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Summer Savings Challenge Wrap Up

Back in August, I spoke about the fact I was taking part in the Summer Savings Challenge.

It has now been 6 weeks and it is time to look back on how I did and think about how I can keep moving forward with saving.

Light Blue Piggy Bank with a Note Coming Out of It

What Was the Summer Savings Challenge?

For anyone who missed my original post on the summer saving challenge, I'll give you a bit of a recap.

While in the name it is for summer, it is a challenge you could look to take on at any time.

Shepherds Friendly kindly produced some printables, which make keeping track of your savings from the challenge easy.

As well as offering up some ideas which you might like to follow for the challenge such as:

  • Car Sharing with Friends or Work Colleagues.
  • Cancelling SKY or premium TV apps.
  • Swap the Gym for Home Workouts.
  • Freeze Food to Make it Last Longer and Save on Waste.
  • Make Packed Lunches Instead of Buying Out.

To name just a few.

Piggy banks on blue background, view from above

How Did I Do?

For my 6 weeks I decided to take on the following challenges:

Week 1 and 2.
Check out those subscriptions – cancel those that aren't used or wanted anymore.

Week 3 and 4.
Think about turning things off, a long-term goal to help bring the electric bill down.

Week 5 and 6.
Research before buying. Think about coupons, discounts and search for the cheapest price overall.

If you have been following my Facebook page, you may have seen my weekly updates on how I have been doing with this challenge.

For those of you who haven't here is how I did.

Over the first fortnight, I managed to save £50 per month.  Just by cancelling subscriptions which either we didn't use anymore, or downgrading ones which perhaps we didn't use to the fullest but we did on a smaller scale.

For me, I think this is something I am going to try and do every few months.

Most subscriptions go out on the 1st. So that will be a day to sit down and look them over.

The next fortnight was more a time to look at myself.

I am awful for not switching things off, be it lights, the radio or the shower and even taps seem to be an issue!

I have been trying to be more self-aware about the things I do. It is a slow process, I'm not going to lie and say, oh yes I've managed this 100% of the time. As I haven't.

However, hopefully, I am starting to go along the right path when it comes to remembering to switch more things off.

For the final fortnight, it was all about remembering to look for discounts.

I have to admit I've not bought much this last fortnight, so it's not been as positive as it could be.

That said I have added the TopCashBack* toolbar to chrome and I've started trying to dig out all the vouchers I've accumulated across the year, ready for Christmas shopping.

Pennies Falling into a Piggy Bank

Final Thoughts.

I think for me this challenge has been a success, I have visible savings already.

While I also have things to keep working on. As well as ideas to help expand my saving channels as time goes on.

When it comes to what I am going to do with those pennies, I think I will definitely be looking to place them into something like a Stocks & Shares ISA.

Something which will allow me and push me to save long term, due to the rewards it offers.

Have you been taking part in the summer savings challenge, or been doing a savings challenge all of your own, how have you done?

 

 

 

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This article has 96 comments

  1. Gavin

    This is great!! A lot of them is what I do already – don’t forget buying a food saver vac pack 🤘🤘. It’s amazing the amount you can save when you look at the little things in your daily routine

  2. Vikrant Nimbalkar

    It is very helpful. Now i m accepting this summer challenge.

  3. Nabanita Dhar

    No challenge but I do try to save as much as I can every month but sadly this month I haven’t been able to due to it being a festival and travel kind of month!

  4. Joan Cajic

    This is something I could do and I don’t mind trying it out. Saving is always a great thing to do.

  5. Louise Joy

    This is super helpful. I use cash back websites and an app called Chip which stores money aside for you without you even realizing it! I’ve saved sooo much since installing it x

  6. Iva.Sylva

    Interesting post I learned a lot, I just put my foot down now and insisted my kid turned my lights off, although my kid is responsible for keeping the lights on. Thank you.

  7. Kumamonjeng

    Glad to have picked up few of the tips you shared here in order to save money. I like car sharing with friend or work colleagues as it will also do the environment good.

  8. Candy

    All of us need to stop and see where we can save money. We are down sizing the tv package. Big savings.

  9. Dalene Ekirapa

    With such great steps to more saving, I’m certain that you did save a lot especially when it comes to buying only want is necessary and also buying on sale.

  10. Jeanette

    It sounds like you are on the right track to save more money! I do a lot of stuff to try to save as much money as I can, but you have a few more ideas than what I thought of so I think I might try a few of your suggestions.

  11. robin rue

    I try so hard to save and every time I get ahead, something comes up. I feel like I just can’t win.

  12. Glenda Cates

    Congrats on the savings and I wish I had knew about the challenge as I would have joined in. But like you said we can do it at any time and with the Holidays around the corner now is the perfect time to get started.

  13. Amee

    Thanks for the tips. I love savings challenge and we encourage our kids to do it as well. They also do savings challenge for things they want to purchase or if we’re going on a trip and they want some travel money for souvenirs etc.

  14. Farrah Less

    Majority of your list what I practice doing. For example carpooling with my husband to go to work everyday since we both working at the same time. We also bring our own lunch to make sure we stay in our diet. Aside from that we cancel our cable years ago not only to save up money also to give us reason to go outside and more active.

