01 October 2014

Posted by Discount Insurance on Wednesday, October 01, 2014
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With prices constantly edging upwards and wages remaining stagnant, making ends meet is an ongoing challenge for a lot of households. 

But here are a few simple ways from Discount Insurance you can reduce your monthly outgoings!

Compare energy suppliers 

Energy bills are a necessary - if unspectacular - monthly outgoing, that’s why it is important to make sure you’re on the right tariff to match your needs. If your contract is about to come to an end, then shop around to get the best deal for your circumstances and usage. 

Don’t necessarily go for the big names either, there are a lot of smaller companies entering the market offering good value – your wallet could well thank you for making the switch. 

Reduce the amount of times you get takeaway

It is often tempting to save time by getting a takeaway or eating out, but the expense can really add up. Instead, explore different options for eating at home. A good idea is to cook a few meals at once and freeze them for heating up later. Simple meals such as a stir fry can feed the whole family for as little as £3-£5.   

Be king (or queen) of the vouchers

You can save plenty of money by being a savvy shopper and looking out for discounts at the supermarket, but be careful, offers such as ‘buy one get one free’ are much better than ‘buy two get a third free’, as you may be tempted to buy more than you actually need. 

There’s no need to meticulously cut vouchers out of the paper anymore either, thanks to the wonders of technology, you can get tailored offers delivered straight to your inbox! 

Review your monthly contracts

Look at things such as gym and health or sports club memberships. How often do you really use these services? If you’re using them less than once a week, then it is highly likely that you are not getting value for money from them. 

Entertainment services such as Netflix, Spotify and Sky Go all add up too. Are you really getting your money’s worth from these services? if not, it may be time to drop one or all of them and look for free alternatives. 

If you have a magazine or newspaper subscription, ask yourself, how much of this content can I read for free online? Plus, if you rarely make time to sit and read the magazines, then you are just paying for expensive clutter!   

Reduce your clothes shopping

If you need to dress sharply for work, then don’t let that slide, but you can still try and find some great bargains on formal wear both on the high street and online. 

If you think you are spending too much a month on new outfits, then create a self-imposed ban on shopping for new clothes until you absolutely need something new!


Reduce the amount you drink or smoke 

Yes you need to socialise still, but consumable habits such as smoking and drinking, not only cost money but are also bad for your health – a lose-lose situation. So try cutting down your monthly consumption. 

Why not make the move to try quitting smoking all together? We know it’s easier said than done, but the NHS’s Stoptober campaign has plenty of great advice about giving up, and if you can stop smoking for 28 days in October, you are 5 times more likely to give up for good!

Save money on your insurance 

Don’t renew your home, travel, pet or contents insurance without speaking to Discount Insurance first! We search the market to try and find you the best available rates, reducing your monthly premiums.