Moneysaving expert tips

Moneysaving Expert Tips

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Below Are 25 Moneysaving Expert Tips That You Can Implement Today To Help You Save Money And Reduce Debt.

EXPERT TIPS TO HELP YOU SAVE MONEY IN TODAY’S DIFFICULT FINANCIAL CLIMATE

These Moneysaving Expert Tips, could not only help you to pay off any credit cards you may have but

also help you invest into your future. The money you can save here could be put into your own home

business to improve your finances further. SAVE MONEY AND MAKE MONEY is what I say!

It was recently reported that British credit card holders now owe an average of £2,200 on their plastic

and with retailers reporting a slump in sales not seen for two decades, it is clear that shoppers are

reining in their spending. These moneysaving expert tips should certainly help you reduce your debt

and make it payback time. To clear a debt of £2,200 on a card that attracts an interest rate of around

15% will take more than two years assuming a monthly repayment of £100. There are, however,

plenty of simple ways to make significant savings on your regular spending that could clear the debt

many times over in less than a year.

Here are some Moneysaving Expert Tips that you could try:

MoneySaving Expert Tip 1. Change Your Attitude To Your Mortgage And Save Money

The most expensive item you are ever likely to buy is your home. If you’re not in the privileged

position to pay cash, make sure the loan you use to finance it is the best available. For example, if

you are paying your lender’s full standard variable rate (SVR) you are probably paying hundreds of

pounds a year more than you need to. There are thousands of deals to choose from and while it is

vital to check the small print for hidden catches, this is a relatively easy way to save a lot of money.

Remember: loyalty to your bank benefits your bank, not you. Even better, if you can afford to make

overpayments on your mortgage, you’ll clear your debt several years early and make massive

savings. For example, if you borrow £100,000 at 6% over 25 years, you’ll pay it back at £643 a month.

The total charge for credit will be £93,000. But if you can overpay by £100 a month you’ll clear the

loan in less than 19 years, giving you 6 years of mortgage-free living and saving a staggering £25,000

in interest.

MoneySaving Expert   Tip 2 . Clear Your Credit Card Debt And Save Money On Interest

Any good moneysaving expert will tell you that one of the golden rules of financial planning is to

clear your most expensive debts first, in other words your credit cards. OK, credit cards offer a

convenient way to pay for goods and services but if you can’t clear the balance every month, consider

a low-cost loan as an alternative. Do the sums: a credit card debt (APR 15%) of £2,200 over three

years will cost £545 in interest. A loan at 6% will cost £209. A saving of £336. Saving: £100s

MoneySaving Expert Tip 3. Cut The Cost Of Your Fuel Bills And Save Money

As the global demand for power threatens to outstrip supply, prices are rising. But that doesn’t mean

you need to be ripped off. The domestic market for fuel is a competitive one and once you become

a moneysaving expert yourself, you can change supplier with just a few clicks of the mouse. Your

new supplier will take care of the formalities – you just pay less every month. The ‘BEST UK ENERGY

SUPPLIER’ recently awarded by the Independent Consumer Magazine ‘WHICH’ is UTILITY

WAREHOUSE. They have been awarded 5 stars for ‘Value for money‘, 5 stars for ‘customer service‘,

5 stars for ‘billing’ and 5 stars for ‘technical support‘. They came out well ahead of the other Big top 6

energy suppliers. They say a typical household can save over £700 a year with them and get better

service! You can check out their services and switch on-line today by visiting their website

at http://www.usavecash.co.uk. Just fill in your details and they do all the switching for you, inc

contacting your current suppliers. You then just look forward to the switch over date when you’ll start

saving money!

MoneySaving Expert Tip 4. Cut Your Home Phone Bills And Save Money

BT may seem to behave like a monopoly but it most definitely is not one. If you must use your phone

there are scores of cheaper alternatives than BT with exactly the same quality of service, if not

sometimes better! Again not to blow UTILITY WAREHOUSE’S trumpet too much but as

amoneysaving expert I like them because they allow you to put ALL your household utility bills onto

one simple monthly bill, making it easier to manage and can save you a packet. ‘WHICH’ magazine

have recently also given them a ‘BEST BUY’ award for their Phone and Broadband. Their Line rental

is one of the cheapest in the UK, and BT engineers still look after your line! You can also get FREE

calls by taking other of their services. Again you can sign up and start saving money today by visiting

their site at – www.usavecash.co.uk again they’ll do all the switching over for you once you’ve entered

your details.

