With the cost of living and inflation continuing to increase, many people are set to face financial difficulty over the next year. You may be wondering what you can do to save money and cut your costs down – you aren’t the only one! The cost of fuel, rail fairs and council tax rising has propelled a lot of us to take a look at our finances – and aim to stay more on top of what we are spending. Here are some great tips on how you can save money in 2022.
Ways you can save money in 2022
Eat at home – It can be tempting to pick up a takeaway or go for a meal out if you can’t be bothered to cook, but eating at home is an easy way to save money this year. Why not invest in some new cooking equipment, such as some frying pans or a kitchen knife set, to make cooking easier and something that you look forward to doing. Try to cook a variety of different foods,. Why not mix it up and have a themed meal a few nights a week – such as a Chinese dish on a Tuesday or an Indian inspired meal on a Friday night? Try to create a cooking environment that is engaging and fun, and only eat out for special occasions as a treat. Shop at low cost supermarkets to reduce your costs further, and try to use anything that you bought first in order to reduce food waste.
Cancel subscriptions – Go through your subscriptions and decide which ones you can’t live without, and which you need to cancel. If you have a Netflix account but only use it a few times a year – you know what you need to do! Although these can be only small costs, they can add up and your money can be spent better elsewhere.
Avoid driving if possible- If you can manage without a car, consider either selling it or driving less often. With fuel costs hitting an unprecedented high, you need to assess your financial situation and decide if you can afford to keep driving. Make sure you think about insurance costs, repairs, and even parking tickets or fines that may occur. If you live within walking distance or near public transport, consider selling your vehicle and save the money you would have been spending.
Sign up to loyalty schemes – Signing up to loyalty schemes can unlock discounts at some of your favourite brands, as well as the ability to earn points on what you purchase – which can then be used in store. This is a great way to save money, and potentially even get free stuff!
