10 Ways To Start Saving Money TODAY

Saving money is easy for some and it doesn’t take a second thought. However, for many, saving money can be a difficult task for a multitude of reasons. Salary, outgoings, commitments, unexpected expenses occur often for many people – so despite the urge and desire to save money being present, putting it into action is the hard part. It’s important to remember that any savings are good savings. It would be impossible for most of us to save £1000 overnight, it’s a gradual process and there’s nothing wrong with how you get there. Saving £1 is better than not saving £1, it all adds up.

My old money-saving-method would be to stick a few hundred away at the start of the month, which I found too difficult, so I’ve switched it up over time. I try to be as good as possible with spending throughout the month, then transfer whatever is left in my current account, into my savings. But how do you actually start saving money straight away? Here are 10 money-saving tips.

 

Set your goals

There doesn’t always have to be a definitive reason as to why you want/need to save money, but it definitely helps. Aimlessly saving money with no end goal, can feel pointless.  So whether you need a new pair of shoes, a car or even a house – it helps to know what you’re aiming for. So with that comes…

Setting a realistic budget

Knowing what the outgoing is going to be will help you know how much you can put away and when. Whether that’s saving £50 as soon as you’re paid, or saving £5 away each week to buy a gift for someone – it will make the task more manageable and structured. It can look less daunting that way too. Setting up standing orders is a possibility too – e.g. putting X amount away each month.

Make sure you have a savings account or money pot

It’s vital when saving money, to have somewhere to put it. I’m sure if you have a bank account, you will automatically be set up with a savings account (which can have good interest rates too!). When my mum was saving for my prom in 2015, she papier-mâchéd a dress together and cut a slot in it and popped money in it every now and again. I have a holiday money bank that you have to smash to get the money out, this is where I stick any loose change I have floating around.

Cook meals & make lunch

This sounds simple, but it is so easy to order takeaway or eat out. There is nothing wrong with a treat though. For example, if you spend just £5 a day on lunch across a 5 day working week, that’s £100 a month. Being careful and planning out your weekly food shop is important too. You can spend £20 on one meal out, or £20 for the majority of a week’s shop.

Take a drink with you

I’ve grown up with taking a bottle of juice or water out with me because I get so thirsty so quickly! So instead of spending money on a drink, you can take a bottle with you. Even if you end up buying a cheap bottle of water still, you’ll probably still buy less than if you hadn’t have taken that bottle out. Every little helps. It’s also a more environmentally friendly option too!

Don’t buy what you don’t need

By all means, treat yourself, but to a certain extent. Guilty pleasures exist and it’s easy to overspend. If you don’t need it, simply don’t get it – especially if you know it will just end collecting dust or not getting used/worn.

Treats are allowed

This is not a money-saving tip as such, but more of a sanity-saving tip. If you’re just saving and saving, you won’t ever enjoy the money you’ve worked hard for. So if you’re out shopping and see something you’ve always wanted or it really catches your eye – get it! Buying the odd treat here and there is less likely to make you splurge, surely? And if you’ve finally saved up enough for what you were saving for, there’s even more reason to treat yourself.

Vouchers and discount codes

Who doesn’t love a bargain? I used to laugh at my mum who would never check out without getting some money off or asking at every shop till “do you take this voucher?”. Now, I’m with her. Why would you not want to save money?! And you can save some big money too! Groupon, Student Discount and loyalty cards to name a few. From being a loyal Tesco customer, I  received £8 in vouchers, which doesn’t sound like much, but it meant I could get 2 books from their 2 for £8 range and I didn’t spend a penny!

Buy second hand

Speaking of books like above, I have recently discovered worldofbooks.com and brought 3 second hand books for less than £10 with free UK delivery! You can get second hand everything; clothes, cars, furniture etc. Places like Facebook Marketplace, Gumtree and Vinted are gold mines for affordable goodies, often as good as new – they’ve just been extra loved!

Ditch unused memberships

I feel like gym memberships are probably the ones that are most forgotten about, but if you’re paying £30 odd each month for a service you’re not using, that’s money wasted. The same goes for book and music subscriptions, if you’re not using it, don’t waste your money on it. There’s nothing wrong with getting that membership again in the future, but for the time being it’s worth saving that bit extra.

So there we have just 10 ways you can start saving money immediately. I’m not a finance guru, but I have successfully saved money over the years, so wanted to share how I’ve achieved this. Buying what you were saving so hard for is so rewarding too. If you have any money-saving tips you swear by, I would love to hear them down below in the comments – let’s help each other save that dollar.

Until next time,

Emily x

26 thoughts on “10 Ways To Start Saving Money TODAY

  1. Rachel says:

    These are really good tips, and I have to agree on the cooking one. It’s my largest pitfall b/c I’m often so busy and I don’t love the kitchen all that much, but cooking at home not only saves a ton of money, it’s also a lot healthier. Thanks for the reminder!

    Like

    • emilygabriellax says:

      I’m the exact same! After a busy day slaving away over the hob is the last thing you wanna do, but it does definitely help! Thank you for reading and commenting 😊

      Like

  2. Claire says:

    These are really great tips Emily.
    I bank with Halifax and they do something called save the change, it’s bloody brilliant. If you spend day £1.05 on your card, the bank round it up to the nearest pound and put the 95p in to your savings. I’ve been doing it less than a month and saved £60 without trying x

    Like

  3. Hannah says:

    Some fab tips here! I always try and take lunch and a drink with me to work as I work in a shopping centre it can be so easy to pop out for lunch and spending a fortune.

    Like

    • emilygabriellax says:

      It’s so tempting when you’re hungry to buy more than you need too! Thank you for reading and commenting 😊

      Like

  4. Naomi (Inching Forwards) says:

    I love this post and I love that lots of these are great for the environment too (not just taking a bottle, but also preparing more meals at home). I do the same as you with saving too – anything left at the end of the month goes in – it helps make sure I live within my means too 🙂 thank you for sharing!

    Like

  5. Millie says:

    HOW DID I MISS THIS POST!? I legit got called tight today because I saved a lot and didn’t want to spend my money on something someone else thought I should! These are some great tips tortimer – thanks for sharing!

    Like

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