Kick Off The New Year With Some Money Saving Tips

This year I’m attempting to be money savvy, and before you start quoting some of my Instagram posts about how I’m not making new years resolutions, this isn’t something I’m planning on doing for a few months then forgetting about, I’ve been looking at ways I can make cut back all year round. (keep a look out for a post coming up on quick cutbacks to see you to the end of the month too.) 

I’ll step straight to it, and let you know some of the tips I’ve compiled;

Start by writing a list of what a typical month’s spending looks like by writing down all your direct debits and standing orders. These are the regular payments which you can base your outgoing on, things like food and clothing can vary which requires a different cut back formula. Taking baby steps and starting this way is much easier to stick to. I did this recently and realised I was still paying for a washing machine breakdown plan which I didn’t even own! 

Look at when you can switch energy suppliers, there’s no excuses anymore, it’s beyond simple by using a price comparison website and having your latest bill handy. I already saved £21 a month just by doing these 2 things. Same goes for mobile phone bills, look at your monthly usage and compare it to switching to a sim only deal, we did this recently via TigerMobiles.com who had the best deal at the time. If you’re happy with your current mobile then why bother with a flashy new handset. Keep your existing one, and add up the savings, even if it’s only for 6 months, then upgrade when you really need to and pocket the savings.

some money saving tips to do today and start saving straight away

Don’t forget to look at any cash back you could by switching via sites such as Quidco. Same applies if you’re changing providers, using a cashback website can really bump up the savings!

I also set up a direct debit into my savings account to help pay for my car, home and buildings insurance annually instead of monthly. You always pay interest on the later and by paying off in one go when it’s due will save me nearly £100 a year. 

Finally, if you’re paying off a credit card look at switching to a 0% balance transfer and setting up a direct debit to cover the repayment over the months which it’s 0%. Just remember, when the new card comes in the post, cut it up. Chances are you won’t be getting further purchases at 0%, if you can manage without a credit card, cutting it up will stop any temptation. If you do need one, however, look at one which has cash back incentives or 0% new purchases.

I’m making 2018 the year of no credit cards and living within my means, eldest will be off to Uni next year which I’ve got a feeling will be an expensive time for us both! 

some money saving tips to do today and start saving straight away

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My experience of Digital Mortgage Broker Habito.com

I’m very British in that I’m not very comfortable talking about money sometimes. It’s not that I have anything to hide, I just like to keep some things private (yeah, that’s right, a blogger who keeps some private, you can’t put those eye brows down.) This is one thing I’ve had to overcome though recently as one of the huge downfalls of divorce, part from the blindingly obvious, is that you have to disclose every single penny you earn and spend to your solicitor and future ex spouse.

So while I’m on this big money sharing adventure <cough> I thought I’d write a post on one of the things I’ve had to do recently to help keep a roof over my kids heads and start a new independent life and that’s remortgage my house. No mean feat I should add at this point given the fact I’m self-employed and mortgages are pretty hard to come by at the moment.

Throw in the fact I’m a single mum of 3, working like crazy to try to raise said mortgage, so time is not in abundance to scour the internet. Which is why I am putting the task into the hands of the professionals and using digital mortgage broker habito.com to see if they can work miracles for me.


After an initial 5 minutes quick round of questions which helped give me a general idea to find out my maximum borrowing amount, along with an illustration on how much my payments would be, it was onto the next round. There are no credit checks at this point which is a relief!

It was then onto more detailed set of questions, still in the friendly, easy to follow format and again didn’t take much time. Finally I answered a few future plans questions, like do I intend to have more children, move ect which gave little snippets of advice on which style mortgages would be better for me.

My experience of using a digital mortgage broker

 

Once that was all completed it was then all down to the option of having a chat with an adviser either though live chat or telephone. I’m a huge fan of live chat as I often have an equally chatty 3-year-old who battles for my attention the minute I get on the phone.

And that’s where I’m going to leave it there as my British-ness has kicked in again and what goes on between me and Habito.com stays between Ali & Habito.com. But I can say that it’s was quick, stress free and that I’m still sticking by my claim that some things are worth leaving to the professionals.

My experience of using a digital mortgage broker

Disclaimer

I am a member of the Mumsnet Bloggers Panel, a group of parent bloggers who have volunteered to review products, services, events and brands for Mumsnet. I have not paid for the product or to attend an event. I have editorial control and retain full editorial integrity. I have received a voucher in return for writing this post.

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