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How to save money: 15 simple steps that'll make you richer

Reap the benefits of savings – even if you only choose to follow a few of these money-saving steps!


According to a study last year, by the thinktank the Royal Society of Arts, at least 70% of the UK’s working population were ‘chronically broke’. The study found that 40% of 2,000 workers asked revealed that their finances were permanently precarious, whilst 30% reported that they were not managing to get by.

With wages on the rise in the UK, the questions on everyone’s mind are “Will I still feel the pinch of the economy? Will I be able to save my money better?” To help you maximise your savings, check out these simple ways you can save money.

Save money on what you already spend

  1. Inspect your expenses; focus on your outgoings and do some research to find out if you can cut down your bills. Is it cheaper to switch your energy supplier? Or maybe you don’t use all your minutes and texts on your phone contract – why not get a cheaper plan? Find out if you can get a better deal on price comparison websites such as uSwitch.

  2. Speaking of price comparison websites there are a number of companies that will do all the hard work for you and tell you the cheapest: insurance, hotels, broadband and flights etc. If you’ve ever watched TV, you will have seen the adverts: Go Compare, Money Supermarket, My Supermarket, Skyscanner, Broadbandchoices and Trivago.

  3. Get money back on your shopping! There are a number of apps and websites that offer cashback on your shopping, such as Quidco , CheckoutSmart and Shopmium.

  4. Another effective way to save money on what you already spend is by taking advantage of coupons, vouchers and offers. You can find great vouchers and codes on these websites and apps: VoucherCodes, Honey, HotUKDeals and My Voucher Codes.

Save money on what you don’t need

  1. Cut down your costs by making your own coffee in the morning, or taking your own packed lunch to work – it may be a small cost, but when added up can amount to a hefty sum. (Getting a £3 meal deal every day for a year, amounts to just over £700! Getting a coffee each morning at around £2.50 will cost you over £600 in a year.)

  2. Every now and again you will decide you want to treat yourself – ask yourself do you need it? If you already have a wardrobe that is difficult to close then the chances are that you don’t need any more clothes. Learn to say no to your impulses.

  3. Make money on the things that you don’t need, for example if you have any clothes or electronics that you no longer wear or use, why not sell them – you give your items a new home and you get money in the process!

  4. Plan your meals the week or month before, not only will you save money, you will also save on produce that you throw away.

Save money and save the environment

  1. Buying re-useable food storage boxes and a water bottle will help you save some money. Did you know that there’s an app called Refill – which shows you where you refill your water bottle for free?

  2. Not everything you buy has to be new – why not check out sites where people post items they no longer want (some of which are free)? Check out these websites if you want to find some freebies or get rid of your things: Gumtree, Freecycle and Preloved.

  3. Energy-saving light bulbs typically can use between 25%-80% less energy than normal light bulbs and they also last 3-25 times longer – which will save you a lot of money in the long run.

  4. Opt for sharing car journeys with friends or use public transport, this will cut down your carbon footprint and it will also save you money! Wherever possible, why not try walking or cycling – not only will you save money, you’ll also burn calories!

Side hustles that can earn you extra money

  1. If one of your hobbies is creating things, taking photographs or writing – then there are a number of things you can do to earn some extra money. Thanks to the digital world, you can sell your creations, sell your photographs or start your own blog.

  2. There are a number of online surveys that you can complete in return for cash.

  3. Offer your services on websites such as Fiverr, Clickworker or there are a number of dog walking websites such as


If you need some additional help with your finances, then check out our Twin Employment and Training website.