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Three Easy Ways to Save Money

We all know how difficult it can be to save money nowadays but don’t worry, as there are ways in which you can turn your financial situation around. If you are always short on cash when it comes to the end of the month, then it may be time for you to use a price drop alert tool, such as PIWoP.

By utilising PIWoP, via its app or browser you can start making the right steps to saving money on your purchases throughout the month. This revolutionary tool helps users keep track of products they want to purchase and the price they would pay for it. When the product reaches the desired price, the price drop alert tool will notify you and you can purchase it if you still want to.

In today’s blog, the team at PIWoP have listed three simple ways in which you can save money on your purchases.

Categorise Your Spending

Did you know the average UK household spends £523 per week on household bills? If you want to make your money last throughout the month, you should make a note of the essentials that you buy regularly and work out how much you spend on these purchases in total. Make sure you break down all of your spending into categories such as: Clothes, Food, Electronics and Subscriptions. This will help you see where you are spending the most money.

Take Advantage of Discounts

Not only can you use coupons and special offers to buy your essentials in bulk or with another essential, but there are always a number of shopping deals and sales that can help you save money on your purchases. For example, you should make use of discounts for children under five when it comes to buying tickets such as cinema, theme parks and music festivals. When you save using discounts and sales, you have more money to spend on other areas of your life.

Set Saving Goals

Whether you are dreaming of buying your first home in a few years time or planning a wedding in the next year, you should set regular saving goals to help you achieve your dreams. For example, if you want to buy a house in the next ten years, you could look at saving £500 a month in order to save up towards your deposit. If you keep focused on saving money and visualise where you want to be, you can save cash quickly and make your dreams a reality.

If you want to learn more about how to save your money with PiWop, you can find more information online on the website at https://piwop.com/ 

Three Simple Ways on How to Save Money While Living Abroad

There are a whole host of reasons why someone may want to move abroad - whether it’s to enhance their CV or even as part of their retirement. However, before you pack up and settle into your new home, it is a good idea to think about how you are going to manage your money abroad. After all, a recent study by the Money Advice Service showed that 4 in 10 adults have less than £100 saved in total so living abroad might be one of the most expensive things that you do.

As one of the leaders in money saving technology and software, PIWoP are dedicated to helping their customers get the most for their money as well as helping them to save in the long-run. The team at PiWop developed a revolutionary price tracker app which helps individuals keep an eye on the price of the products they want and alerts them when it’s available at the price they want to pay.

Now we’re sharing our very best money saving tips so you can save money when you take the leap to live abroad.

Monitor The Exchange Rate

If you are thinking of sending some money back to your family and friends, it’s vital that you are aware of fluctuations in the currency market. The last thing you want to be doing is to be sending money back home and not getting the right exchange rate. A money saving tip is to watch out for times where the demand for a currency will increase, as most likely the exchange rate will also increase at this point too.

Be Cautious When Purchasing Products

When living in a new country and culture, it can be exciting to go and explore the shops and restaurants for the local products. However, don’t rush into making any serious decisions like buying appliances or furniture for your new home. It’s best to look around for the best prices on the products you want to buy. As a non-native, you may end up paying more money than you need to on the home essentials.

Consider Transport Costs

It’s easy when living abroad to just jump into a taxi and let the driver take you to your desired destination. However, over time these taxi rides will really add up. You should consider your method of transport and try exploring on foot to reduce your transport costs. Another idea is to buddy up with your new friends and get them to help you figure out the public transport as often you can get deals for travelling together.

If you think that a price drop alert tool like PIWoP, could help you save money when you are abroad, then you can find out more online at https://piwop.com/

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.

Teach Your Children The Value of Money

Understanding the value of money is a basic life skill that your children need to engage in, no matter what their age. At around five and six years old, children begin to develop the cognitive skills to understand basic monetary concepts, such as identifying coins and count change. Equally, teenagers who are gaining control over larger amounts of money or even have weekend jobs, need to grasp a better understanding.

The experts at PIWoP are campaigning to help parents teach their children that things aren’t always ‘on demand’ and that there are financial benefits to patience over this ‘now now now’ approach.

Here is their money-saving advice for parents, as a guide to teaching children and young teens the value of money.

1. Teach them to save

Get your children excited by the idea of saving by purchasing them a piggy bank. They can then put all of the money you give them in their new bank - helping them grasp the concept of money more effectively as they can physically see it.

The main aim of PIWoP’s campaign is to teach them that not everything needs to be now. If your child tells you they want something expensive such as a book or big toy, help them figure out how much they need to save by setting a weekly goal.

Without this understanding of saving, your children might not be able to achieve their long-term goals of buying a car, going to university or purchasing their first home.

2. Set a good example.

When it comes to managing finances, your children will mimic your behaviour. If you’re the type of person who saves up to buy something then it’s more likely that your children will do the same. On the other hand, if you are quick to turn to credit cards when funding non-essential purchases, your children are likely to follow in your footsteps.

One way you can set the right example is by including your older children in some of your financial decisions, especially when they reach their late teens. This could include showing them how you shopped around to find a better deal on your current account, or sitting down with them to work out a monthly budget.

Sharing tales of the financial mistakes you made when you were their age will help to highlight the dangers of poor money management.

