1. Home
  2. Chat
  3. You Can Give One Tip and Only One

You Can Give One Tip and Only One

Money Saving

If you were to explain money saving/bargain hunting etc to someone who has never done it or been interested in it before; what one tip would you give them?

CharlotteMil476
9 months ago
What do you think of this?
Lynibis
Lynibis9 months ago

Pay all bills by direct debit, divide what is left of your income roughly by 4 and never spend more than that in one week. You will then have the same weekly amount available no matter how far or near payday is.

I also apply this to holiday money. Say spends are £70 for a 7 day holiday, therefore £10 per day. If you only spend £8 on one day you can spend £12 the next.

Like
Reply
1
Johnny
Johnny9 months ago

Always pay your credit card bill IN FULL every month, so that you don't spend what you don't have.

Like
Reply
1
MrsCraig
MrsCraig9 months ago

Figure out exactly how much you have coming in each month and how much you spend and then figure out where you can easily reduce your costs.

I pay all the bills by direct debit each month. I know how much each one is, I spend roughly the same amount on shopping each week, so I know how much I have left over to save each month. I switch our car and home insurance each year and our energy to get the best deals and save us a bit extra each year. If money is tight then the first things to go would be the takeaways and Netflix. We are not frivolous with our money but if we had to cut back I know exactly what the cuts would be!

Like
Reply
1
JjacquelineWwri
JjacquelineWwri9 months ago

If you are struggling or just want to save money. Write down your ingoings and outgoings after for one month only spend as you would but keep receipts or write down what you have spent that day and look back at what you are spending on to see where you are going wrong. Me and my partner did it and it works x

Like
Reply
1
Pjran
Pjran9 months ago

Buy supermarket offers in bulk especially jars, toilet rolls, tea and coffee. Only buy what you can afford and need.

Like
Reply
1
GlitchHunter
GlitchHunter9 months ago

Switch your bank account often to benefit from the new customer bonuses. You can do it once a year I think.

Like
Reply
tumblespots
tumblespots9 months ago

Pay by DD as you gets slight discounts for doing so. Write down income vs outgoings so you know what you have left. I have an excel spreadsheet which shows all ins & outs which is continuous, bring forward the payments each month to keep a running total and you will always know where you are. Pay off your 'cashback' credit card in full each month, so no interest to pay and with the benefit of a cashback amount to spend each year as you choose.

Like
Reply
KirsteyJames
KirsteyJames9 months ago

Only buy things that you need even if you think its a bargain 🤣

Like
Reply
Auntielettie
Auntielettie9 months ago

Cross of your Christmas gift list all unnecessary people, work colleagues, neighbours etc and especially those we are trying to impress.. but never do.

Like
Reply
KazLou
KazLou9 months ago

you take care of your penny and the pounds will take care of themself's

i was alway's told this when growing up living with my nana

Like
Reply
Mummyk
Mummyk9 months ago

Only buy things what you would actually use or need or gift to someone for an occasion.

I used to buy "bargains" because it was so cheap but I've learnt not to spend when not necessary

Like
Reply
1
BBT
BBT9 months ago

Ditto this. I did the same and ended up with a hoard all because it was cheap and it cost more money to deliver it all around to people. No more for me and life is far less stressful. I acknowledge now not all bargains are bargains

Like
Reply
2
MrsCraig
MrsCraig9 months ago

My dad always said it is only a bargain if you need it! I definitely follow all of his advice when it comes to money!

Like
Reply
mrmarkbaker
mrmarkbaker9 months ago

do your food shopping between 5-6 pm , loads of reduced going out of date at sometime 90% discount , i havent paid more than 10p for a loaf of bread or rolls for ages

Like
Reply
RegularComper90
RegularComper909 months ago

Make sure to find all of your deals on LD, as opposed to other deal hunting sites. 🤣

Like
Reply
One of the UK's largest deal hunting communities

Join for free to get genuine deals, money saving advice and help from our friendly community

Kelsey, Tom
& Deepak
Founders
Founders of Latest Deals