The beginning of a new year can be a time to set new resolutions to improve your life. From joining a gym to reading more books, people usually take stock at this time of year to enact change for the better.
Saving money is a popular choice high on the list of Brits' resolutions, say Quotezone.co.uk whose survey reported to show that 32% of Brits aspire to save more this year. Priorities for UK consumers looked a little different last year, with half of those surveyed wanting to do more exercise, while eating healthier – a sign of just how much the economic crisis is beginning to bed in.
However, all thoughts of nutrition aren’t completely out of mind as 21.1% of respondents still said that they were planning on eating healthier in the new year. A small number also have wanderlust, with 12.2% still keen to travel more, and only 6.2% wanting to find a new job, suggesting that the ‘great resignation’ of 2022 is finally beginning to stabilise.
Quotezone.co.uk say their research reveals five key tips that will could help you save money this year.
Five tips to save you money in 2023
Don’t let your annual direct debits auto-renew
If there are subscriptions or memberships that you’re not using or you could realistically live without, now is the time to cancel them. If you are able, try to negotiate an early exit from contracts.
If this is not possible, make a note in your diary of the date the contract runs out and double-check that no auto-renewals take place.
Skip the sales but shop around
Forget about being lured into the January sales this year and instead shop around for the best suppliers for household bills, including gas, electricity, phone, and internet. Some providers have been known to automatically upgrade you to a more expensive tariff as soon as your contract expires so read the fine print carefully.
Reduce your energy bill
There has never been a better January to get ahead of sky-high energy costs with smart meters, draft excluders and energy efficient lighting. Even small changes like adding timers to lights, can reduce the use of non-renewable resources and keep energy bills low.
Reward yourself
If you do decide to eat out, make the most of January deals at restaurants which can offer up to 50% off the bill from Monday to Wednesday at the beginning of the year. Quotezone.co.uk's rewards platform offers customers cash-back and discounts on a whole range of big brand and high street items including help towards household bills.
Insurance renewal hack
Comparing options and prices around three weeks before your insurance is actually due for renewal will ensure you get the best deals available and you’re not making a panic buy.
