Living in any city is expensive enough, but if you live in a big UK city, you will agree that living expenses can be overwhelming. It is no surprise that residents of big UK cities are always on the lookout for the best ways to reduce expenses and save money.
While there are some things that cannot be avoided, such as rent, food and clothes, there are a few ways you can save a few pennies if you live in a big UK city.
Reduce your household expenses
Living in a big UK city, you will find that you spend a whole lot of money on household expenses, but if you can cut these costs a little, you will be making tremendous savings.
Energy is the highest consumer of funds in the house, and the cost can get really high, especially in the winter when you have to turn up the heating, but changing your energy supplier can help you save a lot on energy expenses. Because of the huge competition in the energy industry, you will be able to save as much as £350 in a year, when you change supplier. And if you feel guilty about moving away, know that being loyal is not always profitable.
Keep track of your expenditure
If you live in a big city like London, you will agree that sometimes it can be hard to know where all the money is going to. After splitting your paycheck, you realize that it is not enough to go round and you are left with bills unpaid. A smart solution is to try keeping a record of all you spend money on. The old fashioned style of pen on paper can work, but there are bank apps that can automate this for you.
When you have a list of what you spend money on, you can identify those items that won’t be too difficult to cut back on.
Eat in as often as you can
When you live in a big UK city, you can be tempted to try out as many local restaurants and eating places as possible. Unfortunately, this will only incur you more expenses. What you may not know is that the amount of money you will likely spend in a restaurant for a day’s meal is more than enough to last you for a week if you cook and eat in. But apart from saving money, studies have shown that cooking and eating your own meals is great for the health.
Keep an eye out for deals and discounts
When you are living in a big city, one of the best ways to save money is to be on the lookout for deals and discounts. Fortunately, there are lots of these, from discounts on cabs and trains to meals, movies and groceries. And with the internet, it has become very easy to source for deals and coupons that will help you cut down on your spending.
When you pair the deals you find with rewards like loyalty cards, you will find that you are spending less than you used to.