Refreshing your finances: The Basics

Saving money is at the top of everyone’s agenda these days. With jobs being cut and household bills rising – our money just isn’t going as far as it was five years ago.

Despite this many postpone ‘refreshing their finances’ as they feel it takes too much time which they can’t afford to take out of their busy life. This isn’t the case, in-fact; the time you spend assessing your outgoings now, will pay for itself over the next few months. Here are a number of ways you can make your money go further:

Home Phone and Broadband Bills

Broadband speeds have come a long way in the past few years. For example; Virgin have recently launched their new 100Mb fibre optic broadband (the fastest service in the UK), compare this to 2007 where the average connection speed was 2007. The thing is, as speeds have progressed and market competition has increased, prices have dropped. This means that if you haven’t switched broadband providers recently you may be paying over the odds for a service that is essentially sub-standard.

By ‘bundling’ the cost of your landline and broadband you’ll probably find you can save even more money. Using a comparison website will be the quickest and most effective way of gaining quotes which you can then use to negotiate with your current provider.

Energy Bills

Gas and electricity are amongst the most significant expenses of the month which is why it is important that you spend some time thinking about how you can reduce your bill.

There are two potential ways of reducing your energy costs; switching provider or reducing your usage. Historically, switching energy providers was a manual and time consuming process however due to the introduction of the internet and indeed online comparison services; it is no longer such a tedious task.

Having switched providers to the most cost effective option, you now need to make some cuts in order to limit your usage. Follow these basic tips to reduce your bill:

  • Turn lights off if no one is in the room.
  • Reducing thermostat by 1-2°C
  • Don’t use washing machine and tumble dryer on half-loads
  • Only boil the amount of water you need
  • Switch to energy saving light bulbs

As you can see these tips take very little time to implement, so do so as soon as possible to ensure you’re not using more energy than you need.

Supermarket Shopping

Grocery shopping also makes up a large percentage of your total outgoings which means with a little bit of effort you could save yourself hundreds over the course of the year. A lack of planning is often to blame for overspending on food shopping, so before you go anywhere you need to create a list of everything you need for the week. At first, it may take a few weeks of trial and error to formulate the perfect list however once you’ve got it right, you’ll soon see your food bill and food wastage levels decreasing.

Having formulated the perfect list, sign up to MySupermarket and load your list in and ensure that you are shopping at your current supermarket. When you get to the end of your list you’ll be given a price for each of the major supermarkets. Choose the cheapest supermarket and then click ‘view your basket’, you may find that alternative brand products have been added to save you money.

Having found the cheapest supermarket you can get further discounts by applying voucher codes to your basket, these can be found simply by searching ‘voucher codes’ on Google. These codes will often entitle you to things like 10% off your shop or free shipping.


Simply reducing the cost of your broadband, energy and food shopping bills, you could find yourself with significantly more disposable income. There are loads of other ways of saving money and reducing your outgoings, for more great money saving tips visit

Comments: 5

  1. Ruthie June 29, 2013 at 2:03 am

    Hey men,

    I have just gone to live in New york city in the United kingdom and I am nearly to register to Direct TV’s Satellite service, but should also obtain a Broadband provider. Recognise the business can provide us a decent speed for any competitive cost???

    I’ve got a reasonable budget and wish to obtain a good connection, but don’t wish to be having to pay $60+ monthly.

    My home is East Village, New york city. 10009.

    Thanks greatly ahead of time

  2. Mason August 9, 2013 at 1:02 am

    I`ve just purchased a laptop, & I`ve been searching at a listing of broadband companies, & all of them expect me to obtain line rental too. I don`t require a telephone as I’ve got a mobile. It appears that they’re just to screw just as much money from their clients as they possibly can.Can you really surf the web on my small laptop without needing to obtain a landline?

  3. Fidel August 21, 2013 at 3:30 am

    The very best one I’m able to find is as simple as Three it provides 5GB downloads for £15 per month. Why cant special broadband companies offer limitless downloads like landline broadband packages do?

  4. Suzette September 20, 2013 at 2:54 pm

    I am using Netscape 8.1.3. When my portfolio loads on yahoo finance, streaming quotes will always be ON. I recieve a note saying a script is running gradually and could slow my system. It Will slow my system. I am eventually in a position to turn streaming quotes OFF and my system returns to normalcy. But each time I return to my portfolio, streaming quotes have returned on. How do you turn them off PERMANENTLY? I am perfectly prepared to reload/refresh the page after i want more recent quotes.

  5. Florencio November 9, 2013 at 12:31 am

    I live near high hillsides affecting wireless broadband, now’s there anyway I’m able to test all the broadband companies link with me without switching for them. Kind of like picking the inflated ball within the deflated ones.

    I am with BT plus they promise as much as 20mb download and to date the greatest I have become is 6mb, Among the finest to determine what broadband provider can provide me greater than 6.

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