Could Spending More Help you to Save More?

Collaborative Post

When you’re trying to improve your budget and save more money, the chances are that you’ll always be searching for the cheapest version of everything. For instance, you’ll compare your loans to ensure you’re getting lower interest rates from your providers, even on urgent loans and make sure that you’re not overspending on branded items in the supermarket. 

However, while most of the time, this strategy will help you to improve your financial habits, there are times when you might need to spend a little more to save more too. It might sound strange but devoting a bit of cash to certain areas of your life could help you in the long term.

Here are some examples. 

  1. Ordering Food Online

Ordering food online often means spending an extra pound or two on getting that shopping delivered to your door – but that might be worth it for the money you save. If you’re the kind of person who tends to wander around the aisles at the supermarket, picking things at random and adding extra food to your basket that you don’t need, then online shopping can help you to break those habits.

When you’re shopping online, you can get the most out of your money by checking what you need first and going through all your cupboards in advance. Once you’ve figured out what you actually need to buy and planned your meals for the week, you can order just those items, without being distracted by anything else. 

  1. Living in a Better Area

When you’re trying to manage a good budget, the last thing you need is to spend a fortune on a huge house – particularly if you don’t need the extra space. However, you can save some money by moving into a nicer neighbourhood. Pick a location that’s close to your office, and you can save money on your everyday commute, plus, your home insurance is likely to be cheaper if you’re in a safe area. 

Another point to keep in mind is that if you’re living in a good area, you might not need to spend as much on security measures to keep your home safe. Plus, you shouldn’t have to spend as much repairing anything that gets damaged in or around your home. 

  1. Buying High-Quality Items 

There are certain high-quality items that you don’t necessarily need to pay more for. For instance, there’s no need to spend extra for branded versions of the bread and milk you usually get with your weekly shop. However, spending a little extra on a good pair of jeans that will last for a year rather than a couple of weeks could save you a fortune in the long term.

The same rules apply to things like furniture and appliances that you want to get a lot of use out of over the years. The more you spend, the more likely it is that you’re going to get an item that genuinely stands the test of time. Take a look at the reviews left by other customers to make sure that you’re getting something that you can rely on. 

  1. Purchasing Memberships

It can be frustrating to have to pay extra to do shopping with a business that you love. However, if you can get yourself a membership card for a business that you’re always buying from, it might be worth the extra expense – particularly if you’re buying in bulk. 

For instance, if you shop a lot on Amazon prime, you might have noticed that you can choose a subscribe-and-save option for some of the things that you buy most often. If you do subscribe to have the item delivered to you every so often, then you’ll be able to save a little bit extra on the cost of that product. Plus, you get the benefit of having it delivered to your door. 

  1. Buying a Home 

Finally, if you’re currently renting a home, then you could be spending more than you need to on your housing. Owning a home can cost more than renting, to begin with when you think about things like deposits and legal fees. However, in the long term, you’ll be able to reduce your mortgage by ensuring you pay as much as you can off what you owe as quickly as possible. 

What’s more, when you own your home, every payment you pay goes towards giving you something valuable that you can own in the future. You’re investing in equity, which is good for you in the long-term. If you decide you need to sell your home, you can always recoup the costs. 

Saving Money This Autumn

Autumn is a great time of year, but as the cold weather begins to hit and the festive season looms on the horizon it’s important to think of ways to save money in addition to making additional income.

The challenge with additional income is that most ways to achieve this goal end up taking considerable amounts of time, and presuming you already have a pretty busy life, finding the time to make extra money can be difficult.  

Therefore, rather than trying to cram more into your life to earn a few extra pounds it can sometimes be a better approach to save money in several ways, and in doing so, the money you could save could be put into a small investment fund which you invest in CMC Markets – with a view to generating a decent return on investment that outmatches what you could earn by getting an additional job or setting up a side hustle business.

Eric Muhr
In that vein, let’s take a look at some of the ways you can save money this autumn:


The cost of energy is ever increasing and it’s therefore wise to look at ways of saving money on your energy bills.  There’s the obvious option of switching to a lower cost energy provider and insulating your home better in order to keep the heat your central heating system generates within your home, in your home, rather than seeping out the roof or through draughty windows and doors.

Then, there’s the option if alternative sources of energy such as solar power, which even in autumn and winter in this country can be effective as a secondary source of energy.  If you have an open fire, then it makes sense to gather as much wood as you can like a squirrel foraging for nuts – which can be dried out for the colder winter months.


Breakfast might not strike you as one of the most expensive meals of the day, but the cost of getting a coffee from Starbucks, for instance, can mount up – particularly if you add on a muffin or pot of bircher muesli.  

Making your own breakfast is much cheaper and a core component of living on a budget.

Indeed, many people that eat breakfast on the go find they spend close to £5 a day, particularly if they pick up their fuel at the train station, which amounts to £35 per week or £1,820 per year!  If you were to invest just £35 per week into a high interest savings account or a lucrative investment deal, over time, this would compound and create a small fortune.

Just think what your £1,820 would be worth today, if you had invested that in Bitcoin a few years back!


Summer tends to be the season where we socialise a lot in the sun, go away on holiday, and often end up spending a considerable amount of money in the process.  Autumn, on the other hand is a time when we can enjoy the great outdoors with beautiful walks and look forward to getting home, cuddling up with a good film and a nice warming bowl of soup – therefore, embrace this season as a time to be cosy and homely, thus saving on your social spending in the process.


How To Successfully Live On A Budget

It may sound obvious but to successfully live within your means, the cash you spend each month needs to be less than, or at least equal to, the amount you bring in. For some people, this is a lot easier said than done. Credit cards, loans, and even emergency funds allow you to buy things you want when you want them, consequently it is easier than ever before to get into debt.

We all like to enjoy life outside of work and spend money in our free time, whether it’s going out to eat, having drinks with friends or watching the latest blockbuster movie at the cinema. But when money is tight, we have to be careful with the ways we entertain ourselves, to make sure we stick to a budget.

Here, we’ve put together a simple checklist to help you live successfully on a budget.

Create a budget that’s realistic

There is absolutely no point in having a budget you can’t manage – a good working budget needs to be realistic. When putting it together, you need to understand what, and where, you can cut down to save money. You must identify how you can allocate your income so that it meets your expenses.

It might be worth using an online budgeting tool, as these can help you keep everything under control and potentially save you even more money. It’s the perfect way to keep track of everything and see where you’re going wrong.

Steve Johnson

Reduce your car costs

Cars are expensive, there’s no escaping that, but there are numerous things you can do to lower the amount you spend on them. Such as, car sharing travelling to work with a colleague to cut down your petrol costs or adding a second driver to your car insurance policy as a named driver can lower your insurance costs, especially if they’re older and have a long history of no claims.

Until October 14, you can claim an MOT paid for by Halfords Autocentre when you purchase one thing in their store, above the price of a 5p bag. This can be redeemed any time in the year, making it one less thing to worry about and save you money.

Allow yourself to be flexible

Being flexible is one of the best ways to live comfortably and within a budget. We understand it’s not easy, but the simplest actions such as purchasing store brand products, instead of branded, makes a difference.


When you’re living on a budget you need to learn how to prioritise what is important to you. You may have to ditch going out for dinner every week and cook at home instead to save the pennies, as a family this would be a great time to get everyone together.  

In Collaboration with Debbie Fletcher