Think Outside the Box for Savings

Modern consumers are ambivalent about buying goods and services. On one hand, consumers understand various expenses are a natural part of daily life, propelling a steady cash flow cycle of earnings and payments. Though UK consumers accept most of these costs of living, they also naturally want to secure the best possible deals on the things they buy. Fortunately, creative cost cutting helps countless UK families stretch their financial resources, without sacrificing their standard of living.

Money saving methods are not limited to a certain spending area or a single type of financial obligation. On the contrary, you can reduce spending in almost every category, by dedicating yourself to proven, frugal solutions. Some money saving ideas are straightforward, such as flipping the light switch when you leave the room. But other cost-conscious spending strategies are a little less apparent, without extra focus on your cash handling habits. Though they may be more obscure than some well-known cost cutting measures, embracing these unique spending solutions can have a noticeable impact on your bottom line.

Savings Around Every Corner

Dedicating yourself to saving money may require minor adjustments to the way you view your financial responsibilities. However, once the discipline is in place, you’ll continue saving money for the rest of your life (or as long as you stay true to the cause). When it comes to reduced spending, don’t count out money saving moves, just because they seem unusual. You may actually find these unique, creative solutions make life more affordable, without compromising your lifestyle.

Visit the Library – Entertainment options are widespread, from reading books on devices, to attending live events. Though most of these leisure distractions come with a price attached, a valuable local resource is also available, free of charge. The library provides access to many of the same entertainment sources vendors compete with one another to sell you. Why not take advantage of this free resource? Bestsellers, cookbooks, audio media, magazines, and other informative, entertaining materials are yours for the asking at the library.

Find Frugal Finance – It’s easy to pay too much for financing, but resources are available to help you avoid overspending for access to credit. From car loans to payday funding, you can explore lending options online, comparing rates and terms from multiple lenders, side-by-side. Most loans are quickly funded, without requiring a formal credit check, so your online application is all that’s needed to get started.

Evaluating your revolving credit costs may provide another avenue for savings. Do you carry-over excess credit card debt from month to month? Are you making only minimum monthly payments on your credit accounts? If you answered “yes” to these questions, you may be trapped in a negative debt cycle, caused by high credit card interest rates. Finding a more cost-effective credit solution can help stabilise your finances and reduce your overall cost of credit.

Get a Student Haircut – Teaching salons and schools sometimes offer discounted haircuts and beauty services. It’s a bit of a leap of faith to trust your coif to an unproven stylist, but the savings are worth the trepidation. You still get to choose the style you want, and even a less-than-satisfactory result will grow out, without lasting effects.

Workout With YouTube – YouTube adverts are a minor irritation, considering the breadth of free content found on the site. Working out with YouTube is a frugal hack you can use to eliminate the cost of a gym membership or fitness subscription. There’s substantial variety posted, so you should be able to find fitness videos appealing to your workout habits – without spending any money.

You can’t escape customary living expenses, which can be hard to cover every month. But cost-conscious United Kingdom consumers have a strong sense of value and enduring commitment to saving money, whenever possible. From mainstream suggestions, such as energy conservation, to these less conventional frugal measures; spending hacks can help you achieve financial balance and stability.

Paul graduated in 2001 with a degree in Finance. Since then he has gone on to work for several of the UK's most well-known financial institutions.

An avid blogger and a huge football fan, Paul is here to guide you through the ins and outs of personal finance and perhaps save you some money in the process!

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