Items You are Wasting Your Money On

Did you know that many store brand products are made from the same company that manufactures the name brand?

Don’t Waste Your Money

Money is made to be spent, right? But have you ever purchased something only to realise it was unnecessary? I have! Here are some items that you are wasting your money on. Avoid buying these to reduce your buyers remorse and save some Pounds in the process.

Name Brand Products

Did you know that many store brand products are made from the same company that manufactures the name brand? Not only that, but the store brand products are held to the same standards as their more costly counter parts. Save a little money here and there by purchasing store brand instead of name brand products.

Spoiling Food

Buying too much food, not eating leftovers, and forgetting about food we have all leads to food spoiling. Read these 5 Top Tips for Saving Money on Food to find out what you can do to avoid spoilage, and use what you have.

Late Fees

£2 here and £5 there adds up to a lot of money wasted on late fees. And because of what? Poor budgeting? Poor organisation? Make it a priority to keep track of when bills are due to avoid late fees. If possible, have payments automatically drafted from your account.

Lottery Tickets

Most people think of the lottery as a get rich quick scheme, but that is exactly what it is: a scheme. The only problem is, those getting rich are the ones you are giving your money to. Next time you find yourself ready to purchase a lottery ticket, think about putting that money into savings instead.

Coffee

It’s okay to indulge in that £5 cup of coffee every once in a while, but making it an everyday habit can be the same as throwing money away. Invest in a good brewing system and make your favorite cup of coffee at home.

Bottled Water

Tap water is drinkable. Quit wasting your money on bottled water, especially the more expensive varieties. Get a reusable water bottle and fill it from the tap.

Fast Food

It really is cheaper to buy from the store and cook at home. Having a meal plan helps with this. If you have a plan, then you will be less likely to swing by the drive-thru on your way home.

Mobile Phones

The rate at which some upgrade their mobile devices is astounding. Unless than is an issue affecting the use of your phone, hold off on upgrading. If you use mobile devices, watch out for in-app purchases. These are usually bought to “speed up” game play and are a waste of your money.

Cleaning Products

With cleaning products available for your bathroom, carpet, shower, toilet, sink, furniture, and appliances, it’s no wonder we are spending more money than ever on cleaning supplies. Get more out of your money by sticking to a few basic products that clean a variety of surfaces.

Disposable Paper Products

From napkins to hand towels, these expenses add up. And just think, they are bought just to be thrown away! Why are we buying things just to throw them away? Invest in some quality reusable napkins. They can be used to wipe everything from your hands to your dishes and spills that are a fact of life.

Shipping Fees

If you absolutely cannot wait to get an item, then go ahead and pay the shipping fees, but if you aren’t in a hurry, opt for the cheaper, sometimes free, shipping. It may arrive a day or two later than the fast option, but the money you will have saved is well worth it.

Gym Fees & Supplements

Are you still paying on that gym membership you haven’t used in months? Put that money towards a couple of free weights, and get your heart pumping outside for cardio. With a healthy diet, supplements aren’t needed.

Do you find yourself wasting money on any of these? Don’t wait until your budget starts to suffer to start cutting out these expenses. See how many you can cut out now.

The cap is coming BUT Gas and Electricity Prices are going up again…what can you do?

This April energy suppliers are expected to increase their prices by £117 for 11m customers on default tariffs to a new ceiling of £1,254 a year.

Prices for gas and electricity have been steady increasing over the last 15 years. 

This April energy suppliers are expected to increase their prices by £117 for 11m customers on default tariffs to a new ceiling of £1,254 a year.

The result: for a home with typical use most people will pay more for their electricity and gas than before the Government cap came into play in on 1.1.19.



This April energy suppliers are expected to again increase their prices by £117 for 11m customers on default tariffs to a new ceiling of £1,254 a year.

The result: for a home with typical use most people will pay more for their electricity and gas than before the Government cap came into play in on 1.1.19.

What can you do ?

The first obvious thing is try Switching supplier

Work out what is the most important thing(s) to you: Price , Customer Services, paying by Direct Debit and/ or Green Energy?

Then use your annual consumption to find the best price on the switching

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sites: try at least 2 as none have all the suppliers on the databases. Try at least  uswitch , compare the market and go compare  E

Even Better …

Join a club to switch.  They try and get the energy companies to offer lower prices by buying as a group. 
The next one is on 12 .2.19 ( this Tuesday ), you do not need to live in London  to join  the Big London Switching. 
Local council often organise Big switches : look out in the local press for more opportunities.

