5 Frugal ways of saving money this spring

 5 Frugal ways of saving money this spring

saving money this spring

Now the Beast from the East has melted and the clocks have bounced forward … spring is here. Summer is just around the corner and now is the time to beef up your finances. The reductions in heating and lighting are a good starting point to bring down expenditure, but we have five frugal ways of saving money this spring:

  1. Zero spend challenge

Set yourself a challenge. See how long you can go without spending a penny. Dig to the back of the cupboards and defrost your leftovers. You’d be surprised how long you could last without a trip to Tesco. Explore the local parks, utilize free coupons and see how long you can endure before you have to open your wallet!

2. Saddle-up 

The nights are drawing out and there’s less chance of a storm (*touch wood.) Why not dust off your bicycle and commit to cycling to work a few days a week? You’ll save on the price of petrol, whilst getting yourself fighting fit for the forthcoming summer season. Plus you will be doing your bit to help the planet, by leaving your car at home.

3. Spring clean

How’s your social calendar looking for the bank holiday weekend? If you have spare time, it might be worth considering what household clutter may have a pricetag. I’m willing to bet that you will be able to find a few treasures in your home that will go for a price online. Particularly old phones, clothes, antiques, DVDs and toys – ‘One man’s trash is another man’s treasure!’ 

4. Profit from packed lunches

By taking a packed lunch into work each day, you could save up to £1,000 a year! The average office worker is reported to spend £2.83 a day buying their lunch. A daily lunchbox from home, full of nutritional treats would trim this cost and could offer a healthier alternative. Cutting back on weekend takeaways is another way of counting the pennies. Now the garden is bathed in sunshine, how about firing up the BBQ instead?

5. Find your lost assets

Instead of devising a plan to save cash, why not discover if you are owed money? By using monimine.com, we can search the leading financial institutions and determine if you are owed any lost assets. The unclaimed money could have originated from your bank accounts, pension policies, investments or shares.

Searching through Monimine is completely FREE and if you find any funds, they are yours to keep! So what is there to lose?

Josh Cousens – Monimine. 

 

Monimine logo

5 Foolproof ways to organise your personal finances in 2018

5 Foolproof ways to organise your personal finances in 2018

The gloom of January is almost over, and the New Year is in full swing. Have you stuck to your resolutions? After the festive expenses, have you aspired to clean up your personal finances and rebuild your bank account?

We’ve created five tried and tested techniques to give yourself some financial breathing space.

organise personal finances

1. Undergo a financial MOT

Whilst you economically recover from the nonstop spending over Christmas and New Year, you might find yourself on the sofa, rather than the pub. This is the perfect time to analyse your financial accounts and tweak any unnecessary costings.

Are you paying a direct debit you’ve forgotten about? Is your investment account performing? Do you have multiple pension policies that may benefit from being unified into one pot? Would you profit from paying more into a savings account this year?

Once the audit is complete, you may discover that you have freed up some extra money.

2. Clean the financial debris

Before you begin to save anything, it is always advisable to pay off any outstanding debts. Ignoring or neglecting your debts will only drag down your finances and create difficulty progressing.

By cleaning your financial slate, you are able to move onto planning your goals.

3. Mark your GOAL posts

By setting yourself financial goals, you will find the motivation to spend wisely and save. Targets which are built around your earnings can help to keep your wallet healthy.

Ensure the goals are realistic and not over-ambitious. This will help you to achieve your targets, stay focused and keep your personal finances in order.

If you have a particular goal in mind, such as a holiday, new car or moving house, print off a picture and stick it on the fridge. The visual reminder will help you to stay diligent in accomplishing your financial goals

4. Earn extra cash

Although it sounds obvious, earning more money means more cash to spend. Do you have anything around the house that might be of value? Any unused phones, DVD’s, CD’s, clothes, anything that could be worth something. These can be sold for reasonable prices online or at city shops.

You might fancy gaining some extra part-time employment. Another job will generate a new source of income and ease the reliance on your current role.

You even find some money making opportunities online, such as partaking in surveys.

5. Check the forecast

Setting up a rainy day fund helps to safeguard yourself for unexpected bills, fines or even loss of employment. Nobody wants to be on the receiving end of those unforeseen setbacks, but it’s always handy to have an emergency pot, just in case.

By setting aside a modest amount each moth, you will cash to fall back on.

Our secret recommendation

Our final bit of advice would be to discover whether or not you are owed any unclaimed money. Sources verify that there could be up to £77 BILLION of unclaimed funds owed to the UK citizens. Some of this cash could belong to you and you can find out for FREE at monimine.com.

Josh Cousens – Monimine. 

