It’s money smart week from the 9th to the 16th of April, and being money smart is more appropriate than ever this year.
As we deal with the fallout of Covid, it seems that just about everything is going up in price. Basic goods such as energy, food and petrol have risen, which has the potential to cause financial hardship for many of us. But being money savvy with a couple of lifestyle changes can help you adapt to these new economic norms a little easier.
Whatever your circumstances, we have ten tips to help you manage your money better in 2022.
If you’ve got a brigade of hungry mouths to feed, this might be a little trickier, but you could try and cut down your food shop. How many unnecessary extras do you toss in the trolly during your weekly shop? Cutting down on the amount of food you buy will save you money, prevent you from overeating and minimise food waste. If buying less food isn't an option, consider where you buy it from. Shopping at budget supermarkets like Aldi and Lidl could save more than you think! Even taking £10 a week off would give you an extra £40 per month.
Subscriptions and memberships can take up a decent amount of your wage, depending on what you subscribe to. Don’t get rid of things you use and enjoy, but you could save some money by cancelling them if you don’t need something.
Most banks now offer a service that automatically transfers money when you make a purchase. For example, if you spend £1.89, it’ll round it up to £2.00. You’ll be surprised at how much you have at the end of the month!
Technically, you’re always buying a brand, whether it’s Fairy Liquid or Morrisons own washing up liquid. Think of the products that you buy out of habit, that doesn’t necessarily need to be by the ‘best brand’. Often, there are options that are just as good and cost a fraction of the price, so being mindful of the cost of individual items will help you save a good chunk of cash in the long run.
If you’ve got a collection of books, CDs, DVDs or games lying around, you could sell them and generate some cash. All you have to do is use the We Buy Books selling basket or download our app; send us your items for free, and we’ll pay you the day after we’ve checked them.
If you’ve got other items to sell, use Schpock or Gumtree to make some cash and give your items a second home. As they say, one man’s trash is another man’s treasure.
If you don’t think you’ll ruin your hobby by monetising it, you could make some extra cash there. For example, if you play an instrument, you could offer tuition, or if you write a lot, you could start a book or a blog.
The only way you can’t make money delivering something these days is if you’re on foot. If you have access to a van, car or bike, you can use services like Uber, Deliveroo or Amazon to make some extra money.
Any of the tips above will help you on your way to being money smart in 2022! Just remember, that even when trying to be more money smart, it's still important to enjoy things and treat yourself. Everything in moderation!
If you use WeBuyBooks for the first time, we’ll give you an extra 10% on your total payout! Here’s how to do it: