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Five Easy Yet Ingenious Money Saving Tips from The Experts at PIWoP

There is nothing more frustrating than realising you have unnecessarily given away your hard-earned money. Yet most of us are guilty of throwing money at unwanted Netflix subscriptions and clothing you didn’t need because you have failed to organise your finances. However, when you spend a couple of hours fixing your finances, you can dramatically increase the amount of money you have to spend on the necessary yet fun things in life - like holidays or a new car!

Here at PIWoP - a price drop alert tool that allows you to watch the prices of items you want, our experts have provided their top five money saving tips for quick financial fixes:

 

1. Eat in restaurants during their ‘off-peak’ times.

No matter where you go, restaurants are typically busiest on Friday and Saturday because people are meeting up with their friends and family for the weekend. However, if you’re flexible, you could save a huge amount of money by going during the week or on a Sunday. This is because restaurants offer special offers and discounts to entice customers to visit their establishment during their slowest times.

 

2. Stick to the 30-day rule.

The most important rule of personal finance is avoiding the instant gratification you get from purchasing. In order to do this, you need to wait at least 30 days before making a purchase. You will find that after a few weeks the urge to purchase has passed and you will save yourself some money by not making an impulsive purchase. If you were on the fence about buying the product anyway, giving yourself some time will help give you a better perspective on whether it’s worth your money. PIWoP can help with this if you PIWoP something you can go back to your lists to check if the items you did "want" you still do! Added to the fact that you get notified if they are reduced!

 

3. Repair and repurpose clothing - don’t throw away!

Don’t just chuck away a new shirt because a button has popped off - instead sew on a new one with some thread. You will find yourself saving lots of money when you decide to fix it yourself, instead of buying new clothing. However, if you lack the basic sewing skills necessary to fix your clothing, why not repurpose your old clothing into items for around the house? You can find plenty of inspiration online; from shirt pillowcases to denim draft stoppers.

 

4. Switch off your television.

Did you know turning off the TV can drastically cut down on your spending? Not only are you less exposed to spend-inducing adverts but a lower electric bill (and sometimes a lower TV package if you decide to downgrade your subscription) will give you more time to focus on other things in life. For example, putting down the TV remote means you can spend more time improving and marketing your side business, meaning you can make money rather than losing it.

 

5. Use price comparison websites. 

There are many price comparison websites out there - and for good reasons. They help you as a customer to find the product you want at the cheapest available price. Whether you’re looking to find the best deals on electronics or discounted designer shoes, it’s worth utilising these websites to find the best offers. Price tracking tools like PIWoP are different. They tell you when items you want, get reduced in the future to lower levels than a price comparison site will show you, as they just look at current prices.


To find out more information about PIWoP, why not get in touch with our team or visit our ‘How it Works’ page!

How To Save Your Money: ‘Back To School’ Clothes

The ‘Back to School’ rush is the ultimate nightmare for parents across the country. From pencil cases to a completely new school uniform, it can definitely add up very quickly - especially if you’re not keeping an eye on your purse.

Fortunately, the money saving experts at PIWoP - founders of revolutionary a price drop alert tool, have put together this guide of money saving advice for buying back to school supplies.

1. Start At Home

Before you head out to the shops, try looking around the home - especially in your child’s wardrobe and drawers. Pull out all of the school clothing they already have and get them to try it on. You may find that there are a few stainless shirts and trousers that aren’t too short yet in there, so these won’t need repurchasing. However, their school shoes may be completely worn out and you need to buy them again.

As you clear out their wardrobe, make a clothing list of what you need, including the sizes, so you know what to buy when you shop. There is nothing worse than picking up a skirt or trousers and then you find out it’s the wrong size the morning of your kid’s first day back!

2. Clothes Swap

In an effort to save your money, why not organise a clothes swap with a group of your friends? Our money-saving experts recommend organising a meetup with parents from the school and ask each person to bring school uniform that no longer fits their children.

You will inevitably find what doesn’t fit your friend’s child now going into year 5 will fit yours in year 3. Swapping clothes not only helps you get rid of the clothing that doesn’t fit your kids but you can go home with a school uniform that does.

3. Look Out for The Sales

When it comes to buying brand new school uniforms, children’s shoes can be a huge expense. We recommend looking for discounted shoes in the sales. As we’re heading into the autumn season, there will be plenty of sales in shoe stores like Clarks and Schuh. You can also find discount shoes online where you can sign up to mailing lists to receive offers and codes for extra money off.

For more money saving tips and advice, take a look at our blogs. Or if you haven’t already, try our price drop alert tool. You will be able to enter the price you are willing to pay for an item into our tool and find the lowest price on all the back to school supplies you need as our price tracker app notifies you as soon as that item reaches your desired price points or below!

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