Money Saving Tips

It’s hard trying to save every single penny that you can in an economy like todays. It always seems like no matter what you do, there is always something that you can do better or something you’re doing wrong.

There is so much to consider, don’t worry I know it’s overwhelming. But, as is the case with most paths in life there are more than a few things you can do EASILY to help keep you on track and either keep you in the black or get you back in the black.

Not all of these will apply to everyone, but everyone will be able to take something from this list and turn it into something relevant for you. Take a look, pick and mix your favourite and get out there and GET IT.


I’m a big fan of the phrase ‘treat yo’self’, but there comes a time when you have to hold back on the treats and think about what you’re doing in order to be sensible with your spending. Don’t get me wrong, have a bit put aside for a bit of splurging (what’s life without a little fun?!), but, like everything, this should be budgeted for and the budget should be stuck to.

The Morning Coffee

Everyone loves a Starbucks on the way to work. A nice little ‘treat’ to reward ourselves for getting out of bed and doing adult things. STOP THIS.

It is such an unnecessary drain on a wallet and it really is not necessary.

Even if you get the cheapest option, it still adds up to around £2 a day. That’s £10 a week. £40 a month. £520 a year.

Think of what you could do with £520 a year?! Forego the coffee and bring some from home.

Budget as Though Your Life Depended on it

You’ll hear this time and time again because IT WORKS.I like to adhere to the 50/30/20 rule. That’s 50% of your income for necessities, 30% to savings and 20% to having fun. When you break it down like that at the beginning of the month, it makes everything so much more manageable!

If you’re statistically minded, set up a basic spreadsheet and track everything that you’re spending, you’ll be able to see where it is your money is going and you can adjust month by month to suit your needs.

Try comparing prices on products using price comparison sites to ensure you’re getting the best value for money possible. Sometimes it can be tempting to buy the most expensive version of whatever product you want to buy, as you might think it’s the best quality option available. However, sites like will tell you that this is not always the case!


Work Smart Not Hard

Taking a look at your processes and procedures can give you a real insight into where your resources and money are being drained for no good reason.

Can something be streamlined at minimal cost to reduce the man-hours spent on the task? Would buying software work out cheaper than wages? It’s something you have to look into.

Pay Your Business Before You Pay Yourself

If you’re running a small business, especially if it’s new, a huge majority of profits should go into bettering and progressing the business to reach its potential. Put everything you need into the business and then only take what is necessary as your wage. It’ll pay off in the long run. Trust me.

Obviously, always make sure any and all employees too! A business is nothing without the people who work there.


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