10 Methods Of Saving Money For The Whole Family

10 Methods Of Saving Money For The Whole Family

How to save money

The burden of living costs are a consistent headache, which inevitably become bigger when your family grows. It’s always handy to know extra ways of saving money for yourself and your household. So we’ve created a short list of 10 easy ways to save cash on your outgoings.

  • Shopping Smart

Sticking to a weekly grocery shop reduces any impulsive and unnecessary purchases. Getting everything you need in one shop will prevent the temptation of buying other treats. By meal planning, you will know exactly what you need for breakfast, lunch and dinner and won’t be swayed by the allure of a takeaway.

  • Diarising Sale Seasons

Knowing when sales are about to hit the shops is very convenient. The cheaper retail prices will allow you to fill up on items and fill your shelves until the following year. Different seasons generally tend to market sales for different items, so keep an eye out and mark them in your diary.

  • Stocking Piles

By having a reserve of items, you will undoubtedly be saving money. Stockpiling goods could be particularly worthwhile when you’re aware of the sale seasons. You will also save petrol on popping to the shop to get a full price replacement.

  • Energy Efficiency

Making minor alterations to your energy use can make major differences to your wallet. We previously spoke about a number of ingenious ways to recover money from your utility bill. See here for more info.

  • Second Hand Steals

The kids might be bugging you to buy them a new bike or a PlayStation, but you just don’t have the spare cash lying around. Buying second hand products is a lot more cost-effective, and nowadays, most things are as good as new.

  • Packing Lunch

The average worker spends £5 a day on their lunch. To put it in perspective, that’s £25 a week, £1,250 a year and an eye watering £47,500 throughout their career! Thinking ahead and taking the time to make a packed lunch will save you an absolute fortune.

  • Recycling Rewards

By recycling your old devices, you might even be able to generate a bit of extra income. Websites like Music Magpie will offer to buy your old phones, laptops, games, DVDs, CDs and any other odd things lying around the house. Although it won’t pay for your holiday to Dubai, every little helps.

  • Coupon Collecting

Coupons often appear throughout the year, and it’s well worth collecting them. With an array of discounted offers, you will be able to treat the family, but for a fraction of the cost.

  • Charity Shop Challenge

You might have a big night out right around the corner, but nothing to wear and no money to splash out? Have you ever thought to look in the charity shops? You could stumble across a hidden gem, which is certain to turn heads when you rock up at the party.

  • DIY Cleaners

A little birdy once told me a little trick to save extra pennies. By making your own cleaning products and detergents, they are cheaper than off the shelf, they don’t contain the same harsh chemicals and the finished product is just as sparkly clean.

Josh Cousens – Monimine

8 Ways To Recover Money Through Your Energy Bill

8 Ways To Recover Money Through Your Energy Bill

How to recover money from your energy bills.

Paying utility bills is an unfortunate necessity, particularly when households shell out thousands of pounds each year on their energy outgoings. Finding any ways to recover money is always going to be a bonus. With our expert money saving tips, you could knock off as much as £500 from your annual statement.

  • Lights Off

Ensuring the lights are switched off when you leave a room goes a long way to chip away at your energy bill. By using LED, energy-saving lightbulbs, you could save as much as £180 over it’s lifetime. LEDs use 90% less energy than traditional bulbs and last for a whole while longer.

  • Heat Escape

Heat has been escaping your home for decades, because of the age-old curse of the draught. Households become inclined to turn up their heating to recapture their warmth, but by addressing the issue and reducing any gaps, you can expect to save up to £50 a year.

  • Don’t Just Standby

By completely switching off your appliances and not through standby mode, most homes can save up to £30 per annum.

  • Wrap Up Warm

You have probably been hearing this one for years, but by putting on another jumper, you can keep the heating temperature sensible. By reducing your heating by just 1°C, you can cut your yearly bills by up to 10%.

  • Insulate

People can be wary of free schemes, due to their scam-like reputation. However, free loft insulation and cavity wall filler not only helps to warm your home, but we predict you could save as much as £315 from your outgoings. Researching whether you are entitled to claim any free insulation could be well worth the effort.

  • Colder Wash

By simply washing your clothes on a cooler setting at 30°C,  you could make savings of £52 a year. Occasionally using a hotter wash will help to clean your machine, but modern detergents will guarantee clean clothes on the colder setting.

