The Best Ways to Save Money in 2020

Monday, November 23, 2020

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Whether it’s for investing in ways to decorate your home or you’re aiming to go on the holiday of a lifetime, we’re all always looking our finances and assessing ways in which we can save money in 2020. It’s totally normal to want to improve your financial situation, especially with an expensive Christmas period coming up.

There are numerous ways in which we can make savings too, although it can be easy to lose track of your mission as costs spiral out of control or bills get on top of you. Ultimately, it’s about being organised and planning in advance. Much like you plan a big event months before it or you aim to finally have that much-needed night in playing games using EntroPay payment method in Canada, it’s also worthwhile planning your methods of saving too. Saving money isn’t easy. It can go wrong for the best of us, but more often than not, if you have a plan, then you should reap the rewards.

With that in mind, here’s a look at some of the best ways to save money this year and beyond.

Track your expenses

In order to save money, you need to keep track of your expenses. Go through your recent bank statements and write down everything you spend money on. Creating an awareness of your spending habits will enable you to keep on top of them. It’s that simple, and it will keep you out of the red and into the black.


Plan your food shopping

In order to avoid food waste and spending money on ingredients, you simply won’t eat, make sure you plan your food for the week ahead and buy what you need accordingly. Everyone wastes money on food at times, but it can all add up quite significantly, especially if you constantly have to replace wasted food. Come up with a rough meal plan and stick to it. From there, not only will you avoid creating waste, but you’ll save money too.


Reduce non-essential spending 

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How much are you spending on outgoing contracts? Are they all completely necessary? Perhaps there’s a streaming service you hardly use or a gym you hardly visit? Cancelling what you don’t need is a sure way of saving money, it’s just a case of assessing what to keep and what to ditch.


Freeze food

Cooking up a bigger than necessary feast doesn’t mean that it has to go off in the refrigerator or go straight in the trash if you can’t eat it all, which is why making twice as much food as you need isn’t always the worst thing in the world. Why? Because you can freeze it! Freezing food will stop you from reaching for the takeaway menu when you can’t be bothered to cook, alongside helping you get the most from your food shop.


Try cheaper brands

Whether it’s with beauty products or your favorite spread, trying a cheaper brand can lead to huge savings. A lot of the products have the same results too, so it’s ultimately about finding the right cheaper option for you and counting your savings in the process. Of course, some cheaper brands might not appeal in the slightest, but even if you make a few small changes here and there, the savings could be big.


Search for discount codes and apps

Before purchasing anything online, it is worthwhile having a search for any discount codes or mobile phone apps that will give you savings on certain websites or with specific brands. Cashback sites are worth exploring too, with their popularity growing in recent times.

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