{"id":26620,"date":"2024-10-01T07:40:04","date_gmt":"2024-10-01T07:40:04","guid":{"rendered":"https:\/\/www.lendingstream.co.uk\/blog\/?p=26620"},"modified":"2024-10-01T07:40:08","modified_gmt":"2024-10-01T07:40:08","slug":"best-ways-to-save-money","status":"publish","type":"post","link":"https:\/\/www.lendingstream.co.uk\/blog\/best-ways-to-save-money\/","title":{"rendered":"7 Best and Easy Ways To Save Money In 2024"},"content":{"rendered":"\n<p>We all know the importance of saving money, life would be so much easier if we were financially stable. But how do we get there? Well, we could spend less on luxury items and control unnecessary spending, but this makes saving sound hard.<\/p>\n\n\n\n<p>And these days, with the cost of everything going up, it feels harder than ever to save. But don\u2019t despair because we\u2019ve got tips that can help.<\/p>\n\n\n\n<p>We\u2019ve found ways of saving that won\u2019t make you feel like you\u2019re going without. Little by little, you\u2019ll start to grow a pot of money for yourself, but you\u2019ve got to start somewhere. <strong>So, let\u2019s start here.<\/strong><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f3233234220\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f3233234220\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/best-ways-to-save-money\/#1_stash_your_cash\" >1. Stash Your Cash<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/best-ways-to-save-money\/#2_put_some_money_into_a_savings_account_every_month\" >2. Put Some Money into a Savings Account Every Month<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/best-ways-to-save-money\/#3_start_a_joint_savings_challenge\" >3. Start a Joint Savings Challenge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/best-ways-to-save-money\/#4_save_with_loyalty_cards\" >4. Save with Loyalty Cards<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/best-ways-to-save-money\/#5_can_it_be_repaired_rather_than_replaced\" >5. Can it be Repaired Rather Than Replaced?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/best-ways-to-save-money\/#6_save_on_travel_costs\" >6. Save on Travel Costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/best-ways-to-save-money\/#7_save_your_pay_rises\" >7. Save Your Pay Rises<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"1-stash-your-cash\"><span class=\"ez-toc-section\" id=\"1_stash_your_cash\"><\/span><strong>1. Stash Your Cash<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>These days, we tend to pay for everything with a card. But sometimes, you may carry some cash on you. Whatever cash you&#8217;ve got leftover at the end of the day, put it away into a jar or a money bag. It might not seem like you\u2019re saving much, but over time it builds up.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"2-put-some-money-into-a-savings-account-every-month\"><span class=\"ez-toc-section\" id=\"2_put_some_money_into_a_savings_account_every_month\"><\/span><strong>2. Put Some Money into a Savings Account Every Month<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This is an easy but effective way of saving. On the day that you get paid, put some of it straight into a savings account. Set up a standing order from your bank account so you don&#8217;t have to think about it. That way you won\u2019t run the risk of spending everything you\u2019ve got, and you\u2019re less likely to miss the money.<\/p>\n\n\n\n<p>Before long, you\u2019ll have an emergency fund to fall back on when you need it. This is a much better option than taking out a <strong><a href=\"https:\/\/www.lendingstream.co.uk\/loans\/short-term-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">short term loan<\/a><\/strong> to pay for an unexpected expense.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3-start-a-joint-savings-challenge\"><span class=\"ez-toc-section\" id=\"3_start_a_joint_savings_challenge\"><\/span><strong>3. Start a Joint Savings Challenge<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>For this one you need to open a savings account with someone you can trust \u2013 maybe your partner or family member. Each of you has to pay the same amount into the account each month. If either of you fails to make your payment, you have to pay a forfeit. You can decide what the forfeit is before you start saving.<\/p>\n\n\n\n<p>The key here is that by being accountable to someone you\u2019re more likely to stick to it. You\u2019re also less likely to spend what you\u2019ve saved.<\/p>\n\n\n\n<p><strong>Checkout our guide on: <a href=\"https:\/\/www.lendingstream.co.uk\/blog\/1p-saving-challenge\/\" target=\"_blank\" rel=\"noreferrer noopener\">1p Saving Challenge \u2013 Save \u00a3667.95 in a Year<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"4-save-with-loyalty-cards\"><span class=\"ez-toc-section\" id=\"4_save_with_loyalty_cards\"><\/span><strong>4. Save with Loyalty Cards<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Instead of using cards to spend money on, collect cards that you earn points on. Stores like Tesco and Boots have loyalty cards that can save you money. Tesco give you discounts, while Boots give you points to spend on products. Coffee shops often have loyalty cards that give you a free coffee over time. If you\u2019re shopping online, always search for discount codes to enter at the checkout. You\u2019ll be surprised at how much you can save.