Money saving efforts are boosting people's finances by an average of £596 a year. The survey commissioned by Gocompare.com revealed that 45% of people looked for ways to save money out of necessity. Below are listed the favourite money saving tactics together with links to relevant money saving articles from MoneytotheMasses.com
Rank | Favourite money saving tactic | % who use tactic |
1 | Use vouchers, coupons, money-off apps to get discounts - Three websites to slash your food bill | 50 |
2 | Take a packed lunch to work | 44 |
3 | Use loyalty and cashback schemes - The top-paying cashback credit cards revealed | 41 |
4 | Turn the thermostat down to reduce heating bills | 41 |
5 | Do more home cooking and batch cooking | 39 |
6 | Cut down on takeaway meals | 39 |
7 | Shop around for insurance - How I saved £500 on my car insurance | 38 |
8 | Keep a coin jar and save change | 38 |
9 | Switch energy supplier - How to find the best deal for you, switch supplier and get cashback in 17 mins | 29 |
10 | Cut out takeaway coffee/coffee shop treats | 28 |
11 | Draw up a budget and stick to it - Start 'big picture' budgeting | 28 |
12 | Plan meals, make a shopping list and stick to it - Only take cash shopping (and why) | 27 |
13 | Switch to a cheaper supermarket - The browser add-on that will slash your food bill | 27 |
14 | Don’t impulse buy – sleep on it | 25 |
15 | Only use cash – not cards - Ground your wallet | 25 |
16 | Take your own treats to the cinema | 25 |
17 | Buy second-hand instead of new, use sites like eBay or Freecycle - Make cash from your attic | 24 |
18 | Review your satellite or cable subscription or cancel it altogether | 21 |
19 | Don’t use a tumble dryer | 20 |
20 | Never grocery shop on an empty stomach | 20 |
21 | Review your mobile phone contract or come off a contract altogether - Halve your mobile phone in just two minutes | 19 |
22 | Leave the car at home and walk or use public transport | 19 |
23 | Cut up your credit cards | 15 |
24 | Transfer all credit card debt to a 0% card | 15 |
25 | Holiday in the UK rather than abroad | 11 |
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