1. Declutter and Ebay what you don't need
I often do this before we are going away somewhere. I am constantly minimising what we don't need in the home and I often do a big drop off at a local charity store and what I can Ebay or put on Gumtree I do because it can really add up and it's a great way to declutter your home but also make a little bit of extra money to go towards any family travels we have planned.
2. Reevaluated any memberships or subscriptions you have
Review any memberships, subscriptions or services you're paying for to see which you could do without. Remember that you may only need to suspend these luxuries for a few months to pad your savings account. You could drop a gym membership, for example, in exchange for running and other free exercises you can do at home or at local parks such as yoga. Review your TV provider and package - you maybe able to reduce it down to a basic package and add a cheaper streaming service instead, an easy swap but will save you money monthly. Also, you could check to see if you're paying any unnecessary fees on your student loan and if you're thinking of taking one out then I recommend checking SoFi which has no late fees or insufficient fund fees which is great.
3. Stop Eating out
Buying groceries and cooking at home, especially if you have a family, can literally save you hundreds of pounds. If you enjoy eating our regularly you may initially find this hard or tedious but its a great way to save money as well as eat a little healthier and why not get the kids involved with the cookie. Also, try to cut morning coffee from coffee shops and cafes from your morning routine and rather brew your own at home.
4. Trim Other Monthly Expenses
2. Reevaluated any memberships or subscriptions you have
Review any memberships, subscriptions or services you're paying for to see which you could do without. Remember that you may only need to suspend these luxuries for a few months to pad your savings account. You could drop a gym membership, for example, in exchange for running and other free exercises you can do at home or at local parks such as yoga. Review your TV provider and package - you maybe able to reduce it down to a basic package and add a cheaper streaming service instead, an easy swap but will save you money monthly. Also, you could check to see if you're paying any unnecessary fees on your student loan and if you're thinking of taking one out then I recommend checking SoFi which has no late fees or insufficient fund fees which is great.
3. Stop Eating out
Buying groceries and cooking at home, especially if you have a family, can literally save you hundreds of pounds. If you enjoy eating our regularly you may initially find this hard or tedious but its a great way to save money as well as eat a little healthier and why not get the kids involved with the cookie. Also, try to cut morning coffee from coffee shops and cafes from your morning routine and rather brew your own at home.
Make eating at home fun |
Also, if you have debt, you can look into refinancing options to lower what you owe each month or taking out an interest free credit card and transferring your current balance which could provide you a breather. You could also consider student loan consolidation which can be an excellent money-saving option if you have multiple student loans with different interest rates. By refinancing your student loans, you can bundle these expenses, leaving you with a lower interest rate overall.
5. Use Your Credit Card to Accumulate Travel Points
If you have a credit card with cashback rewards, use it wisely to accumulate points that can be redeemed for airfare. Whatever purchases you have to make, put them on the credit card. This is like earning free money. Just remember to pay off the balance completely every month so you don't accumulate debt.
If you have six months to a year to prepare, you could save thousands of pounds for your holiday by following these and other money-saving tips. Though you might have to make a few short-term changes, you can look forward to a trip you've earned by being frugal.
*Associated
Stop eating out is perhaps the most money-saving of all tips here! So much can be saved by cooking the food and for that matter, even sourcing the raw ingredients from the cheaper supermarkets. Something that I would also add to it would be to seriously think about the money spent on petrol or public transport fares for the shorter rides. Walking a few miles is not really that difficult and good for the heart too.
ReplyDeleteI totally agree - I love cooking from scratch and do it most nights, often the only times we eat out is if we have gone somewhere for the day and I haven't had time to put together a proper lunch for my boys. Also yes to walking more - it's free and great exercise
DeleteLaura x
Some good tips here - I think that eating out (and drinking out) makes such a big difference. I generally only do it when there is a social aspect involved like meeting up with friends.
ReplyDeleteBrilliant ideas. If you really want it you will find ways to save. Dear husband spends a fortune on coffees out!
ReplyDelete