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Four money-saving things you should do to help save cash each month

Hannah, 24, who lives in Bristol and who runs the Budget With Me blog, shares her money-saving advice with her thousands of followers online – we explain some of her top tips here

Money blogger provides advice on how to save each month

A money blogger has explained four things you should do each month if you’re looking to save cash.

Hannah, 24, who lives in Bristol and who runs the Budget With Me blog, shares her money-saving advice with her thousands of followers online.

In her latest blog post, she discusses ways to make saving easier including how to automate your payments.

Of course, this advice only works if you’ve got disposable income to put away each month.

But the tips from Hannah do include ways to cut down your outgoings as well, so you have the extra cash to spare.

Hannah said: “How to save money every month. It’s so simple isn’t it – not really it takes time!

“But watch this reel of me doing an awful dance as I share some of the tips I have learned over the years.”

Here are her four tips:

Track your spending



Hannah says there are four things you can do to improve your savings
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budgetwithme1/Instagram)






The amount you can save will depend on your income and outgoings
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budgetwithme1/Instagram)




If you’re looking to save, you first need to know how much you can afford to put away each month.

This will allow you to set a reasonable savings goal, as well as giving yourself a good idea of how long it will take you to reach this milestone.

Go through your most recent bank statement to see where your money is going and see how much you reasonably have left after you’ve paid your bills and set money aside for food.

You should also remember to factor in any events or other outgoings you know you have for the month.

Once you know what you’re working with in your finances, you can get a better idea of how much you can save – and where you can cut back to save even more.

How do you save money each month? Let us know: [email protected]

Automate your savings



Go through your bank account to see where you can cut back
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Getty Images)




You could also choose to use money apps that come with automated technology to work out your savings.

These apps will then move over your savings for you, which is great news for those who are less organised with their money.

The idea is that you start building up savings without really noticing the cash is going.

Some of the most popular saving apps include Plum and Moneybox – both of which are free to use and covered by the Financial Services Compensation Scheme.

The FSCS protects up to £85,000 of your savings.

Before deciding to use a savings app, keep in mind they use open banking – which means you’ll need to give them access to your bank accounts – and the interest rates aren’t as good as regular savings accounts.

For example, savings with Plum are initially held in an account with no interest – but you can move it to its one-day notice “interest pocket” at 0.25%. Moneybox also offers 0.25% rates for its “Simple Saver”.

In comparison, the top easy-access saver accounts right now start from 0.66%.







Remove unused subscriptions

Now this tip is more about maximising your free cash, so you have more to put away in your savings.

Brits spend an average of £46 per month on subscriptions, which works out around £552 per year.

So if you’re paying for services you don’t use, there are serious savings to be had.

Go through your bank statements and see which subscriptions you can do without.

For example, can you get by with Netflix or are you paying for a gym membership that has long been forgotten about?

Prepare your meals

Planning your meals is one of the keys to not wasting money in the supermarkets, according to bargain experts.

If you write a list – and stick to it – you’re much less likely to stray and buy food that you hadn’t planning on getting, thereby reducing your impulse spends.

Another way to save cash is to swap takeaways for fakeaways – where you make your own favourite foods from home.

You could also try and Downshift Challenge, which involves swapping branded goods for supermarket own brands.

Experts say you can save around 30% by doing this, so that is around £30 off your weekly shop for a family who typically spend £100.


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