  • Supplier Switch

If you haven’t changed your energy supplier in the previous three years, it’s likely you can save cash. By shopping around and using comparison sites, such as switch.which.co.uk , households can save a whopping £369.

  • Meter Read

Reading the meter and paying for what you have used allows you to avoid any complications. It is the most accurate method and unlike an estimation, you won’t be building up any credit or debit balances.

If you have any top tips of how to save cash on your energy bills, we would love to hear from you. Send us an email to josh.cousens@monimine.com.

Josh Cousens – Monimine

How To Get The Most Out Of Your Inheritance Money

How To Get The Most Out Of Your Inheritance Money

Make the most of inheritance money

The passing of a family member is never a nice thing to encounter, and can evoke a lot of emotion. The complexity of feelings can make it extremely difficult to decide what to do with your inheritance money.

People have a tendency to treat inheritances differently to other unexpected sources of cash, for example a lottery win. This is because of the emotional connection with an inheritance and the inclination to spend it wisely, opposed to the splashing of cash.

Everybody will have different ideas of how to use their families money, but here are six suggestions of how to make the most of your inheritance.

  • Separate The Accounts

We think it’s wise to open a new account to deposit your inheritance into. Keeping your finances separate will avoid any confusion and prevent any unnecessary spending on needless items.

  • Pay Off Debts

Before planning which holiday to book, or what car to buy, paying off any outstanding debts is a sensible start. Any money owed for credit cards, mortgage payments, car loans, or anything else can be wiped off. This is will allow you to restart with a clean slate. We would advise to begin with the high interest payments first.

  • Save or Invest

Saving for the future may seem boring, but it can pay dividends along the road. Opening a savings account is a good idea, espeically if you know that you will need funds in the future. With considerate planning, investing has the potential to establish a steady return on your inheritance.

  • Pension Pay In

You don’t have any debts to pay off and you’ve chosen not to save or invest. So, you may want to bump up your pension pot. By making sure that you’re financially secure when you’re finished in the working world could be a great solution for you.

  • Children’s Education

If none of the previous suggestions sound of interest to you, why not invest in your children’s future? An extra pile of inheritance money could make all the difference in getting your kid into a better school, or helping them through the eternal economical struggle of university.

  • The Rainy Day Fund

Nobody can ever be too sure in life, even the most secure of jobs can be disrupted. Having a rainy day fund to keep you and your family financed in the case of unemployment can be a reassuring influence for a lot of people. Knowing that the money is there to fall back on in the case of emergency might be the course of action for you.

The unfortunate scenario is that not all inheritances are claimed by their rightful beneficiaries. This stops people from planning their sensible course of action for their inheritance before they even know it exists. Monimine was designed to help reunite people with any outstanding assets that belong to them, even if they never knew about it. The service is completely free to use and you can start your search today at ⇒ monimine.com

Josh Cousens – Monimine

Why British Expats Should Look For Unclaimed Money

Why British Expats Should Look For Unclaimed Money

Why British expats should look for unclaimed money

Are you one of the 5.5 million Brits who has decided to live out your days abroad? British expats account for almost one in 10 of the UK population. Although Australia, Spain and the United States are amongst the most popular, Brits can be found residing throughout the whole world. The far-spread reach of UK citizens means it can be extremely difficult for institutions to contact individuals regarding unclaimed money.

When a person or family decides to leave the UK, a breakdown in communication can be a reoccurring theme. With the excitement and anticipation of setting sail for the warmer tropics, it can be easy to forget to notify your bank, pension provider or building society about your change in situation.

Once you’ve begun to establish your new life in your new home, financial providers will find it extremely difficult to contact you. It’s also very expensive for them to trace individuals, which means your accounts will become inactive and dormant. Subsequently, this will lead to your unclaimed money becoming trapped within these accounts.

Why a Money Claim Shouldn't Sleep

Expatriate pensioners are thought to be missing out on as much as £850 million in lost pension benefits. This is simply because UK pension scheme trustees have been unable to trace them since they moved abroad. Amounts owed in benefits range from £2,000 to £30,000 a year.

