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Five money saving tips: Cut your food and phone bills

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  • June 10, 2022June 10, 2022

The price of dwelling squeeze is biting onerous. However that does not imply there aren’t easy suggestions and tips to assist navigate your manner round it.

Every Friday, one among our professional crew of non-public finance journalists round-up 5 suggestions we expect are value noting that may go just a little approach to serving to you lower your expenses, or become profitable within the midst of sky-high inflation and rocketing payments.

This week, it encompasses a approach to reduce down in your month-to-month meals store, lower your expenses in your telephone invoice and make some cash by renting your unused tools.

With inflation hitting meals costs, lower your expenses in your meals store by benefiting from meals waste apps and reductions on grocery apps

1. Benefit from reductions and save on meals payments

Should you’re something like me meals is among the largest outgoings each month and with inflation rocketing it’s only set to change into costlier.

Whereas some huge cash saving suggestions let you know to cut back on spending, chopping out meals isn’t an possibility. However there are methods to get it discounted and free.

I confess, I’m a sucker for fast grocery supply apps. Gorillas, Getir, Gopuff, I’ve acquired all of them. 

There was a lot competitors on this business that they’re consistently battling to retain prospects with reductions and presents.

There are normally introductory presents and you’ll earn cash by referrals. I typically get a share off the invoice and/or free supply too, which implies a £30 meals store prices me simply £10. 

In fact, it isn’t anyplace close to as low cost as shopping for in bulk or going to your native Lidl however it’s a great way to avoid wasting a bit of cash on a small store.

One other manner to economize on meals is to make use of an app like Too Good To Go. It companions with cafes, outlets and eating places which put leftover meals in a bag and promote it at a less expensive value.

So that you get to benefit from the likes of Pret, Costa and Yo Sushi for a fraction of the worth and also you get to really feel worthy since you’re preventing meals waste. A win win.

Phone contracts are pricey so opt for a sim-only contract and rent a phone instead

Cellphone contracts are expensive so go for a sim-only contract and hire a telephone as a substitute 

2. Lower your expenses in your month-to-month telephone invoice

If you wish to maintain updated with the newest iPhone, it could get very expensive. Even with networks providing first rate introductory offers, most of the time you change into locked into 24 month contracts which generally is a actual pressure in your funds.

Getting a sim-only deal and shopping for an previous telephone from someplace like Music Magpie can prevent a major amount of cash. I purchased a telephone for £100 and now solely pay £20 a month for 100gb of knowledge.

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If you’d like a extra updated telephone although you should use a telephone rental service. At MusicMagpie you’ll be able to select both a brand new or refurbished system and a pay a month-to-month price for 12 months.

After a 12 months you’ll be able to keep it up renting the telephone for a less expensive month-to-month price, improve to a brand new mannequin or return the telephone.

Raylo presents an identical service. You possibly can select a brand new or refurbished telephone for 12 or 24 months and on the finish you’ll be able to improve your telephone with a brand new contract, or return the system. There’s additionally an possibility to purchase the system outright.

3. Free e-books and audiobooks

It’s straightforward to solely give attention to chopping issues out of your life once you need to lower your expenses however you need to nonetheless be capable to benefit from the easy issues.

I’m a ebook hoarder. I purchase them and so they sit on my shelf for years. Not solely are the piles and piles of books that don’t match on my shelf an absolute eyesore, it’s an costly behavior.

I began studying on a Kindle just a few years in the past partly for comfort and partly as a result of the books are sometimes lots cheaper than shopping for them in paperback.

Nevertheless I just lately found Libby, a library studying app which helps you to learn and take heed to audiobooks free of charge. It principally brings the general public library into the 21st century.

It’s utterly free with no subscription prices. All you want is a legitimate library card out of your library and as much as 1,000 libraries are partnered with Libby.

The ebook hoarding is unlikely to cease however Libby would possibly assist to curtail the behavior considerably.

Libby lets you listen to audiobooks and read for free by partnering with your local library

Libby allows you to take heed to audiobooks and browse free of charge by partnering together with your native library 

4. Make some cash by renting out your tools

In addition to chopping again in your spending, making a bit of money on the facet can solely be a constructive.

Promoting previous garments and muddle on-line is a technique however what if you happen to may hire out your gadgets as a substitute?

Fats Llama allows you to earn cash on gadgets you don’t use typically by renting them out to folks in your native space. You may get something from a stitching machine to DJ tools.

In my native space I can hire a digital camera for £5 a day, a Segway for £10 and a Campervan for £115. The choices are infinite.

Fats Llama additionally just lately launched a brand new platform which permits prospects to hire from main retailers together with John Lewis, DFS and Sofology.

5. Use round-up pots to avoid wasting additional money

On each my Monzo and Starling accounts I’m in a position to robotically spherical up all of my transactions to the closest pound and put the spare change apart right into a pot.

It’s a small factor however it could add up. I’ve saved £200 simply on rounding all my transactions as much as the closest pound over the previous month, which I can use for both a vacation or, extra realistically, my power payments.

Challenger app Plum presents one thing comparable. Its AI hyperlinks a prospects’ checking account, analyses spending and transfers small sums right into a financial savings pot that pays 0.25 per cent. This core product stays free.

The Plum Plus account offers prospects the chance to speculate for simply £1 a month. Alongside the financial savings options, prospects have entry to Plum’s 12 funding funds in a threat assessed portfolio.

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