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.