Nifty ways to save money each month 

It’s easy for small expenses to slip under the radar, quietly stacking up month after month. But once you take a closer look, you’ll likely spot opportunities to save a bit of cash without compromising on your lifestyle.  

Here are some practical ways you can cut costs, make your money go further, and feel just a bit more comfortable with your finances. 

Review your subscriptions and direct debits 

Take a moment to check your bank statement for any recurring payments you’ve forgotten about. Monthly subscriptions, like gym memberships or streaming services, often continue unnoticed even if you’re no longer using them.  

Unsubscribing from unused services can be a quick win. For example, if you’re paying for a magazine subscription you haven’t read in months, cancelling it could save you £5 or £10 every month.  

Similarly, check direct debits like mobile phone contracts or internet services. Sometimes, a quick call to your provider can reduce your rate or help you find a better deal – especially if you’re nearing the end of your contract. 

Switch to telematics insurance for driving 

If you’re a cautious driver or you don’t use your car often, consider switching to telematics insurance, where your premium is based on your actual driving behaviour. Insurers use a small device in your car or a smartphone app to track how safely you drive.  

If you’re careful on the road, you’ll likely see your premiums drop. For example, if you’re driving at quieter times or taking fewer risks behind the wheel, you could save a substantial amount every year.  

It can help to lower your costs, but also encourages safer driving. 

Plan meals and reduce food waste 

Meal planning is a simple yet effective way to cut down on your food expenses. By planning your meals for the week and sticking to a shopping list, you’ll avoid impulse purchases and reduce the likelihood of throwing food away.  

For example, if you know you’re making pasta on Monday and a stir-fry on Tuesday, buy only the ingredients you need to reduce the chances of leftovers going off. You can also make use of leftovers by repurposing them into new meals – like turning a roast chicken dinner into chicken sandwiches the next day.  

If you start being mindful about portions and waste, you’ll find your grocery bill shrinking without too much effort. 

Use cashback and reward schemes 

Take advantage of cashback websites or loyalty schemes. These programmes are often overlooked but can add up over time.  

Many supermarkets and retailers offer reward cards that let you earn points or cashback every time you shop. If you regularly shop at a certain store, signing up for their rewards programme could net you discounts on future purchases or even freebies.  

Some credit cards also offer cashback on your everyday spending, helping you earn back a small percentage of what you spend each month. Make sure to use these rewards to offset future expenses, giving you a little extra money in your pocket.