MoneySaving Expert Tip 5. Consider A Pay-As-You Go Mobile To Save Money

Ask yourself this: is your mobile phone absolutely necessary? If the answer is yes, then ask yourself

whether you really need all those minutes and texts that come as part of your package. If you hand

over £50 a month to your mobile phone company, that’s £600 a year – or around £1,000 of your gross

salary. But you can buy a pay-as-you-go phone for as little as £20 and only pay for calls when you

really need to make them. One of the cheapest Pay As You Go mobile sims is available from ASDA

and can save you a lot of money every month. Again Utility Warehouse also do a very cheap mobile

phone service even if you want the latest iphone! The bill can just be added to your monthly utility

bill! www.usavecash.co.uk

MoneySaving Expert Tip 6. Make A Shopping List And Save Money

Food shopping forms a significant part of our monthly outgoings and the supermarket is where the

bulk of the money is spent. Tesco takes £1 in every £8 spent by UK shoppers. But be warned, stores

spend a small fortune studying ways of making us part with more of our money than we would

otherwise intend to. Have you ever wondered why your favourite song is playing in the background as

you navigate the aisles? Have you even noticed the background music? Possibly not, but you will

have noticed at the checkout that the bill is often more than expected. To circumvent this, simply

make a shopping list. Dig out the cookery books, plan a few meals and only buy what you need. As

a moneysaving expert   I say – consider buying ‘Own Brand’ products in the supermarket, some are

just the same quality, your just not paying the extra for the brand name and the advertisements you

see on the TV. Also consider visiting your local market or butcher for some of your food products,

you’ll be pleasantly surprised on how you can save money at these places. Saving: £10 a week =

£520 a year!! You can see how, just by taking on board a few of these moneysaving tips, you can

save a lot of money each year which you can invest in other ways.

MoneySaving Expert Tip 7. Sell Your Clutter On EBay And Make Money

Take this quick test: You’re at home. Open a cupboard. Look inside. If it’s full of clothes you haven’t

worn, or ‘good ideas a the time’ you haven’t used, for, let’s say, three years – you don’t need them. So

why not sell them to someone else who does? Ebay, the online auction house, has opened individual

sellers to a world of buyers. And you can flog anything for the cost of a small

commission. Moneysaving Expert Tip: you may want to buy a few items first to build up your rating as

a respectable eBayer before you start selling. Income: Will depend on what’s in your cupboard, one of

my friends has made hundreds of pounds by selling all the clothes they no longer wanted. Set up your

own account and get started, you’ll be surprised what people will buy. http://www.ebay.com

MoneySaving Expert Tip 8. Do DIY And Save Money

We’re a nation of obsessive DIYers and for around £100 you can take a course at your local adult

education college to improve the skills needed to tackle most household repairs. If the college runs

plumbing courses you could soon be on track to wiping out costly call-out charges and extra

insurance policies once and for all. I will admit, I am useless at DIY and have had to pay ridiculous

bills for jobs which I know probably aren’t that difficult to do, you just have to know how! I am definitely

looking into this myself at the moment which is why I thought I’d add it into this saving money piece.

B&Q also run DIY course at many of their stores across the country. B&Q Courses Saving: £100+

MoneySaving Expert Tip 9. Shop Around For The Cheapest Household/Car Insurance And Save Money

If you drive – car insurance is mandatory. Own a house – you don’t need insurance. But it’s strongly

advisable. Can you afford to foot the bill if your house burns down? Probably not. Similarly, can you

afford to pay over the odds for the same policy available elsewhere because you can’t be bothered to

shop around? Possibly, but it’s not advisable. The internet has made finding cheaper insurance easy

and you can compare hundreds of policies in minutes. As a Moneysaving Expert my favourite

comparison site is money supermarket, this is where I find all my insurance deals. I cut my Car

Insurance in half! Saving: £100’s

Moneysaving Expert   Tip 10 . Choose Cheaper Breakdown Insurance And Save Money

The breakdown sector is dominated by big names such as the AA and RAC. But being towed home if

your car breaks down is just another form of insurance like any other and there are scores of cheaper

alternatives. Check out your local Car Garages or local breakdown firms for cheaper alternatives.

Saving: Up to £100 a year

Moneysaving Expert   Tip 11 . Book Early To Save Money

Low-cost airlines have created a market in holidays for people prepared to fly to any destination

provided it’s cheap. You can benefit from this too. Just remember, only a few seats on each flight are

sold at bargain-basement prices and once they’re sold, the prices rise. So book early. There is a mis-

conception that leaving it to last minute means you’ll pick up a bargain, this is not the

case.Moneysaving Expert saving: £100

Moneysaving Expert   Tip 12 . Book Your Own ‘Package’ Holiday Online And Save Money

The popularity of High Street travel agents is waning as more and more people warm to the benefits

of researching and putting together their own holidays on the internet. If your holiday consists of

flights, accommodation, transfers and possibly car hire, then take this test. Order a brochure from a

leading holiday company and work out the price of your holiday including all the complicated

supplements. Now go online and, starting with the flights, try to put the same package together. You’ll

be surprised how much cheaper it can be if you do it yourself. Moneysaving Expert Saving: £100+

MoneySaving Expert Tip 13. Don’t Pay Full Price For Theatre Or Theme Park Tickets – Save Money

If you are prepared to tolerate the unwieldy website and hit-and-miss customer service,

lastminute.com regularly boasts some amazing deals for London’s theatres and the nation’s theme

parks. At the time of writing you can see top West End show The Producers plus a two-course meal

for less than £20 a head, a saving of £60 per person, and tickets for Chessington World of Adventures

cost from £12, a saving of nearly £50 for a day out for a family of four. Saving: Moneysaving Expert

saving – £100s

MoneySaving Expert Tip 14. Ask Yourself: Do I Really Need This Or Could I Save Money?

