Personal Finance Tips to Save Big Money Each Month


Do you find your money each month disappears before you’ve even had a chance to check your payslip? There are bills to pay, maybe school trips to fund, more new shoes for the kids, food shopping – and a car to run. It would be nice to have some spare money left at the end of the month to spend on things you enjoy wouldn’t it? Well, fear not. By following some of our tips you could make big savings that will make a great difference to you and your family:

1) Getting around 

Travel isn’t something you can avoid as we all need to get around for work and life. But there are a lot of things you can do to save cash on almost every aspect of your car right from making use of free materials to help you learn to drive, cutting car insurance by shopping around to picking up some efficient driving tips. An AA survey found that the average driver could go 10% further on a tank of fuel by changing a few habits, and the best drivers could go 33% further. Try turning off the air conditioning, slowing down and emptying out all the heavy things in the boot. You can adjust your driving by not over-revving the engine, driving in the correct gear and block gear changing when able – rather than going into each gear individually. No matter how long you’ve been driving, you can always learn a thing or two.

2) Reward schemes and coupons 

Most department stores, supermarkets and high street shops offer reward cards and these are a great way to accumulate extra funds to spend when you are running out of funds at the end of the month. Keep an eye out for special offers or promotional weekends where you can earn double loyalty points. You could even get reward points on your credit card usage so always check. ‘Couponing’ has become something akin to a sport for some people but it can have huge financial benefits beyond the joy of rooting out a bargain too.

3) Recycle old belongings

There has been a huge rise in buy and sell websites where you can easily sell your old or no longer wanted items. Things such as mobile phones, DVDs, CDs and clothes are always great sellers so have a good clear out and start selling. Have a look at or Music Magpie to help you get started.

4) Use comparison sites 

Using the internet to carry out research to find the cheapest supermarket prices can really help save the pounds. compares the prices of individual items at Tesco, Sainsbury’s, Ocado, Waitrose, Asda and Aldi so you can get the best deals on the essentials.

5) Don’t waste food 

The average British household wastes £470 worth of food each year, or £700 for a family with children. This is equivalent to around £60 each month, says To help reduce your food wastage, make a meal plan before you go shopping and only buy what is on your list. Try not to get tempted by special offers that aren’t always that special. Also, if you prepare too much food for your evening meal then consider using your leftovers in another meal for the next day. Cut waste and you’ll cut costs.

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