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  • FIRST POST
    Robbda
    Top Ten Tip for Newbies!
    • #1
    • 27th Aug 08, 12:11 PM
    Top Ten Tip for Newbies! 27th Aug 08 at 12:11 PM
    Apart from "don't get in debt" of course

    I just wondered there are so many challenges and tips on here i was overwhelmed when i first started!

    what are the little money saving/debt busting things you live and die by? (ok bit dramatic but you know what i mean) thought we could do a top ten!

    TIPS SO FAR: (ok so more than ten but interesting reading!)

    BUDGETING/DEBT MANAGEMENT
    • Dont disregard small payments as pointless - every little helps (to quote Mr T!)
    • Keep a spend diary - i agree makes you realise where those little pence that add up to pounds go
    • Dont consolidate unless is a great rate! - banks are there to make money!
    • Get to know the snowball calculator - work out how much time and interest that extra £10 could take off a debt every month
    • CCCS/Payplan - contact one just to see what they advise - you don't have to agree to a DMP, but they might have valuable Tips
    • Withdraw Money at the begining of the week - to cover, food/petrol/stuff and when its gone its gone - allows you to stick to your budget much more easily
    • Sign up to a challenge on MSE - Payment a day/grocery challenge/sealed pot/what have you spent today - you might be more likely to stick to it if that competitive streak appears!
    • Savings - have some! - open an account, decide on an amount (it's been suggested a few hundred) and put bits away until you reach that goal, then maintain it replacing (eventually) any amount you have to withdraw this hopefully will prevent you from sticking emergency expenses on the credit card
    SHOPPING
    • A meal planner/shopping list - cut my food bill in half!
    • Buy Value or avoid the big 4 supermarkets
    • Shop online to stop you over spending
    • Do you need or want something? wait 24hours before the purchase - gives you time to reflect if all life as we know it will really end if you don't get that item!
    • Shop After Dinner - stops you buy stuff you fancy
    • Shopping trolley for 1....leave the Kids and OH at home - they all try and add to the Trolley
    • Avoid the BOGOF's if its not something you use regularly - prevents unwanted stuff piling up in the cupboards
    • Charity shops - find bargins and also rather than donating money donate time and effort by helping them out
    • Use Vouchers - I've heard tesco accept them whether you've bought the item or not!
    • Join quidco.co.uk - and earn cashback when shopping!
    • Buy cheap cooked chickens when they are reduced-use meat for a chicken and potato stew (just mash meat and potatoes with any other veg and stock) and boil up whats left of the carcass to make big pot of stock to freeze
    • Buy reduced 'expensive' veg - like peppers, cut them into strips and freeze

    AROUND THE HOME

    Cooking
    • Bulk left overs with veg for a new meal
    • Make your own bread
    • Grow your own! - veg can be planted for next to nothing!
    Cleaning
    • Use vinegar/bicarb/lemon juice for cleaning
    • Buy good quality washing up liqid and dilute it


    Saving on Gas /Electricity
    • Don't leave anything on Standby - saves electricity
    • A Bulb a person - only have as many lights on a people in the house (love that one)
    • Energy Saving light bulbs - reduce your fuel bill
    • Charge your mobile at work
    • Get a shower timer - got a free one from Ariel's website few weeks ago
    • Buy a flask & Save the boiled water from your kettle
    • Turn the temprature down on your shower
    • Wash hair/Shave in cold water
    • Don't use the tumble dryer"
    • Use residual heat from your over/cooker to warm water
    • Put curtains up over doors to stop drafts
    • Share baths - we have a 4 tiered system in my house - me/husband (order depends on who bagsies it first) then baby then dog ;o)
    Misc
    • use the money saving old style board for ideas
    • Buy a composter - will help in the long run as you can use it to grow veg
    • Have a night in with your mates - a few nibbles go a long way
    AT WORK
    • Walk to work - its green, its healthy & saves you MONEY! YEEHA
    • Leave your purse at home 1 day a week - you'll be amazed at how much you spend on the odd chocolate bar
    • Pack Lunches - A little time and effort can save you £££'s - it's saved me £5 a day!
    Thanks Guys this is Fab - its like a cheat sheet Newbies can print off at the start of their DFW journey