3. Start with a small allowance.

Learning to have responsibility for your finances should not be something that’s left until your children are fully-fledged adults with a job. You can help them understand this by providing them with an allowance each month. It doesn’t have to be a lot, just a small amount that would be enough to buy sweets and little goodies.

Then, the next time you go shopping with your children, encourage them to bring their money along in case they want to purchase something. They will most likely blow their first allowance and expect you to pay for the toy they desperately want - but here’s the first money lesson for them: they will have to way until their next allowance day.

4. Let them make mistakes.

Every parent knows how children get when they have free rein in a shop - it’s utter chaos! And this could not be truer when the kids have their own money to spend in the shops.

If they want to waste all their savings on a new Xbox game or cuddly toy they will only play with once, let them do it. This will help them realise that purchases should be considered and teach them the difference between short-term enjoyment and long-term investments.

If you want to read more money saving tips from the PIWoP team - creators of the only universal price-drop alert engine - 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 for Parents

For kids, summer holidays spell: waking up late, no mention of the word ‘homework’ and staying up past their bedtime. However, while the kids are off enjoying their free time, parents face the struggle of keeping the kids entertained for six weeks as well as keeping costs down. Thankfully, there are plenty of low-cost activities you can do to keep the kids happy this summer.

1. Summer holidays.

A week in Spain for a family of four can cost an arm and a leg - £1,212 to be exact. Yet, it doesn’t have to be this way. Why not stay a bit closer to home?

Britain has plenty of beautiful (and affordable) holiday spots. Whether it be historical villages packed with hidden gems, or coastal towns that offer spectacular views and entertainment for the whole family. Plus, they are extremely affordable, meaning you can save on the pennies.

2. Camping in the garden.

Perhaps you don’t have the time or money to go on a UK holiday break - that’s fine! How about camping in your back garden for a night? With just the same excitement as going on holiday, the kids will love grabbing their sleeping bags, roasting marshmallows and star-gazing (and you can go inside if it starts to tip it down!)

3. Free theatre tickets.

How about giving the kids their first theatre experience this summer? Throughout August, you can get your hands on free theatre tickets for your little ones to lots of West End shows. It’s a great way to get the kids out and about during the summer holidays without having to splash out loads on activities.

4. Start a decoration or decluttering project.

This activity is both productive for you and keeps the kids entertained. Whether it’s redecorating the kids’ rooms or getting rid of toys in the playroom, involve your children in the process. Purchase three plastic tubs and label them; keep, get rid and give to charity. You can even make it into a fun game for the children, tasking them to see who can get through their pile of toys first.

At PiWoP, we pride ourselves on helping individuals and families with unique money saving tips by providing a handy price alert service.

Our revolutionary price drop alert tool keeps an eye on the price of products you want to buy so you don’t have to. Find the item you want, add it to your PIWoP list with the price you want to pay for it and if this product drops to your set price or below, the tool will alert you!

To register for PiWoP’s price alert tool and receive five price alerts completely free, click here.

 

Money-Saving Tips for First Time Buyers Furnishing New Home

When it comes to purchasing your first home, the excitement of getting your own place is often overshadowed by financial worries. After all, you have just put down a deposit of £30,000 for your new home and now you have got bills upon bills to pay off.

Therefore, decorating and furnishing your brand new abode is not exactly next on your to-do list! However, there will come a point where you get tired of eating takeaway pizza from paper plates on your living room floor.

The experts at PiWoP are here to give you five money saving tips so you can source amazing furniture that won’t cost you an arm and a leg:

1. Check out charity shops - Charity shops often get a bad name, but they can be a treasure trove for amazing, vintage furniture. Nowadays, modern furniture is throwing back to classic styles and so you could find yourself with the original piece at a brilliant price.

2. Keep an eye out for end of season sales - Mid-season, end of season, holiday sales; there seems to a sale every five minutes, but this is a perfect opportunity to get the furniture you love at a discounted price. If you see a sofa you really want but it’s a little out of your price range before the sale, you can use PiWoP’s price alert tool. Users are able to add items they’re after to lists on their account, set prices they are willing to pay and the tool will then continue to track said items and alert you when any reach your price points, or lower. So, once that sofa gets reduced, you'll be the first to know.

3. Don’t buy really cheap items - Unfortunately, “cheap and cheerful” is not always better! If you keep purchasing poorly-made furniture for your home, you will have to replace the items regularly, costing you more money over time. Buying solid, well-made furniture that comes with a guarantee may cost you more in the short term, but you could have it forever.

4. Always have the right measurements to hand - There’s nothing worse than buying your dream sofa and not being able to get it into your home! Before you go furniture shopping, take measurements of the room, front door, internal doors, up the stairs and so on.

5. Stick to neutral colours for large items - You may love the idea of having an orange bed frame, but there are fewer people in the world who would choose bright colours over browns, whites and blacks. While you should incorporate orange into your decoration if you like the colour, stick to neutral colouring when purchasing the large items like beds and wardrobes. Manufacturers are more likely to sell neutral items so they produce them at a lower cost, saving you money!

Are you looking to find the lowest price on your bedroom furniture or discount kitchen appliances? Check out our price drop alert tool today!

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