Fashion & Lifestyle Blog
March 15, 2018

If you ask someone what his New Year’s resolution is, he will probably tell you that one of them is to cut down on spending or to save more money. If you have the willpower and you really want to succeed in your resolution, this is for sure achievable. But a lot of people lack discipline and more often than not, they only try to save at the beginning of the year and will eventually go back to their ways in the next months. If you do not have a good plan to start with, the possibility that you will fail is higher. Have a budget and stick with it and be disciplined when it comes to money.

Do not panic when some unexpected expenses come up, like your laptop or car needing to be repaired or your pet suddenly gets sick and needs to be taken to the vet. There are a couple of things that you can do wherein those extra savings can come in handy.

Lifestyle

Coffee

According to research carried out by MyVoucherCode, people in the UK visit coffee shops at least three times per week. Brits visit coffee shops around 156 times a year with an average spend of £8.52. Wouldn’t it be more practical if you make your own coffee and bring it to work? Branded coffee company, Douwe Egberts, has said that a 250g pack of ground coffee can make up to 30 cups. When looking to see how much a 1kg pack would cost, Amazon has priced the coffee at around £15, meaning that each cup of coffee would cost close to 13p. You might say it is just coffee, but it does make a big difference if you sum it all up. Instead of buying, just bring your own coffee.

Smoking

This is a hard habit to break but it is absolutely attainable. Just think of the diseases that you may get from doing it and the increase in prices and you will certainly try to quit. You could save a whopping £3,796 (if you smoke 20 a day) once you stop.

Lunch

If you are way too busy or you do not know how to cook, what you normally do is buy your lunch on the way to work or in the cafeteria or wherever you want to have lunch. But what if we told you that, on average, forking out for lunch everyday could cost you £1,288 according to research carried out by VoucherCloud. Imagine just how much you can save if you bring your own food. You might say that you do not know how to cook but you can actually do some simple dishes or probably make a sandwich.

Traveling

To save on commuting or traveling there are a couple of things that you can do. Use a megarider ticket because with this you will be able to travel as much as you want and can tailor your own needs to the ticket type. Whether you are in need of a weekly Bus Prices for your travels, or a monthly one — you will find yourself making a huge saving compared to purchasing a ticket daily. You will be surprised at how starting off with something small can bring you huge amounts of money in the bank.

Did you know that the average motorist in the UK will spend an astonishing £168,880 over their lifetime? Since public transport has become more efficient, it is more practical to not ride your car and instead ride a bus or train.

Servicing a vehicle can cost up to £441 over a twelve-month period depending on the individual’s situation. MOTs can cost up to £168.46 annually. Gasoline can cost a driver £1,052.04. The cost of parking is also rising and there seems to be a higher demand for it because there are more vehicles on the road. When it comes to insurance, this can sway dramatically as younger drivers will find themselves paying a higher cost to be on the road — on average, insurance costs an experience driver £436 every year. Tax can equate to £116.35 on a yearly basis. Car supplies can cost a driver £29.61. If ever you get a speeding ticket, you will also pay a hefty amount for that. So a megarider ticket is the answer.

Unexpected expenses

We have all been victim to an unexpected expense, with 54% of 2,000 people asked saying that they suffered from an unexpected expense within the household. On average, these costs totalled £248.70 — showing that any saving is beneficial for occurrences like these. 47% of these issues happened in the kitchen, a room which is essential to the day-to-day running of any home, and if you do not have the money to pull out instantly, it could cause an everyday stress. The savings you would have made by taking your own lunch and coffee to work, quitting smoking, and traveling smarter could have been handy. It was also found that 35% of people had to use a credit card to cover the costs of unexpected expenses. So it really pays to be prepared and to have some savings when there are unexpected expenses.

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