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Money matters

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Come and share your best money saving tips here

27 replies

Rhubarb · 07/11/2008 14:18

Because I feel a bit bad about having a go at winegoddess when she was genuine and having other issues to deal with, I thought we could do this thread, share our best tips for saving money, and then whenever someone asks about how to cope or says they are struggling financially, we can link to it.

So.

Food
All fruit, veg, pasta, rice and many dairy products can be bought at Aldi and they are just as good as the stuff in Sainsbury's, but cheaper.

For all meat, wait until Friday evening or a Saturday and then JUST buy meat from the supermarket. This is when they mark things down so you can stock up and freeze stuff.

Use cheap cuts for casseroles, curries, pasta dishes, pies etc. You can do loads of things with sausages! And buy bacon, it goes with practically anything and if you haven't got much meat, you can add bacon for extra meaty flavour. Make more than you need too and put some into pots for lunches. (great for jacket spuds)

Go vegetarian once a week. It's healthy and saves you buying meat for that day.

Buy more meat than you need. It's cheaper buying in bulk and you can halve it and freeze the rest.

Holidays

Book your holidays during half terms, you'll get cheap deals and if you go abroad, you might find that your half term falls within the first week of their low season. Premier Inn also do really good mid-week deals, so you can spend a few days in Edinburgh for as little as £15 per night.

Clothes

Ebay Ebay Ebay. I now get my kids feet measure in Clarks, and then buy the same shoes off Ebay. I recently got dd a pair of brand new Hush Puppies, her size and width, for £12.
Likewise if you have spare clothes, sell them. Next and Gap stuff sells really quickly, as does anything with a label.

Car Boot

Have one. You probably have loads of unwanted stuff and if you got it all together you could make a good car boot with it all. You can hundreds doing this. Don't ever think that someone won't want that crappy vase your mil gave you, it's amazing the stuff that people collect and they all go to car boots!

Make-Up.

Go to a counter in, say, Boots, have a look at the products and a chat with the lady about what you like etc. Then ask the price and make a face, say it's very expensive and you'd really like to try it first. They have bags of samples under the counter and she'll probably offer you these. Do this at a few stores and you have enough to last you months.

Going Out.

If you go out anywhere, take drinks bottles for the kids. Pubs charge a fortune for drinks, as do restaurants. If you bring your own you'll save at least a fiver on kids drinks alone. And we've never yet been told off. If you're buying drinks from the pub/restaurant then they don't really care what your kids are drinking.

Gifts

Enter competitions. I've won more from Mumsnet than I've ever done in my life! Recently got £25 of Amazon vouchers for taking part in a discussion about freeview. So that'll pay for ds's main present.

Stop playing the lottery. Some people spend five pounds a week on tickets or scratch cards - even if you do win you'll only win back what you've spent. It's a one in 25 million chance - give up! Save that money instead and treat yourselves to a nice meal every month.

Anyone got any more?

OP posts:
Rhubarb · 07/11/2008 14:38

DO YOU KNOW HOW LONG IT TOOK ME TO WRITE THAT POST? DO YOU? DO YOU?

OP posts:
soremummy · 07/11/2008 14:41

Well done for the tips

padboz · 07/11/2008 14:42

I feel I have to say something now I've clicked on it.....

will that do?

Rhubarb · 07/11/2008 14:43

Humph! I suppose so!

You could give me a donation for the tips I've given out. We all have to mouths to feed you know!

OP posts:
dustystar · 07/11/2008 14:43

I was going to say shop in Aldi. Also meal plan and base your shopping list around that.

padboz · 07/11/2008 14:44

I heart Aldi

RiojaLover75 · 07/11/2008 14:49

Instead of using those sponge wipes in the kitchen buy a pack of cotton dish cloths. I use a fresh one every other day and machine wash them with the household towels on 60 deg.

ohIdoliketobebesidethe · 07/11/2008 14:57

Pay off debts.
Consider overpayment of a mortgage before savings - you might get a better (tax free) rate.
If you're struggling temporarily go interest only on your mortgage (they don't charge much for this and you switch back as soon as you can).
Call a truce on present buying with relatives /friends.
Borrow things.
Freecycle.

mummyplonk · 07/11/2008 15:12

Buy/borrow a set of clippers for the mens hair in your life.

Buy chickens whole & in bulk and make chicken soup on day 2 with carcus & leftovers - delicious for the winter.

Always check reduced section (first thing in morning I find best) for household essentials - regularly get - washing tablets, tissues, dishwasher tablets with damaged boxes.

lilacclaire · 07/11/2008 16:18

Second the reduced meat in the supermarket, I got 2 free range chickens marked down to half price today (we only eat free range so hardly ever have chicken as we are so skint). Bunged in the freezer, i'll get loads out of them including boiling for stock.

lizziemun · 07/11/2008 16:32

Make a list of what in freezer and cupboards so you know what you have and what meals you can make without buying extra.

I also buy large packs of mince meat and make a basic meat and tom stew which can be made in to spag bog,chilli ect. Always make enough for a couple of portions in the freezer for another day.

Buy frozen veg as the is less wastage.

