I love saving money, and I love any kind of money-saving ideas. It wasn’t always this way. I used to be terrible with money until I started saving for my first property. It made me look at my finances and see what a frivolous person I was when in reality I couldn’t afford to be. Money-saving life hacks kind of saved me a bit from my poor financial planning.
If you are not sure what a life hack is then the dictionary describes it as “a strategy or technique adopted in order to manage one’s time and daily activities in a more efficient way”.
There are of course a variety of money-saving life hacks. The main ones are the ones that save you time and make your life easier, then there are the money-making life hacks and ones like this which is the money-saving life hack.
Once you have looked through this list and started to set up some of your own money-saving life hacks then you could be on your way to saving hundreds of pounds per year.
Vouchercodes.co.uk is the UK’s biggest vouchercodes website and has discount codes for everything from dining out to clothes shopping to days out. They also have a Top 20 section where you can browse the top 20 discount codes they have available that week.
All in all Vouchercodes have 5000 retailers at hand so they can secure the best offers for you the public on a daily basis.
Vouchercodes.co.uk has been around now for 10 years and is reliable and secure it’s my one-stop-shop for not paying full price for anything and paying less than full price is a very easy money-saving life hack.
2:Plum Money App
Plum is the AI assistant that literally grows your money for you without you even noticing. You can sign up here at Plum. I have been using plum now for a couple of months as I will be doing a full review soon.
It really is so easy to use. You download it onto your mobile via the app store or play store and then with a quick link click, connect it to your bank account. Dont worry this is all super secure and you have to re-connect every 90 days just to make sure.
Once plum is connected you just need to set some rules. I have mine set to round up any spending on my debit card and add the extra to my plum account in savings.
You can also let plum look at your accounts and put aside a set amount each month dependant on how you spend your money. I’m not brave enough to choose that option yet but the round-ups option is a good one for me. I don’t really even notice the amount being taken from the account yet it all gets saved in my plum app for me.
Most supermarkets have a clubcard system but the best one I have found is the Tesco clubcard points system. Not only can you collect points from shopping at tesco but also if you fill up with fuel at their filling station.
If you use the reward partners to spend your vouchers you generally end up with 3 or 4 times the original value.
When you shop as much as we do at Tesco it can really add up. We also both purchase fuel from Tesco so we generally have a lot of points to spend. we always end up using the Clubcard app to order our vouchers to use with the reward partners to make them go further.
My wife and I love a cheeky bit of cashback. We use Quidco as I have found it the best one out of the ones available. Every time we do any kind of online shopping we use Quidco and we also use it when we swap energy providers or car insurance providers as you can usually get a nice lump sum of cash for switching which makes it all the more worthwhile.
Sign up to Quidco today and start saving that cashback to withdraw and spend on a rainy day.
Get used to using this money-saving life hack every time you shop online. Absolute no brainer this one.
No, it isn’t an affliction I have got due to posting multiple blog posts. It is a very clever site that has a built-in search engine that searches eBay for miss-spelled auctions. For example, if you type in Samsung in the search bar it then takes you to eBay to show you all the different ways that people have placed listings with the wrong spellings.
Fat fingers are the number one site to go to in order to track down those miss-spelled listings on eBay and grab yourself a bargain and save money today.
6:Save On Coffee
If you are a regular coffee drinker like myself then you will always be pleased if you can save money having your favorite hot drink.
Most big coffee chains will offer money off when you bring a re-usable cup with you. Not only that but further savings can be had because coffee chains such as starbucks will let you have free filter coffee refills as long as you stay on site.
If you have work to do on your laptop, for example, you need only pay for one filter coffee then can have multiple refills for free.
Someone once said Budgets are not sexy and they were right but you know what is sexy? Excess cash in your account every month. Try creating a simple budget and sticking to it for a couple of months. It all starts by cutting out all the useless stuff you spend your money on.
Once you create a simple budget and stick to it you will see a difference in the amount of disposable cash you have left. For more information on budgets and how to use them read my post on the different types of budget and see which one fits you and your lifestyle.
8:Buy Generic Medicines
So I don’t generally buy a lot of medicines as I am generally relatively fit and healthy. I do however suffer from indigestion on occasion and I like to have some kind of Antacid available to me at home.