    This Forum Tip was included in MoneySavingExpert's weekly email

    Don't miss out on new deals, loopholes, and vouchers


    Last edited by MSE Researcher; 02-09-2008 at 6:08 PM.
    Piggy Bank 12.....Delay repay claims for train delays 98.75! mystery shopper work 20 Quidco 9.77 You Gov 1.00
    Payment a day challenger 63 - Ebay cleared! MORTGAGE ARREARS CLEARED
Page 1
    • immoral_angeluk
    • By immoral_angeluk 27th Aug 08, 12:14 PM
    • 23,754 Posts
    • 22,635 Thanks
    immoral_angeluk
    • #2
    • 27th Aug 08, 12:14 PM
    • #2
    • 27th Aug 08, 12:14 PM
    Don't dismiss small changes as having little or no effect. Small changes add up to one big one. You may think that paying a spare 5 off your debt is pointless.. but it all adds up.
    Total 'Failed Business' Debt 29,043
    Que sera, sera. <3
  • georgiasmum
    • #3
    • 27th Aug 08, 12:24 PM
    • #3
    • 27th Aug 08, 12:24 PM
    washing machine/dishwasher late at night - Helps with electric bill.
    Don't be too proud to use 'value' or own brand for basics or avoid the 'big 4' supermarkets -shop at Aldi/Lidl.
    Bulk out leftovers with veg for a new meal. Explore the Old style board. I don't post there but have learnt a lot.
  • Robbda
    • #4
    • 27th Aug 08, 12:25 PM
    • #4
    • 27th Aug 08, 12:25 PM
    Don't dismiss small changes as having little or no effect. Small changes add up to one big one. You may think that paying a spare 5 off your debt is pointless.. but it all adds up.
    Originally posted by immoral_angeluk

    ooh totally agree the old payment a day cleared my ebay debt in no time usually i would have spent it on god knows what because i didn't see that fiver making a big difference
    Piggy Bank 12.....Delay repay claims for train delays 98.75! mystery shopper work 20 Quidco 9.77 You Gov 1.00
    Payment a day challenger 63 - Ebay cleared! MORTGAGE ARREARS CLEARED
  • georgiasmum
    • #5
    • 27th Aug 08, 12:25 PM
    • #5
    • 27th Aug 08, 12:25 PM
    Ohh - just thought, if you do use Mr T's etc try to shop on line. I find that even with the service charge I spend less because I'm not tempted to stray from my list!
    • tealady
    • By tealady 27th Aug 08, 12:29 PM
    • 2,868 Posts
    • 3,536 Thanks
    tealady
    • #6
    • 27th Aug 08, 12:29 PM
    • #6
    • 27th Aug 08, 12:29 PM
    My tip is if it switches on then switch it off!!! Leave NOTHING on standby. And there should be no more lights on than there are people in the house, after all no - one can be in two places at once.
    Proud to be an MSE nerd
    Judge people by their achievements, not by their mistakes
    • yellowmonkey
    • By yellowmonkey 27th Aug 08, 12:38 PM
    • 6,931 Posts
    • 29,359 Thanks
    yellowmonkey
    • #7
    • 27th Aug 08, 12:38 PM
    • #7
    • 27th Aug 08, 12:38 PM
    Keep a spending diary

    ym


  • OliveOyl
    • #8
    • 27th Aug 08, 12:38 PM
    • #8
    • 27th Aug 08, 12:38 PM
    Giving myself 24 hours thinking time before paying out for something not in my budget
    That has stopped me buying LOADS
  • Robbda
    • #9
    • 27th Aug 08, 12:39 PM
    • #9
    • 27th Aug 08, 12:39 PM
    My tip is if it switches on then switch it off!!! Leave NOTHING on standby. And there should be no more lights on than there are people in the house, after all no - one can be in two places at once.
    Originally posted by tealady

    I love this! i am taking this home tongiht i will call it "a bulb a bloke" i sit in the dark to save whilst OH moves from room to room with all lights a blazing! i often spend most of my life following him round turning them off!
    Piggy Bank 12.....Delay repay claims for train delays 98.75! mystery shopper work 20 Quidco 9.77 You Gov 1.00
    Payment a day challenger 63 - Ebay cleared! MORTGAGE ARREARS CLEARED
    • yellowmonkey
    • By yellowmonkey 27th Aug 08, 12:41 PM
    • 6,931 Posts
    • 29,359 Thanks
    yellowmonkey
    I love this! i am taking this home tongiht i will call it "a bulb a bloke" i sit in the dark to save whilst OH moves from room to room with all lights a blazing! i often spend most of my life following him round turning them off!
    Originally posted by Robbda
    How about buying everyone in the house a wind up torch . Saves on light bulbs

    ym


  • Robbda
    How about buying everyone in the house a wind up torch . Saves on light bulbs

    ym
    Originally posted by yellowmonkey

    i can see his face now i did consider taking the light bulbs out at one point
    Piggy Bank 12.....Delay repay claims for train delays 98.75! mystery shopper work 20 Quidco 9.77 You Gov 1.00
    Payment a day challenger 63 - Ebay cleared! MORTGAGE ARREARS CLEARED
  • sammy2802
    Heres some I found helpful

    Go shopping after dinner, if you feel full the temptation of adding the unwanted items because you fancy them is reduced.

