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Money Saving Tips for the Winter


As the cold, and potentially snowy, months draw nearer there are certain expenses that rear their ugly head. Whether we’re spending because we have to, or just for pleasure, the money leaving our pockets is never a nice feeling. Especially when we feel like we’re paying more than we should be, which is often the case.

There are plenty of things to pay for in the winter months. Christmas is an obvious one but there are a great deal of other things that can cause our bank balance to plummet. Here is some insight and advice on how to save your money and avoid these hefty expenditures:

A Winter Ready Car

Upgrading your vehicle in preparation for the harsh change in weather may feel like an unnecessary waste of cash at first. But, getting your car ready for the worst is certainly preferable to getting in a nasty accident due to the various dangers that winter offers to the average driver.

Spending a little time performing some basic checks on the lights, screenwash, oil levels, coolant levels, tyres and windscreen wipers is likely to cost you very little, or maybe nothing at all. Any other payments you make to prepare your car for winter will definitely be well spent, and a lot cheaper than the costs of repairing a damaged car.

Research Energy Suppliers

Energy consumption is at its highest over the winter months, and you’re going to need to switch to the cheapest supplier in your area to really see the savings building up this season. It’s easy to assume you’re getting the best deal possible when the warmer months go by without any drastic cash-loss, but come winter you’re likely to see a change.

Switching to the cheapest energy supplier in your area can help you save hundreds of pounds throughout the year, and leave you with more money to spend on the festivities of the season, or to sensibly put away in your savings.

Energy saving tricks

As already stated, your energy bill will be highest over the winter months, but there are several easy to tricks worth remembering to keep your energy-spending to a minimum. Rather than relying on your heating, time your radiators to heat up for a few hours when you wake up, and again in the evening. In the meantime, wrap up warm with jumpers, blankets and thick socks. Not only will this save you money, it will also leave you feeling quite festive in preparation for Christmas!

Some other simple pieces of energy-saving advice are to make sure to turn off any lights, heaters or electrical appliances left on in empty rooms. Also, turning down your thermostat by just 1 degree can help reduce your heating bill by 10%!

Try a price tracking tool!

There are plenty of other things to drain our bank accounts over the winter months, like Christmas shopping, winter sports and thick coats. A price tracking tool can help you save a lot of money when looking to invest in any of these things, and a lot more!

By using PIWoP’s price tracking tool, you will be able to save money whilst getting the best shopping deals there is. You can easily keep track of all the items you’re interested in, and when any of them drop to a price you want to pay you will receive a price drop alert and can purchase your discounted items online from there.

If you would like more information about PIWoP, get in touch with our team or visit our How It Works page today!

 

Good Habits of a Money Saver


Everyone wants to be a gifted money saver. Everyone wants to find themselves still flushed with cash two weeks after pay day. Everyone wants their bank account to be prepared for the worst, but without the right habits it can be near impossible to suddenly start saving like a pro.

According to the Guardian, 70% of the UK’s working population are “chronically broke”, and on top of that, 30% of these poor souls living paycheck to paycheck say that they are concerned about their level of debt, or simply not managing to get by.

Learning how to save your money effectively is paramount in regrettable situations like this, but jumping in at the deep-end is a good way to get in over your head. So, here are a few good habits of a successful money saver to get you started:

Keep track of the little things

It’s vital for a low-earner to understand that everything adds up. A cup of coffee here, and a £0.79 app there; they don’t seem like much at the time, but when you’re wondering where all the money went, these small daily expenses are often to blame. If you are going to spend a little here and there on these cheap luxuries, make sure to keep track of each cost so the resulting damage to your bank account doesn’t come as such a shock.

Understand the difference between wants and needs

It’s certainly okay to treat yourself every now and then, but if you end up treating yourself daily then your bank balance is going to plummet. Understanding the difference between wants and needs is the answer to this problem. Although it can feel miserable to limit your once-regular luxuries, it will feel wonderful in the long-run when you see all the savings you’ve accumulated from the simple practice of not spending.