I used to plump for a big bottle of Gaviscon which usually cost me about £6. However, after a little bit of research, I have found that the local supermarket brand bottle contained the same ingredients but was half the price.
This also holds true for most medicines such as ibuprofen and paracetamol. If you get unbranded ones they are often 4 or 5 times cheaper. When brought in bulk to stock up your medicine cabinet this can save you quite a lot of money.
One of the money-saving life hacks that people don’t automatically think of.
9:Drink Water Before Eating
Seems a weird one but it actually works. Im lucky in that im a slim guy but I do have a big appetite. I find that if I drink a pint of water before cooking dinner it fills me up a little. I tend to end up cooking less food which means less wastage and therefore it saves me money.
This is also a very good money hack to try before you go out to eat at a restaurant. When its time to order you are not quite as hungry as before you drank any water meaning you are likely to order less food and again saving yourself money.
10:Carry Large Notes
I know we are rapidly turning into a cash-free society. As it happens It has been a couple of weeks since I last had cash in my wallet. The trick with this is when you withdraw cash from your bank only go for large denominations of notes such as £20 or better yet £50.
This stops you from spending as much. I know for a fact I am not going to break a £50 note just for a coffee.
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11:Grow Your Own
Grow your own Fruit and Veg in a patch in your garden. You dont need to spend lots of money to start this. Just a small wooden box is good enough to start and with some seeds.
Grow seed potatoes, Strawberries, Tomatoes and any other such food produce to save yourself money when it comes to harvesting them. If you are not sure when to plant potatoes then try a simple google search, there is plenty of advice out there for new amateur farmers.
A simple money-saving life hack that is perfect for the current climate.
Because of the global pandemic with coronavirus which we currently find ourselves in, lots of people are growing their own foodstuff.
12:Changing The Thermostat
In my house I have my thermostat set to 21degrees. Any time the house temperature drops below this the boiler kicks in to heat up the house again. This is also timed to only come on during waking hours and when I am at home.
Did you know though that by just dropping the temperature on your thermostat by 1 degree you could save lots of money over the cost of the year. Also set the timer to come on half hour later and go off half an hour earlier. This will save you one hour of heating per day but I bet you won’t even notice.
Netflix is the greatest streaming service currently available and is my go-to when i’m bored and need entertaining. Although not overly expensive at around £10 per month for the premium service which allows you to watch shows in 4k defintion it is the ability to have multiple people on one account.
I have my wife, Sister and brother and sister in law set up on my account with their own profiles. They can then watch all the great shows free of charge.
Piggyback off of a friends account and save yourself up to £120 per year.
Try that no-spend weekend. If you are not sure what a No-spend weekend is or how to implement one head over to my article on the best ways to go about having that weekend with no spending whatsoever.
The premise is simple, do some fun stuff for the whole weekend that requires you to spend no money. Be it cooking with ingredients you already have in the cupboard to playing board games. Whatever you need to do to pass the time without spending a dime.
I know I say it as if it is the easiest thing in the world to do. Believe me, I have done it and I know it’s not easy at all. In fact, it is one of the toughest things I have had to do.
The plain and simple fact is not only is it going to save you thousands of pounds per year it will also help improve your health. You will get instant health benefits within the first week of giving up.
Even if you are a light smoker giving up is one of the best savings you will ever make. If I had to list the best money-saving life hacks ever it would be this one.
You have to want to give up smoking for you though. If your heart isn’t in it you will likely fail.
Put that cigarette out and enjoy life more.
16:Call Your Cable Provider
9 times out of ten if you call your cable provider and tell them you are unhappy with the current contract and feel it is too expensive and you are thinking about leaving they will get you on a cheaper deal.
The worst-case scenario is you end up leaving anyway and you will still save money by switching to a competitor. Remember these companies don.t reward the existing customers. They want new customers.
17:Meerkat Free Cinema For A Year
So as deftly explained by Moneysavingexpert. It is possible to get free cinema tickets for a year. All you have to do is use compare the Market website and purchase travel insurance. The cheapest I found was just under £2 this then qualified me for 2for1 cinema tickets for a whole year.
It is a little bit of a sneaky trick I admit. People have been doing it for many months now and it is still available for you to try now.
I hope you have enjoyed some of these money-saving life hacks. I hope you get to try some of them to help you live a better life with less cash spent. Let me know if you find any other great money-saving life hacks for me to look at.