And Even Better…

Join the Money Saving Expert Cheap energy club.  You need to register; it is worth it as they often have special deals only open to their members.
Another great feature of the club is that they will keep scanning the market and keep you informed when your current deal no longer is the cheapest. 
We love this feature as it takes the worry and risk of forgetting to regular carry out comparisons and  finding yourself paying too much.
The e mail reminder is just the nudge you need to keep you on your toes.

And Another thing …

Choose the best rating

Don’t forget (when buying new gadgets/ electrical items),  get the best energy saving rating item you can afford.  

Energy saving items save you money and helps reduces global warming increases.

Which appliances cost most and least to run?

Comparison site Energyhelpline reckons

  • A kettle used 10 times a day could cost £69 a year if it’s 3,000W, or £35 if used five times a day,
  • A dishwasher used for one hour could cost £73 or £104 depending on whether it’s 1,050W or 1,500W.
  • An iron used for one hour a week costs £10 or £18 for

Use electricity sparingly: it’s good for your wallet and the planet.

Valentines On a Budget

Thrifty Valentines Tips

How much do you spend on your loved one on Valentine’s Day? Over £100 for a romantic meal in a fancy restaurant? £50 on flowers and choccies? The cost of treating your partner can add up to a small fortune.

As the first post-Christmas commercial fad, the craziness of Valentine’s Day is apparent from as early as mid-January!

Year after year in the lead up to February 14th, couples come under financial, and emotional, pressure to spend a lot of money on that special person in their life, just to impress them. Just when you’ve had enough of spending cash at Christmas time, you’re hit with another seasonal event which can make your heart, and bank balance sink.

But don’t panic! There are ways around spending a fortune this Valentine’s Day without the worry of disappointing your other half!

Ready, Steady…Cook!

Fancy yourself as a top chef? Seen Jamie Oliver on the tele and thought ‘That looks pretty simple!’ Well, the chances are, it probably is – it doesn’t take a naked food minded genius to cook up a tasty, gourmet storm – unless you’re that way inclined of course?

Even if you’re not that confident in the kitchen, it’s at least worth having a go, fully dressed that is – your partner will appreciate the effort in the long term, even if they do end up in A&E with food poisoning.

All it takes is a simple Google search for ‘easy Valentine’s Day recipes’ and you’ll be presented with a wealth of simple to follow home recipes which you don’t need a Michelin star for.

You can get a wide variety of ingredients from around the world at your local supermarket. Fancy a succulent steak perhaps? Ask the butcher for a few tips on what to buy and how to cook it to perfection. Combine that with an easy to make peppercorn sauce, a few triple cooked spuds and a bottle of red and you’re on to a winner – all for a fraction of the price of the restaurant down the road.

Vouch for a code

If you really don’t fancy yourself as a kitchen whizz – going out for a tasty meal might be the best option for you, however you do not have to spend loads!

Keep checking for discounts and offers on voucher sites such as Groupon, you may find the perfect meal deal at a local restaurant – and the best thing is, your partner may never need to know about how much you actually paid.

Top tip. No deals available on Valentine’s Day? Try going a day or two earlier or later and you’ll surely find a tasty dish or two.

Stick to a budget

If you and your partner are feeling the effects of spending money this Valentine’s Day, a good idea is talking to each other about setting a specific budget so that you don’t both go overboard on each other. Even sticking to just £10 each can get you some lovely and acceptable Valentine’s Day gifts such chocolates, wine and a card.

Top Tip. Don’t go searching online for flowers.. after all the packaging and delivery costs added, they can end up costing loads. Head to your local shop or supermarket – you’ll surely find a beautiful bloomy bargain which your other half will adore.

Get Artsy!

Ever baulked at the price of a Valentine’s day card these days? Well, there’s no need to succumb to the pressure to buy a lavish, heart-filled A3 sized piece of card with a generic love poem included which will probably end up in the bin come 17th Feb.

Grab hold of your creative self and save a few pounds by making your own Valentine’s Day card. All it takes is a sprinkle of imagination, a touch of creativity and a quick search for any old card or photos lying around the house and you’re on the way.

Fill the card with personalised words of undying love, maybe in the style of a poem if you’re feeling up to it, and you’ve got yourself a personalised love ticket to your partner’s heart. They’ll be more likely to keep the card forever more, so you’ll know it’s appreciated.

Spend time, not money

Whatever you end up doing with your other half this Valentine’s Day, make sure it doesn’t end up costing you a lot of money – after all, spending time with your special person is priceless, whether it be going for a romantic stroll along the beach or cuddling up with a good film (you’ve probably recorded loads over the Christmas period).

