The cost of living is rising rapidly. In the last few months, people from all over the UK have seen their energy bills dramatically increase, meanwhile their favourite supermarket products and fuel prices have become noticeably more expensive. Why is this happening now? It’s not an easy answer, but the impacts of a costly pandemic and the ongoing Ukraine crisis have a large part to play.
It’s no surprise then that people are trying to save as much as they possibly can, in order to mitigate the effects of this increase in the cost of living. Here are 4 tips on what you can do to save some extra pounds and pennies while the situation remains unfavourable.
Go for home cooked
Try to cook at home as much as possible. Although we know it’s easier said than done (who can resist those unmatched Tesco meal deals!?) – truth is, you will save a lot of money if you cook lunches and dinners at home.
It doesn’t have to be every single day of the month, but try to minimise eating out as much as you can. Even if some offers seem like true bargains, buying the ingredients from the supermarket and cooking them yourself will always be cheaper in the long run. You can also try to set certain objectives such as ‘I won’t eat out during the week’, which may help to stay on track.
Opt for shared transport
Try to use shared transport as much as you can. You might not be the biggest fan of taking the bus but using public transport can be an amazing way to save some fuel money.
However, if you’re in need of a new vehicle, a good option would be to buy a used car. Many dealerships will have sales depending on the time of the year and you can also search online to find the best option for you. Buying a used car will be much cheaper than buying a brand-new one and although it might not save you that extra fuel money, it will surely help with keep your finances in check.
Check your subscriptions
Audit your online subscriptions and stop paying for those that you no longer use or appreciate. Have you got an Audible account that you haven’t even used once? What about a subscription-TV service you don’t use because you’re too busy? Do you really need them? If the answer is no, cut your losses.
Look for more free activities
Look for alternative and free ways to do the things you enjoy. If you like exercising, for example, you don’t need to pay for an expensive gym membership. Try going out for a run, or even do some calisthenics in the local park near your house.
If your thing is learning languages; you don’t need to be paying for expensive one-to-one classes. Watch YouTube videos in that language or go out of your way and meet someone from that culture. There’s always a way to do it cheaper and sometimes it’s an even better way.
Thank you for reading.