Money saving ideas – are you doing enough?
Date published: 25 January 2013
We all start to look at our finances in the first few months of the year. The festive season is well and truly behind us and with the new year comes thoughts of frugality. In the spring as ISA season comes around again it’s likely many of us will be reviewing our saving options, asking such questions as “what is this year’s ISA allowance?”, “what is a stocks and shares ISA?”. But there are money saving techniques we should ensure we do all year round, not just after Christmas or in the spring.
Here are our top money saving ideas, that may just help you do your bit for the environment too – which one’s will you pledge to do?
Improving the insulation in your loft
If you haven’t got your loft insulated you’re literally losing money every day. Yes you may have to outlay initially for the insulation, but it will save you massively down the line. The insulation will trap the heat in your home meaning your home will stay much warmer for longer. Not only will this cut down on your energy bills, decreasing your usage will also do that little bit for the environment too.
Turning off appliances
This is one of the biggest issues in homes up and down the country. It’s such a simple thing to do, but can make such a huge difference. Simply by turning off appliances such as your computer and TV when you go to bed can potentially save you hundreds of pounds each year on wasted energy costs.
Washing and drying clothes
Again this is so simple, but can make such a difference. It’s important to only use your washing machine when you have a full load to wash, and make sure you hang clothes outside rather than using your tumble dryer. This can quickly cut your energy consumption and bills.
Travelling to work
Do you really need to drive into work each day? For some, public transport is a better solution and can save money when you consider rising petrol costs as well as the cost of parking in many city centres. If you can’t get to work by public transport, speak to your colleagues and organise a car share.
When it comes to food shopping it’s easy to just buy ready meals and pack them in the bags provided at the store. Just making a few changes to this can help you save money and do your bit for the environment. Buy ingredients and cook from scratch to save money, and always take your own sustainable bags to do your bit for the environment. And always eat your leftovers too.