Cash-strapped Britons could follow 23 money-saving hacks in 2023 as experts reveal the best ways to save little and often throughout the year.
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Consumer experts at NetVoucherCodes.co.uk have identified useful ways to save money by completing monthly saving challenges as well as advice on how to knock hundreds of pounds off holiday expenses.
The cost of living crisis spiralled over the last year and the rising costs of food and expenses have left families worried about how they can manage their finances in the new year.
Britons can save little and often by taking early preventive steps to save their cash, from sticking to a digital budget planner to track how much they’re spending, to investing in a smart meter so they can monitor how much gas and electricity is being used in the home.
Lucinda Fox, online consumer expert at NetVoucherCodes.co.uk, said: “December is one of the most expensive months of the year, which is why many families are left tight for cash when it comes to January.
“We’ve faced one of the toughest years when it comes to saving money, as every household expense has been rising from petrol to food and of course our energy bills.” NetVoucherCodes is offering households simple tips on how to stick to measurable budgets so they don’t have to worry about overspending or be left strapped for cash.
A spokesperson said simple things like getting a smart meter and starting a side hustle can make a huge difference to people’s finances.
They said: “We’ve found various ways to save over the next year such as following budget planners and booking holidays a year in advance.”
Some of the tips could add up to thousands of pounds over the course of a year. Digital budget planner
“Start the year off by investing in a digital budget planner so you can visually track how much you’re spending and in which areas. This way you can monitor which outgoings can be cut down to help save hundreds off your monthly budget.” Get a smart meter
“Having the physical amount in front of you can let you see clearly how much is being spent on gas and electricity. It means you can knock £20 off the electric bill if devices that aren’t being used are still turned on.” Starting a side hustle
“A savvy way to earn extra cash in the new year is to earn more and spend less by starting a side hustle. This can simply be done from home whether it’s selling clothing on apps or completing free online surveys to earn rewards.” Enter free giveaways
“Social media giveaways are also an easy way to grab a freebie. While it’s all down to chance, it’s worth doing as the only effort you’ll likely be putting in is following the company’s social page and tagging a friend in the comments.” Set measurable savings goals
“While it’s great to save as much as possible, don’t just throw everything into savings only to realise there’s not enough money left to pay for the bills. Be reasonable with how much you can save and by putting aside a steady amount to start with.” NetVoucherCodes also recommends: Shop during sale events
“January sales are one of the prime sales events over the year, where many retailers knock down their prices after the Christmas rush. If you have family or friends with birthdays coming up, make the most out of the sales to save on the costs.” Book 2024/25 holidays now
“When it comes to travel prices, the earlier you book, the better. Many companies offer zero deposit schemes where you pay the holiday off on a cheaper monthly basis rather than all in one go. Have a look at travel voucher codes to save up to 30 percent on future trips.” Shop around for deals
“Have a look at different outlets offering the same type of products, both online and in-person. This also applies to supermarkets during seasonal events where better promotions can be found by shopping around.” Join community groups for free activities
“Signing up for online community groups means you have access to wider information about free local activities going on in the area. This will help even further when it comes to half term to prevent overspending on days out.” Sign up for loyalty schemes “Each time you decide to shop at a retailer, have a look if they have an app available […]
source Money-saving tips: Experts share 23 savings hacks for 2023 – ‘knock £20 off energy bills’
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