Regularly review your budget
The price of food, household bills, travel and other living costs can increase over time. That's why it's important to regularly review your budget. This'll help you spot areas in your spending where you can save money. It also means that your budget is a true reflection of your situation as it is right now.
Keep track of when contracts are due to end
When you start or renew a contract, whether it's a phone bill, energy bill or other subscription, write down the date of when it's due to end. This'll help you remember to check for a better deal before your contract ends. Letting your contract lapse can mean that you end up paying extra money over time.
Cut back on your spending
You don’t need to make big changes to your lifestyle to save money. Cutting back on the little things you buy can make a big difference. For example, if you spend £2.00 on a coffee every week day this adds up to £520 every year. Other ways to save include:
Check for ways you can make extra money
Could you take on a second job that works around your current lifestyle? Have you checked to see if there are additional benefits you’re entitled to? If you use a cashback website every time you buy an item online, you can make small amounts of money each time and save it towards one-off expenses such as Christmas and birthdays.
Before buying something, decide whether you actually really need it, or if it's an item you could get by without. If you feel it's something you really need, shop around at stores and online to find the best deals.
Deal with your debts
If you have debts and you’re struggling to pay them try using our online debt advice tool, or call us on 0800 138 1111 (free from all landlines and mobiles). We will give you free, impartial debt advice that’s tailored to your situation. We’ll be able to help you find the best way to manage your debts.