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Cost of living

Stretching your budget? Share tips and advice to discuss budgeting and energy saving here. For the latest deals and discounts, sign up for Mumsnet Moneysaver emails.

Little Ways to save that make a difference

13 replies

WannaLiveInABubble · 21/11/2023 12:22

Already don't eat out except occasionally ie a birthday.
Don't buy coffees etc out.

I think i shop as cheap as i can? Aldi, Tesco, Asda.

Thinking of drawing a set amount of cash out a week for shopping / living on. Rather than bank card for keeping track?

Aim: clear 2k on cards low interest
Save more ( have only 1k saved)

OP posts:
AdoraBell · 21/11/2023 23:00

What do you normally eat? Batch cooking can save energy. Using cash can help too, it’s too expensive easy to spend with cards or phone.

BitOutOfPractice · 21/11/2023 23:02

It’s better to pay your debts off first because you’re paying out far far more interest on them than you’re making on savings.

caringcarer · 22/11/2023 00:12

Batch cook and freeze food. Never put the oven on with just one meal. For example if I'm cooking fish and jacket potatoes to have with baked beans on the lower shelf I'll have chicken breast wrapped in bacon cooking for tomorrow evening meal. Then tomorrow I won't need to use the oven. Once or twice a week you could just have a cheap evening meal like jacket potatoes with baked beans or cheese and ham toasties. An apple afterwards. Don't buy bottled water, make the kids use a water bottle and fill from the tap. Make a pot of tea instead of individual teabags in each cup. I make a pot of tea with one teabag and leave it to soak then pour out 2 perfectly nice cups of tea.

BarbaraofSeville · 22/11/2023 05:49

BitOutOfPractice · 21/11/2023 23:02

It’s better to pay your debts off first because you’re paying out far far more interest on them than you’re making on savings.

Not necessarily. If the debt is on 0% you can profit by rolling the debt on for as long as possible and saving money to offset it. I make hundreds of pounds a year of free money due to this.

To answer the OPs question, do the Moneysaving Expert money makeover and get the weekly email. Both contain many many tips to get bits of extra money here and there, and also shave a bit off essential costs, all of which can add up to a lot of extra disposable income.

Also look at the demotivator and tips to stop spending if you're in the habit of leaking money away due to frequent 'it's only a few quid' purchases. A few quid a day is a few tens of quid a week, potentially hundreds of quid a month, thousands of quid a year, tens of thousands of quid a decade, etc etc.

KinS24 · 22/11/2023 05:54

Sounds like you’re already pretty frugal so maybe look instead at how to make a little
money.
Occasional event work, eBay stuff, rent a room to summer students etc. That’s how my friends do it.

NovemberAutumn · 22/11/2023 05:58

I withdraw cash weekly then try and stick to it. It has taken some getting used to but it is starting to work.

I also shop exclusively at Aldi. I one did a side by side comparison of the same own brand items for Aldi, Tesco and waitrose. (Comparing my actual Aldi shop for that dy with the online prices of the others). It was £9-ish for Aldi- £14-ish for Tesco and £28 for Waitrose. I can't recall what I actually bought now just the rough prices.

BarbaraofSeville · 22/11/2023 06:01

Thinking of drawing a set amount of cash out a week for shopping / living on. Rather than bank card for keeping track

Well this would cut your spending because many places don't take cash any more. While a lot of people say that paying by card is too easy and cash feels more real, there's probably as many others who say that once a note is broken, the rest just leaks away on nothing.

A solution might be to split your money into different accounts, eg one for groceries and one for personal spending. You have to stick to the limit on each account so when the money runs out you have to stop spending, so you have to really think about each purchase as to whether you really need it and can afford it. I think this is better anyway, cash vs card is just the payment method, thinking about the purchase is a separate thought process.

BitOutOfPractice · 22/11/2023 07:58

I realise that @BarbaraofSeville but op specifically says the debt interest bearing

NeverneverNO12or3 · 22/11/2023 08:16

I shop online for groceries (due to disability) but it helps me to budget to. I meal plan and instead of shopping every week, I shop every 8-10 days (so when I need to shop not just because its shopping day). I bulk buy. Have cheap meel nights eg egg on toast, jacket potato with cheese and beans. Cook from scratch.
I have all my money paid into account A and leave enough for monthly bills plus extra £100 for annual costs (eg house insurance, tv license etc anything that works out cheaper payingannually). I transfer the rest between account B and C. B is savings and C is everyday spending. Its worked out so I have a weekly allowance and then any left over I can role on to the next week if I'm wanting something bigger or I pop into savings. It's almost become a competition with myself to see how much I can have left at the end of the week.

Autieangel · 22/11/2023 09:09

I have a budget app where I record my spending to keep track.

We do meat free in the week saves a fortune and better for environment.

sashh · 22/11/2023 10:01

Have a look for any community shops. My local council are trying to have one in every ward. My local one aims to have a shop for £40 a week.

Are you single or do you have a family?

Lottie4 · 22/11/2023 10:41

One thing that helps me, is that we have a weekly budget for food shopping - obviously there are things that are essential like toilet rolls, milk, bread, but I keep a strict eye on how much I've spent and make sure I keep to that budget, and change my choices - ie we might have homemade tomato sauce with chilli and kidney beans with pasta (about £1 for three of us) rather than tuna pasta bake which would probably be about £1.75. A packet of biscuits is less than a cake etc. Heating is set at 18c. Luckily supermarkets are about a 10 minute walk so I do my food shopping on foot rather than use the car. Rather than buy any more, use up all your toiletries and makeup before buying any more. Also, don't buy any clothes unless you really need something, ie leaking shoes.

Hobbywise, walking, running, cycling, online classes are cheaper than joining a gym or doing exercise classes. If you've got games at home, play those instead of doing other things that cost money. If you enjoy reading, get books from library or charity shop.

cheapskatemum · 22/11/2023 12:01

You might do this already, in which case apologies for teaching my granny to suck eggs, but meal planning for the week, or even month ahead, saves money as you can work out exactly what you need to buy, batch cook & freeze.

I like pp's suggestion of always having a full oven when it's on as well.

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