2026 Cost of Living Hacks That Actually Work

Right then, let’s face it, the cost of living feels like it’s always on the up, doesn’t it? Trying to keep your head above water can be a real grind. But don’t despair! We’ve rounded up some cracking cost of living tips that actually work, whether you’re a sparky on the tools or just trying to make your quid stretch.

These aren’t any of those fancy, complicated schemes; they’re the no-nonsense, practical ideas that’ll help you keep more cash in your pocket.

Key Takeaways

• Negotiate your bills – companies often have wiggle room to keep you as a customer.
• Meal planning and buying frozen veg can seriously cut down your grocery spend.
• Buying secondhand first saves you heaps and is better for the planet.
• Automate your savings so you don’t even have to think about it.
• Use cashback apps and credit card points for money you’d be spending anyway.

1. Negotiate Your Bills

Right, let’s talk about bills. You know, the ones that seem to just keep going up? Well, here’s a bit of a secret: most of them are actually negotiable. Yep, your internet provider, your mobile phone company, even your insurance – they’d much rather give you a little discount than have you take your business elsewhere. It sounds a bit daunting, but honestly, it’s usually just a quick phone call.

Think about it. You’ve probably been a loyal customer for ages, right? So, when you call up, try saying something like, “I’ve been with you for X years, but I’m seeing better deals with [competitor]. What can you do to keep me on board?”

Be polite, but firm. If the first person you speak to can’t help, ask to be put through to the ‘retention’ or ‘cancellations’ department. These folks usually have the power to offer you the best deals. It’s amazing how much you can save with just a bit of persistence. For example, a 15-minute chat with my internet provider last year saved me $30 a month – that’s $360 a year for doing next to nothing!

Here’s a quick breakdown of who to call and what to say:

• Broadband/Internet: Ask for current promotions or loyalty discounts. Mentioning a competitor’s price is key.
• Mobile Phone: Similar to broadband, inquire about better plans or discounts for long-term customers.
• Insurance (Home/Car): Shop around first! Get quotes from a few different companies, then go back to your current provider and see if they can match or beat them. You can also ask about increasing your excess (deductible) if you have a decent emergency fund, as this often lowers your premium.
• Other Utilities (Gas/Electric): Compare prices regularly. If you’re on a standard tariff, you’re likely overpaying. Switching or negotiating can save a surprising amount.

Don’t be afraid to haggle. Companies expect it, and they’ve built it into their pricing. You’re not being unreasonable; you’re just being smart with your money. It might feel a bit awkward at first, but your bank balance will definitely thank you later.

And if you’re looking to improve your home security, smart home technology can be a great investment, offering remote monitoring and control, which can also give you peace of mind [a557].

2. Meal Planning

Right, let’s talk about meal planning. I know, I know, it sounds like a chore, doesn’t it? Like something your mum would nag you about. But honestly, this is one of those things that can genuinely make a big difference to your bank balance.

Think about it: how often do you get to the end of the day, stare blankly into the fridge, and then just end up ordering a takeaway or grabbing something processed? That adds up, fast. The average household probably spends a small fortune each year on food that isn’t even planned.

Meal planning doesn’t have to mean spending hours prepping every single meal for the week. It’s simply about having a rough idea of what you’re going to eat. A good starting point is to just plan your dinners. Spend about 20-30 minutes each week, maybe on a Sunday, jotting down what you fancy for the evening meals.

While you’re at it, make a shopping list based on those meals and check what’s on offer at your local supermarket. This way, you’re not just wandering around buying random bits that might go off.

Here’s a simple way to get started:

• Check your cupboards and fridge first: See what you already have that needs using up. Plan meals around those ingredients.
• Look at the weekly ads: See what’s on special offer at your usual shops and build meals around those discounted items.
• Keep a list of easy go-to meals: For those nights when you’re knackered, have a few simple recipes you can whip up without much fuss.
• Don’t forget snacks and lunches: Factor these in too, especially if you’re packing lunches for work or school.

This habit alone can save you a significant amount of money each month, and you’ll probably find you waste a lot less food too. It’s a win-win, really. Plus, it takes the stress out of the daily ‘what’s for dinner?’ question. If you’re looking for ways to get a handle on your food spending, checking out grocery store deals can be a good first step.

Planning your meals helps you buy only what you need, which cuts down on waste and saves you money. It also stops those impulse buys when you’re hungry and don’t know what to cook.

Seriously, give it a go for a month. You might be surprised at how much you save and how much easier your week becomes. No more last-minute panic buys or expensive takeaways!

3. Bulk Buy Nonperishables

Right then, let’s talk about stocking up. When you see a good deal on things that won’t go off, it makes sense to grab a few extra, doesn’t it? Especially with prices seeming to go up all the time. Think about things like pasta, rice, tinned goods, and toiletries. Buying these in larger quantities often works out cheaper per item. It’s a smart way to get ahead of potential price hikes.

