Almost everybody is feeling a strain on their pockets due to the credit crunch and the global recession. For us Brits, I strongly recommend you pay a visit to Martin Lewis’ MoneySavingExpert.com website. Martin Lewis is fairly well known as a UK consumer champion these days, often appearing on TV shows such as ITV1’s Tonight and Five’s “It Pays To Watch”. The MoneySavingExpert website and weekly newsletter always has some fantastic tips and offers which could easily save you hundreds every year.
A couple of picks:
- Cheap restaurant deals – It’s amazing just how many restaurant chains are offering 2for1 on meals. We use these deals all the time when we go out for meals with friends or family. After the discount, it often turns out that you pay more for a glass of Coke than for the main meal you had. Some of the deals don’t work between Thursday and Saturday as those tend to be the busiest days for restaurants… check the small print first.
- Supermarket shopping – The challenge to downsize one brand and see if you can notice the difference. For example, trying items from the “Sainsbury’s Basics” or “Tesco Value” ranges. My personal experience is that on the whole, the value brands don’t tend to be too bad at all. Take tangerines – the Basics tangerines don’t look great on the outside but once you’ve peeled them, you wouldn’t notice a thing. In fact, I prefer the taste of the Basics tangerines to the ‘Taste the Difference’ ones but of course this isn’t a scientific double blind experiment.
- Cashback sites – If you shop online for technology or electronics items, this one can save you loads. One of my friends claimed that he managed to get a £35/mo. phone contract (with a free phone) for just £5/mo after cashback.
- Cheaper petrol and diesel – Fuel costs ridiculous amounts in Britain. But you can easily improve the efficiency of your car and make it use less fuel – for example by ensuring the tyres are correctly inflated, turning off the air conditioning or practising eco-safe driving.
- Cheap train tickets – You can save loads by booking in advance and by splitting your ticket. I recently managed to travel for £15 return on a journey which would have cost £80 full fare. This was achieved by a) booking in advance, b) buying two singles and c) buying a ticket to the station which I would have had to change at anyway and then a separate ticket for the rest of the journey.
I also strongly recommend signing up for the weekly newsletter which is very good. It’s the best way of making sure you know about those time-limited deals.