Tips on saving money so i can overpay mortgage

blushingbride_3

Ok here gos:
for 3 of us, (1 lodger)
Expenses:

mortgage £800 pcm
Water £41
Gas & Elec £64
Tv licence £12
Virgin media (tv,broadband&telephone) £25
food & cleaning (for 2) £150
diesel £200 (2 cars)
Car insurance £100
house insurance £20

total £1412

Icome: £1800 + £300 from lodger.

All tips greatly appreciated

Milly1974

Tip number one might be that the DFW (debt free wanabee) board are excellent at helping you cut your outgoings!

Otherwise, it all looks pretty good, although your car insurance could be a little steep?

M x

jonathon_hart

Are all your utility bills as cheap as you can get? I live in a 1950's council house with 3 of us there and pay quite a lot less than that.

Are you following energy efficiency tips (e.g not leaving things on standby, low energy lightbulbs)?

Have you signed up to cashback websites e.g quidco?

As said car insurance looks steep even for having 2 cars

blushingbride_3

the car insurance is for 2 cars so £50 a month each both under 25 etc so thats why its a bit steeper but cheapest we could get

got quidco i love it!:)

Bills are £64 a month scottish power, they're waiting for a meter reading so then hopefully once i send it they will decrease it!:) have a modern v.effiecent house

phizzimum

the old-style board is full of tips and inspiration (and no, it's not just about cleaning with vinegar!)

keeping a spending diary to record where every penny goes is another useful tip - it can help you see if there are areas to cut back on.