Monimine logo

How to save money & frugally prepare for winter.

How to save money & frugally prepare for winter.

Winter traditionally indicates a hike in your energy bill and an increase in your monthly outgoings. Any novel ways to save money are always a bonus, and we’ve created 10 genius ways of cutting back on the winter costs;

save money during winter

Switching Energy Providers.

Shopping around for a better energy supplier is quick, easy, and it can save hundreds of pounds. If you’ve been paying by direct debit, your account may be in credit after the cheaper summer months. By switching now, you could gain the excess cash and benefit from the bonus of a better energy deal.

A ‘Winterproof’ House.

Investing in added insulation and ensuring draughts are to a minimum can save plenty of pennies. The house is expensive enough to heat, so make sure you don’t let the warmth escape easily. Windows, doors, the loft and cat flaps are amongst the prime suspects for bringing down the temperature.

Wrap Up Warm

Save money by making sure your winter wardrobe is well stocked before the cold sets in. It’s your father’s traditional advice, but to reduce paying peak heating prices, put another layer on.

Timing The Temperature 

Drop the thermostat during the night. By using a timer, you can set the heating to come on half an hour before you climb out of bed. This way, you save the costings of keeping the heating on throughout your bedtime. Experts also claim that wrapping up warm in the duvet in a cooler room helps sleep.

Energy Efficiency

Employing these energy efficient tactics can reduce your winter costs.

  1. Turn off the lights when you don’t need them on.
  2. Fill the washing machine – no half washes.
  3. Turn off the plugs at the sockets.
  4. Only boil as much water as necessary.
  5. Ensure no furniture is obscuring radiators or heating sources.
  6. Turn off the heating and shut the doors in any rooms which are unused.
  7. Leave oven and microwave doors open after use to utilise heat.

Long Life Lights

By using long life, energy saving lightbulbs, you will be saving yourself a fortune in the shorter and darker days.

Fire Starter 

If you’re lucky enough to have a fire or a log burner, make the most of it. Not only is a fire warm, cosy and bright, it’s free! If you live close to woodlands, you could even go out and collect your own firewood.

Declutter The Gutter

As soon as the autumn leaves have stopped falling, it’s a good idea to clean out the guttering. The last thing you want is an added bill. The leaves can freeze in January and bring the guttering down, under the frozen weight.

Search today at monimine.com 

Josh Cousens – Monimine. 

Monimine logo

Save money on the back to school shop.

Save money on the back to school shop.

save money on back to school shop

John Lewis revealed that children starting secondary school, were expected on average to cost their parents £6,800 throughout the year. Any costs that can be cut to save money can prove very valuable. So we’ve come up with a few ideas to help limit your school supply spendings.

  • Search the house for any leftover supplies. There’s no point splashing out to replace something, if you still have it hidden in the depths of the cupboard at home.
  • Similarly, delve into the children’s wardrobes and establish what still fits and is deemed worthy for the classroom catwalk. If the school blazer has got a years life left in it, hold fire until next summer.
  • Once you know what you’ve still got, make a list of everything you think you need. If you’re diligent and stick to the list, it will prevent any unnecessary spending on nonessential items.
  • Set yourself a spending limit. If you stick to the budget you have set yourself, you know that you won’t be in danger of breaking the bank.
  • Spending cash, rather than card, will help you to keep track of how much you have already blown. Avoiding extra costs.
  • Shop elsewhere. Car boots, charity shops and frugal websites often have a wide selection of back to school items, which can help to ease the pressures of spending. 
  • Large amounts of stationary and other useful classroom items can be bought in discount stores like Poundland or Poundstretcher.
  • For high school, sixth form, college and university students, second hand textbooks can save a small fortune. Why buy brand new, if you can purchase a copy at half the price, still in superb condition?
  • Coupon collecting is a worthwhile hobby. Supermarkets offer a diverse assortment of coupons for their stores. There’s a likely chance you can snap up a cheeky discount on back to school goods.
  • Timing is key. Holding fire and waiting for the peak rush to die down allows to you to benefit from the late sales, whilst retailers attempt to sell the rest of their stock before it’s too late.
  • If you know the kids get through their clothes quickly, or are prone to losing their pens. It’s advisable to stock up for the year whilst you can, whilst the reduced prices are on offer.

If you would like a few extra pennies to help your back to school shop. You might be one of the millions of Brits who has a pot of unclaimed money. We predict that there is at least £25 billion of lost assets in the UK, and some of it could belong to you. Register with monimine.com for free, and if we find you a match, we can reunite you with the money that is rightfully yours.

Josh Cousens – Monimine. 

Monimine logo