Saving money is a New Year’s resolution meant to be broken.
But if you have the wherewithal to stick it out, here are some money saving tactics for you.
A survey of 2,002 adults by Gocompare.com found that just under half (48%) of Brits will use money-off coupons, vouchers and apps to avoid paying full price for a range of goods and services, while 44% will use benefits from loyalty and cashback schemes to reduce their expenditure.
Other top tactics for saving cash include setting a budget and shopping around for insurances and energy deals:
The survey also revealed that many people are struggling, with 10% of respondents admitting to being “seriously worried about their finances” and 6% saying they rely on credit cards to make ends meet. The survey also found that:
- 30% of Brits plan to try and reduce their outgoings in 2016
- 14% of those surveyed said that they run out of money before the end of the month
- 11% expect to have a credit card debt for most of 2016
Here are the top 15 money saving tactics for 2016 that Brits have voted for:
1 Use vouchers, coupons, money-off apps to reduce the cost of purchases 48%
2 Use loyalty and cashback schemes 44%
3 Set a budget and stick to it 29%
4 Shop around for car insurance 28%
5 Shop around for home insurance 28%
6 Cut out takeaway coffee and coffee shop treats 27%
7 Switch energy supplier for a cheaper tariff 26%
8 Cut down on takeaways and ready meals 26%
9 Reduce heating bills by turning down the thermostat 25%
10 Switch to a discount supermarket 25%
11 Review or cancel satellite/cable TV subscription 20%
12 Cut down on the cost of holidays 17%
13 Review or cancel mobile phone contract 14%
14 Walk or use public transport instead of the car 13%
15 Transfer all credit card debt to a 0% card 8%