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New Ideas to save money

idlewis
Grafter
Posts: 245
Registered: 20-01-2010

New Ideas to save money

Hi
I want to ask what tips are out there to save you money.  With the budget cuts looming, it means that pay and benefits are either cut, frozen or not going up much while private utility companies can raise their prices as much as they can eg. Sky.  Very soon we will not be able to afford paying for essentials unless we cut out things that we enjoy like football matches or travelling to see your friends and family. 
What companies out there eg. Gas, electricity etc that you reccommend to other people to go for to save money.
39 REPLIES
Community Veteran
Posts: 16,825
Thanks: 1,115
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Registered: 06-11-2007

Re: New Ideas to save money

Depending on the amount...... wash up once a day,..... use cold water, with a dash of bleach in and small squirt of washing up liquid.
If on Economy 7 or similar "overnight" cheap electricity.... program your washing machine to work during those hours when it is cheapest.
Use the "open air" to dry your washing, instead of a tumble drier..... (use that at night time )
check out the " reduced for quick sale" items at your supermarket...
Turn all equipment off "at the mains plug", rather than leave on standby
nadger
Rising Star
Posts: 4,498
Thanks: 46
Registered: 13-04-2007

Re: New Ideas to save money

We really take advantage of the BOGOF offers at our local supermarkets ( Tesco & Morrisons) especially on things like coffee ( Gold Blend) and tea bags.
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Re: New Ideas to save money

I agree with the BOGOFs if they are something that you use anyway.
On the subject of supermarkets I understand that there is an awful lot of food waste going on as people buy too much and it deteriorates.
I would say take a list and stick to it. Buying large packs might seem cheaper but not so if you do not need the extra or it gets
chucked anyway.
At my local supermarket I see a large amount of 'empty calorie' food going through the checkouts e.g. crisps, cake, biscuits and what-have-you.
For the large part people don't actually need this stuff so not sure why such quantities are required.
Cleaning materials are another thing that money is wasted on. You actually need very little. I don't buy polish but damp dust furniture etc.
If I need a detergent I have just one - a lemony Morrisons own brand. Don't use disinfectant routinely but a dash of bleach in the loo is applied daily.
From what I have read people only use a very small percentage of the clothes that they have in their wardrobes so it probably pays not to go shopping in clothes stores unless you actually need something.  These days things last a long time so if I catch myself fancying something I always ask myself that question and the answer is usually 'no'.
Netto and Lidl are a lot cheaper but taking into account petrol costs not so if you have to travel.
I think that these days it is harder for younger folk to economize as we older ones were brought up in more austere times.
Throw away and buy again seems to be the mantra these days. 
Community Veteran
Posts: 1,850
Registered: 11-08-2007

Re: New Ideas to save money

don't know about netto, but i've found it's necessary to be vigilant in lidl.  too much of their stuff is sub-standard and quite a lot uses hydrogenated fats in the making - that's about to be banned.  i'd rather pay a little more for less of much better quality.
Community Veteran
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Registered: 02-02-2008

Re: New Ideas to save money

Quote from: poppy
I would say take a list and stick to it.

We also have a NOT section on our kitchen shopping chalk-board.
My other half tends to buy the same sort of things most weeks so that's a good way of saying - we've got plenty of that already.
And calling in at the supermarket early Saturday evening can be quite productive on the "final reduction to clear" front with sell-by dates running out.
I (not the OH sadly who likes to keep a good stock level) also tend only to buy something once we've actually run out; most things have an alternative or you can do without for a while.
(OK maybe not bog roll  Grin )
Also, when cooking, have a look at what you've got, especially what's threatening to go off/stale, and "use it up". Saves waste.
nadger
Rising Star
Posts: 4,498
Thanks: 46
Registered: 13-04-2007

Re: New Ideas to save money

We don't use either Netto or Lidl but have an Aldi and Tesco just over a mile away - Morrisons is about 2 miles.
Having used Aldi for over 10 years we know which products to buy and have never had any quality problems.
We waste very little food and get horrified by some of the waste we see on TV when families are having a financial check.
There are only two of us and we should, after 45 years, have a fair idea of each others appetite.
As an example we'll spit roast a chicken ( 3 for £10) on Saturday of Bank Holiday weekend and get three meals from that - what we'll have with the chicken will depend on the weather.
smiffyb36
Grafter
Posts: 81
Registered: 11-05-2010

Re: New Ideas to save money

Changing Gas and Electric to an online tariff will save! There are specialist packages out there not featured on lots of comparison sites, which if researched can provide a bargain. I switched to i think it was called online saver 5 through BG and saved over 300 quid a year! Onhline and direct debit seems to offer best savings.
magnetism2772
Grafter
Posts: 983
Registered: 06-06-2010