Fortunately, Monimine can offer you a fantastic solution. If you think that you left money behind when you packed up and moved from the UK, we can help. By subscribing to Monimine, we can cross-check your details with our data and if a match occurs, we can help you claim your cash! To save you the headache of calling all of your financial providers, our digital service will trace all of your assets from one location.

Start your search today >>> www.monimine.com

Josh Cousens – Monimine.

When There’s A Will, There’s A Way – Particularly With Unclaimed Assets

When There’s A Will, There’s A Way – Particularly With Unclaimed Assets

writing a will good for unclaimed assets

You’ve probably heard this a hundred times, but every year, thousands of adults pass away without writing a will. It may have never affected you or your family, but when it comes to finding unclaimed assets, the lack of a will makes things complicated.

Passing away without a will is also known as intestate.

The idea of writing a will in your thirties or forties may seem morbid, but it’s essential to begin planning early. The advanced preparation ensures that your unclaimed assets go to the right place, and gives you a peace of mind.

If you haven’t written a will, you’re not alone. 78% of adults between the ages of 30-39 don’t have a will, but it’s vital that you become one of the 22% who do.

We’ve compiled five reasons why it’s imperative to put writing a will at the top of your to-do list:

  • You Decide Where Your Money Goes

Without a will, it’s impossible to inform your family about where you want your money to go. Estates from an intestate individual can often end up in the hands of distant relatives, or even the government, opposed to close family and loved ones. Retrieving money back from the state can be a difficult and fruitless task, so why take the risk?

  • You Can Sleep Easy Knowing Your Family Are Financially Secure

Acting early and writing a will guarantees that, even if you die, your family will be financially looked after with the money you left to them. This becomes particularly important if your family are economically dependent on you.

  • It Becomes Easier For Your Family To Organise

Having a will in place will make it a lot easier for your family to organise your affairs and administration. This small act will save them unnecessary distress, during what will already be an incredibly difficult time. By acting now, it will be worth it for your family in the long run.

  • Plan Finances Around Your Will

Thinking ahead allows you to plan your budget around a will. You may wish to cut some costs on your home insurance, or weekly shop, so that you can pay into a savings account for your daughter. Writing a documented will encourages you to become organised with finances, by putting money into the correct accounts. Organisation is never a bad thing.

  • Reduce Inheritance Tax For Surviving Family Members

The families of those who have died intestate end up paying significantly more inheritance tax than those that don’t. Reducing inheritance tax is especially important if you’re planning to leave money to a spouse or partner. If you pass away intestate, they might be forced to pay a hefty inheritance bill, and your assets could end up going to other, distant relatives, rather than them.

Whether you’re in your thirties or your seventies, writing a will is of the utmost importance.

Have you written a will yet? Do you have any recommendations or advice? Let us know in the comments below.

Josh Cousens – Monimine.

Help Your Dad To Find Unclaimed Cash On Father’s Day

Help Your Dad To Find Unclaimed Cash On Father’s Day

Find unclaimed cash for Father's Day

With Father’s Day just around the corner, it’s a chance to say thank you to your old man. You might usually get him a few beers, cook him a meal or take him out, but what are you getting him this year? Well, we might just have the perfect solution … in the shape of unclaimed cash.

Your Dad could be unaware that he is owed a quantity of unclaimed money. Figures suggest that up to £25 BILLION of missing money is trapped within UK financial institutions. Imagine losing a couple of quid down the back of the sofa and forgetting about it. Well this is a similar scenario, only on a much bigger scale. It can be surprisingly easy to lose track of financial accounts.

I’m sure your Dad would appreciate it if you pointed him in the right direction. Monimine offer a cost free service, which allows the user to seek out any lost assets they’re entitled to. We have expertise and experience in the industry, backed by innovative technology which is a front runner in the asset tracing game.

Just imagine … you suggest to your Father that he should sign up to Monimine. He does, and he finds a match. Individuals can be matched with anything from £50, up to £500,000. I don’t know about you, but I think he would be pretty chuffed with that.

Your Dad may be a fan of traditional presents, but no one will turn their nose up at free money. Of course, you’re welcome to sign up to Monimine yourself and discover whether you have any lost assets of your own.

Head to Monimine today and fill in some basic family information to begin your journey. If you have been successful in matching with any lost assets, you will be the first to know.

Josh Cousens – Monimine.