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General money saving tips

With the cost of living increasing, it’s important to be savvy with the way you’re spending money. Here are some tips and tricks to help you save money.

1.       Review your contracts

Our contracts are a monthly drain on our bank account. Whilst it is currently difficult to get cheaper electricity and gas contracts, you can review other contracts such as your broadband and mobile phones. Check how long is left on each contract and whether there are cheaper options available so you can downsize. E.g. switching mobile phone providers can get you a discount on your contract, or switching to SIM-only contracts whilst using your current phone is a good way to slash monthly costs. Price comparison sites such as Carphone Warehouse, Money Supermarket and Uswitch can help you find cheaper deals on mobile or broadband contracts. 

2.       Review your subscriptions

Similarly to contracts, we often subscribe to things and forget about them long after we stop using them. Go through your bank accounts and look at every subscription going out and ask yourself if you use it and whether you need it in your day to day life.

3.      Make Use of Discounts, Workplace Benefits and Cashback Offers

Make the most of loyalty card points, credit card cashback offers or some workplace benefits that give you special offers.

4.      Take Part in Trials and Studies 

Did you know that you can often make money by participating in trials and studies. You can sign up at websites such as Trials4Us or YouGov