Before you go mad, though, have a good rummage through your cupboards. Make sure you know what you already have so you don’t end up with three jars of the same jam. Organising your pantry so you can actually see everything is a game-changer. It stops you buying stuff you’ve already got hidden away.

Here are a few ideas for what to look out for:

• Canned goods (beans, tomatoes, soup)
• Dried pasta and rice
• Oats and cereals
• Toiletries (toilet paper, toothpaste, soap)
• Cleaning supplies

It’s not just about the savings, either. Having a well-stocked pantry means fewer last-minute dashes to the shop, which can often lead to impulse buys you don’t really need. Plus, if something unexpected happens, like a sudden shortage or a bad bit of weather, you’ll have essentials on hand.

Remember to check the ‘use by’ dates, even on nonperishables. And make sure you have space to store everything properly. Nobody wants mouldy biscuits or damp loo roll.

Consider joining a warehouse club if you have the space and will genuinely use the items. Sometimes the membership fee is worth it for the savings you make on bulk purchases, but only if you’re going to get through it all before it expires or you get bored of it.

4. Automate Your Savings

Right, let’s talk about making your money work for you without you even having to think about it. Automating your savings is probably the easiest win you’ll get. Seriously, it requires almost zero effort after the initial setup. The idea is simple: as soon as your wages land in your bank account, a pre-set amount gets whisked away into your savings.

You never see it, you never have to decide whether to save it, and before you know it, you’ve built up a decent pot without feeling the pinch.

Most banking apps let you set $20 0r $25 each payday adds up surprisingly quickly. The magic here is that it takes the decision-making out of the equation. You’re not relying on whatever’s left at the end of the month (because let’s be honest, there’s rarely anything left). You’re essentially paying yourself first, automatically.

Think of it like this:

• Set it and forget it: Once it’s running, you don’t need to do anything.
• Builds momentum: Seeing your savings grow without trying is a massive motivator.
• Removes temptation: If the money isn’t easily accessible, you’re less likely to spend it on impulse buys.

This method is brilliant for building up an emergency fund or saving for specific goals, like a holiday or a new smart home gadget. You can even set up different pots for different goals, so you know exactly where your money is going.

This approach is a game-changer because it bypasses the need for constant willpower. Instead of relying on your discipline to save, you create a system that saves for you. It’s about making saving a non-negotiable part of your financial life, just like paying your rent or your electricity bill.

5. Use Cashback Apps

Right, so you’re doing your regular shopping, right? Buying your usual bits and bobs. Well, what if I told you that you could get a little bit of money back on those purchases without really doing anything extra? That’s where cashback apps come in. They’re pretty straightforward, honestly.

You download an app, maybe link your bank card or just remember to activate the offer before you buy online, and then you get a percentage of your spending back. It’s not going to make you a millionaire, but it’s essentially free money for things you were going to buy anyway.

Think of it like this: you’re already heading to the supermarket. Before you go, you quickly tap on the app to activate cashback for that store. You do your shop, pay as normal, and then later, the app shows you how much you’ve earned back.

Some apps, like Ibotta, are great for groceries, letting you scan your receipts after you’ve shopped. Others, like Rakuten, work really well for online purchases – you just need to remember to click through their link before you buy. It takes maybe an extra minute, tops.

Here are a few ways to get the most out of them:

• Activate Before You Buy: This is the golden rule. Always check the app or browser extension to see if there’s an offer available before you click ‘buy’ or head to the checkout.
• Scan Your Receipts: For in-store purchases, don’t forget to scan your receipt into apps like Fetch Rewards. You’d be surprised what you can get money back on.
• Compare Offers: Different apps might offer different rates for the same shop. A quick comparison can mean a few extra quid back in your pocket.
• Don’t Buy Stuff You Don’t Need: This is super important. Cashback is only good if you’re spending money you’d already planned to spend. Don’t let the promise of a few pence back tempt you into buying things you don’t actually need. That defeats the whole purpose, doesn’t it?

These apps are a simple way to trim a little off your regular expenses. They won’t solve all your money worries, but they’re a nice little bonus for being a savvy shopper. It’s like finding a tenner in an old coat pocket, but it happens more often.

It’s a small thing, but over time, those little bits add up. You might find yourself with enough saved for a nice coffee or even a small treat you wouldn’t have bought otherwise. Plus, it feels pretty good knowing you’re getting a little something back from your everyday spending. You can even use them alongside other money-saving tips, like checking out local produce when it’s in season.

6. Buy Secondhand First

Right, let’s talk about giving pre-loved items a new lease of life. Before you even think about clicking ‘add to basket’ for something new, have a good look around the secondhand market. We’re talking about places like Facebook Marketplace, Vinted, eBay, or even your local charity shops.

Honestly, you can find some absolute gems for a fraction of the price you’d pay in a shop. I’ve kitted out a good chunk of my flat this way – got a cracking armchair for £50 that would have cost £500 new. It’s not just furniture, either. Clothes, books, kitchen gadgets, even bits for the garden – you name it, you can probably find it secondhand.