Tips on Switching Utilities


Tips on Switching Utilities


By now you’ve probably heard the message that switching can save you money hundreds of times. But still some people get put off, thinking it’ll be too much hassle and too complicated. But is it?

A survey by comparison site GoCompare has looked at just how easy people find switching, and found home and car insurance the easiest to change, with more than 80% of adults who have switched saying it was easy.
Switching your banking accounts – whether credit card, current account or savings account – were viewed as almost as easy, with around 75% saying it was simple to switch. Positive comments about changing gas and electricity were about the same.
Communications such as broadband, mobile phones and landlines didn’t fare as well, with under 70% feeling it was easy, while mortgages were viewed the most difficult. However, more than half (61%) still said it was easy.
The difficulties with switching
For those that struggled, the survey found a third of people thought it took too long to switch. A quarter also found the process too complicated.
How to switch
The process is different for what you’re trying to switch.
For most, including insurance, credit cards, energy and telecoms, it’s well worth using a comparison site. You’ll be able to filter by the different deals and find what works best for you.
You rarely need to tell your old provider you’re leaving them, but it’s important to check. Some, including insurance policies, may auto-renew if you don’t cancel.
Others, such as most phone and broadband switches, and all energy changes, will talk to your old supplier on your behalf.

Either way it’s worth checking your final bill. It’s possible you could be owed money by your old account and it’s not always sent back to you unless you chase them.
Current accounts are slightly different as you can have more than one account at any time. To take advantage of switching offers you need to make sure your new bank is part of the switching service which guarantees payments will be automatically transferred. You’ll also need to tick a box that says you agree to fully close your old account.
If you want to switch your mortgage, pay attention to the fees and charges with both your old and new lender. You might find it’s actually more expensive to move once these are taken into account. It’s worth talking to a mortgage adviser to help find the best deal for you.

Winter Money Saving Tips

Quick Money Saving Pointers

Winter has now very much arrived, and households across the UK are starting to feel the cold. We want to help you make better decisions about how you spend and manage your money, which is why we’ve put together 15 money saving tips to help you do just that this season. Read on to find out more.

1. Time your heating
Set your heating timer for the hour before you get up so you have toasty toes in the morning, and for an hour in the evening to keep the temperature ticking over through the night.

2. Leave the oven door open
A nifty little trick for an extra blast of warmth without reaching for the thermostat: after you’ve used the oven and switched it off, leave the door open so the excess heat can circulate round the kitchen.

3. Don’t let the draught in
Buy a couple of fun, cheap sausage dog-shaped draught excluders to keep heat inside a room.

4. Fill the kettle with a cup
Save loads of water over the winter season by filling the kettle with just enough to fill a cup. It’s better for the environment and for your wallet.

5. Winter help
If you’ve got someone in your home who was born before 1st June 1952 and receives a state pension, you could be eligible for financial help with your winter energy bills. It’s worth looking into, as grants are available up to £300.

6. Switch off
Easy to say, harder to do! If you switch the lights off every time you leave the room, you can save up to 15% on your energy costs across the year.

7. Candle-lit evenings
Get romantic and light your living room with candles in the evenings. It looks wonderful and saves you money on your lighting bills.

8. Fill your washing machine
Always put a full load into the washing machine, and wash it on a 30 degree cycle to keep costs down.

9. Turn down the thermostat
Even turning your thermostat down by one degree can save you 10% on your heating bills.

10. Turn off standby
Once you get into the habit of doing it, turning off your appliances at the wall is an easy way to save pennies this winter. You could save up to £80 a year by just flicking off that little red light.

11. Check your stopcock
Avoid frozen pipes bursting by knowing where your stopcock is and how to turn it off. This will prevent a flood – and a hefty bill – when the frozen pipes thaw out.

12. Organise an insulation survey
Some energy companies are giving away free insulation to homes that qualify. Organise an insulation survey and in the long term you could save thousands.

13. Energy saving lightbulbs
Energy saving lightbulbs use only a quarter of the energy of normal lightbulbs and can last up to eight times longer.

14. Wrap up
It may sound like something your mum would say, but putting on a jumper (and hat and woolly socks) rather than turning up the heating really does help to curb your energy bills.

15. Buy a flask
Take your home-brewed caffeine fix to work in a flask instead of popping to the nearest coffee shop and your wallet will feel heavier by the time spring rolls around.