Have a budget

Creating a budget is one of the best pieces of money saving advice you will hear and is probably the biggest step towards a full piggy-bank. Although you will have to push the boat out a little to draw up your budget. It’s worth preparing a written chart or spreadsheet that you can update and balance regularly to help you fix your messy spending habits. This is an essential tip as you can’t begin to save if you don’t know how much money you have to begin with.

Try a price tracking tool

The last thing you want to do when trying to save money is overspend on a regular purchase. By using PIWoP’s price tracking tool, you will be able to save money whilst getting the best shopping deals there are. You can easily keep track of all the items you’re interested in, and when any of them drop to a price you want to pay, you will receive a price drop alert and can purchase your discounted items online from there.

If you would like more information about PIWoP, get in touch with our team or visit our ‘How It Works’ page today!

PIWoP’s Money Saving Guide

Managing your finances isn’t easy. Struggling to pay your bills and put money aside for a rainy day is something almost every person in the UK goes through at some point in their life. In fact, according to Money Saving Expert, there are millions of Brits right now who are struggling to pay their household bills and save up their money.

With so much money saving advice out there, it can be difficult to know exactly what to do and when. In order to help ease your financial concerns, PIWoP has provided a helpful guide on how to save your money in the long term.

Set Up A Budget

The best way to take control of your finances is setting up a budget. While this will take a little effort and getting used to, it’s a great way of controlling how much you have coming in and out each month. By doing this, you’re more likely to improve your credit rating and less likely to end up in debt.

Set A Savings Goal

Finding the motivation to save can be difficult. But by having a goal, you will quickly find saving to be easier than you first thought. Even £5 a month can quickly add up! While it’s good to have some emergency savings set aside, it’s important to enjoy yourself once in a while. Whether it’s money to take on holiday or buying a car without a loan, having the money set aside can give you the help you need.

Price-Tracking Tools

For those trying to save money, the last thing you want to do is overpay on regular purchases. By using PIWoP’s price tracking tool, you will be able to save money on your regular purchases like never before. At PIWoP, our low price shopping experts provide a unique price alert tool that tracks the price of the item you want. Our price tracker app scours the web every six hours until it finds the price you want to pay.

Saving money has never been so easy. If you would like more information about PIWoP, get in touch with our team or visit our How It Works page today!

Easy Ways to Save Money With Your Bank

If you really want to save up some money it is helpful to be more aware of how to make the most out of your bank account. The experts on how to save your money, the team at PIWoP, the price alert service, have come together and outlined the top 3 ways in which you can save money with your bank.

Use your rewards carefully

If you use a cash back rewards incentive programme you are guaranteed a percentage of what you spend back into your bank account to do what you want with. When receiving cash back, it’s a great idea to plan how you are going to spend it instead of splurging your money. With that bit of extra cash you may find it useful to use a price tracker tool like PIWoP. By being smart with your money, you can cut back on unnecessary purchases and only buy when the item reaches the price you want to pay. Simply 'share' with PIWoP if on a phone, or click the 'PIWoP it' button in your browser, of that TV, Ipad or new computer you’ve found
online to a ‘tech’(or whatever you choose) list on PIWoP, set the price you’re willing to pay and the tool will notify you when the item is reduced to or below that price. You can register for free and then download the App and/or browser button at www.piwop.com 

Automate your savings

By setting up an automatic transfer in to alternative accounts on pay day, you are ensuring that those funds are put away safely and not spent. By having your money separated early on, this makes it easier for you to budget and be sensible with your spending. Not only this but you can see how much money you are regularly saving which is a great boost of motivation to keep up your budgeting habits.

Choose the right account

Consider what you are saving for and when you are likely to need the money. If you have short-term goals then you may be more suited to a savings account, however, if you are putting funds away for a house in the future, then consider ISA’s or more long-term investments that tend to tie your money in for a longer period but offer better interest rates as a result. It’s important to choose the right account for you. The team at PIWoP know that every person’s saving journey is unique and their tool is available to support individual’s needs.

If you would like to find out more about our price tracking tools, click here

How to Save Money on Your Summer Wardrobe

Summer is just around the corner and many of us are already eyeing up the latest collections ready to be featured on the rails of our wardrobes. According to Mintel, Britain spent almost £1 billion during the summer and many predict that this year will be no different.