Re: New Ideas to save money

use your local farm shop if you have one, to buy fresh ,  their cheaper on fruits like strawberries, cherries , yum - yum, and  lots of the vegetables
a good tip , is to shop around the different supermarkets, and dont just buy in one, I've  found stuff on big name supermarkets more expensive than buying in competing smaller shops in town  and at other  supermarkets.
supermarkets are greedy, branded sweets are almost always dearer by a few pence than you can from sweet shops(perhaps they know you take your children shopping too)
UK Tesco's is expensive  so I  dont shop there , Keep out of super markets' like  the co-operative  , their really expensive... but good quality food although .
buy from stores like those where you can see everything costs a £1 f you have them near about you
dont buy from shops at petrol filling stations
dont use your car if you don't need too, petrol is too expensive, got a big car ? if you have then buy a much smaller car that is economic   on petrol  , government road  tax on many of these low carbon green cars is only about £35 a year and these small cars are cheaper to insure as well.
dont buy expensive takeaway foods , or eat out in restaurants unless its a special occasion ,  cook your own food at home
buy green energy light bulbs, dont leave them on  downstairs if your upstairs and turn the tv off don't have it sitting in standby
claim for all entitlements, sell off any gold you don't want now the price of gold is so high right now
Buy cheap bargains from ebay, like books, casual wear , house hold items  and personal items  etc
Just take the money you think you will need and not all the money you have in the house when you go out to the shops
When you go out shopping if you take loads of money with you, you will surely spend it and come back home with just silver and coppers
best advice, i can give you is, you should know what necessities you need to buy , ie food, and clothing  the rest  being considered  luxuries
just remember what it is like when you have no money, no one will give you any
unless its an emergency  banks will rob you if ever loan cash from them .
stay away from borrowers and credit cards
and the last thing for now is dont keep changing the sofa because the colour no longer matches something else
oh !! dont watch tv adverts
looks  like its a list  of all dont's  with  just a few do's
buy insurance on the internet , to keep  from paying  a high st middle man
and start to shop on the net
some say go onto a water meter for the water piped into your home if you dont use much of it
there's much more
Community Veteran
Posts: 6,584
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Registered: 16-02-2009

Re: New Ideas to save money

I agree with most of what has been said above, being long term unemployed and having to live on almost better off on benefits level (if my wife was to quit working her 20hrs a week we would be £20/week worse off  on benefits, but now all we get is council tax credit Crazy)
Investigate alternatives, e.g. if you always buy a big brand biscuit then try the stores own brand or value ones, I love the Dark Chocolate digestives, the Aldi ones at 59p are great better than the Cadbury ones at 2x the price.
I have had to drop things like magazine subs and membership of various bodies (like the IAM  Cry), shop around for insurance and check out the cash back sites like topcashback and quidco.
If you are on a lowish income <£16k investigate tax credits.
WRT washing powder/soap/detergent look at what is on offer or shops own brand. Often you can get branded cheaper than the own brand.
If possible buy in bulk, e.g. 3 chickens or mixed meat for £10. And separate and freeze the unused stuff. I bag mince/steak into 8-9oz packets for making into chili etc (enough for the 2 of us). A chicken when roasted gives one meal, then use the bones and left over meat to make soup and freeze any left over meat or use it for sandwiches instead of buying ready made.
Just remember not to re-freeze meat that hasn't been cooked after thawing, i.e. uncooked->freeze->cook->re-freeze is ok but un/cooked->freeze->->re-freeze isn't.

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Re: New Ideas to save money

Looking back, the thing that has saved me most money is giving up my car. We had to run two cars when I was working and this carried on out of habit for quite a while afterwards.  Now we just run one car and seem to manage OK - must have saved me thousands in depreciation alone. 
I know of older people who are not so confident in their driving so only use the car to travel locally - might be cheaper using a taxi once a week.
nadger
Rising Star
Posts: 4,498
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Registered: 13-04-2007

Re: New Ideas to save money

Quote from: Hairy
Investigate alternatives, e.g. if you always buy a big brand biscuit then try the stores own brand or value ones, I love the Dark Chocolate digestives, the Aldi ones at 59p are great better than the Cadbury ones at 2x the price.
Just munched last two in the Belmont ( Aldi) pack whilst reading thread so must get new pack from cupboard  Wink I also like Jaffa cakes and Belmont ones are fine.
Can't agree with HPsauce about only buying things when one runs out. We buy regular items when they are on offer and keep reasonable stock levels ( coffee, tea bags, soap powder etc) so as not to be forced to pay the price of the day.
I rarely carry cash and use, where possible, a credit card with DD set up to clear balance in full each month.
When I bought my last car, 4 years ago, I bought a then unfashionable brand on eBay. My 02 Kia Rio LX cost me £1650 with FSH, original receipt etc etc. There is a dealer 3 miles away but my friendly local garage have no trouble servicing it.
This year it only cost me MOT charge as no work was needed.
As is popular on this forum use Freeview or Freesat and avoid Sky like the plague.
I quite agree about dealing online with Gas & Electric. In 2005 I signed up for Gas 2010 and the current prices came as rather a shock  Sad
Community Veteran
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Registered: 10-08-2007

Re: New Ideas to save money

When out shopping and I pick something up to buy I ask myself "do I really need this"
Most times I put it back and walk away.
Works for me, just need to get SWMBO trained into the same mind set
Community Veteran
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Registered: 02-02-2008

Re: New Ideas to save money

Quote from: nadger
Can't agree with HPsauce

Is that on principle?  Grin
Obviously I don't do that (only buying things when one runs out) religiously or illogically, and I'm mainly talking about perishable or short-life stuff. Cool
And if I see a "bargain" that is something we normally have and use regularly then yes of course I'll do a bit of bulk buying.
But tastes (and prices) do change and even long-life stuff degrades; I'm always amazed at the amount of food we have that's been overlooked despite my best efforts at "stock rotation".  Cry
And talk to a warehouse manager about the hidden costs of holding too much stock.  Lips are sealed
nadger
Rising Star
Posts: 4,498
Thanks: 46
Registered: 13-04-2007

Re: New Ideas to save money

Quote from: HPsauce
Is that on principle?  Grin
Well I am a ketchup man  Wink