Top 10 ways to save money

This list is made up of my top ten ways to save money. Not all of them will work for you and your circumstances. Pick and choose what you think will help you. If you have any great tips from your own experiences, leave a comment below.

10. Buy a games console

As I said, this list is personal to me. You might hate gaming, or more likely put that hobby to rest not long after your thirteenth birthday. 

To be honest, I thought I had, too. Then, last Christmas I picked up an ad-hoc job and I thought I’d treat myself. I knew I wanted to stay in more so I could start to save. I bought a Playstation to make my nights in more entertaining. 

The Playstation also turns your TV into a Smart TV (if it isn’t one already like mine). So if you get tired of games it also gives you the added bonus of being able to watch your favourite programmes.

All in all, if you can afford a games console it could just make staying in more fun. That means more money saved.

9. Exercise more

I wouldn’t want everyone to think I’m advocating being a hermit that never leaves the house. The next money saving tip is to exercise more. 

According to Money and Mental Health Policy Institute, people with problem debts are 3.5 times more likely to have mental health issues.  Exercise protects people from anxiety and depression. The NHS have a great guide on to get fit for free.

Apart from all the mental health benefits, exercise is also a great way to save money. My favourite form of exercise is running. All you need is a pair of trainers. 

I often book a running event for a few months time and in the interim I know I need to go out less and train more. It means I feel better and save more. Winner! 

Exercise and save money

8. Only buy something after 24 hours consideration

You can probably tell from the first two points that money isn’t my strong suit. People can get into debt problems for a whole host of reasons; my reasons are expensive nights out and compulsive buying.

It’s easy to say don’t do this, it’s much harder in practice. What I do is write down what I want to buy and only purchase after 24 hours consideration. It works for me and who knows it might for you. 

7. No mobile contracts

I couldn’t recommend this tip highly enough. These days most contracts last for 24 months and everyone wants the latest phone, not to mention more and more data. That equals expensive monthly payments. 

I was tied into a contract and it was a serious drain on my monthly expenditure. When the contract ended I decided enough was enough.

I bought a Motorola (yes a Motorola, they still exist) and data that didn’t require a contract. Instead of paying £70 per month I now pay £10. If I run into money problems I can cancel the data anytime.

6. Create another bank account

If you think you can set money aside each month, make sure you put it somewhere you can’t easily get it. I found putting money away at the beginning of the month meant, even though I hadn’t spent the money, the lower amount of money in my everyday account made me behave frugally for the rest of the month.

5. Start a side hustle

Although this one isn’t necessarily a way to save money, it can be the most rewarding. Starting a business doing something you love, learning new skills along the way could lead you anywhere.

If you start a blog, you’ll learn Content Management System skills that could land you that copywriting job you always wanted. Maybe you love photography and now you need to learn Photoshop to start making money as a wedding photographer.

Whatever it is, there is lots of information about side hustles you can find with a quick Google search. My advice is to just go with something you love. If it’s not something you’re passionate about you probably won’t see it through.

4. Delete social media

This might seem like a strange way to save money but trust me, it helps. I deleted Facebook, Instagram and the rest. The fact is, the algorithms on these sites are witchcraft. We are bombarded with advertisements from businesses and influencers based on our interests.

If you’re like me, you might see something and start to justify ways you can afford it. The best way to stop this: make sure you don’t see the ad in the first place. 

Like exercise, deleting social media has been found to help with mental health. An added bonus to what might seem like a drastic step. But hey, saving money isn’t easy!

3. Get free stuff

This is one I haven’t done much of, stupidly. But if you’re going to attempt to save money you should go the whole way. Search for vouchers, offers, freebies and watch your savings go through the roof. 

If you want some inspiration, here’s a clip of two guys who get drunk in London for free! All they do is go from place to place using free offers. Nice work!

2. Consider a debt solution

Although this isn’t a way to save money, it is a very effective way to get your finances back in order. 

If your debts are leaving you short at the end of the month, take a look over the debt solution available and see if you think they could help you.

Individual Voluntary Arrangements (IVAs)

Debt Management Plans (DMPs)

Debt Relief Orders (DROs)


1. Change your habits

To save money I realised I had to was change my ways. I’d gotten myself into debt with a certain way of living; I knew if I wanted to save money things needed to change.

Most of the things I changed are mentioned in this list. The thing was before any of those things happened I needed to realise the habits that were causing my money problems, and commit to changing them.

You’ll probably already know what it is that is causing you money issues, and what you could do to change that. Believe me, if you go ahead and do it, it’s not just your savings that will increase. Your self-esteem, sense of pride and, in my case, confidence will with it. 

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