Easy Ways to Save Money

Saving money does not mean we have to have a lower quality lifestyle. Often money is spent on inessential items. Here are a few tips to save money the easy way.

1. Getting Fit Need Not be Expensive.

Unfortunately losing weight and getting fit is not just a matter of paying £40 a month to join a local gym. Make sure you will regularly go before signing a contract. Many people pay up for a year, and then realise that they don’t actually want to go. Also, If you enjoy running on a treadmill you will probably enjoy running around a nice park - and you don’t have to pay for the privilege.

2. Phone Costs

If you pay a high rent for your landline, but rarely use it for calls consider getting rid of it completely and just use a mobile. For long distance calls you can use an internet phone service like Skype. Saving on your landline rent can be worth upto £150 a year.

3. Mobile Phone Costs

Make sure you get the right pricing plan. If the contract is £30 a month, but you rarely use it you would be much better off with pay as you go. If you still have a landline, it is probably cheaper to ring other mobile numbers from that rather than your mobile.

4. Internet Provider.

There is increasing competition in the provision of internet. Make sure you don’t get tied in to an uncompetitive deal. Many companies are now offering a combination of services - phone, internet and TV. If you use all three services this can be a good way to reduce your total bills.

5. Re Mortgage.

Never forget to look at your most expensive bills first. You should start looking into remortgaging 3 months before your introductory period ends. It is expensive to remain on the lenders highest rate for even just one month.

6. Get Rid of What you Don’t need

I was paying for cable TV for several months without really thinking about it. In reality I spent most of the time flicking through channels trying to avoid adverts. I cancelled my subscription and instead subscribed to a DVD through the post scheme. This means I get to watch what I want, and save money.

7.  Avoid Impulsive Spending.

It is easy to buy things on the spur of the moment but then later realise we don’t actually need them. This is especially true when we go on holiday. But, just because we are on holiday doesn’t mean we should buy things we don’t really need or want. Tips to avoid overspending.

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• Carnival of Debt Reduction highlighted an article on  “Top 10 Tips for reducing and eliminating debt” - Thanks to Mr Credit Card