Articles on: Money tips

How to Start Saving on Your Household Bills

Work out your billsWhen it comes to saving money and trying to be more spend-savvy, it can be easy to cut down on other things such as your coffees, social outings, etc. when really, there’s a huge chunk of money that can be saved at home.

Your household bills are something you should review regularly, as there are often little savings that you can make that you otherwise wouldn’t notice. Today, we’re going to give you 5 tips on how to start saving money at home.

Compare energy providers
Your current energy provider may have signed you up with an initial signing-up offer or they could have been the cheapest/best value for money at that time but is that still the case? Use a comparison website to see if you are paying too much with your existing energy provider and you may get a better deal either from them or elsewhere.

Review your direct debits
Like most people, you probably have direct debits set up for things that you may not use all the time. Whether it be for a certain app or a gym membership that you don’t use too often. You should review the direct debits you have set up to see if they are all still things that benefit you or if any of them can be cut. Some people occasionally find direct debits that they forgot to cancel, so it’s always good to make sure you aren’t paying any more than you need to.

Switch off
When you are charging your phone, or you leave a room after watching the TV – do you switch everything off? It can be easy to forget but by leaving on electric devices that you aren’t using, you are just adding to your electricity bill, which is bad for your budget, as well as for the planet. Try switching off your phone charger once your phone is at the full battery or switching off any lights/devices that you aren’t using.

Install a water meter
Money-Saving Expert has released a whole article on how you can save money on your water bill but one tip includes getting a water meter. This can help you to make sure you aren’t paying for more than you need to. If you want further advice on reducing your water bill you can take a look at the Money Saving Expert advice here.

Check your council tax
When it comes to paying your council tax, certain factors can mean you get a reduction in the amount you pay. You can see the list of factors here and it is definitely worth checking as you can get a quite big reduction on your council tax.

Saving money can seem like a difficult task but by looking at your bills and seeing where you can potentially pay less. After reviewing your bills, you can also set up a savings account with Central Liverpool Credit Union that can help you save more.

We have a range of different saving options that are designed to suit different lifestyles and saving goals. Discover our saving options here.

Updated on: 30/11/2021

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