Your bank account can look a lot healthier this year with a few simple changes
For most, the start of the new year can give justification to re-evaluate your lifestyle, health and your finances with the emphasis on improving the previous year, especially if it was a struggle.
With a difficult fiscal year expected by many in the UK, due to the uncertainty of the Brexit deal, spending time reviewing your finances will prove to be the best decision you make in January and will help you throughout the year.
What can you do to save money?
You are going to be looking at some substantial savings just by switching your home insurance, especially if you have been with the same provider for many years, potentially saving hundreds of pounds.
Chris Fereday from West Sussex was looking for affordable home insurance and contents cover but found that many of the quotes he received were very expensive.
Chris said: “I saw payingtoomuch.com advertised in the newspaper and after reading a few of the reviews, I thought that I should get a quote and I am delighted that I did. Most of the polices I saw elsewhere online were almost £80 per month for building and contents cover but the policy I found on payingtoomuch.com was only £27 per month with the same level of cover.”
If your home insurance policy is due for renewal or you have just moved into a new property, then contact our home insurance team who will be able to find the best policy for you. You can also benefit from £20 off your car or home insurance if you are an existing customer.
Some think that holidays are always expensive, especially if you are looking for a luxury break. What they don’t realise is that there are several destinations where you can get five-star service for a three-star price. Better still, look at all inclusive holidays as an option as all food and drink will be included saving you money in the long run. By visiting PayingTooMuch.com Holidays you can find some amazing deals which suit your budget and your tastes.
If you have booked a holiday through a high street travel agent, you might have been offered your travel insurance at the same time, quoting you an absurd price for your cover. The problem is that they aren’t always in the position to provide the best level of service or sell you an appropriate and affordable policy. If you have a pre-existing medical condition, then you will need to take that into consideration as the policy they offer you won’t necessarily be able to cover you. Don’t accept the first quote you see, always shop around and compare as you can potentially save hundreds of pounds, and more importantly get the right cover for your trip.
Tightening the purse strings and switching lifestyle habits
There are schemes in place to reward you for switching your bank account, offering a few hundred pounds plus as a bonus the refer a friend schemes allow you to earn more. These are often capped per year, but you can potentially earn as much as £700 per year.
You might find that your supermarket bills are constantly changing each week, often getting higher, and this is likely to happen throughout 2019, so it makes sense to switch supermarket and shop around for the best prices. According to the office of national statistics (ONS) the average total expenditure per household per month in 2017 was £554.20^ so keeping an eye on the weekly expenditure will be key to saving money. Some simple changes to your shopping habits, like switching to own brand or basic items and capping the number of takeaways you have per month could save you hundreds of pounds over the year.
Visit payingtoomuch.com today and see how much money you can save on your insurance and holiday bookings this year. Call us on 01243 784000.
^Excluding mortgage interest payments, council tax for households in Great Britain and domestic rates for households in Northern Ireland