It’s not just about saving cash, though that’s a massive bonus. Buying secondhand is also a really sound way to be a bit kinder to the planet. Less waste, less manufacturing, you know? It feels good to save money and do a bit of good at the same time.

Here’s a quick rundown of where to look:

• Online Marketplaces: Facebook Marketplace, Gumtree, eBay – great for furniture, electronics, and general bits and bobs.
• Clothing Apps: Vinted, Depop, Poshmark – perfect for snagging branded clothes or unique finds.
• Charity Shops: Always worth a rummage for books, homeware, and sometimes even designer labels.
• Car Boot Sales/Flea Markets: Hit or miss, but you can unearth some real treasures if you’re patient.

Just remember to be sensible about what you buy secondhand. While you can get almost anything, some things are best kept new for hygiene or safety reasons. Think underwear, mattresses, and maybe safety equipment. Everything else? Go for it!

Seriously, give it a go. You might be surprised at what you find, and your bank account will definitely thank you.

7. The 24-Hour Rule

Ever seen something and just had to have it? That shiny new gadget, that trendy top, or even just a fancy coffee maker that promises to change your life. We’ve all been there. But often, that urge to buy fades faster than you’d think, especially if you give yourself a bit of breathing room.

That’s where the 24-hour rule comes in. It’s a super simple trick to stop yourself from making impulse buys that you’ll later regret (and that’ll mess with your budget). The idea is straightforward: if you want to buy something that isn’t an absolute necessity, just wait 24 hours before you actually click ‘buy’ or hand over your cash.

Add it to your online basket, take a screenshot, write it down – whatever works for you – but don’t complete the purchase straight away.

Give yourself a full day to mull it over. You might find that by the time 24 hours have passed, the urge has completely disappeared. You’ll probably realise you don’t actually need it, or maybe you’ll find a better deal, or perhaps you’ll just forget all about it.

If, after a whole day, you still genuinely want the item and it fits comfortably within your budget, then go for it. But more often than not, that initial ‘must-have’ feeling will have passed.

This little pause can save you a surprising amount of money over time. Think about all those little things that seemed like a good idea at the time but ended up gathering dust. By waiting, you avoid those purchases and keep your hard-earned cash for things you truly need or that bring you lasting joy.

Here’s how to put it into practice:

• Identify the urge: Notice when you feel that immediate desire to buy something.
• Pause and record: Don’t buy it. Instead, note down what it is, how much it costs, and where you saw it.
• Wait 24 hours: Go about your day. Distract yourself. Think about other things.
• Re-evaluate: After the 24 hours, check your list. Do you still want it? Is it worth the money?

The 24-hour rule isn’t about deprivation; it’s about mindful spending. It helps you distinguish between genuine needs and fleeting wants, leading to more intentional purchasing decisions and a healthier bank balance.

8. Cash Stuffing

Right, let’s talk about cash stuffing. You might have seen it all over TikTok, but honestly, it’s a proper old-school method that actually works for loads of people who find themselves overspending on cards.

The idea is super simple: you take out cash for your different spending categories – think groceries, going out, petrol – and pop it into separate, labelled envelopes. Once an envelope is empty, that’s it for the month in that category. No more spending.

This method really helps because seeing the physical cash dwindle makes spending feel much more real than just swiping a card. You can physically see how much you’ve got left, which is way easier than trying to do mental arithmetic in the supermarket aisle.

Here’s how you can get started:

• Decide on your categories: What do you spend money on regularly? Groceries, transport, fun money, bills? List them out.
• Set your budget for each: Work out how much you can realistically allocate to each category per week or month.
• Withdraw the cash: Head to the bank and withdraw the exact amounts for each envelope.
• Stuff those envelopes: Label them clearly and put the cash inside.

You don’t need fancy, expensive envelopes to start. Plain old ones from the stationery cupboard will do the job perfectly. Give it a go for a month and see how it feels – you might be surprised.

It’s a straightforward way to get a better handle on where your money is actually going, and it stops those sneaky card transactions from adding up without you noticing.

9. Shop Local Produce

You know, sometimes the best way to save a bit of cash is to look right in your own backyard. Shopping for local produce, especially when it’s in season, can be a real game-changer for your grocery bill. Think farmers’ markets, farm stands, or even those little orchards you pass on a country drive.

The biggest win here is freshness and flavour, often at a lower price than you’d expect. Plus, you’re supporting local growers, which is a nice bonus.

Here’s why it’s worth seeking out:

• Seasonal Savings: When fruits and veggies are in season locally, there’s usually an abundance. This means lower prices for you because they’re readily available and don’t need to be shipped from miles away.
• Reduced Food Miles: Less travel time from farm to your table means less spoilage and often, a better taste. It’s a win for your wallet and the environment.
• Discover Hidden Gems: You might find varieties of produce you’ve never seen in a supermarket. It’s a fun way to mix up your meals.