Whether you’re in need of a new wardrobe, or simply need to update some key pieces, you might be wondering how to save your money. With this in mind, the experts at PIWoP have shared their top money saving tips for saving on your summer wardrobe.

Shop With Cash (Only!)

At some point in our lives, we’ve overspent on our credit cards just to have an extra treat. By shopping with cash, you’ll only be able to spend what you can afford. If you don’t have enough money to buy those £120 shoes, then you’ll simply have to save for them instead. Alternatively, find them online, set the price you are willing to pay for them using PIWoP and then all you have to do is wait for it to reach this reduced figure!

Hit The Outlet Stores

If you love designer clothes, but love low price shopping, even more, try shopping at outlet stores instead. Designer outlet stores like T.K Maxx and Gunwarf Quays are a great way to save money on your summer wardrobe but be careful, with so many bargains, it’s easy to load up your cart with non-essential items and rack up hundreds of pounds.

Shop Trends Carefully

That snakeskin dress might look nice now, but can you see yourself wearing it more than once? Some trends are destined to pass quickly and should be avoided by the budget-conscious. Instead of splashing the cash on fast fashion, invest in quality pieces that you can update all year round; not just for summer.

Look For Online Deals

Everyone loves a bargain! When it comes to saving money on your summer wardrobes, look out for discounts from online retailers. You can also sign up for email newsletters, to get exclusive coupons and deals as well as being the first to know when they have a sale on. However, if you cannot find the product you want at a price, you’re willing to pay, why not try PIWoP?

At PIWoP, we have created a revolutionary price drop alert tool that allows you to track the price of products you want until they have reached the price you want to pay. It’s safe and simple to use on both mobile and internet browser.

Start saving and register your interest today!

How to Save Your Money: Travelling at a Fraction of the Price

Going on a family trip can be expensive - particularly when it involves buying specialist equipment for all the family! Whether it’s a ski jacket or secure hiking rucksack, purchasing the right kit for your holiday doesn’t have to be costly. You just need to do your research, plan in advance and get a little creative.

The team here at PIWoP - the developers behind the revolutionary price drop alert tool, have written up all their best money saving tips for buying travel equipment this year.

  

1. Purchase used backpacks and travel kit.

Before you rush off to the nearest hiking shop to buy a brand-new North Face backpack, you may want to take a look at eBay, charity shops and online marketplaces like Facebook. You will be surprised at the number of people selling unwanted items for hiking trips and skiing holidays. It’s definitely worth looking at second-hand shops when buying kids items like walking boots and salopettes. Your children will grow out of these items quickly and you don’t want to spend a fortune without making the most of your money.

 

2. Shop around for the best prices.

You may have found a pair of ski goggles you really like the look of online, but don’t buy straight away - even if it looks like a really great deal! We recommend searching the web and comparing the item you found to other listings on websites like Amazon. You may find you are able to find the items you really want cheaper elsewhere.

 

3. Wait until the right moment to buy.

If you’re looking to purchase brand new skiing gear, avoid purchasing in the prime of the winter season. Instead, look out for end of season sales where you can purchase all of the equipment you like at a fraction of the cost. If you want to keep an eye on certain items, why not utilise a price tracker app like PIWoP. When you find a helmet or gloves you love, all you have to do is add them to your watchlist and set the ‘Price I Want to Pay’. Once the item hits your desired price, you will be notified and you can save yourself hundreds of pounds!

 

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

 

Or if you haven’t already taken advantage of our price alert service yet, then sign up here. Our price tracker app gives you access to all the best shopping deals on the latest travel equipment and helps you find the lowest price on expensive ski and walking gear.

 

How To Save Your Money: Preparing for a Newborn

Becoming a parent is one of the most expensive financial decisions a couple can make. In fact, it was reported by the Child Poverty Action group that the cost of raising a child until the age of 18 was £75,233. Even as the pregnancy test hits positive, your bank balance will start to feel the effects of a baby!

 

Whether you’re investing in prenatal classes or browsing baby shops, it has been estimated that pregnant women will spend a total of £1,786 on their baby. However, if you’re looking to save while expecting, the experts at PIWoP - a revolutionary price drop alert tool, have delivered their best money-saving tips.

 

1. Find little freebies and offers.

When you start to buy for your baby, it’s a good idea to sign up to some retailer’s baby clubs who offer a constant flow of coupons to spend on maternity and baby products. For example, a few good clubs include Sainsbury’s Little Ones or Baby & Toddler Club by Asda. You may even receive some free gifts or samples for joining!

Also, it’s important to look out for regular baby events in high street shops and online retailers such as Tesco and Kiddicare. They often slash the prices on everyday essentials and big-ticket items, such as prams by up to 50%.

 

2. Avoid buying too much for your baby.

You may be tempted to purchase a gorgeous pack of linen onesies but remember your newborn will grow out of their clothes quick. Instead, we recommend browsing eBay and NCT Nearly New Sales for second-hand baby clothes. Often, the clothing is in great condition and more than half the price of their new equivalents.

However, if you do want to buy new clothing, try supermarkets such as Asda and Sainsbury’s who offer a range of good for value onesies and vests.

 

3. Be a smart shopper.

As a newborn, your baby will only need a few things for the first couple of months. This includes a cot and a car seat - sometimes even a pram isn’t necessary if you’re comfortable using a sling. Therefore, you can save hundreds of pounds when avoiding buying the non-essentials like fancy comfort cushions and luxury bedding.

When you’re buying online, utilise a price tracker app like PIWoP that will help you find the items you’re looking for at the best price. When using PIWoP, all you have to do is make a list filled with all the items you’re interested in and wait for a notification from us to tell you when they’re discounted!

 

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

Or if you haven’t already taken advantage of our price alert service yet, then sign up here. Our price tracker app gives you access to all the best deals on electronics for your baby’s room and helps you find the lowest price on all of your newborn essentials.

How to Save Your Money: Travelling on a Budget!

In recent years, the idea of exploring the world by backpack has grown in popularity - especially with young people. In fact, travelling was seen as more important than buying a house for 47 percent of young people between the ages of 18 and 34. And it’s easy to see why backpacking is so popular!

Travelling around the world is a great experience; allowing you to meet new friends, gain life experiences and try new things. However, as this section of tourism grows, it is becoming increasingly expensive to jet off to places like Australia and South America.

With an average trip costing anywhere between £5,000 - £10,000, the money saving experts at PIWoP - an easy-to-use price drop alert tool, have suggested their tips for saving money before your travels:

 

1. Keep your travelling money separate.

If you are serious about travelling, it’s important to work out exactly how much you need to save and open up a savings account. This way, you can set up a standing order to put small amounts of your paycheque into the savings account each month. It should also help you avoid spending your travel money on takeaways and clothing throughout the month.

 

2. Sell any unwanted belongings.

Say you have just finished University and you have a number of textbooks which you no longer need, why not sell them on? Websites such as eBay and Depop allow you to advertise your unwanted items and get cash to put towards your travelling fund.

 

3. Cancel any unnecessary Direct Debits.

We all have Netflix accounts or gym memberships we could do without. If you’re looking to save yourself a little bit of money ahead of your trip, why not cancel the Direct Debits you no longer need or use! Just think that £40 you spend on unused gym memberships could towards your quad biking experience through the jungle in Thailand.

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

Or if you haven’t already taken advantage of our price alert service yet, then sign up here. Our price tracker app gives you access to all the best deals on electronics to keep you entertained on long flights and helps you find the lowest price on all of your travel essentials.

How to Save Your Money: Saving Money in the New Year!

Want to improve your finances in the new year? You aren’t alone! Financial resolutions are some of the most common; with people looking to get out of debt, save more money and clean up their spending habits.

 

However, just telling yourself to “stop spending” and “save more money” may not always work. Most new year’s resolutions are unsuccessful not through lack of trying but because people cannot stick to them! That’s why the money-saving experts at PIWoP - an easy-to-use price drop alert tool, have provided a list of small yet effective ways to save money in 2019:

 


1. Try to not spend a single penny one day a week.

You will be surprised at how much money you can save by choosing a single day per week to not spend money. For example, once a week make your own lunch for work, get creative with the food in your fridge and keep off ASOS. In the long run, you will see massive improvements in your spending habits and plus, you will have more money to spend on big treats like holidays and a new handbag.

 

2. Give up a daily habit.

Whether it’s popping into Starbucks for a latte or having a quick fag break at work, these small indulgences can add up in a year. For example, if you swapped an iced latte for a home alternative, you could save up to £767 a year - and quitting smoking could save you a total of £2,555!

 

3. Limit yourself to a weekly budget.

A great way to avoid overspending is to section off your salary into weekly cash limits each month. Withdraw your weekly allowance and put into envelopes - then give a family member or friend your debit card to hide!

 

4. Delete your credit cards from online shopping.

Before you do anything this year, remove all of your credit card information from your most used sites like Amazon. Then, the next time you go to make an impulsive purchase you will have to grab your credit card and hopefully, at that time, you have decided against buying.
For more tips and tricks about how to save your money, check out all of our latest blogs. Or if you haven’t already taken advantage of our price alert service yet, then sign up here.

How To Save Your Money: Cheap Ways to Keep Fit Without The Gym

While your new year’s resolution may be hitting the gym, your bank balance might be saying otherwise. After all, a gym membership is a huge cash commitment, which could set you back £50 a month. That’s a total of £600 in an entire year - just think of all the yoga pants and trainers you could buy!

However, signing up to the gym isn’t the only way to get into shape. The money-saving experts at PIWoP - an easy-to-use price drop alert tool, have listed their favourite ways to get fit on a budget:

 

1. Try a workout DVD.

Long gone are the neon leotards and headbands of the 80s VHS tapes, exercise DVDs can be a fun way to get into shape from your living room! Everyone from Cher to Angela Lansbury has released a workout DVD so it won’t be hard to find one you like the look of on Amazon.

 

2. Download a fitness app.

There’s an app for everything these days! When it comes to health and fitness, there are millions. Apps like Sworkit and 7 Minute Workout are great for squeezing in a quick workout session in between a busy day. Plus, you don’t need anything but floorspace to complete their routines. You can also find free apps with diet plans, recipe tips and weight trackers to help monitor your progress and focus on your goal.

 

3. Embrace the great outdoors.

Whether it’s going for a jog or even just a stroll around your local area, getting outside and into the fresh air can do a whole load of good for your physical and mental health. Plus, you can even download apps that pay you for every step you make.

 

4. Purchase home exercise equipment.

Who needs to pay for a gym membership when you can have one at home? Except without all of the shiny, expensive bits of equipment! Shop online for cheaper versions of gym equipment such as a rowing exerciser and skipping ropes. This way, you can still burn the calories, just for a fraction of the price!

 

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

Or if you haven’t already taken advantage of our price alert service yet, then sign up here. You can find all the best deals on exercise equipment and workout gear such as the latest price drops on designer trainers with our price tracker app today.

How To Save Your Money: Running Your Car for Less

For many people, owning a car can be a larger personal expense. However, there are many ways to save money on regular car costs such as insurance, new parts and fuel.

 

As with all personal finance, the more cost-saving measures you adopt now, the more money you will save in the future. The money-saving advice experts from PIWoP have put together a list of ways you can start saving money on your car expenses:

 

1. Get cashback on fuel purchases

Fuel is easily the most expensive part of motoring - so why not earn a little while your spending on this necessity! There are a number of cashback-card options available for purchasing petrol such as Tesco Clubcard credit card or Santander 123 credit card. While they only offer a small return percentage, you will be surprised at how much it add ups throughout the month.

 

2. Purchase economical tyres

When the time comes to replace your car tyres, it may be tempting to go for the cheapest available. However, this can prove to be a mistake in the long run. Not only do such tyres perform poorly against more expensive tyres but they may also hit your fuel economy and need replacing more regularly.

