The financial crisis has affected many people across the world. With job cuts and wages being frozen, public services are also being cut as well by local governments. As the UK is experiencing its longest double dip recession in a generation, you should try to save as much money as possible. Here are a few ideas which could be used in order to save money.
Create a budget
Although it can be a laborious task, you should create a budget which details the amount of money which will be spent every week or month. If the amount of spare capital which you have is less than what you had several months ago, you need to spend within your means.
It can be very easy to create a budget – all you need to do is write down every expenditure which has to be paid every month e.g. utility bills, mortgage payments, rent. The money which has been spent previously should also be considered too and you can determine where money is being wasted. When you stop paying for items that you don’t need, it can be used to pay for something else which you actually require.
Go elsewhere for your groceries
You might normally shop at one of the larger supermarkets. Tesco, Asda and Morrisons are very popular supermarkets and regularly have offers which aim to help shoppers with spending as little money as possible on their weekly shopping bill. There are other supermarkets in the UK which are far cheaper.
Aldi and Lidl mainly stock brands which aren’t well-known but are considerably cheaper. Many shoppers have a close connection to leading brands but the cost of buying them can be very high when compared to a brand which is not widely recognised. For example, a tin of beans which is bought in Aldi will look and taste just the same as a leading brand.
The fruit and vegetables at Aldi are significantly cheaper than what other supermarkets charge. Even when Tesco and Asda have reduced the price of their goods, what has to be paid is still more expensive. Some critics believe that Aldi and Lidl sell fruits and vegetables at a lower price because they tend to sell British produce which is irregularly shaped – Tesco and Asda are notorious for rejecting fruit and vegetables which are not a particular size. When shopping at Aldi and Lidl, a small fortune can be saved.
Reconsider your means of travel
If you use a car every day, the total amount of money which is spent on petrol can be considerable. Although having the use of a car is vital in some situations, there are many instances when you are driving it unnecessarily. If you only work a mile away from where you live, do you have to use your car? Public transport could be used instead or you may decide to walk to work. If you work several miles away from where you live, you could cycle there instead. Not only will you save a lot of money but you can improve your physical fitness as well.
Do you need a TV licence?
It is not compulsory for every person who views television programmes to have a TV licence. You only need a TV licence if you watch programmes live. If you view your favourite show on your laptop using the BBC iPlayer or 4oD after it’s been televised and never when it is being shown live, you don’t need to have a television license at all. Although the cost of a TV licence is currently frozen at £145.50 for a colour television and £49.00 for a black and white television, it is still money which doesn’t have to be spent. Radio is different because a licence is not needed at all in order to enjoy this popular medium.
By rethinking how you spend your money, you can save a significant amount of money during a recession.
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