Archive for save money

Credit Crunch: A Survivor’s Guide – Overuse

Posted in Life..., Personal Finance, Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , on April 8, 2010 by stanleyriiks

Do you wonder who recommends you change your toothbrush every three months? It’s the manufacturers. Those who would benefit most from you changing your toothbrush four times a year. Do you believe them? Until I see scientific evidence to the contrary I am happy to use my toothbrush for a year, or more if it’s still looking good. I use an electric toothbrush and I do take care of it, when you have a £150.00 top of the range Oral B, you look after it! It actually gets treated better than my girlfriend! (She didn’t cost so much!)

Water filters are another thing that can be used more than the manufacturers recommend. Of course they say four weeks will use up the goodness contained in their little filters. Well, that’s based on the filter being used by an average family of four. I’m certainly not average, and I’m definitely not a family of four. I’ll use those filters (instead of bottle water which is about twenty times as much!), for at least six weeks, depending on actual consumption.

Try to overuse things and squeeze the value from every product you use and save those pennies.

Credit Crunch: A Survivor’s Guide – Seepage, Wastage – Being switch-conscious

Posted in Life..., Personal Finance, Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on March 17, 2010 by stanleyriiks

Did you know it takes about 40-90 minutes to charge your phone? How long do you leave it plugged in? Once it’s fully charge, which most phones display, you’re just throwing money at the electricity company! Don’t overcharge! This goes for rechargeable batteries (which are much better value than regular ones so invest in some if you use a lot of batteries), electric toothbrushes, iPod (although you’re more likely to plug those into a PC.

Switch off at the plug, seepage means your electricity is draining away. For multiple plug sockets, videos, dvd players, microwaves, kettles that light up, internet routers/modems, anything with a display that is left on, will move that little electricity meter and cost you more money. Unless you use it your plugged in device as a clock turn it off! At the plug! Never ever use standby, it uses almost the same electricity as full power.

You can buy special plug sockets that power down certain PC accessories for you when you’re not using them. But how about not switching on your PC speakers when you’re messing around on myspace or downloading porn! If you don’t need it on then don’t plug it in!

And remember when you’re switch-conscious you are not only being good to your pocket but also to the environment.

Credit Crunch: A Survivor’s Guide – Shopping Intelligently: False Economy, it’s not cheaper!

Posted in Life..., Personal Finance, Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on January 21, 2010 by stanleyriiks

Don’t buy smaller than you can use.

A small tub of butter/spread is more expensive than a large one in terms of weight (per gram the smaller tub is more expensive). If you’re going to use a kilo tub before it goes off, which is fairly likely, then you are better off buying the larger one.  Buying the smaller one because it’s cheaper (although more expensive per gram, and therefore worse value) is false economy.

This works for almost all products, and supermarkets are now being quite helpful by giving the price of items and the grams, rolls, sheets, litres, cost.

Buy sixteen or eighteen rolls of toilet paper rather than four. (Can save £2.00 a month on average)

Buy a five-litre bottle of mineral water, or a six-pack instead of individual bottles. If you need to use smaller bottles for work or ease of use, buy a big one and a funnel and pour it in. Ok, so it’s slightly more work, but it’s less money. The average family can save over £100.00 a year by giving their kids small bottles filled with water from larger bottles. (Of course investing in a water filter jug and several filters will be even cheaper, it costs about 2p a litre. If you live in London and have to drink the hideously cloudy and foul-tasting recycled liquid, it may take a while to get used to it after Evian [trust me!]).

This also uses less packaging, which is good for the environment. Good for the environment can be good for you!

Use this technique for everything that doesn’t have a short shelf life, soft drinks, bottled water, toilet rolls, butter/spread, tinned goods, frozen goods. Doesn’t work so well for short-life products like milk, but work it out. If you can use a six pint bottle then it’s still better value than a four and a two pint, or three two pints.

You can save hundreds of pounds shopping this way.

Credit Crunch: Saving money without going without. The no pain savings plan.

Posted in Life..., Personal Finance, Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on January 13, 2010 by stanleyriiks

You need to start thinking about how your money is spent and being aware of waste. Most of the things I’ll mention are just common sense. All of us waste money to a certain degree, and don’t think you don’t. If you are paying more than you should for something then that’s a waste. If you’re using something you don’t need to use then that’s a waste. If you can cut out as much waste as possible and live more efficiently then you will save money.

Get loyalty cards for everywhere that offers them for free, Sainsbury, Tesco, Iceland all offer loyalty cards. What better way of saving money than getting something for free, even if it is only one week’s worth a shopping a year, it all adds up!

Turn the light off when you leave a room (providing no one else is in there!). This can save you upwards of £5.00 a month.

Use Energy Saving light bulbs, good for the environment, good for your wallet! (can save you another £5.00 or more a month).

Reuse plastic bags, particularly in Sainsburys (where you can receive nectar points for using them) and Tesco (where you get clubcard points). (Can gain you £1.00 or more a year depending on how many shops you do a month).

Put on a jumper when it gets cold. Ok, so when it gets really cold you need to put on your heating, but only use your central heating to heat, then turn it off until the temperate gets low again, then turn it back on. Set your timer for the minimum time you need it and make sure you never have it on when nobody is home. (can save £20.00 or more).

Never put things on the radiator to dry! It will suck the into the wet towel and the room will not be as warm as it should be!

If there are rooms you don’t use, such at the hallway or spare room, shut those doors and turn off the radiators. Don’t heat rooms you don’t need to. It might also be worth turning it off in the kitchen, normally when you are in there (whilst cooking) it’s warm enough.

Go to bed early. Not only will you benefit from all that extra sleep, but you can turn off the lights and heating while you’re in bed.

You think that’s all a waste of time? That little lot could save you over £500.00 a year!

Credit Crunch: A Survivor’s Guide – Bills

Posted in Life..., Personal Finance, Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , on January 7, 2010 by stanleyriiks

The easiest way to save money is to look at your regular outgoings (bills) and see if any of these can be made smaller.

Rent is a difficult one unless you’re willing to move, but downsizing or moving further out-of-town can help. Remember to check to see if commuting costs will increase and whether the cost of moving and the hassle is really worth it. I wouldn’t want saving some rent money to be my prime motivation for moving. Although my sister moved back in with our parents when she was younger for a couple of years to sort out her finance and get herself into a position to buy a house.

Electricity and gas can be easily compared on websites like uswitch.co.uk and www.moneysupermarket.com. You may also be able to save money on your insurance, whether it be home insurance, contents insurance, car insurance, travel insurance, you get the idea… Basically with any kind of insurance you have the potential to save money just by shopping around.

Look at packages of insurance, home and contents together, or annual travel insurance instead of individual holiday insurance if you go away more than once. Never buy the travel-agents insurance as it will probably be the most expensive.

I saved nearly 50% on my annual worldwide travel insurance.

Look at your transport situation. If you travel on public transport, look at travel-cards, Oyster cards, or if you’re lucky enough you might be able to walk to work. I gave up my motorbike and a ten-minute journey to and from work, and instead walk for half an hour there and back. It not only saves me money but it keeps me fit! That’s what I tell myself as I trudge home on a Friday in the pouring rain in the dark on a winter’s evening!