Look out for the EU tyre label. All tyres sold are fitted with one and it includes the fuel efficiency rating of the tyre. An ‘A’ rating means the tyre decreases the energy lost through the tyre while a ‘G’ rating is the worst performing - resulting in increased CO2 emissions and fuel consumption.

 

3. Haggle on your car insurance.

Car insurance is one of the biggest motoring costs you face annually. Figures released by the Association of British Insurers (ABI) revealed that, on average, comprehensive cover costs £462 a year.

Don’t just accept your auto-renewal quote once you receive it. Give your insurer a call to see if you can haggle and reduce it. However, before you do so, make sure you see how well your quote and benefits compare against other insurance providers.

 

If you want to find out more information about how to save your money, check out our latest money saving tip blogs. Or if you haven’t already taken advantage of our price alert service yet, then sign up here.

For example, with your car parts and auto-related purchases, you can use our price tracker service. Once any of the items you are
watching hits your ‘Price I Want To Pay’ (PIWoP) you will then be notified via email (and/or an App notification) of the new reduced prices. Tyres are a brilliant thing to PIWoP; you know you'll be needing another pair or a full set, well in advance of the winter weather. So why not PIWoP them from you favoured supplier or suppliers?

How to Save Your Money: Dream Wedding on a Budget

It’s meant to be your fairytale day - but the cost of the cake, venue, dress and the other, special touches can really add up. While the average wedding is estimated to cost £25,000, you don’t need to spend a small fortune to have your dream wedding day.

There are plenty of money saving tips and tricks you can try out when planning your big day. As experts in money-saving advice, the team at PIWoP - also creators of revolutionary price drop alert tool, have put together some of our best tips for saving money while wedding planning.

 

1. Pick your date carefully.

Don’t be turned off by the idea of an off-peak wedding, it will be as beautiful and special as a summer wedding. If you haven’t already set the date of your wedding yet, try looking into alternative dates and times during the “unpopular” months and days of the week.

In the UK, about half of all weddings taking place are in August. Other popular months are July and September. If you can avoid the summer months and embrace the cosiness of a winter wedding, you will save a significant amount of money.

 

2. Do not mention the ‘W’ word.

When booking your reception venue or DJ, avoid mentioning the word ‘wedding’ - just call your big day an ‘event’ instead. It may sound odd, but suppliers will add a substantial markup on the price if you let slip you’re planning for a wedding. This is because most businesses know that you want the best for your big day and that you will be willing to pay a premium.

 

3. Call in the favours.

Do you know an amateur Mary Berry with a passion for wedding cakes? Or have a friend with a fancy car? Don’t be afraid to ask Auntie Tracey if she wouldn’t mind making your wedding cake in place of a gift, or Kevin with the sweet wheels to give you a ride to the church. The more people you can get to do things for free on your wedding day, the more you can spend on the important things such as your dress and venue.

 

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

Or if you haven’t already taken advantage of our price drop alert service yet, then register here. Start looking early for your bridesmaid dresses, wedding jewellery and decor, so you can catch them cheaper if they are dropped in price before your big day.

 

How To Save Your Money: Lose lbs Without Spending £s

For many, losing weight feels like an uphill battle - especially if going for a run isn’t exactly on your list of priorities. Most turn to personal trainers and a gym membership to help get them motivated. However, these come with a hefty price tag.

There are plenty of great alternatives to getting fit without breaking the bank. The experts at PIWoP - creators of revolutionary price drop alert tool, have put together some money saving tips for getting into shape:

1. Choose an activity you enjoy.


One of the best ways to lose weight and get fit is finding an activity you enjoy. After all, when you enjoy the activity you’re doing, it feels less like exercise and more like fun!

This could be cycling, running or even walking a circuit in your local park; all can be done for free and require little to no equipment. Activities like these are a great way to improve your cardiovascular system and get you on the road to weight loss. Trying out a few different activities is a good way to find out what works for you and what makes you feel the best.

2. Find a fitness buddy.


When starting out, it’s important to have a support network who will be there to encourage you and push you further. Studies have shown that working out with friends increases the amount of exercise you do.

