If you’re looking for ways to save money and make your income go further, you need to take some action. Making some quick and easy changes to your spending could help you free up some money and finally help you reach your savings goals – no more scraping by until your next payday.

Want to know how you could slash your bills in one hour? Take a look at these useful tips.

Photo by Sora Khan on Unsplash

Cut down on your insurance

Cutting down on your insurance premium is one quick and simple way to reduce your outgoings. All it takes is a few minutes to find a new deal. Sometimes, you might not need your insurance to be as comprehensive as it is, especially for an older vehicle. It’s worth taking a look at some specialist quotes for the type of vehicle you have, such as a van or motorbike to help you find the right deal. You can find out more, here. Compare quotes regularly to make sure you’re always getting the best deal!

Switch energy providers

Energy providers all want your business and are therefore likely to offer a competitive deal. If you’ve been with the same provider for a long time, it’s worth seeing if other providers will offer you a better rate on your energy consumption. Many providers will also give you an incentive such as a cash reward or gift vouchers for switching over, so it’s worth trying if you think you could be paying too much each month. Check out some cheap energy deals to help you get started.

Find a cheaper phone contract

A mobile phone can be a major expense, and there are always better deals to be found if you’re smart. Buying the phone outright (or with 0% interest) and getting a sim-only deal could be one way of reducing your phone bill, stopping you from paying over the odds for a phone. This way, you won’t be tied into a 24-month contract either, allowing you to benefit from a new release sooner, while being able to sell your old phone for a worthy sum.

Cut the expenses you don’t need

It’s easy to waste your money each month on things you don’t need. Are you a member of a gin club? Or maybe you have a gym membership that you barely use? Look through your monthly statement and work out if there are some expenses you can simply cut out of your life. It’s fascinating to see how much people spent on Netflix during lockdown, and could be a bit of a wakeup call if you are one of the people who barely used it! 

By taking a little time out of your day, you could easily save some money on your bills and bring your monthly spending down. Simple changes can make a big difference, helping you save £100s more over the course of a year. Set yourself a challenge and see how much you could save in one hour!