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:

  1. KEEPING WARM

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.

  1.  BREAKFAST

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!

  1.  ENTERTAINMENT

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.

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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.

Prioritise

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

Saving Money On Big Purchases

Sometimes you just can’t avoid the big purchases that you need to make. Whether it be buying a new car, buying a new set of furniture, or doing a renovation on the home. Sometimes, if you’re lucky enough, you’ll have enough time to save for such things so that it’s not so much of a financial burden. However, sometimes we have to make rushed big purchases that can really sweep us off of our feet. That’s the last thing that you’re going to want, so we’ve come up with some great ways that you can save on big purchases, some of them might have been staring right at you! So have a read on to find out more if you’re looking to save some pennies.

The Dreaded New Car

We say dreaded… it’s not so dreaded in reality. People hate the thought of having to get a new car due to both the cost, and the fact that they’re happy with the one they have. But there are many reasons why you might need a new car. Your old one could be on its last legs, or it might not be suitable for family life. The Mercedes-Benz Fleet After Sales Programme is just one example of something you should be looking to purchase, along with your new car. You can obviously get similar sort of offers for other cars, but you should be looking for anything that’s going to protect you if the car just decides to break. Just because you’re buying one brand new, or nearly new, don’t be fooled into thinking things will always go right! You should always try and go second hand, rather than brand new. You’ll save an absolute fortune getting a car that’s a year older! Or you could try going through a private seller to try and save yourself a bit of money.


Steve Johnson

A Home Renovation

A home renovation is an exciting time in our eyes. It’s a chance for you to transform your home into something you’ve always wanted it to be. But the reason why a home renovation is so rare, is because they just cost so much! If you’re looking to get the price down, we highly recommend you rip out the room in question to save a days labour, and that you buy all of the parts yourself. The company your labourer goes through might charge so much extra as the labourer will get a commission fee. Buy it all yourself, and you might find that you actually save hundreds.

A Holiday

Definitely the most exciting in our eyes. A holiday usually only comes around once or twice a year, but when they do, they’re amazing! To save money, we highly recommend that you go outside of school time. It’s so much cheaper to go on holiday when the kids are back at school, than when it’s term time. If you can work around that, we know you’re going to be able to save hundreds on your holiday, which is always worth it!

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