Don’t shy away from produce that isn’t picture-perfect. Often, slightly bruised or oddly shaped items are sold at a significant discount. These ‘imperfect’ fruits and vegetables taste just as good and are perfect for cooking, baking, or blending into smoothies.

When you’re at the market, don’t be afraid to chat with the farmers. They can tell you what’s best right now and how to prepare it. It’s a great way to get recipe ideas and make the most of your purchases.

10. Manage Debt

Right then, let’s talk about debt. It’s a bit of a drag, isn’t it? But tackling it head-on is one of the smartest ways to free up your cash. The sooner you can pay off any high-interest debt, the less you’ll end up shelling out on interest fees over time. It’s like stopping a leaky tap – the longer you leave it, the more water (or money!) you lose.

If you’ve got a chunk of debt, especially on credit cards with sky-high interest rates, it’s worth looking into ways to reduce that burden. Sometimes, you can get a personal loan with a much lower interest rate. If you manage to snag one, you could save a decent amount each month just on interest alone.

Another trick is a balance transfer. Some credit cards offer a 0% interest period for a while when you transfer a balance from another card. Just be super careful to pay it off before that intro period ends, or the interest can come back with a vengeance!

Here are a few options to consider:

• Look into a personal loan: If you can get a loan with a lower interest rate than your current debts, it could save you money.
• Consider a balance transfer: Some credit cards offer a 0% interest period, which can give you breathing room to pay down debt.
• Debt consolidation: This involves combining multiple debts into a single, new loan, often with a lower monthly payment.
• Debt management plans: If things feel a bit overwhelming, a non-profit credit counselling agency can help you create a plan to pay off your debts.

The key is to stop the interest from piling up. Every bit you pay off now is money that stays in your pocket instead of going to the bank. It might feel like a slow process, but chipping away at it makes a real difference in the long run.

11. Check Unit Prices

Right then, let’s talk about getting more bang for your buck when you’re doing the weekly shop. You know how sometimes you grab the biggest pack of something thinking it’s the best deal? Well, not always! You’ve got to get savvy and check the unit price.

This is basically the price per kilogram, litre, or whatever unit the product is measured in. It’s the real way to compare value, not just the overall price tag. Stores often put this on the shelf label, but it’s super easy to miss or sometimes they don’t even bother. So, what do you do?

• Always look for the unit price. It’s usually in smaller print on the shelf tag or the product packaging.
• Use your phone’s calculator. If it’s not obvious, do a quick calculation: total price divided by the quantity (e.g., grams, millilitres).
• Compare different sizes. A medium-sized pack might actually be cheaper per unit than the extra-large one. It sounds odd, but it happens!
• Don’t forget about different brands. Sometimes a store’s own brand, even in a smaller size, can work out cheaper per unit than a big name brand.

It might seem like a faff at first, but once you get into the habit, it’s a lifesaver for your budget. You’ll be surprised at how much you can save over time just by paying attention to this one little detail. It’s a simple trick that really does make a difference to your grocery bill.

You might think you’re getting a bargain with the family-sized pack, but a quick check of the unit price could reveal that two smaller packs are actually more economical. It’s all about the price per measure, not just the overall cost.

12. Digital Coupons

Right then, let’s talk about digital coupons. You know, those little codes and offers you can find online or on your supermarket’s app? They’re not just for the super-organised types; honestly, they’re a pretty straightforward way to shave a bit off your grocery bill without much fuss. Most big supermarkets have their own apps or websites where they list all the current deals. You just ‘clip’ them digitally, and they’re automatically applied when you pay at the checkout, either in-store or online. It’s like magic, but with savings.

Seriously, taking a few minutes to check for digital coupons before you shop can really add up over time. It’s not about buying things you don’t need, but about getting a better price on the things you do. Think of it as a small discount for being a savvy shopper.

Here’s how to get started:

• Download your favourite supermarket’s app: Most major chains have one. Have a look around – you’ll usually find a section dedicated to offers or coupons.
• Browse regularly: Check the app or website before you do your main shop. Some coupons are time-limited, so you don’t want to miss out.
• Link your loyalty card: Make sure your loyalty card is linked to your account. This is how the store knows which digital coupons to apply to your shop.
• Look for ‘e-receipts’: Some apps will also send you an electronic receipt, which can be handy for tracking your spending.

It might seem like a faff at first, but once you get into the habit, it’s really quick. You’re essentially getting money off things you were going to buy anyway. It’s a no-brainer, really, especially when you see those savings stack up at the till.

13. Membership Clubs

Right then, let’s talk about membership clubs. You know, the places like Costco or Sam’s Club where you can buy things in massive quantities. If you’ve got the space to store it all and you’re pretty sure you’ll actually use it before it goes off or you get bored of it, these places can be a goldmine for savings.

Think about things like toilet paper, cleaning supplies, or even some non-perishable food items. Buying in bulk often means a much lower price per item, which really adds up over time.

It’s not just about the big warehouse clubs, either. Lots of other services offer membership models that can save you cash if you’re a regular user. For example, if you’re a frequent flyer, a specific airline’s membership might get you perks that save you money on flights or baggage. Or maybe a local cinema has a membership that gives you cheaper tickets and popcorn.

Here’s a quick rundown of how to make them work for you:

• Assess your usage: Be honest. Are you really going to get through 50 rolls of paper towels? If not, maybe stick to your usual supermarket.
• Compare unit prices: Don’t just assume bulk is cheaper. Always check the price per unit (per kilo, per litre, per item) to be sure.
• Factor in the membership fee: If there’s an annual fee, make sure the savings you make outweigh that cost.
• Share with friends or family: If you can’t use it all yourself, team up with someone else to split the cost and the goods.

The key here is to avoid impulse buying just because it’s a ‘deal’. If you wouldn’t normally buy ten jars of peanut butter, don’t suddenly buy ten jars just because they’re in a big multipack. Stick to your list and only buy what you know you’ll use.

14. Negotiate Insurance

Right, let’s talk about insurance. It’s one of those things we all have to have, but it can really add up, can’t it? Most people just accept the renewal quote they get, but honestly, that’s a missed opportunity. You should absolutely be calling your insurance provider every year to see if you can get a better deal.

Think about it – they want to keep your business, and often, they’ve got a bit of wiggle room to make that happen.

So, what can you actually ask for? Here are a few ideas:

• Rate Review: Just ask them to check your current rate. Sometimes they have new discounts or promotions you weren’t aware of.
• Bundling: If you have multiple policies with them (like home and car insurance), ask about bundling them together. You can often get a discount for having everything under one roof.
• Higher Deductible: This is a bit of a trade-off. If you have a decent emergency fund, you could consider increasing your deductible. This means you’d pay more if you make a claim, but your regular premium payments will likely be lower.
• Shop Around: Don’t be afraid to get quotes from other companies. Then, take those quotes back to your current provider and see if they can match or beat them. It sounds a bit cheeky, but it works!

It might feel a bit awkward at first, especially if you’re not used to haggling. But seriously, a quick phone call could easily save you a few hundred quid a year. That’s money you can put towards literally anything else – holidays, savings, or just a few more nice coffees.

Remember, insurance companies are businesses. They’re not doing you a massive favour by insuring you; it’s a transaction. Don’t be afraid to ask for the best possible price. It’s your money, after all.

15. Buy Frozen Vegetables

Right then, let’s talk about frozen veg. You know, those bags of peas, carrots, broccoli, and all sorts of other good stuff you find lurking in the freezer aisle? They’re often a bit of a hidden gem when it comes to saving a few quid on your weekly shop.

Honestly, they’re just as good for you as the fresh stuff, sometimes even better, because they’re frozen at their peak. Think about it – fresh produce often travels miles before it even gets to the supermarket, losing nutrients along the way.

Frozen veg, on the other hand, gets picked and frozen really quickly, locking in all those vitamins and minerals. Plus, they last ages in the freezer, meaning less waste and fewer emergency trips to the shop when you realise you’ve run out of something.

Here’s why you should be chucking more frozen veg into your trolley:

• Cost-effective: Generally cheaper than fresh, especially out of season.
• Longer shelf life: No more sad, wilted carrots at the back of the fridge.
• Nutrient-rich: Frozen at peak freshness, so you’re not missing out on goodness.
• Convenience: Pre-chopped and ready to go, saving you prep time.

You might think frozen veg is just for emergencies, but it’s a smart move for everyday cooking. It helps you stick to your budget without sacrificing healthy eating. Plus, it means you’re less likely to end up with a bin full of forgotten, gone-off produce.

So next time you’re doing the big shop, don’t shy away from the freezer section. You might find it’s a brilliant way to keep your food costs down and your meals healthy.

It’s a simple switch that can make a real difference to your bank balance, and it’s a great way to make sure you always have some healthy options on hand, no matter what. You can find some great deals on these items if you know where to look, perhaps even at your local supermarket.

16. Use Credit Card Points

Right then, let’s talk about those credit card points you’ve been racking up. If you’re anything like me, you probably signed up for a card because of the shiny sign-up bonus and then just sort of… forgot about the points. But honestly, they can be a proper little goldmine for saving cash if you use them wisely.

Don’t let those points just sit there gathering dust; they’re basically free money waiting to be claimed.

Think about it. Every time you use your card for something you were going to buy anyway – groceries, petrol, that new top you’ve had your eye on – you’re earning points. It’s like getting a tiny discount on everything. The trick is to have a card that aligns with your spending habits.

If you’re always buying food out, get a card that gives you extra points on dining. If you travel a lot, look for air miles or hotel points.

Here’s a quick rundown of how to make them work for you:

• Check your balance regularly: Most card providers have an app or a website where you can see exactly how many points you’ve got. Don’t just assume; have a look.
• Understand the redemption options: Points can usually be redeemed for statement credits (which is like getting money off your bill), gift cards, travel, or sometimes even direct cash. See what gives you the best bang for your buck.
• Look for bonus offers: Sometimes, card companies will have special promotions where you can get extra points for spending in certain categories or for transferring points to a partner.
• Consider travel cards: If you’re planning a holiday, using points for flights or hotels can save you a significant amount of money. Just be aware of any blackout dates or restrictions.

It’s not always straightforward, mind. Some points are worth more than others, and the value can change depending on how you redeem them.

For example, redeeming points for a statement credit might give you 0.8p per point, but redeeming them for a specific travel package could give you 1.5p per point. It pays to do a bit of research before you cash them in.

You might be tempted to go for the highest-value redemption, but sometimes the simplest option, like a statement credit, is the most practical. It really depends on your personal goals and how much effort you want to put in. Don’t overcomplicate it if a simple cash-back equivalent works for you.

17. Debt Consolidation

Got a few different debts hanging around your neck? Maybe a credit card here, a personal loan there, and perhaps some other bits and bobs? It can feel like a real headache trying to keep track of them all, not to mention the interest you’re paying on each one.

Debt consolidation is basically about bundling all those separate debts into one single, manageable payment. The big win here is that you could potentially get a lower overall interest rate, which means you’re paying less over time. This can seriously cut down the amount of interest you owe each month.

It’s not a magic wand, mind you. You still have to pay it back, but it simplifies things a lot. Think of it like this:

• Gather your debts: List out everything you owe – the amount, the interest rate, and the minimum payment for each.
• Explore your options: Look into personal loans, balance transfer credit cards, or specific debt consolidation loans. Each has its own pros and cons.
• Compare offers carefully: Don’t just jump at the first thing you see. Check the interest rates, any fees involved, and the repayment term.
• Make the switch: Once you’ve chosen the best option, use the new loan or card to pay off your old debts. Then, you’re just left with the one new payment.

It’s a smart move if you’re struggling to manage multiple payments or if you’re paying a lot in interest. It can give you a clearer path to becoming debt-free and free up some cash flow. If you’re looking for ways to get a handle on your finances, exploring options like a personal loan might be a good starting point.

18. Personal Loans

Right then, let’s talk about personal loans. Sometimes, you might find yourself needing a bit of extra cash for something specific, maybe a home repair that just can’t wait, or perhaps you’ve got some high-interest debt hanging around your neck like a bad smell. A personal loan could be a way to sort that out.

Essentially, it’s a loan you get from a bank or a lender that you pay back in fixed monthly instalments over a set period. The big selling point here is that if you can get a personal loan with a lower interest rate than what you’re currently paying on existing debts, you could end up saving a decent chunk of money on interest charges over time.

It’s all about making your money work harder for you by reducing those pesky interest fees.

Here’s a quick rundown of why you might consider one:

• Debt Consolidation: If you’ve got multiple credit cards or other loans with high interest rates, you could take out one personal loan to pay them all off. This simplifies your payments into one manageable monthly amount and potentially lowers your overall interest rate.
• Large Purchases: Need to buy a new washing machine because the old one decided to flood the kitchen? Or maybe you’re planning a significant home improvement project? A personal loan can provide the funds you need upfront.
• Unexpected Expenses: Life throws curveballs. If you face a sudden, large expense that your emergency fund can’t cover, a personal loan might be a temporary solution.

It’s not a magic wand, though. You’ll need to shop around to find the best rates and terms, and make sure you can comfortably afford the monthly repayments. Missing payments can really damage your credit score, so only go for it if you’re confident you can manage it.

Before you even think about applying, do your homework. Compare interest rates, fees, and repayment terms from different lenders. A slightly lower interest rate can make a big difference over the life of the loan, so don’t just go with the first offer you see.

19. Balance Transfers

Got a credit card with a hefty interest rate? A balance transfer could be your new best mate. Basically, you move the debt from that high-interest card to a new one that offers a 0% interest period. This can save you a serious chunk of change on interest payments while you get it sorted.

It’s not a magic wand, mind you. You’ve got to be smart about it. The key is to have a plan to pay off as much of that balance as possible during the 0% period. If you don’t, you’ll start getting hit with interest again, and it might even be a higher rate than before.

Here’s the lowdown:

• Find the right card: Look for cards with a long 0% introductory APR period. Some offer 12, 18, or even 21 months. Check the balance transfer fee too – it’s usually a percentage of the amount you’re transferring.
• Make a plan: Figure out exactly how much you need to pay each month to clear the debt before the 0% period ends. Write it down, stick it on the fridge.
• Avoid new debt: Try not to use the new card for everyday spending, and definitely don’t transfer balances from other cards onto it unless you’ve got a solid plan for those too.
• Watch the deadline: Set a reminder a month or two before your 0% period is up. You don’t want to get caught out.

Balance transfers are a tool, not a solution. They give you breathing room, but you still need to do the hard graft of paying off the debt. If you’re disciplined, though, they can be a lifesaver for tackling credit card debt without racking up more interest.