Even if you’re boycotting regular (expensive) gym sessions, it’s still good to have a friend there who will keep you in check and ensure you’re not slacking! It’s even handy to have someone that can hold you to that run you promised you would do on Saturday morning; even if it doesn’t feel that way at the time!


3. Buy affordable workout clothes.


You don’t have to spend a great deal of money to have nice workout clothes, there are plenty of ways to save money on trainers and gym leggings.


For example, PIWoP is a price drop alert tool that allows you to make lists of items with the ‘price I want to pay’ feature. The online tool will notify you when they hit your desired price or below. For many, new workout attire is enough to get motivated and jump-start the fitness journey - plus everyone feels good when they discover a bargain!


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

Or if you haven’t already taken advantage of our price alert service, then sign up here. You can find the lowest price on all of your workout equipment and running gear with our price tracker app today.

How to Save Your Money: 4 Steps to Healthy Spending Habits

For any spontaneous spenders, the idea of budgeting can ring alarm bells - after all, the thought of having money left over at the end of the month can seem unattainable.

If you’re planning to budget for a holiday or car, it doesn’t mean you have to cut back on the things you enjoy doing in a month; eating out, going for drinks etc. Instead, money-saving advice experts explain you have to be smart with your money.

At PIWoP - a revolutionary price drop alert tool, we know how important the value is of every pound that you save. That’s why we want to help you understand how to save your money and create healthier spending habits.

1. Start by keeping a spending log.

You may have heard this advice before, but it can be eye-opening if you complete it properly. For a month, keep track of all your purchases and you will soon see patterns in your spending and where you need to cut back.

2. Write down all sources of income.

When you have a list of your income and expenses in hand, you can determine your priorities. This is where you can begin your budgeting process. For example, there will be obvious spending priorities such as housing and other fixed costs. However, you can make changes to your spending habits with things like video subscription services or your daily coffee.

3. Note down your budget in pencil.

When you write down your budget in pencil it will remind you that the budget is a fluid document. As you live with it, you will probably need to make changes in the first few months - but that’s okay! Feel free to set aside a little bit of extra money each month, as it’s better to blow a budget of £20 than to impulse-spend £200.

4. Set a savings goal and make it something specific and important to you.

By setting a meaningful savings goal, it provides you with the motivation you will need to stay on track. Try writing your goals down and leave a reminder of them in your wallet or on your computer. However, be patient with yourself if you do get off track. Developing a new habit takes practice and so you may need to learn to love this new way of saving.

For more money saving tips and advice, take a look at our blogs.

How To Save Your Money: Designer Clothing For Less

In an age of ‘fast fashion’ and online shopping we, as a nation, are constantly buying new clothes. The Great British Wardrobe Report (2017) found that Brits spend £1042 per year on their wardrobes; women spending an average of £74 a month and men spending £100 in a month.

However, for those with a love for designer clothing, just one luxury piece is enough to break the bank for a month - or a year. If you’re looking to purchase quality clothing that doesn’t cost your life savings, the team at PIWoP have put together their moving saving ideas when buying designer clothing:

1. Create a Budget

The most important thing when trying to save on your wardrobe is to budget. Figuring out what’s important to you when it comes to clothing and how much you would expect to pay will help make that budget sustainable.

Think about your life and spending money on clothes on a per-season basis - rather than by week or month. Double your budget amount and divide by 12 to get your average monthly spend. Then, open a separate shopping account with your bank and transfer your monthly budget directly into there.

2. Sleep on it

When trying to reduce the amount you spend on clothes, try the “sleep on it” method. For example, if you’re shopping and see a dress you want to buy but aren’t sure whether you really need, put it on hold and go home. If you still want it the next morning, buy it if your budget allows.

3. Shop the sales

For statement pieces that never go out of fashion, try purchasing during the seasonal sales. If you see a pair of blue denim jeans or nude high heels that are just a little out of your budget, wait until they are put into the sales.

With PiWoP’s price tracking tool, you can set up lists that include items you’ve got your eye on, even on non-UK websites, set the price you’re willing to pay for each and if the selected product goes down to this price point or lower, you will be notified!

For more money saving tips on everything from holidays to toiletries, take a look at our blog.