Imagine the scenario. It’s lunchtime and you’ve got an hour to kill. You find yourself in a department

store and there’s a sale on. You pick up a beautifully packaged selection of barbecue tools and

associated garden paraphernalia. And it’s half price. Now, stop! Ask yourself: Do I really need this?

Exactly. Now, put it down and walk away. Saving: £100

Moneysaving Expert   Tip 15 . Walk/Cycle To The Station/Work And Save Money

It maybe a bit of hippie notion to many people but it’s free and will save you a lot of money in Petrol,

which is rising in cost all the time. It will also keep you fit, which leads me onto my next tip. Saving:

£100

MoneySaving Expert Tip 16. Cancel Your Gym Membership And Save Money

If you pay your £40 a month by direct debit and you use the gym three times a week, great. If not,

cancel your membership immediately. You’ll soon save enough to buy your own bike and, if you’re so

inclined, a rowing machine. Consider running home from work three times a week. It’s free. Saving:

£480 a year!

MoneySaving Expert Tip 17. Use Your Library To Save Money

The local library is a mecca for the money saver. You’ll never need to buy another cookbook,

guidebook or lifestyle manual again and if you can bear to wait a few weeks in the queue for the latest

blockbuster, you never need to buy books again. CDs and videos are great value too. Saving: £100

MoneySaving Expert Tip 18. Avoid The – Three-For-Two Trick To Save Money

Now, there’s a lot to be said for buy-one-get-one-free deals, especially if they pass the ‘Do I really

need this?’ test. Then there’s three-for-twos; a particularly cynical way of stores to entice shoppers to

buy an extra item they would not otherwise buy. The ‘offer’ is always priced into the deal so do your

sums and shop around. Saving: It’s a principle at stake here, don’t fall for it.

MoneySaving Expert Tip 19. Buy Clothes And Presents In The Sales And Save Money

So you need a new suit and the one you like comes in at a cool £300. Wait! The chances are that you

can pick it up in the sale – and there’s always a sale just around the corner – for £150. The same

applies for birthday and Christmas presents. Buy in bulk in the sales and you not only save money,

but you enjoy stress-free pre-Christmases and no last-minute birthday worries. Moneysaving Expert

Saving: £100s

MoneySaving Expert Tip 20. Use Your Isa Allowances (Financial Advice) To Save Money

If you’re not already aware, you can save up to £3,000 a year in a tax-free savings account called an

Isa (for the more financially savvy there’s also a stocks and shares Isa). It means you don’t pay any

tax on the interest accrued so, now that your a moneysaving expert, if you have spare cash in your

current account, move it to an ISA. This is the difference between earning next to no interest and up

to £150 a year. Ask your bank for details on their ISA account. Saving: £100+

MoneySaving Expert Tip 21. Do You Need All Those TV Channels? Loose Some And Save Money.

The choice is already bewildering and with telephone-based services now being launched it’s going to

get more complicated. Packages range from the full monty, including every sports and movie channel

costing around £50 a month, down to Freeview, which is free. Choose wisely. If you are not watching

everything your paying for, down grade and save money. Moneysaving Expert Saving: £100+

MoneySaving Expert Tip 22.Avoid Extended Warranties And Save Money

Electrical goods are more reliable than ever. If your new radio won’t last three years perhaps it’s not

worth buying in the first place. Think about it: how many times has your fridge broken down in the last

five years? And do you really need the hassle of claiming for repairs to a £15 toaster? Saving: £100

MoneySaving Expert Tip 23. Shop Online And Save Money

The internet is gradually taking over. Online grocery shopping is getting better all the time and there

are plenty of comparison websites to help find the best prices for bigger items. Any

good Moneysaving expertwill tell you to give it a try, unless of course you like fighting your way

through supermarket crowds. It will also stop you making impulse buys which the supermarkets pull

you into as mentioned earlier, and you will save money in the long run. Saving: Your sanity

Moneysaving Expert   Tip 24 . The Citizen’s Advice Bureau Is Your Friend And Believe It Or Not, Can Save You Money On Debts

If your debts are out of control please seek help immediately from your local CAB – their advisers can

help you work out a sensible strategy to get you back on your feet. Saving: It could save your life

Money Saving Tips 25. Take Control Of Your Household Bills And Save Money, This Will Be Your Biggest Money Saver!

Remember take a look properly at exactly what you are paying for your Gas, Electric, Home Phone,

Broadband, Mobile Phone, Insurances etc AND SHOP AROUND. You find you can probably pay a lot

less for exactly the same thing!! http://www.usavecash.co.uk

I hope this list of MONEYSAVING EXPERT TIPS has helped you see how you can personally SAVE

MONEY in today’s difficult financial times. Don’t forget the money that you can save by doing the

smallest of things can be invested into creating yourself some financial security with an extra income

business which you could do from home in your spare time. You could start and grow yourself some

extra monthly income, alongside all the savings you can make above. It’s a win win situation! EARN

EXTRA INCOME

Please Feel Free to Add a Comment below with any Further Moneysaving Expert Tips you may wish

to share with everyone.