Remember to read the fine print carefully. Each card will have its own terms and conditions, so make sure you know exactly what you’re signing up for.

20. Audit Unused Subscriptions

Right, let’s talk about those sneaky little payments that just keep ticking away in the background. You know, the subscriptions. We all sign up for them with the best intentions – that fitness app we’ll use daily, the streaming service for that one show, or the fancy software that’s going to revolutionise our lives. But then, life happens, and suddenly you’re paying for things you haven’t touched in months, or even years.

It’s time to grab your bank statements and have a good, honest look. Go back over the last couple of months and highlight every single recurring charge. Be brutal. Ask yourself: do I really use this? Is it worth the money I’m shelling out each month?

That free trial that rolled into a paid subscription? The music streaming service you barely listen to because you prefer the free version? The gym membership you’ve only visited twice since last year? Yep, they’re all fair game.

Here’s a quick way to tackle it:

• List ’em out: Jot down every subscription you find. Include the name, the monthly cost, and how often you actually use it.
• Categorise: Group them – entertainment, productivity, health, news, etc. This helps you see where your money is going overall.
• Decide and ditch: For each one, make a firm decision. Keep it if it’s essential and you use it regularly. Cancel it if it’s not providing value or if you’ve forgotten it even exists.

I did this myself a while back and was genuinely shocked. I was spending nearly £40 a month on services I’d completely forgotten about. Cancelling them took less than half an hour, and it was like giving myself an instant pay rise of almost $1000 a year. Not bad for a bit of admin, eh?

Remember, it’s not about cutting out everything fun. It’s about making sure you’re paying for things that genuinely add something to your life, rather than just draining your account out of habit. Think of it as reclaiming your hard-earned cash for things you actually want or need.

21. No-Spend Challenges

Right, let’s talk about the ‘no-spend challenge’. It sounds a bit intense, doesn’t it? Like you’re going to be living on air and good intentions for a month. But honestly, it’s more of a fun experiment than a punishment. The idea is simple: pick a period – maybe just a weekend, or a full week if you’re feeling brave – and try not to spend any money on anything that isn’t absolutely essential.

So, your rent, your bills, and the food you need to actually survive? Those are fine. But that new gadget you’ve been eyeing, the takeaway you fancy, or even just a spontaneous trip to the shops for ‘bits’? Those are off the table.

It’s all about using what you’ve already got. Get creative with your meals using up those bits in the back of the cupboard. Find free ways to entertain yourself – a walk in the park, a board game with mates, or finally tackling that pile of books. It’s basically a forced reset for your spending habits.

I tried a no-spend weekend recently, and it was eye-opening. You realise how much you spend just out of habit, not because you actually need anything. It really makes you appreciate the stuff you already own, too, instead of constantly chasing the next purchase.

Here’s a rough guide to getting started:

• Choose your timeframe: Start small. A weekend is perfect for your first go.
• Define ‘essential’: Be clear about what you absolutely must pay for (bills, necessary groceries, travel to work).
• Plan your meals: Look at what you have and plan meals around it to avoid needing to pop to the shops.
• Find free fun: Think about activities that don’t cost a penny.

The main point isn’t to be perfect. If you slip up and spend a fiver on something you forgot about, don’t beat yourself up. You’re still miles ahead of where you would have been. It’s about breaking that automatic spending cycle and becoming more aware of where your money is actually going.

It’s a brilliant way to give your bank account a breather and can really help you break free from impulse buys. You might even find you don’t miss all the stuff you thought you needed.

22. Separate Savings Buckets

Right, let’s talk about making your savings actually work for you. Instead of just having one big pot of money labelled ‘Savings’ that you might be tempted to dip into for, well, anything, try splitting it up. Think of it like having different jars for different things.

So, you could have a jar for your emergency fund – you know, for those unexpected car repairs or when the boiler decides to pack it in. Then maybe another jar for holidays, one for a new sofa you’ve been eyeing up, or even one for Christmas presents. It makes your goals feel way more real.

Most banks let you set up multiple savings accounts, or you can use apps that have ‘virtual envelopes’. It’s a simple trick, but seeing the money grow for a specific goal makes you way less likely to spend it on something random.

Here’s a quick idea of how you might split things:

• Emergency Fund: Aim for 3-6 months of living expenses.
• Big Purchases: For things like a new car, a house deposit, or a major appliance.
• Short-Term Goals: Holidays, new tech, or even just a buffer for a few months.
• Irregular Expenses: Things like annual insurance premiums or MOTs.

When you’re saving for something specific, like that trip to the seaside you’ve been dreaming about, it’s much easier to resist buying that extra takeaway or that impulse online purchase. You can actually see the progress you’re making towards something you really want, which is a pretty good motivator.

23. Zero-Based Budgeting

 

Right, let’s talk about zero-based budgeting. It sounds a bit intense, doesn’t it? Like you’re going to be meticulously tracking every single penny. But honestly, it’s just a way of making sure your money is doing what you want it to do. The main idea is that every pound you earn gets assigned a job. So, income minus outgoings should equal zero. No money left unaccounted for.

