Money Saving Tips

[john jako]

Do not do crypto.

Don’t you dare tag them bozos in here

 

[Lobster Johnson]

Pre game with purple tin before you go out

 

[PhilM]

1. Set up a savings account.

2. Set up a direct debit so that a fixed amount goes in to the savings account each month

3. When you go out, only take cash. Once it's gone, go home

4. Whilst you are in this frame of mind, check up on the state of your pension. Now is your time to sort this out.

5. Be a bit more boring, like me (or differently boring, preferably) ...

All this.

At the moment, Chase are doing an instant access savings account which gives 1.5% AER. Direct debit the money over at the start of the month.

I put a few hundred a month away, which I try not to touch apart from at Christmas and say extra spends on holiday. It’s the rainy day fund etc.

 

[Alanbileysfeathercut]

Will power.
If you want to,you will .

 

[peteblue]

I've never been good with money myself and it's my biggest annoyance since I'm so painfully aware. It comes in, it goes out. I'm looking to see if anyone has any tips or advice on how to change that? I've rented a house since I was 20 (30 now), somehow didn't save up during lockdowns and am now thinking I'll be some yank renting for life.

Outside of essential bills like rent, council tax, the car rental I'm stuck into etc. I've quit things I didn't even realise I was still paying for (NowTV you [Poor language removed]). I get paid a pretty decent amount every week but have zero savings and never have much money. My largest outgoing this Summer has been the endless 30th booze tours and meals etc. where I regularly spend in the hundreds on the night out.

I'd ask Martin Lewis but he annoys me.

As discussed in another part of the site, it’s all about priorities and what you really want. House rental and car rental is wasted money tbh. On the plus side you will probably have a good credit score. Have a word with a Building society or your own bank to find out what would be possible in terms of a house loan/deposit etc. Get rid of the car and buy a cheap motorbike/scooter. Stop spending hundreds on night outs, don’t do holidays, and put every single penny you can muster into a building society or bank saving account. Think real austerity for two years. You might be surprised at how quickly it can build up…

Then there is change jobs or talk to your boss about a pay rise/overtime etc etc, then take an evening job….

 

[degsy]

1. Set up a savings account.

2. Set up a direct debit so that a fixed amount goes in to the savings account each month

3. When you go out, only take cash. Once it's gone, go home

4. Whilst you are in this frame of mind, check up on the state of your pension. Now is your time to sort this out.

5. Be a bit more boring, like me (or differently boring, preferably) ...

At the Micro end of things, any stuff that you use regularly that wont go off in a hurry, if at all...like deodorants...when it's on special - stock up

 

[nsno-chris]

Only pay the brass for a BJ; no need to go full hog when the outcome is the same

 

[coollino]

never pay for the 2nd or 3rd cheapest item on self scan tills. (when buying a minimum of 5 items)

 

[chicoazul]

If you can’t get the wages v living costs you need them considering mobilising to wherever you can get them mate. Also a spell in someone else’s country is a great life experience should that be abroad. Places like Saudi and Qatar are paying top wedge for attainable roles. A few years doing that and you return with money and a more desirable CV.

 

[COYBL25]

Grow your own weed, it’s made Joey a very rich man.

 

[trueblue84]

Go the Lisbon and sell your bum for cash.

 

[Nymzee]

If you can’t get the wages v living costs you need them considering mobilising to wherever you can get them mate. Also a spell in someone else’s country is a great life experience should that be abroad. Places like Saudi and Qatar are paying top wedge for attainable roles. A few years doing that and you return with money and a more desirable CV.

Also sans head.

 

[Sweeneytoad]

I bought my own house in my twenties, two years ago. Not earning the greatest amount of money either ~30k but it is possible to do. For about 8 years I was living at home whilst working and putting a tidy sum away each month. I guess it was easier for me to save, because I never had much money growing up and my hobbies were all relatively cheap; gym membership, xbox live, Season ticket etc. Learning to say no to mates wanting to go out etc and getting over FOMO ( which is real btw) will help to save a few bob too.

I should also mention that I drive a 2005 car, but have a 3 bedroom house in a nice quiet area, so I guess it's all about prioritising, whats more important? I could be driving around in a leased 22 plate Mercedes if I wanted, but I'd rather spend that money on proper investments.

 

[GrandOldTeam]

I've never been good with money myself and it's my biggest annoyance since I'm so painfully aware. It comes in, it goes out. I'm looking to see if anyone has any tips or advice on how to change that? I've rented a house since I was 20 (30 now), somehow didn't save up during lockdowns and am now thinking I'll be some yank renting for life.

Outside of essential bills like rent, council tax, the car rental I'm stuck into etc. I've quit things I didn't even realise I was still paying for (NowTV you [Poor language removed]). I get paid a pretty decent amount every week but have zero savings and never have much money. My largest outgoing this Summer has been the endless 30th booze tours and meals etc. where I regularly spend in the hundreds on the night out.

I'd ask Martin Lewis but he annoys me.

Batch cook.

 

[Nymzee]

Batch cook.

I have binned off my weekly £40 Domino's order for sure. I've eaten veg chilli every night this week like a champ.