  15. Anonymous

    We have done some of the things you mentioned. We are saving more than a hundred on cable (we cut the plug) and also saved on cell phone by switching.

  16. Patricia-Ann Que

    great tips and it is always the small things the pile up! mine is the daily visit to starbucks, cutting that out save me a lot

  17. Brittany

    That sounds like a great challenge! I’m glad it was a success for you! Thanks for sharing your journey.

  18. Melissa Chapman

    These are great tips that I know my husband would love, he is the switch turner off in our house. Keeping the cable bill to a minimum usually makes so much sense.

  19. Monidipa Dutta

    Saving money can help you become financially secure and provide a safety net in case of an emergency. Here are a few reasons why we save: Emergency cushion – This could be any number of things: a new roof for your house, out-of-pocket medical expenses, or sudden loss of income.

  20. Nina

    These are all great ways to save. I do find that a gym membership helps me to actually work out. However with YouTube, there really is a lot out there on the Internet.

  21. What Corinne Did

    I have not been very good at saving this summer but sounds like you nailed it! These are great tips to get better at saving!

  22. Fran

    This is such a great post filled with great tips to save a ton of cash! I struggle to keep tracks on monthly direct debit of apps that don’t seem like much but all added up make a lot of money.

  23. Jenn@Engineermommy

    These are great tips to save money. Last year, we cut our cable bill by switching to Roku and Sling. Saves us so much money!

  24. Tara Pittman

    As I tell my kids, the little things add up. So keep up the good work on saving.

  25. Treasure Every Moment

    Wow £50 a month is impressive, especially just from cancelling subscriptions. I must look into ours tonight 🙂

  26. Olivia Jade

    It’s worth doing! It’s great what different cutting down on something can make in your life 🙂 x

  27. Scott Gombar

    Sounds like you did well over the summer. We cut the cord completely and just use Hulu and Netflix…that’s almost $100/month in savings.

    • Sarah-Louise Bailey

      That can make such a difference, I think so many people are going to ondemand only, of course over here it saves you your TV license costs too as long as you don’t watch BBC on demand.

  28. Tasheena

    I love the concept of the Summer Savings Challenge. I have to get better at not wasting food and using what I have on hand.

  29. Sue Reddel

    I think you hit on the biggest point which is just keeping at it. Not getting overwhelmed and knowing that every little bit you save helps in the end.

  30. Lili Mila

    This is awesome. I definitely accept this challenge. I already do most of these but it wouldn’t hurt to do them again.

  31. Terri Steffes

    I just purchased Hulu with local channels and sports and saved $50 a month on my TV bill. I am so excited about it!

  32. ricci

    Sounds like you have some great ideas on saving money adn did pretty great at following your plan! Great job!!

  33. Cris

    These are some great tips, and I should definitely start following them. All those little things tend to gather up, and we don’t always see them!

  34. Lisa Favre

    I need to do this all year round! I’ve been spending way more money than I’ve actually wanted to and one of the things I should practice is researching a product more before purchasing – like couponing! You’re so right.

  35. Joanna

    I should start looking into my subscriptions as well, I bet I could save some money by cancelling some of them that I don’t use anymore. It’s funny how these tiny things can save so much money!

  36. Anosa Malanga

    I have to take note of your techniques and tips. Definitely time to revisit all my expenses and see what should be taken out to save more and lessen expenses.

  37. Lynne Harper

    I could really do with implementing some of these ideas myself 🙂 I much prefer saving for things and by making small changes it isn’t as difficult as you would think

  38. Elizabeth

    Fantastic! It just goes to show that saving a few pennies here and there doesn’t have to be difficult. I’ll have to give this a go too!

  39. Traci

    A wonderful list of ways to save.
    My husband always tells me, “it all adds up!” ..because I’m the one that says “it’s fine it’s only $20” lol but I’m to realize that over time those small purchases or things you can cancel make a huge difference!

  40. Kathy

    Sounds like you have been doing pretty well. Every little thing really does add up. It’s amazing what you can save when you cut things out.

  41. Rachael

    Congratulations on your £50 saved so quickly! I definitely need to sort out my subscriptions! You’ve just reminded my I have a PlayStation store one to cancel!

  42. Kathryn at QuestFor47

    Congratulations on successfully finishing your challenge! Summers are great times for challenges like this, because you have so much more free time to remember to include them into your routine!

  43. Rachel

    We just canceled subscriptions. I had this realization of just how much we were paying every month in little chunks and it really added up.

  44. Acupofassamtea

    Saving is always great then later sorry. Wow, summer saving challenge sounds cool.

  45. Devyani Ray

    Love the tips! Especially freezing food for longer. I end up throwing so much food away and hate it.

  46. Laura Findlay

    This is a great idea. Well done on saving, it all adds up x

  47. LiveLoveAndAdventure

    These are all such good ideas! Simple things but some that we just forget about! I started a challenge with my electric company to use less power and so far it seems to be saving me some money!

  48. Karen Morse

    That’s awesome, it’s feels amazing to be able to save up. You’ll feel more accomplished and content as well. Keep going, these are great tips for others!

  49. Pradnya

    Having been through financially tough times, savings are very important to me. Other than the points mentioned by you, I also invest in SIP

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