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Top 10 tips for saving money

Top 10 tips for saving money

If one thing’s for sure during these crazy, uncertain times, it’s that we could all benefit from saving a few pennies and making our money stretch as far as possible.

But the best bit is that saving money doesn’t have to be a big hardship, and you don’t have to drastically change your lifestyle to start reaping the benefits. As the saying goes, ‘it’s the little things that make the difference’, and they really do, you just need to think outside the box!

We’re sharing our top 10 tips to help you save money in your household, to ease the pressure a little.

1. Cancel Sky Sports

You might not like to hear this, but with no sport being broadcast at the moment, continuing to pay for your Sky Sports package is just money down the drain. You can cancel it really easily via the My Sky app. Similarly, are there any other TV subscriptions you could do without right now? Do you really need Netflix, Now TV and Amazon Prime?

2. Freeze gym membership

With all gyms (private and leisure centre ones) now closed, you should enquire about freezing your membership until further notice. To stay fit and active, you could create a home gym instead. Make use of things you have around the house rather than splashing out on expensive equipment. YouTube is a great place to go to for home workout inspiration.

3. Supermarkets own brands - don’t diss them till you try them!

Whilst you might be the biggest lover of Heinz, it’s time to give the supermarkets own brand a go - and you never know, you might be pleasantly surprised. You could even have a bit of fun with it and do a blindfolded taste test and see if you can catch each other out!

4. Ditch the car

With most of us now spending the majority of time indoors, try to seek out any opportunity to stretch your legs and get walking. Leave the car at home and walk to the shops instead. Carrying your shopping bags back will definitely get the heart rate up and count towards your daily hour of exercise - who needs dumbbells, eh?

5. Clear your direct debits

Make a list of all the direct debits you pay out each month. Obviously there will be ones that you have to keep, but put a mark next to the ones that are ‘nice to haves’. Question whether you really need that magazine subscription to Ideal Homes right now.

6. Get savvy with food

An average household wastes around £500 a year on food and drink*. This is a huge amount of money that we’d all rather have in our own pockets right now, so let’s do something about it.

Meal plan

Only buy the ingredients that you need to cook your planned meals for the week or fortnight. This should cut down on a considerable amount of waste straight away.

Batch cooking

Cook big batches and freeze portions. This is great if you have veg or meat that needs to be used up, and is also really convenient for those days when you can’t be bothered to cook anything - just go to your freezer and take out a portion for that day.

Buy frozen

If you have the freezer space, try to opt for as much frozen fruit and veg as possible. They’re just as nutritious as fresh but will last much longer - did you know you can buy frozen, and ready chopped, peppers, onion, spinach?

7. Grow own vegetables and herbs

Although this isn’t a quick win, growing your own vegetables and herbs in your back garden is an incredibly satisfying exercise to do. There’s nothing quite like sitting down to eat a meal that you’ve produced with your own two hands, from scratch! It’s also a nice activity to do with the kids, and can be educational too.

8. Save money on energy bills

It’s easy to stick with the same provider and not realise that there are cheaper deals to be had. But with Look After My Bills, it’s really quick and easy to see if you could save money by switching your energy providers.

9. New love for old clothes

Rather than buying new clothes, reignite your love for old clothes that you’ve forgotten about. Dig deep to the back of your wardrobe and experiment with new styles. Get creative, try bright colours, clashing patterns, the lot! No one’s going to judge you in the comfort of your own home and it can feel quite liberating.

10. Cashback credit card rewards

If you use a credit card regularly, and responsibly, it’s worth getting one that you can earn cashback rewards on, as this is essentially free money for using their credit cards, so why not?


Mortgage advice

For further support with managing your finances, including your mortgage, please don’t hesitate to get in touch with our friendly team.

We can review your mortgage and make sure you aren’t paying any more than you need too.

 

*http://www.wrap.org.uk/content/all-sectors

Call us on 07590 582384 & 07703 791722

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Have you heard... We won!

Welcome to Whiteoak Mortgages Ltd, an award-winning, Worcester based company specialising in Mortgage and Protection advice. We are a husband and wife team, both fully qualified Mortgage & Protection Advisers, and we would be delighted to find you a competitive deal on your new or remortgage. We are also able to offer expert advice on many other types of mortgage schemes available today, like fixed equity, help to buy, shared ownership etc. If you are a landlord, why not ensure you are making the most out of your properties and portfolio by reviewing your buy to let mortgages to ensure you are on a competitive rate. We can also arrange a quotation or review on your Life, Critical illness and Income Protection Insurance position, as well as your Buildings and Contents Insurance. For insurance business we offer products from a choice of insurers.

It’s often said that buying a home is the single biggest purchase you will make in your lifetime. It can also be the most stressful. How can you be sure you have the most suitable mortgage to suit your needs? Where do you start with all the paperwork? This is where we can help, with access to over 12000 competitive mortgage products from 90 lenders. We will work hard to match you to the most appropriate mortgage that suits your personal situation. We will then do all the paperwork, including the full application and chase it through to completion, leaving you more time to concentrate on other things.

Life Insurance & Income Protection are often overlooked or not prioritised. At Whiteoak Mortgages, we believe matching you with a competitive mortgage deal is only half the job. Equally important is to make sure you are best protected to KEEP you in your home! It’s so important to ensure you financially protect yourself and your loved ones in the event of the worst happening. We can put all this in place for you using our panel of carefully selected, Defaqto 5* rated providers, giving you peace of mind for your future and that of your family.

We can also look at your building and contents insurance for you, finding you a great deal using our selected panel of well-known insurance providers.

All our insurance products are 5* Defaqto rated. For more information on what that means for you, take a look at www.defaqto.com

If you need the services of a solicitor with your transaction, again, we can help you. With access to a panel of solicitors we can get you a full quotation in minutes.  

We can meet with you at a time convenient to you, at our office, in the comfort of your own home, on the phone or even by video call if preferred. And the best thing is our initial meetings won't cost you a penny. At our first meeting, we will carry out a full fact find to gather all the information we need. We then go away and research all the options available based on your unique position and requirements. We will then meet up again with you and present our recommendations to you. Only if you decide you want us to apply for a mortgage will you pay an application fee. We do not charge a fee for protection advice. So whether you want Mortgage Advice, Life Insurance advice, Buildings & Contents Insurance advice, or all three, Whiteoak Mortgages would be delighted to help.

Please contact us on 07590 582384 (Jo) or 07703 791722 (Steve), email us using info@whiteoakmortgages.co.uk or use the Contact Us page to make an appointment.

We look forward to meeting with you.

Jo & Steve.

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Because we play by the book we want to tell you that…

Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.

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