How To Save Your Money: Festival Season

Speak to anyone who is a regular music festival go-er and they will talk about how much of an amazing experience it is; acres of mud, flower crowns and lots of drunken antics. However, festivals aren’t exactly the best for your bank account.

Chances are, you have already forked out a fair bit of cash for your weekend ticket, and on top of that you have to think about your travel arrangements, camping supplies and of course, booze. Plus, you will actually have to feed yourself while you’re there too!

If you’re a festival newbie, it’s easy to spend way more than you planned at a musical festival. The experts at PiWoP, a revolutionary price alert tool helping you to save money, have put together our money saving tips for festival season:

1. Set yourself a daily budget - In the crazy atmosphere of a festival, it can be easy to get carried away and spend silly amounts of money on alcohol and food. However, coming home to find you spent £70 on a round of drinks is less than fun!

Before you head off, decide your budget for the whole weekend and divide this across each day. Either take this amount of money in cash (but make sure you keep it safe!), or use a budgeting app to set limits on certain things and notify you when you’re overspending.

2. Leave designer clothing at home - We’re under no impression that festivals are just as much about looking good as it is about the music - sparkly shorts, bejeweled accessories and glitter-covered body parts are what festivals are all about. Yet one of the biggest expenses of the weekend can be replacing your entire wardrobe that has been covered in mud around the campsite, so leave your expensive gear at home and go for some cheaper alternatives.

3. Book travel arrangements in advance - As with any journey, it’s simple: the earlier you book, the cheaper your travel will be. People often make the mistake of waiting until the last minute to book their train tickets in the hope that prices will fall, but everyone else will have the same idea - sending the prices skyrocketing!

As soon as you know the dates of the festival and opening times of the campsite, book your travel. Then you have one less thing to think about later on.

4. Volunteer to get a free ticket instead - As an alternative, volunteering to work at the festival itself can be pretty economical, as long as you’re willing to put in the work. Every year, festivals look for volunteers who will help with tasks like giving out wristbands, selling programmes or helping to clean up litter. In return, you will get free access to the festival and in some cases, free travel, accommodation and food.


5. Plan in advance - Camping and festival essentials such as tents, foldable chairs, sturdy suitcases or bags to carry your weekends worth of alcohol and spare clothes can soon add up - Plan in advance and use tools like PIWoP! If you know you’re off to a festival over the summer, start searching for your stuff online now. Create a ‘festival’ list on our price alert tool and set the price you are willing to pay for each item. We’ll notify you when any of your festival essentials match that price or go below it, saving you time and money!

Take a look at more of the team’s money saving ideas here.

Money Saving Tips with PIWoP

When it came to designing PIWoP, we wanted to create a tool that would help consumers save money as well as save time.


Our tool enables users to list an item they want along with the website it is from and state the price they want to pay for it. When the item has met or fallen below that price, we send you a notification! However, we have plenty more to offer when it comes to money saving advice.


We know that savvy shoppers love grabbing a bargain – the place with the best deals is influencing where people do their shopping now more than ever. Last year it was found that two thirds of British shoppers chose discounted brands such as Lidl and Aldi.


So, here are a few money saving tips for both online and offline shopping:


1 - Be savvy towards what is really most affordable


If you’re wondering how to save your money when doing your food shopping, check if special offers really are saving you cash. For example, sometimes a larger pack of something might be on offer, but you might actually get more for your money if you buy two or three smaller packs of the same item.


2 – Leave items in your basket


One piece of money saving advice that is becoming popular across the internet is to leave items in your basket on shopping websites. While this frequently happens because people abandon their baskets when they see the price or simply forget, it can actually be a way to purchase the product for cheaper. When a website picks up on the fact you have left items unattended, it’s been found that some will send you a discount code or coupon to encourage you to complete the purchase.


3 – Don’t be tempted just because something is on offer


Everyone knows how tempting it is to buy something because the offer seems too good to be true, but remember not to get sucked in just for that reason! One easy thing to do when it comes to knowing how to save your money is to be sensible and quite simply only make the purchase if it’s something you really need!

 

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