With changes in the cost of living, many people are reevaluating their spending habits and recognizing the importance of having savings. Whether you’re setting money aside for something special or preparing for unexpected expenses, building savings is always a smart move. No matter how much you can afford to save each month, there are plenty of practical ways to stretch your budget.
On this page, you’ll find 35 actionable money-saving tips to help you make your money go further. These tips are grouped into three key categories: lifestyle changes, budgeting, and maximizing your savings accounts. Whether you’re on a tight budget or looking to meet a specific financial goal, these ideas can guide you toward better savings habits.
Lifestyle Changes to Save Money
The first 20 tips focus on small lifestyle adjustments that can lead to big savings. From groceries to wardrobe choices, here are some ways to save:
1. Shop at Discount Supermarkets
Stores like Lidl and Aldi often offer lower prices on groceries and household items compared to premium chains like Waitrose and Sainsbury’s.
2. Choose Store Brands
Supermarket own brands are often made by the same companies as popular brands and can help you save significantly.
3. Use Loyalty Programs
Sign up for your local supermarket’s rewards program to earn points, discounts, and special offers.
4. Save with Food Apps
Use apps that sell surplus food at a discount. These apps reduce food waste and save you money on meals.
5. Buy in Bulk
Purchase non-perishable items in bulk to save money, but only if you’ll use them before they expire.
6. Use Coupons and Vouchers
Look for coupons online, in local magazines, or in your mail. Keep them handy to use during your next shopping trip.
7. Check the Clearance Section
Find deals on essentials and discounted items in your supermarket’s reduced-price section.
8. Share Streaming Subscriptions
Split the cost of streaming services with family or friends to save on entertainment.
9. Cancel Unused Subscriptions
Review your subscriptions and cancel services you don’t use to save money every month.
10. Always Use a Shopping List
Plan your weekly meals and stick to your list to avoid impulse purchases.
11. Don’t Shop Hungry
Shopping on an empty stomach can lead to buying unnecessary items.
12. Make Your Own Meals and Products
Prepare your own lunches and make homemade cleaning products to cut costs.
13. Quit Smoking
Giving up smoking can save you thousands of pounds a year while improving your health.
14. Cut Down on Alcohol
Reduce spending on nights out by limiting how often you go out drinking.
15. Opt for Low-Cost Social Activities
Save money by choosing free or low-cost outings with friends instead of expensive events.
16. Use Cashback Sites
Shop through cashback websites to earn back a percentage of what you spend.
17. Negotiate a Better Phone Plan
Compare mobile plans and negotiate with your provider for a better deal.
18. Buy Pre-Owned Clothing
Use apps like Vinted or Depop to find stylish, affordable second-hand clothing.
19. Organize Your Wardrobe
Rediscover clothes you already own and sell items you no longer wear.
20. Sell Unneeded Items
List books, furniture, or electronics you no longer need on platforms like eBay or Facebook Marketplace.
Budgeting and Saving Hacks
The next set of tips is all about organizing your finances to save more each month.
21. Rent Clothes for Special Events
Instead of buying outfits for one-time occasions, rent them to save money.
22. Borrow Clothes from Friends
Share clothes with friends or family for special events instead of buying new.
23. Cash In on Clothing Donations
Some companies pay for clothing donations based on weight.
24. Shop Second-Hand
Find unique and affordable items at charity shops.
25. Use Parking Apps
Save on parking by using apps that help you find free or low-cost spaces.
26. Stay in Budget-Friendly Lodging
When traveling, consider hostels, farm stays, or home swaps for affordable accommodations.
27. Subscribe to Hotel Newsletters
Sign up for hotel emails to receive discounts and promotions.
28. Check for Local Discounts
Many attractions offer reduced rates for nearby residents.
29. Cycle Instead of Driving
Biking saves money on fuel, insurance, and maintenance, while also improving your health.
30. Use Free Trial Periods (Wisely)
Sign up for free trials, but remember to cancel before being charged.
31. Compare Providers
Shop around for deals on utilities, internet, and insurance to find the best rates.
32. Check for Government Grants
Look into grants for home improvements like insulation or energy-efficient upgrades.
33. Delay Impulse Buys
Wait a week before making purchases to decide if they’re truly necessary.
34. Take Advantage of Work Benefits
Explore workplace perks that could save you money on commuting, childcare, or fitness memberships.
35. Switch Service Providers
Switch providers or negotiate better deals to save on bills and subscriptions.
By making small, consistent changes and staying mindful of your spending, you can start saving more money each month. No matter where you’re starting from, these tips offer a roadmap to a more financially secure future.
