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How to Save Your Money: Millennial Money Saving Tips

It’s a given that millennials do not have much money and yet as a generation, they are always told they need to save more money. Whether it’s student debts or the high cost of renting, generation Y are faced with the prospect of actually being worse off than their parents and grandparents. So how exactly can you make your money last until the end of the month while building up your savings?

The experts here at PIWoP - the brains behind the money saving, price drop alert tool, have put together list of tips for saving money as a millennial.

 

1. Find the right student credit card.

Unfortunately, a number of students make the mistake of waiting until after university to get their first credit card. As a result, when you try to apply for a mortgage or apartment, you have no credit score to back you up. Don’t be afraid to get a credit card while you’re at university. There are a number of credit card companies who make cards just for students so you cannot overspend and get into debt but still build a credit rating.

2. Get rid of some of your subscriptions.

From Netflix to beauty subscription boxes, the cost of monthly subscriptions can definitely add up! While they may only charge £10 a month, you can easily forget about the things you have signed up for, meaning these companies are getting your money for nothing. If you’re not using the subscription regularly, make sure you cancel it and put the money you would have spent in your savings.

3. Download a budgeting app.

You have probably heard it time and time again: “you need to set a budget” or “write up a list of all your outgoings!” Both phrases of which, are nearly just as annoying as “you need to think about your future.” However, making a budget isn’t the hard part, it’s sticking to one. There are a number of apps for budgeting and money saving which you can try - or if you want to keep it old-fashioned, try creating an Excel spreadsheet.

If you want to save money on your essential buys this month, why not utilise PIWoP’s price alert service, which helps you to track the price of the items you want to buy until they reach a price you’re happy to pay.

To find out more information about how you can save with PIWoP’s price tracking website, click here.

 

Christmas Money Saving Tips Part 2

Christmas; a time spent with family and friends laughing and reminiscing over memories that have been made over the last 11 months. Although, as lovely as it is, it can quickly turn into a retail ‘free for all’ as you feel the pressure to buy gifts for extended family, colleagues and that one friend that you haven’t seen in 6 months.


Fear not! This week the money saving experts at PIWoP - providers of a revolutionary price drop alert service is back with even more money saving tips on how to save your pennies during the festive period:


Sell your old gifts


We’ve all been given that one festive jumper that we’re not particularly fond of and still has the tags in. If you’re looking for a few extra pennies, sort through the gifts you received last year and if you haven’t used them, sell them! It really is that simple!


Thinking ahead


Who says that Christmas shopping needs to be a last minute event? If you really want to minimise the damage on your bank account, keep your eyes peeled for bargains all year round. If you know who you need to buy for, keep them in mind when you’re browsing the shops. You’re more likely to find a greater discount in the Summer compared with Christmas.


Make a list


Impulsively purchasing gifts around the Christmas period can be detrimental to your bank account. If you’re looking to save your money, make a list of the gifts you need to buy. This way, you’re more likely to stay within your budget and beat those pesky spending impulses!


Trying to bag a bargain can be time-consuming! Why not set up a list with PIWoP before the festive period begins for all your must-have items. All you have to do is set your budget and wait for the notification!


If you haven’t already taken advantage of our price drop alert service yet, then register here. Start looking early for your Christmas gifts, and make sure you’re up to date with the latest price drops!

 

Christmas Money Saving Tips

Presents, nights out, decorations, stuffing your face; it’s all a part of the festive fun! However, the joy of the Christmas period is often lost when you don’t have the budget for it all.


Here at PIWoP - providers of a revolutionary price alert service, we’re dedicated to helping you save money. Our team of money-saving experts have created some great tips to help you preserve the pounds over the festive period:


1. Set a festive budget


We all love the trimmings of the Christmas dinner and having lots of presents under the Christmas tree, but these all add up to expensive price tags. Our team’s top tip is to set a budget! We know it can be difficult to save, but it is essential to be able to afford the Christmas that you want.

Start by looking at your bank account now and find places where you can make some cut backs and cut down on some luxuries. We recommend starting this a couple of months before December hits. If you get tempted to spend your savings, try putting your Christmas budget into a separate bank account or savings accounts so you don’t find yourself dipping into it.

 


2. Start early


We all know the horrendous feeling on Christmas Eve when you have to rush around the shops desperately looking for presents and the extras for the Christmas dinner. As previously mentioned, you should start planning and organising for Christmas a few months before December.

Make a list and prioritise what you need to get first and the estimated prices. For your Christmas dinner, remember things like the turkeys will need to be ordered early and can be cheaper this way.

 


3. Christmas sales


By planning your presents, dinners and parties in advance, you can keep an eye out for different shopping deals, discount products and sales. For example, Black Friday (23rd November) and Cyber Monday (26th November) are perfect times to buy expensive presents as the majority of brands and shops will have discounts or sales. The Christmas sales are also a perfect time to shop for the latest game consoles and TVs as you can find the best deals on electronics and appliances - these are usually hugely discounted.


To save on the time spent sifting through the sales, why not set up a list with PIWoP in advance of the festive season for all your must-have items. Simply set your price and await an alert when they hit this price or below!


If you want to find out more information about how to save your money, check out our latest blogs.


If you haven’t already taken advantage of our price drop alert service yet, then register here. Start looking early for your Christmas, and make sure you’re up to date with the latest price drops!

 

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