<\/p>\n\n\n\n<p>Every time you save on a discounted or free item, put that money you would have spent into savings. It\u2019s another way to keep topping up your savings pot.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"5-can-it-be-repaired-rather-than-replaced\"><span class=\"ez-toc-section\" id=\"5_can_it_be_repaired_rather_than_replaced\"><\/span><strong>5. Can it be Repaired Rather Than Replaced?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>We tend to think that nothing lasts forever so if anything breaks down, we just replace it with a new one. But that\u2019s not always the answer. Earlier this year a \u2018right to repair\u2019 law came into force. This means that manufacturers have to make spare parts available for washing machines, dishwashers, fridges and TVs.<\/p>\n\n\n\n<p>Next time something stops working, ask your local community if anyone knows of someone who can do repairs. See if you can get it fixed instead of buying a new one. It could save you hundreds of pounds on a replacement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"6-save-on-travel-costs\"><span class=\"ez-toc-section\" id=\"6_save_on_travel_costs\"><\/span><strong>6. Save on Travel Costs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Now we\u2019re getting over the pandemic, more of us are going back to work in offices instead of working at home. With the costs of fuel rising, look at how to save on your commute. Would a season train ticket save you money? If you work part time look for a more flexible ticket. There are some that let you travel for say 8 days, but you can use it over a 28 day period.<\/p>\n\n\n\n<p>If you do have to drive, consider car sharing. Everyone who\u2019s travelling to the same place can contribute to the overall costs of using one car.<\/p>\n\n\n\n<p><strong>Checkout our guide on: <a href=\"https:\/\/www.lendingstream.co.uk\/blog\/how-to-save-money-on-water-bill\/\" target=\"_blank\" rel=\"noreferrer noopener\">How To Save Money on Your Water Bill<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"7-save-your-pay-rises\"><span class=\"ez-toc-section\" id=\"7_save_your_pay_rises\"><\/span><strong>7. Save Your Pay Rises<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you\u2019ve been used to living on a certain level of income, stick to it. Any time you get a pay rise or bonus payment, put this extra money into savings. Even better, put it into your pension and you won\u2019t have to pay tax on it.<\/p>\n\n\n\n<p>Because you\u2019re not used to having the extra income, you won\u2019t miss it. But you\u2019ll be grateful you\u2019ve got that extra bit saved for your future.<\/p>\n\n\n\n<p>These are just some ways to get you started on building up your savings. They\u2019re simple ways of putting money away that won\u2019t make you feel like you\u2019re missing out. Remind yourself daily to follow these <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/best-budgeting-tips\/\" target=\"_blank\" rel=\"noreferrer noopener\">simple budgeting tips<\/a><\/strong> so that they become a habit. Over time, you\u2019ll reap the rewards when you see your savings grow. Saving money can be easy when you know how.<\/p>\n\n\n\n<p><strong>Disclaimer:<\/strong> Please note, we are not providing financial advice. Our blogs are written for informational purposes only.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We all know the importance of saving money, life would be so much easier if we were financially stable. But how do we get there? Well, we could spend less on luxury items and control unnecessary spending, but this makes saving sound hard. And these days, with the cost of everything going up, it feels [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":26621,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[139],"tags":[],"class_list":["post-26620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money"],"_links":{"self":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/26620"}],"collection":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=26620"}],"version-history":[{"count":2,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/26620\/revisions"}],"predecessor-version":[{"id":28023,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/26620\/revisions\/28023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/media\/26621"}],"wp:attachment":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=26620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=26620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=26620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}