06 January 2016

Posted by Discount Insurance on Wednesday, January 06, 2016 No comments
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After shopping for Christmas gifts and splurging in the sales, the start of a New Year is the time to change your spending habits!

A study by Standard Life has revealed that nearly 1 in 3 (32%) of us wish we had saved more in 2015 while nearly 1 in 5 (18%) regretted not saving money at all last year.

Other financial regrets included buying too many clothes (12%) and ordering too many takeaways (11%).

We are here to help and have put together a few top tips which could end up saving you a fair amount over the long term:


·         Homemade lunches

Convenience rules during a busy working week but making a packed lunch at home could take as little as 10 minutes! Making your lunch at home is likely to involve more planning, but less money spent on impulse calorific treats!


·         Gym memberships

At the start of the New Year, many of us make a resolution to become fitter and healthier but don’t be tempted by an expensive gym membership if you believe that you might lose interest. Be aware of the cancellation terms in advance and perhaps try out a cheaper trial membership to begin with to test your commitment. There are many apps and websites available which offer free training programmes.


·         Cut out the junk food

Did you know that forgoing your daily chocolate fix could save your more than £200 a year? An occasional treat is something we all look forward too but junk food binges can quickly add up and cost a large amount of money over the course of a year.


·         Cut back on the alcohol

According to Cancer Research UK, three glasses of wine or four pints of beer a week can add up to a total cost of approximately £636 a year! Imagine how much you could save by drinking less often. Cutting back will not only have a positive impact on your wallet but also for your health.


·         Walk or cycle to work

If possible, why not walk or cycle to work? Not only would this help to save on petrol costs and train fares, it’s also healthy and a great way to start the day! Many companies offer cycle-to-work schemes so it’d a good idea to ask if you are unsure. If it’s not possible to travel this way to work, try to walk to other places such as the supermarket when you go shopping.


·         Limit your caffeine intake

Not having a daily latte could save more than £700 a year for some people, depending on where they buy their coffee from. Although your coffee may be giving you a boost in the mornings, it’s draining your wallet so try and cut back or make our own rather than buying it!

These tips are small, easy to use and could save you so much money during 2016! Do you have any other easy tips which could make a substantial difference to your bank balance? Tweet us @Discount_Ins_

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