Broke in Bristol founder Jackie Annett shares 10 tips on how to save £1,000
Does your bank account need a boost? I know mine would certainly benefit from one after what has been a tough year for my finances! Check out my top 10 ways to make more money without breaking the law…
Switch bank accounts
It’s so easy, yet people are still scared of doing it because they fear change. HSBC is offering £125 to switch at the moment and they do all the hard work for you so it really is a no brainer. First Direct are offering £100 and both banks are well known for their excellent customer service.
Sell unwanted stuff
I do this every year before Christmas and it covers Little Miss Diva’s Christmas money. Last Christmas I sold a French chic bed frame and some brand new boots for £100 which paid for Little Miss Diva’s Christmas present.
Do a direct debit detox
Even though I’m frugal, I always save money when I do this! Do you need that TV subscription or book membership? Only keep them if you’re getting your money’s worth.
If you are one of the two thirds of the population who don’t switch your deal every time it comes to an end, then the odds are you’re paying too much. Shop around for electricity, gas, broadband and mobile phone deals and you could save hundreds over the year.
Look into remortgaging
Now I’m obviously quite savvy, but every time I remortgage I save at least £600 a year. Some people I know save thousands and the good news is that it’s free to find out.
Earn an extra income
You can advertise your skillset on sites like Fiverr or Nextdoor and earn an extra income in the evening or by doing a few extra hours at weekends.
Get paid what you’re worth
Jobs are not easy to come by at the moment but that doesn’t mean that you should just stick with something for the sake of it. Check out the latest jobs on Indeed or LinkedIn if you think it’s time for a better job with more money.
Speak to an IFA
Maybe there’s a pension pot somewhere you’ve forgotten about? Or perhaps you’re not making your money work as best as it could. Even though I’m savvy, I’d recommend speaking to a local financial expert as they really do know their stuff.
Get free stuff!
Are you making use of all the free things on offer? You might qualify for the free Green Homes Grant worth up to £10k. Follow Broke in Bristol (& beyond) for a freebie every day and make sure you’re claiming all the benefits you’re entitled to if you’ve recently lost work.
Stick to a budget
I used to think budgets were for bores, but after drawing one up and sticking to it helped me pay off £16k worth of debt, I wouldn’t be without one now. It helps you plan for the future and see where your money is going. If you’ve got any left over after making cuts, why not invest as savings rates aren’t great at the moment?
Do you have any other ways to boost funds that you can share with the community? Please share them on the Facebook page. More from Broke in Bristol – & beyond: