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Revealed: the nation’s top 25 money saving tips

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Written by:
04/10/2013
Thrifty money saving efforts are boosting people's finances by an average of £530 a year.

According to research by comparison site Gocompare.com, vouchers, money-off apps, packed lunches and home cooked meals are popular money savers together with shopping around for insurance and reducing energy use to shrink bills.

But, while 70% of us are happy to share money saving tactics with friends and family, 27% of those surveyed kept their coupons and other money saving tips to themselves.

The research revealed that 95% of people are always looking for ways to save money.

Britons’ favourite money saving tactics include:

 

Rank Favourite money saving tactic %
1 Use vouchers, coupons, money-off apps to get discounts 57
2 Take a packed lunch to work 50
3 Shop around for insurance 49
4 Turn the thermostat down to reduce heating bills 49
5 Use loyalty and cashback schemes 49
6 Cut down on takeaway meals 46
7 Do more home cooking and batch cooking 41
8 Keep a coin jar and save change 41
9 Take your own treats to the cinema 40
10 Plan meals, make a shopping list and stick to it 38
11 Cut out takeaway coffee/coffee shop treats 38
12 Don’t impulse buy – sleep on it 37
13 Switch energy supplier 35
14 Buy second-hand instead of new, use sites like eBay or Freecycle 31
15 Never grocery shop on an empty stomach 30
16 Draw up a budget and stick to it 30
17 Don’t use a tumble dryer 29
18 Review your satellite or cable subscription or cancel it altogether 27
19 Switch to a cheaper supermarket 26
20 Leave the car at home and walk or use public transport 25
21 Review your mobile phone contract or come off a contract altogether 25
22 Cut up your credit cards 23
23 Transfer all credit card debt to a 0% card 22
24 Review your gym membership or cancel it and train outdoors 21
25 Only use cash – not cards 20

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