Ivvvvyygootscaaared444 · 07/11/2008 16:35

Do not spend money, dont go on the net shopping and dont go out with your purses - it works really well

No I am not joking, leave your purse at home makes window shopping very cheap and if you really really want it you can go back and buy the item after 10 days

Rhubarb · 07/11/2008 17:02

Give yourself a cash allowance each week, when it's gone it's gone.

Turn off the radiators in rooms you hardly use and in the kids bedrooms. It's better for their health and they don't feel the cold like we do. You can even do without your radiator, just get a little fan heater, turn it on when your alarm goes off and you click snooze, by the time the alarm goes off again your room is nice and warm.

OP posts:
Marne · 07/11/2008 17:05

I use e-bay for most things, clothes, toys etc.., i have sold all the dd's old toys to pay for christmas.

stickybun · 07/11/2008 22:04

Instead of buying tins of chickpeas, haricots etc. buy dried cook them all in one go and then freeze in portions you will use. Have noticed Sbrys have pulses in freezer section now but it's lots cheaper to diy. In past have taken picnics to service stations and blatantly consumed grub after buying a couple of cappuccinos - I reckon the £5 or £6 covers the cost of sitting - haven't been challenged re. this yet and would have no qualms re. pointing out that rip-off prices are a deterrent. Yes, i know they have to cover costs but really! I think leaving your purse at home is the easiest way to avoid spending if out with kids can always have a bit for emergencies in back pocket.

MorocconOil · 07/11/2008 22:23

Use the local library instead of buying books for your DC.
Get your DC to make christmas and birthday cards.
Walk and use the car less.
Bake your own cakes, biscuits etc.
Hand on your DC'S clothes and toys/books. Other people will do the same for you.
Turn the light out every time you leave a room.
Make sure more than one person uses the same bath water.

MintChocAddict · 07/11/2008 22:26

Use price comparison websites - linked from Martin Lewis moneysaver website.

I've just halved my car insurance as a result.

blithedance · 07/11/2008 22:27

Take control of your budget. Every month look at what you've spent and see what was too expensive/impulsive. A little program like Microsoft Money downloads your bank statements directly from online banking and lets you categorize all your spending.

I was shocked to find out how much cashpoint cash trickles through my hands each month.

Ivvvvyygootscaaared444 · 08/11/2008 09:07

Open one seperate bank account and set up all your standing orders or direct debits to come from this account - then tot up the total and divide by 12, then set up a standing order into that account for the amount that will be needed each month to cover the bills.

This way you never have to worry about the bills being as the money will alwys be there for the bills.

What you have left is your money to spend for the month on shopping and petrol and pocket money.

higgle · 11/11/2008 13:50

I may sound very sad but - save bananas that are a bit past it peled in cling film in the freezer, when I've got 6 or so slightly defrost and blend with yoghurt, re freese - free banana icecream (and v. healthy) use left over veg to make soup at weekends,plan for 6 meals a week, use odd bits left over for curry or stirfry or something creative.

pacinofan · 12/11/2008 10:18

Not sad, sensible! We regularly buy the slightly brown bananas bagged up and reduced in the supermarket, keep in the fridge and just take out for the kids' smoothies in the morning. Echo, we buy anything we can 'reduced', if I had any pride about this before I have absolutely none whatsoever now, I actually think it makes good sense to do this, especially if you freeze stuff. Credit crunch or not, I love shopping like this!

Haircuts - I cannot justify the £90+ price tag for a cut and highlights, instead I go to the same salon where a trainee, overseen by manager, does a perfectly acceptable cut for £10. She does colour for £15, and I am obviously not the only savvy customer as she is constantly booked up.

Can't recommend the website moneysavingexpert.com enough, there are folks on there who make an artform of budgetting, particularly meal planning. We aim to spend no more than £300 a month on groceries, etc, but we rarely achieve it, yet there are women on there who manage on half that amount and less.

Also found out about reclaiming mortgage exit fees there and successfully reclaimed around £275 last year. Am now in the process of sifting through old credit card statements for late payment charges to reclaim - only found £20, but every little helps!

bozza · 12/11/2008 10:29

When cooking with mince eg shepherd's pie add a handful or two of red lentils. Bulks it out and add nutrition. Red lentils also make a nice addition to a sausage casserole.

SoWhat · 12/11/2008 10:29

If you have more than one car get a multi car insurance policy. We just did this and saved over £30 a month!

mummiof4 · 13/11/2008 14:07

morrisons are doing a shopping deal,if you spend more than 40.00 on a shop over the next 4 weeks i think (easily done here ,there are 6 of us lol) keep the receipts and take them to customer services and you will get a voucher for 20.00 off your next shopping bill as long as you spend over 40.00. its not bankbreaking money but if you can get 20quids worth of special offers its deffo worth it.hope it helps x

mummiof4 · 13/11/2008 14:18

oh and travelodge do really cheap offers on rooms,i know theres 6 of us but were going away in jan up to leeds for a party, we all get in one room,taking the travel cot with us and have a room booked for just 19.00 for the night,the kids love it,kettle & hot choc,coffee biscuits etc,plus a telly.really cant grumble at the price