.  I hope to be able to help others who are looking for an additional income, or are looking for ways to save money.

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