5 Ways to Save Money in 2018
Money

5 Ways to Save Money in 2018

Hands up who like me, is awful at saving money? I always start out the year thinking this year I will save, save, save and instead I spend, spend, spend (on bills mostly). However, that doesn't have to be the case, there are lots of ways to help you save out there, sometimes you just have to put in a bit of hard work and hope that it pays off.

To get you in the mood for saving some pennies I have come up with 5 ways to help you save money in 2018.

Check your Bills.

How many of us are on the same plans we were when first signed up to our contracts how many years ago? I know, I myself have had years when I've forgotten to cross-check renewals and just let them roll over. Meaning I know I am paying more than I should. Each time you have a renewal come up it is well worth checking the cost of competitors and seeing how they compare. You might be surprised by how much you could save. If you need to stay with the same company, then ringing them and having a chat can often drive down the price as well.

5 Ways to Save Money in 2018

Remortgage your Home.

OK deep breaths here, but remortgaging your home (if you are in the position to) could save you money. Taking a quick look at something like thisΒ remortgaging calculator could give you an idea if this money-saving hint could be for you and to of course see just how much you could save. However, do make sure it is something you are sure you want to do before taking such a huge step.

Switch Energy Providers.

OK, let's have a head count of how many people have never switched energy providers. I completely admit this is something I am guilty of and if you like me you haven't it is likely you are paying well over the odds for your energy bills. So why not sit down one weekend and spend some time checking out just what you could save.

Think about Buying Own Brand.

OK,Β we all have our favourite brands we are never going to be willing to give up. However, what about the other things you buy? Could you perhaps try switching them out for own brand products? You may just find you actually can't tell too much of a difference and over time it could save you a pretty penny or two.

Utilise Apps.

Earlier in the year, I wrote this post on how to save money using apps and I totally stand by how great some of these apps have been. For instance in Chip alone just by it skimming off a few pounds here and there I have saved over Β£200 and hardly noticed it! That's going to help towards Christmas this year for sure.

So there you have 5 ways to help you save money in 2018, however, I know there are lots more ways out there to save. So I would love to know from you what is your favourite money saving tip?Β 


This is a collaborative post.

 

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5 Ways to Save Money in 2018

This article has 102 comments

  1. bev

    Great article. I try to save bur life gets in the way!

  2. Candy

    These are all important ways to cut costs. Eating at home is a big way to save money

  3. jmanandmillerbug

    It’s good to see that I am actually doing everything you mentioned here. That means that I am on the right track to saving money. These are awesome tips.

  4. Melissa Chapman

    My husband takes care of our finances but has never switched energy companies. We do use off brand products and most are just as good.

  5. Jane Brown

    I shop at Sainsburys and would say about 75% of things I buy are Sainsburys own brand. Saves a lot of money (especially on cereals) and I think the taste is just as nice as the branded goods.

    • Sarah-Louise Bailey

      I have to admit I normally end up buying own brand cereals a lot. I have co-ops own at the moment and it is so much better than the last branded one I got.

  6. Christina Bhattacharya

    This is a really great list! With a teenager, we are really looking to save more money to help fund a car and college. These tips will definitely help.

  7. Amber

    I always love to save money! I use coupons often, or wait for sales. I hate paying full price for anything!

  8. Ashley

    Great tips here. We buy store brand it saves us a ton on groceries

  9. Pam Wattenbarger

    We buy a lot of generic/own brand items. It definitely helps us with keeping within our budget!

  10. tara pittman

    We refinanced our house when rates were low. Then we took out a 15 year loan.

  11. Carol Cassara

    That is awesome! I think it’s really good to save money so you have something for the future or something to treat yourself with. These are good pointers.

  12. ricci

    These are great ways to save money, if you have more than one energy provider! There is only one in my area. Dang it.

  13. Alison Rost

    There are many ways to save money and I think these are great ideas on how to do that. It’s really nice to be able to save more.

  14. Emma Copland

    Great tips – I really need to get better at checking my bills!

  15. Naomi Blackmore

    I find it scary how often we don’t realise little bits of money disappearing, but all for the better if apps like Chip are looking after it so we can spend it later!

  16. Margaret Gallagher

    Save the pennies make pounds – own brands is a great way to save

  17. Kirsty Fox

    Great ideas, I’m absolutely useless at saving money and need all the help I can get.

  18. Emily Smith

    I just need to stop spending!