Think of it like this: you’ve got your wages coming in, and then you’ve got all the things you need to pay for – rent, bills, food, that streaming service you never watch. With zero-based budgeting, you’re not just guessing where the money goes; you’re telling it exactly where to go. This means you’re being really intentional with your spending, which can be a game-changer.

Here’s a simple way to get started:

• Figure out your total income for the month. This is the money you actually have to play with after taxes and National Insurance.
• List all your fixed expenses. These are the ones that don’t change much each month, like your rent or mortgage, loan repayments, and insurance premiums.
• Estimate your variable expenses. This is where things like groceries, petrol, and going out come in. Be realistic here – maybe look back at a few months of bank statements to get a good idea.
• Allocate money for savings and debt repayment. Don’t forget to pay yourself first! Even a small amount put aside regularly makes a difference.
• Subtract all your expenses and savings from your income. If you’ve done it right, you should be left with zero.

If you have money left over, great! Assign it to an extra debt payment, boost your savings, or treat yourself (within reason, of course). If you’re short, you’ll need to go back and see where you can trim expenses. It might mean cutting back on takeaways or finding cheaper alternatives for something.

This method forces you to confront your spending habits head-on. It’s not about restriction; it’s about conscious allocation. You decide what’s important enough to spend your hard-earned cash on, rather than letting it slip away on things you don’t even remember buying.

It might take a bit of practice to get the hang of it, especially at first. You might need to adjust your budget partway through the month if something unexpected pops up. But once you get into the rhythm, you’ll have a much clearer picture of your finances and feel more in control. It’s a really solid way to make sure your money is working for you, not the other way around.

24. Financial Mapping Routine

Right then, let’s talk about getting a handle on your money. You know how you plan a route for a road trip? Well, a financial mapping routine is pretty much the same, but for your cash. It’s about sitting down regularly, usually at the start of the month, and figuring out exactly where every single pound is going to go. We’re talking income, bills, savings, fun money – the lot.

Think of it like this:

• Income: How much is actually coming in after tax?
• Fixed Outgoings: Rent or mortgage, loan payments, insurance, that gym membership you never use.
• Variable Outgoings: Groceries, petrol, nights out, hobbies.
• Savings Goals: Emergency fund, holiday fund, new car fund.
• Wants: That new gadget, a fancy coffee every day.

The main idea is to give every pound a job before the month even kicks off. This stops you from wondering where your money vanished to by the middle of the month. It’s not about being super strict all the time, but more about being intentional with your spending.

It might sound a bit much, but honestly, it makes a massive difference. You get a clear picture of your finances, which means fewer nasty surprises and a lot less stress. Plus, when you’re planning with your partner or family, it opens up conversations about what you’re all working towards.

You’re essentially creating a blueprint for your money. Without one, you’re just hoping for the best, and that rarely works out in the long run. A routine helps you see the bigger financial picture and make conscious decisions about your spending and saving habits.

25. Store Brands and Generics and more

Right then, let’s talk about the supermarket aisles. You know those fancy branded items that stare at you from the shelves? Often, there’s a perfectly good, much cheaper alternative right next to them – the store brand or generic version. Seriously, you can often save a good chunk of change just by swapping out your usual buys for these.

Think about it. That well-known cereal? The supermarket’s own version is probably made in the same factory, by the same people, using pretty much the same ingredients.

The only real difference is the price tag. This applies to so many things – tinned goods, pasta, cleaning supplies, even toiletries. It’s not about buying cheap rubbish; it’s about being smart with your money.

Here’s a quick rundown of where to look:

• Canned Goods: Beans, tomatoes, soup – the basics are usually identical.
• Dry Goods: Pasta, rice, flour, sugar, oats. Why pay extra for a name?
• Dairy: Milk, cheese, yoghurt often have cheaper store-brand options.
• Cleaning Products: Washing-up liquid, laundry detergent, surface cleaners.
• Toiletries: Shampoo, soap, toothpaste.

And it’s not just about brands. Keep an eye out for ‘imperfect’ produce too. Sometimes fruit and veg that aren’t perfectly shaped or have a slight blemish are sold off at a big discount. It tastes exactly the same, so why not grab a bargain?

Don’t be afraid to try a few different store brands to find your favourites. What one supermarket does brilliantly, another might not. But the potential savings are huge, and it’s one of the easiest ways to cut down your grocery bill without really noticing a difference in quality.

So, What’s the Takeaway?

Right then, we’ve gone through a fair few ways to keep your wallet a bit fatter in 2026. It’s not about doing anything drastic, just tweaking how you do things day-to-day. Whether it’s being smarter with your groceries, haggling a bit on those bills, or just making sure you’re not paying for stuff you don’t use, every little bit helps.

Give a couple of these a go and see how you feel – you might be surprised at how much difference it makes without feeling like you’re missing out on life.