Cost-cutting tips for savvy saving

Are electricity prices getting you down? One of the best ways to make sure you're getting the most economical deals is to consult an electricity comparison service, to find the cheapest provider for you needs.

Beyond that, there are a number of ways you can cut on costs to make sure you're getting by this winter.

Sell sell sell

Perhaps you have an old guitar lying around that you just never play anymore, or a wardrobe full of items you can't remember the last time you wore them.

There are bound to be a number of belongings you no longer want or need just wasting space in your home - so why not make a quick buck by selling them off?

The benefits are obvious - making money while clearing out your house of unnecessary clutter?
That's a win-win situation.

Turn out the light

Everybody's heard this a million times before but really, turning off lights and other electrical appliances when they're not in use does save you money in the long run.

Try it for a month and see how it affects your power bill! It might take a while to get used to but in time it will become an automatic habit and you'll wonder why you never started sooner.

Say it out loud

If you tell people you're trying to save money, it's more likely that you'll actually go through with it!
It may seem like a strange strategy, but once something's spoken aloud it becomes more real and other people can even help you work towards your goals.

Likewise if you tell someone you're not going to spend money on something, such as that dress you've been coveting for weeks, you're less likely to do it for the guilt you'll feel when they find out!

Switch up your hobbies

Some hobbies and recreational activities come at a heavy cost to your wallet.

If you're willing, consider switching to hobbies and activities that won't cost so much.

For instance, if you're a gym bunny perhaps you can ditch the gym membership and instead enjoy forms of exercise that can be free, such as jogging, walking, dancing and yoga.

Do it online

If you need to buy something, check out a variety of stores online first. This way, you get a better idea of the value of the item and how much you should be paying for it.

Consider buying second-hand items online as well, often they are in great condition but a fraction of the cost.

Posted by Matthew Cole