  19. Kelly

    How do I save money? Oh where do I start? I don’t compromise on things like organic fruits and veg, so I have to find other places. I like natural products and they can be super pricy to buy, so I make my own. Natural deodorant can cost anywhere from Β£5-17, but I make my own with baking soda, coconut oil and a couple drops of essential oil. I also have had the same phone which I bought outright a couple years ago, which allows me to stay on the same phone plan I’ve been on for 10 years….more texts, data and phone minutes than I’d ever use for Β£7.50 a month. Its totally worth the occasional outlay for a new phone. I love money saving posts…keep em coming! πŸ™‚

  20. Joanna Everyday Made Fresh

    This ia a great place to start to save money. Shopping around for car insutance is another one. 😊

  21. Alyssa from The Sparkly Life

    So many good tips! I need to check my bills more carefully for sure…

  22. Claudia Krusch

    We’ve been looking into some of the options you shared. Reorganizing our bills and looking for a new mortgage!

  23. Bella and Dawn at Dear Mummy Blog

    My mummy is awful for checking and beanchmarking her bills πŸ™ I bet she’s losing loads of money. She just need to compare more x Great recommendations x

  24. Jenni

    These are great tips, I always check my suppliers and make sure I’m on the best tarif

  25. Peachy A.

    It’s really hard to save money and just like you I also end up spending. Thanks for sharing your tips, will try it.

  26. Kita Bryant

    This is a really awesome list! I know I have been working real hard to save money this year.

  27. Jeanine

    Saving is my main goal this year. I need to save for tax time and just to have extr as a just in case PLUS savings! These are helpful tips!

  28. Lauretta at Home and Horizon

    These are definitely good ways to save money. I always stay on top of my bills. It’s always good to stay updated.

  29. Heather

    I’m all about saving money this year, especially since my husband lost his job.

  30. April Stephens

    It can be so hard to save, especially when you have children. I am going to give the apps a go! Thanks. πŸ™‚

  31. Annalisa

    I spend money on books, I buy a lot of books online that I could get at the library, for instance. When I subscribe to websites that provide payed services which I’m going to use only for a short time, I often forget to unsubscribe… Also eating outside… a coffee and a cappuccino here and there everyday… a lot could be done to save more!

    • Sarah-Louise Bailey

      I’ve just done the forgot to unsubscribe one, I couldn’t use the website and for some reason just didn’t click I needed to unsub! Nightmare.

  32. Vyjay Rao

    It is so important to save. Saving is actually earning money if you really look at it. Either one needs to increase one’s income or tighten up costs by saving more. These are some good tips for saving.

  33. Anjali W

    All these tips are very helpful. Money saving is so important but difficult too! Thanks for highlighting the dos to be followed for making some savings!

  34. rhianwestbury

    We’re doing lots of saving because we want to start house hunting next year so these are great tips x

  35. Rebecca Smith

    These are some great ideas. I did used to use the apps too but realised my bank offered the same thing via their online banking so utilise that now πŸ™‚

  36. Echo

    It can be so hard to save money sometimes! These are all great ideas! Thank you, Sarah!

  37. Sheleen Johnson

    great tips, I’m terrible at saving always been a spender! i have been saving more the last few year though which I’m proud of i have already implemented a couple of those tips you written about πŸ™‚

  38. Michelle Garrett

    Great reminders! By making small changes in our lifestyles we can save small amounts that truly add up over time.

  39. Carrie Liu

    PSEG made a mistake last month and charged me over $800 for electricity. Really hope I can switch but they are the only provider in my building. Love the tips!

  40. A Day In The Life Of A Mum Of 6 (Lynne Harper)

    As the years have passed i have gotten so much better at saving which is great, but with all there is always room for improvements πŸ™‚ x

  41. Lavanda Michelle

    I love to save money and these ae great tips. I have great apps to help me save and I get excited whenI save.

  42. Angela Milnes

    I really love to saving money and eating in the house is a big save for me instead of eating outside.

  43. Nigel Soper

    Thanks for this. A timely reminder.

  44. Amanda Noble

    I started finding ways to save money in January and most of the help I have managed to find has been from brilliant bloggers such as yourself….so thank you and please carry on the good work x

  45. Danielle

    We have switched to buying own brand for a lot of things and honestly I can’t taste the difference.

  46. Marie Leveque

    Fantastic blog with great tips to follow here.
    Thank you πŸ˜‰

  47. Theresa Thomas

    Great ideas, I think I need to put some into practise

  48. lipi

    I have always been a big saver. But i keep on spending more from past 2 years. I dont understand y…ur article is good. Maybe i can get handle on my spending habbits soon.

  49. Helen Costello

    We have been spending this month going through our bills and it is incredible how much you can save when you contact the companies. Scary that we have stayed with the same suppliers for so long.

  50. Heather Haigh

    Great tips, we’ve been trying to switch energy suppliers for weeks but unfortunately got stuck with a really incompetant firm that we can’t seem to leave!

  51. Mo

    I definitely agree that switching energy providers could save a lot of money. Plus it doesn’t hurt to do your own research and phone the providers to get quotes before your decision to switch.

  52. Jem

    Loved this post. I think k it can be difficult to save money these days.

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