10 Easy Tips for Saving Money Every Day


Most of us could do with having a little extra money at the end of the month, especially in the current economic uncertainties. Here are a few tips from allthelenders on how tiny money-saving strategies can build up.

1. Educate Yourself Financially

Of all the things we learn at school, managing our finances isn’t one. Reading up on personal finance will help you understand what you’re doing right and wrong.

2. Set Realistic Goals

You may want “some money over” at the end of the month, but what are you saving for? Setting realistic goals will help you clarify what you need to save each month, and reviewing them weekly will help keep you on track.

3. Make Lunch Instead of Buying It

It’s easier to pop out to a café at lunchtime or buy a sandwich at the supermarket, but if you get into the habit of making something to take for lunch, it will cost a fraction of what you’re spending.

4. Walk Whenever Possible

Do you use the car to go to the local shops, or take a bus for two stops? Both cost you money, and if you walk instead you’ll not only save but also be healthier.

5. Buy Better, Not More

It may be counter-intuitive, but buying more expensive, higher-quality items can sometimes save money in the long run. This is because they’re better quality and either last longer or go further.

6. Avoid Pay & Display Car Parks

We tend to overestimate how long we’ll need when paying. Where possible, find a pay-on-exit car park and only pay for the time you’ve used — or, better still, look around for free parking options.

7. Think Before You Click

Buying online is great but does tend to encourage impulse buying. If you see something you want online, give yourself a set time-out to think about whether you really do need this item.

8. Look for Cheaper Leisure Activities

Some leisure activities are going to be expensive, of course, but if you’re looking for something to do in the evenings or at the weekend, there are plenty of free or cheap options.

9. Don’t Keep Up With the Joneses

Your financial situation is your own and has no connection with how anyone else lives. Concentrate on what you need, not what your neighbour has — let alone the latest celebrity on TV.

10. Be Careful With Borrowing

As far as possible, live within your means, but if you need to borrow make sure you get the best possible terms. If you need help with this, contact us for advice.