Collaboration with Poppy J.
It is becoming increasingly difficult to squirrel away a few extra pounds, or to save towards a bigger essential buy – let alone long term and for the future. With a bit of extra diligence, it is possible to start – and starting is the hardest. We look at small changes you can make to make it happen.
Shift Down A Brand
When grocery shopping, think of the price range of your favourite consumer brands and the next time you go for supplies, look a level lower on the shelf. Supermarkets place the premium brands at eye level and the bargains towards the bottom of the shelf, so try out alternative brands. Words like ‘luxury’ on more copious packaging lure us into shelling out more for the premium range, whereas ‘basics’ offers more no frills packaging and can still even be hiding a better quality product underneath. We are tricked into thinking pricier equals better quality, but it doesn’t always. If you buy brand names (Kellogg’s, McVities, etc.) opt for supermarket own brands next time and see if you can taste any difference in quality.
Put a Money Away for Each Day of the Year
This might take a little effort to remember and you can always tick it off on the calendar, but if you remember the 365 Day Challenge craze, it could come in handy for you. Imagine January 1st is day 1, and December 31st is day 365, then putting the number in pence into a box can save you a total of around £670 a year. There are free downloadable charts to keep you on track. If towards the end of the challenge you are putting away £3. 63, then £3.64, then £3.65 the next day and this proves change you just can’t spare, commit to putting a set affordable amount away each day, for example a pound a day will still save you £365 a year. Of course, day one can be August 31st and day 365 August 30th the following year so you can begin any time.
Spread The Cost Out For a Bigger Purchase
If you just can’t save up for an item you need now, such as a bed, make it affordable in the interim by spreading out payments, so that you are able to budget for other essentials and save more easily. In some cases, like with cars, it can mean paying more long term for an item, but not always. The resources that opting for purchasing goods on finance saves can also help you to end up actually saving money elsewhere in the long run.
Take Advantage Of Online Price Codes
For groceries, make use of the introductory offers from every supermarket offering home delivery. Sainsbury’s off £10 discount for the first five shops and Morrison’s and Ocado off £10 or £20 a first order. Try each supermarket out for each shop, to make the most of these introductory offers. On top of this, periodically, individual products can be added to the basket for free, some several at once. Very often companies have promotional codes can that be used concurrently with other codes, a practise known as code stacking.
For clothes and electricals, keep an eye out for price glitches, where you end up with heavily discounted or even free entire orders. If you spot it early enough, very often providers end up honouring these, and shoppers have ended up in the past with pricey new TV’s for a fraction of the price, or in season fashion buys for pennies.