A few of the best ways to save money
Over at Winzum it’s not simply all about online competitions (although we do bloody love them!), we are also passionate about helping out our wonderful online competition community in any way we can too.
From helping you win your regular pub quiz [how to win a pub quiz every single time], to giving you advice on how to keep sane during lockdown [how to keep busy during lockdown], you can bet your bottom dollar that at Winzum we’ll have you covered!
2020 has been an extremely difficult year for most of us, especially on the financial side of things, where countless industries have taken a massive hit. It got us thinking: what are some of the best money saving tips? We’ve racked our brains, and presented some of the best saving money suggestions below…
Immediately place a percentage of your paycheck into savings
Saving money really doesn’t have to be difficult, and the first step in becoming a money saver expert is to make sure you have a savings account opened. This is vital, mainly because it will help you keep money meant for saving away in one neat and tucked away pot.
Next on the agenda is committing yourself to putting away a percentage of each paycheck you receive into a savings account as soon as you receive it. This is definitely one of the most effective money saving tips, and it doesn’t have to be difficult – just work out a percentage you can afford to put away each month and you’re all gravy!
Plan your meals for the week and shop accordingly
Something else that is crucial to saving money is the simple art of planning, and this is most effective in the context of food and meal times. One of the easiest ways to waste money is by going to supermarket every day, because you’ll inevitably end up buying other stuff you didn’t really plan on.
A great way to combat this and save money in the process is to plan your meals for the week in advance, and then do the weekly food shop as efficiently as possible. You can still eat luxuriously, but you’ll find you are saving much more money as nothing gets put to waste.
Buy clothes in charity shops or over eBay
Aside from the essentials in life, clothes shopping can often be where people spend the most money, but there are many ways to reduce your outgoings here. Buying clothes in charity shops, for instance, is an excellent money saving tip, and it could have you looking even cooler than before!
Second-hand clothes shopping may get a bad rep from some people, but in reality it’s a great way to get your hands on some unique garments at a cut-price cost.
Cut out unneeded expenditures
Look, nobody’s perfect, and at Winzum we’re sure pretty much everybody has a few things that they needlessly spend money on. Nonetheless, if you are honest with yourself and some of your unneeded expenditures you could find yourself saving money in no time at all.
For example, instead of buying a meal deal at lunchtime every day at work, why not make a packed lunch?