The best ways to save money in life and around the house

We all want to save money and spend a little less, but actually making that happen is easier said than done. If you’ve tried to spend less in the past and completely failed, don’t worry. We’ve all been in that situation, but it doesn’t mean you can’t make positive changes and start saving money today. Here are some of the best ways in which you can save money in life and around the house.

Switch to a cheaper mortgage

First of all, you should think about how you pay for your home. If you have a mortgage and it’s weighing you down a bit, maybe you should think about switching to a deal that’s slightly longer but allows you to spend a little less of your income each month on it. Cheaper mortgages can save you money in the short-term, making life more comfortable.  (You will obviously pay more in the long term, so do take this into account and decide what is best for your current situation).

Another option is to make overpayments on your existing mortgage. This can greatly reduce the term of your mortgage and the interest you are paying. In some cases, people can save up to £50k on their mortgage when making overpayments without incurring fees.

Know what you’re going to buy before you buy it

Before you actually buy anything for the home or anything in general, you should have a clear idea of what you’re going to get. If you start the shopping process before you really know what it is you need to get, you might be tempted by a lot of things resulting in impulse purchases. This doesn’t happen so much when you’re clear in your mind about what you need to buy.  If it’s a large purchase then you definitely don’t want to impulse-buy and end up with the wrong thing!  Take a day or two to think about whether you really need it, will it improve your life and can you afford it?  Once you’ve made the decision to buy, then shop around for the best deals and always remember to get cashback on your online purchases.  Always check for online vouchers too at sites such as dealsdaddy who often have voucher codes for home related products, furniture, gardening equipment and more.  That way, once you’ve decided what you want to buy, you’ll make sure you’re getting the best deal on it too.

The best ways to save money in life and around the house

Image Source

Downgrade or cancel subscriptions

Many of us have subscriptions in the home. These might be TV subscriptions that allow us to access sports or certain channels on the TV. Or they could be magazine subscriptions, garden box subscriptions or a whole host of other things too. The subscription industry really has boomed in recent years and we’ve often been tempted to try out new services and subscription boxes.  You should look at downgrading or cancelling the subscriptions you don’t really need because this can actually save you a lot of money.  Only stick with those you regularly use and that add value to your life.

Be more energy efficient in the home

Taking steps to become more energy efficient in the home will save money as well as being more eco-friendly.  Tankless water heaters only heat the water when you want to use it, and it’s this that allows you to save money compared to the other water heating options. So if you want to save some money in your home each day, it’s definitely a good idea to choose a tankless water heater. Find out more about them at if you want to make a change.

Save money on your energy bills

If you’ve been with the same energy company for a year or more, then it’s likely you can switch deals without an exit fee.  Some energy companies even let you switch without a fee.  We switched to 100% renewable energy company Bulb this year who offer to pay any exit fees you have from your current supplier!  We also got £50 credit towards our first bill and they are cheaper than the Big Six.  To get £50 credit for yourself, sign up using my referral link here: 

Buy in bulk when you can

When you can, you should think about buying food items in bulk. This is a smart idea because it allows you to save a lot of money on food items that you would otherwise have paid more for overtime. Things like pasta, rice and tea are all great for buying in bulk because they can last for a very long time without any problems at all. So definitely look into this and work out how much you could save.  It’s also a good idea for household items such as toilet roll, towels, cleaning products and so on.  Buying in bulk means you’ll get a much lower price per item rather than buying singles.

We can all benefit from saving money a little more than we usually would. Having that extra cash available and not being quite so financially constrained each month has got to be a good thing for you and your whole family.   We often read advice such as the above, but we really need to implement it to start seeing the savings, so go ahead and start making some changes today!

What to read next:

5 benefits of building your home with sustainable materials

Cost-effective kitchen upgrades that give a good ROI

How to build your own veranda for under £500

Please pin me to your money and home boards:

The best ways to save money in life and around the house.png

Leave a Reply