Savvy money saving tips

Below is brief outline of some savvy money saving tips. We’ll get some more added later.

Prepare to shop

Remove the impulse to buy by writing a shopping list before you leave home and stick to it!

Negotiate your debts

If you have outstanding debts, you can could the lender and ask for a reduction in the interest rate. This will directly impact and reduce the cost of the debt you’re repaying. There is no harm to be done here. If you don’t ask, you don’t get.

Switch to a balance transfer card

If you do have credit card debt, a 0% balance transfer card may be best for you.

Balance transfer cards allow you to move debt from an interest-charging credit card to a 0% card. It seems unbelievable, but it’s true!

These cards do usually come with a small admin charge – usually a small percentage of the total balance, but are totally worth it. 

Tip: Make sure you do an eligibility check before you go ahead and apply, to check the likelihood of being accepted. 

Tip 2: There are also cards available that allow you to have the new balance transfer card credit to be deposited into your bank account. This would be where you have a debt that is not on a credit card – for example: a personal loan.


Be aware about the money you are spending around the house, and try the following:

  • Turn off lights when they’re not needed
  • Unplug electrical items when they’re not in use
  • Only use the dishwasher and washing machine when it is full
  • Don’t leave the tap running when you are washing the dishes

Always check the market instead of accepting your current providers’ rates. You’ll be surprised about the savings you can make by switching. 

Overpay debt

Making overpayments will result in less interest being charged. This does require you to have sorted your personal budget beforehand and identified additional funds to redirect to paying off your debt. 

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