    Don't get attracted by offers, if its bogoff etc - If its not on your shopping list (or your not going to use it shortly ignore the offer, Its surprising how many items get picked up because it was BOGOF then get left in the cupboard.

    Buy a composter - if fruit and veg go off, put it n the composter, if you can afford the new special ones taht let you use cooked veg and meat even better. A composter saves you binning as much and nect year you can grow some veggies and save on shopping too. Looking after the planst is also a cheap hobby.

    Walk to work - if you can get to work on foot in half hour leave 45 minutes early and take a slow walk, it wakens you up ready for work, healthy and saves you bus fairs, parking petrol, wear and tear etc.

    Think green - Im not talking buying organic stuff as that expensive, but reduce your carbon foot print and you will find your costs reduce too for example
    Walk instead of vehicles - no parking, petrol wear and tear etc
    switch off not standby - we all know this one
    energy saving bulbs - reduce your feul bill.
    The list is endless and as already said all this small saving add up.

    Shop alone - avoid taking kids and OH, they all want to add to the trolly.
  • MinniMe
    here's one - leave your purse at home one ady a week - you will be amazed how much you don't need that bar of choc or the overspending on lunch and its a NSD
    New surname New start!
    Total Debt - 9999.09 now 7633.16 23.66% paid off
    • Naomim
    • By Naomim 27th Aug 08, 1:58 PM
    • 1,219 Posts
    • 2,931 Thanks
    Naomim
    If you work, take packed lunch with you. A little effort at home saves a fortune you wouldn't even notice you are spending every month!

    Naomi x
    CC's Nov16 18,609.97 / Jun17 21032.03 Overdraft 06/17 4577.44 07/17 4505.35
    Aiming for a debt free date: April 2024
    2 savings club #26 lost count but still collecting!
    Here's my diary: A Ditherer's Diary Again
  • GeorgeUK
    Don't consolidate unless you are getting an excellent interest rate - banks are there to make money. They make money from their customers - it may not be in your best interest.
    After falling off the gambling wagon (twice): 33,600 (24,000+ 9,600) - Original CC Debt: 7,885.91

    Dad Gift 6k Savings & Inv Tst: 2,500
    Loan 10k: 0 Dad 5.5k: 2,270 LTSB: 0 RBS: 0 Virgin 0 Egg 0

    Total Owed: 2,270 (+6k) 11/08/2011
    • Tiglet
    • By Tiglet 27th Aug 08, 2:14 PM
    • 388 Posts
    • 275 Thanks
    Tiglet
    Make the most of your local charity shop. Save yourself money and help a good cause at the same time. Also, instead of giving money to charity, give them some of your time.
  • Jacks xxx
    Get to know The Snowball until it's your new best friend!

    Speak to CCCS even if you don't think you want to start a DMP. Having a real live person you can go over the options with and ask questions is invaluable when it all seems too overwhelming, too complicated and too hard.
    Not everything that can be counted counts, and not everything that counts can be counted. Einstein
    • Piquant
    • By Piquant 27th Aug 08, 2:23 PM
    • 5,746 Posts
    • 29,928 Thanks
    Piquant
    Pledge yourself to one of the challenges on this site. For me the "what have you spent today" one makes me think before I spend unnecessarily off budget as I'll have to confess to everyone!
    Total debt at October 2008: 67,213.30
    Total debt today: 0
    - debt and mortgage free 29th November 2013
    Sealed Pot Challenge member 14
    Save 12K in 2014 - 6,521.90/6K member 138



  • rubydoiwannabee
    When on a tight, tight budget like we are. It helps enourmously to withdraw cash at the start of the week (DH gets paid weekly on a Friday, so anytime over the weekend). This cash is used for:

    Groceries (if not already done online with voucher codes for free delivery!!)
    Petrol
    Parking for work (boo hoo, I work 25 miles from home, so have no choice)
    Then we have 10 (I told you it was tight) a week each for 'stuff'

    When that money is gone we go without..... it works well for us and really makes question EVERY PENNY!!

    hth
    The good you do comes back to you.
    DFW Long haul supporters No: 134
    • (Land of) Maz
    • By (Land of) Maz 27th Aug 08, 2:27 PM
    • 11,044 Posts
    • 11,457 Thanks
    (Land of) Maz
    don't be embarassed to use vouchers whenever possible!
    I'm just a seething mass of contradictions....
    (it's part of my charm!)
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