2023 is perhaps the key year where we need to tighten our belts. Getting a firm grip on our finances is paramount at the moment. With so many bills going up in price and the cost of things escalating beyond belief. With all of that in mind, let’s look at the best money saving tips 2023.
Make & Stick To A Budget
One of the best money saving tips 2023 is to make and stick to a budget. In order to create your budget, you need to look at how much money you have got coming into the household, and how much is going out. If there is a deficit, you need to look into ways to plug the gap. If there is money left over, you need to look at the best possible way to spend or save that cash. Your budget should include everything from energy bills to petrol costs and putting food on the table. This will allow you to make the most of what you have got. This includes knowing exactly how much you have got to work with when organising your weekly food shop.
Cut Back On Things You Can Do Without
What are you spending money on that you really don’t need to? It could be a subscription that you simply don’t use anymore. An insurance policy for something you no longer own. Maybe even a donation to a charity you haven’t been involved with for a long time. When we slash those things out of our spending we free up that cash to work in other areas of our lives. Do you really need to be subscribed to four TV streaming services when you can only watch one at once? Now is the time to make priorities and get rid of things that do not make that list.
Make More Of Your Food
How much do you spend on food every week? The grocery bill can quickly get out of hand. Especially if we do one big shop and then a couple of top-up shops for staple items. Maximising the number of meals we can make from our food is imperative right now. In order to do this we need to look at what we are buying. Then find ways to stretch it out into more plates. This could mean buying in bulk and batch cooking. Maybe padding out meals with more vegetables, shopping the reduced section for yellow stickers and utilising your freezer. In order to keep your tummies full, find ways to use your food budget to provide filling and nutritious meals every day.
Switch Suppliers To Get New Customer Deals
Next on our list of money saving tips 2023 is switching suppliers. obviously, a lot of energy companies have fallen by the wayside and we have fewer options when it comes to swapping the provider of our gas and electricity. However, if competition comes back this year, you should definitely look at the cheapest provider for your energy bills. You can though, switch providers for other things such as broadband and your mobile phone. There is no loyalty from businesses to you, this is obvious when we see mid-contract price rises of 14%! So don’t stay loyal to these companies. New customers often get the best deals because businesses want to attract appeal. By jumping from one supplier to another you can get a better deal and maybe even pay less for a better service.
Sign Up For Cashback Sites
Sign up for these new customer offers via a cashback site to save even more! When you can earn £100+ in cashback when you take a new broadband contract, you can see just how appealing this is. If you aren’t using a cashback site when you shop online, you are paying more than you need to! All of your favourite retailers are on there, including supermarkets and insurance companies! Simply click through to the retailer via the site instead of going direct. This way, your journey will track and your cashback will soon be paid. You could earn 10% back on the amount that you spend or perhaps a flat fee of £50, £75 or even £100+. Keep more money in your pocket after cashback and sign up at sites like Quidco.
Turn It Down & Off
One of the most important money saving tips 2023 is switching stuff off, turning things down and watching when you use certain things. Did you know that simply turning down your thermostat by half a degree can save you big money over the course of a year? You might not even notice the heating difference, especially if you put some effort into addressing drafts and wearing an extra layer of clothing. Rather than leaving electrical equipment switched on when not in use, switch it off. The same goes for lights! Cut down the length of your shower to save money on heating the water. Little changes can add up to huge reductions in bills!
Look At How You Travel
Travel is next on our money saving tips 2023. How exactly do you get around? By leaving the car on the drive for a couple of extra days of the week and using your legs, you can save big amounts of cash. Not only will you not use the expensive fuel and have to top up your tank more often, but you might also find that your insurance premiums reduce because you are travelling fewer miles. Whilst the average UK car trip is 8.4 miles, which might not be walkable for you, there are probably shorter trips you can switch out. Walk to the shops and you’ll probably buy less because you can’t carry as much home!
Enjoy Freebies To Keep Cash In Your Pocket
When was the last time you enjoyed a freebie? I have the Subway app and recently had an email saying they’d added 100 points to my account. This gives me a free hot drink! There are lots of apps you can sign up for where you will get a freebie as a new customer. You can also earn points which you can swap for rewards. Make sure you add your birthday to the likes of the Costa Coffee app so you get a treat on your special day. Cashback apps often give you freebies (after 100% cashback) and you can use other apps such as Olio to pick up surplus food in your local area. Free stuff is fantastic. Right now, it is one of the best money saving tips 2023 that we can all enjoy.
Using some money saving tips 2023 to make finances slightly better will, in turn, make life more manageable. Which of these top tips will you start putting into action today?
