10 Life Hacks To Save You Money

1st April 2015 Chris Clark Careers and Finance

Piggy bank

Are you wondering why your bank balance keeps mysteriously plummeting? Do you want to go into the summer with some money to go off on holiday? Try these great tips to save money while still not completely cutting yourself off from a social life.

Buy Fresh Food

Cooking fresh ingredients is often healthier and will save you money. When cooking yourself a meal it is often best to cook more than you need and save half for a meal later in the week, or freeze it for a convenient meal another time. Another real money saver (as well as a healthy option) is cutting out meat on certain days of the week. There are some great veggie recipes here.

Opt for Water

Instead of completely abstaining from meals out and putting your social life at risk, try drinking tap water at cafes and restaurants instead of alcoholic or other expensive drinks. It is also a wise option to drink soft drinks or water between alcoholic drinks on nights out.

Learn How to Mend Clothes

This is a trend which has grown in these days of economic uncertainty and people looking to get more value out of items they have invested in. Instead of running to Primark every time you get a tear in your dress, get the sewing kit out. You can also save money by buying quality in the first place rather than requiring a whole new wardrobe every few months.

Sewing equipment

Shop Smart

This idea of spending more initially to save long-term also works for buying items in bulk. Shops such as Costco and Makro are great for handy things like kitchen foil and toilet roll, but you can also go for bulk-buying in ordinary supermarkets.

Use Wifi

Is it necessary to use up all your data to check your Instagram feed whilst walking to lectures? Turn off your mobile data when it is not needed to save extra charges on your contract. There aren’t many places these days that do not provide free WiFi.

Save Water

If you do pay your bills and they’re not included in your rent as with Urbanest accommodation, you may want to take measures such as only filling up a kettle with the amount of water you need and limiting the time you take in the shower.

Power Off

It’s surprising how much money you don’t know you are spending on your electric bills by leaving appliances on standby instead of switching them completely off. Get into the habit of switching things off at the plug sockets and watch your bills go down.

Turning off TV

Low Temperature Washing

It is unusual for it to be necessary for clothes to be washed at anything higher than 30 degrees. Again, this will save money on your energy bills.

Walk More

No-one enjoys taking public transport. When you have the time and energy, walk to where you need to go – it will help you discover new places around where you live.

Need a Phone Contract?

This is quite an extreme measure but is it necessary to have a phone contract anymore? With apps like Viber, WhatsApp and Facebook Messenger and the ubiquity of free wifi, it is as easy to keep in contact with people online just using your device.

Try these life hacks yourself and see how much healthier your bank balance looks after a month. Let us know how you get on in the comments!

Chris Clark

Chris Clark

For more great posts from Urbanest about accommodation, London life, study tips and much more, visit the Student Journal.