Money Saving Tips

  • Keep track of your spending

If you know where your money is going it will be easier to make changes if you need to..

  • Separate wants from needs

Do you really need that 42-inch flat screen television? When money is tight it should not be spent unless absolutely necessary.

  • Avoid using credit to pay your bills

While it may make things easier now, using credit only increases your monthly payments in the future.

  • Save regularly

Have some of your income directly deposited into your savings account or set up an automatic transfer each month from your bank to your savings account or credit union.

  • Check your insurance policies

Review the coverage for all your plans. You may have too much and be wasting money or too little and not be adequately covered.

  • Be careful about spending a significant amount of money on periodic purchases, like gifts and vacation.

While you may feel good while you are spending the money, you may wish you had the money later.

  • Cut or downgrade your services

Can you get a cheaper cable package or have no cable at all? If you have a Mobile phone consider cutting your land line.

  • Try lowering your energy bill

Turn off appliances and lights when they are not needed. Purchase energy-efficient light-bulbs. When you can put on a sweater instead of turning on the heat.

  • Consider signing up for online bill payment

It makes sure your payments are received on time and no arrears.

  • Cut down on take-out ordering

Even if the meal is not expensive, doing it frequently can really add up. A €10 pizza once a week will cost you over €500 a year!

Links on Money Saving Tips

The Money Doctors – Top 100 ways to save your cash

Money Guide Ireland – Top Saving Tips

50 Ways to Save your Money

The Journal – Strategies to Save Your Money