check the small print

12 easy Money Saving tips

check the small print1 Look over your membership or season ticket to see what extra benefits are conferred. These might be entry to other venues or discounts in certain retail outlets, cafés or hotels.

2 Read the paperwork that comes with your credit card. It may offer, say, an extra 12 months’ or so warranty after the manufacturer’s warranty expires on such as electrical goods purchased with the card.

3 If you have opted for treatment on the NHS, or found yourself compelled to go down that route even though you had private medical cover, check if the insurer will make a cash payment in lieu of your using private hospital accommodation.

4 If the car windscreen smashes see if the insurer will replace it free of charge with no strings attached.

5 Consider if there is something that can be deleted from an insurance  policy which you are paying for but do not need.

6  Sometimes there is a requirement with certain types of home insurance that certain types of locks on door or windows or a burglar alarm will lower your insurance costs.  So it might be financially beneficial to ensure you have the type of locks secured on your property that the insurance company requires.

7  Car insurers are very inquisitive when calculating premiums and will hold policyholders to anything they have committed to. They will probably want to know whether a vehicle has been adapted and about any significant change in the miles driven. Is there a special undertaking about where it is kept? Perhaps it needs to be in a locked garage overnight.

8 With travel insurance, the activities section may have some shocks about cover for any dangerous, or not so dangerous, sports.

9Then there are those complicated deposit accounts which, as a quid quo pro for yielding a more competitive rate of interest, have complicated rules that are easy to flout accidentally. A single small cash withdrawal can, in some instances, lead to the rate on an account plummeting, and anyone with such an account needs to be aware of this.

10 Look out, too, for the type of fixed rate product whereby possibly 90 days’ interest may be deducted as a penalty if the saver backs out even before the start date.

11 Income protection policies need particular scrutiny. See what is deducted before an income figure is arrived at.  Find out whether the insured has only to be unable to pursue his “own” occupation before benefits become payable or if it has to be “any” occupation.

12 See if household cover will reimburse any cost incurred in reaching the source of a problem. This could involve wrenching up floorboards, for example, to get to a leaking pipe.

Money saving tips for mums

spend not saveMake a Shopping List

Making a shopping list before you visit the supermarket will always prove cheaper than not making one – just make sure you stick to it! It’ll stop you from purchasing unnecessary treats and making impulse buys.

Stock up on Special offers

When shopping, if you see something you buy regularly on offer, why not stock up on it by buying a few? Just because something is two-for-one this month, doesn’t mean it will be next month, so buy a few for the months ahead. You’ll save so much more money in the long run and you’ll have plenty of supplies for the future.

Put your savings in an ISA

You can now put up to £5,100 per year into an ISA which is like a savings account, the only difference is that the interest you earn on your savings is tax free – so make the most of your savings by getting one! Cheltenham & Gloucester’s cash ISA currently pays 2.7% interest on your savings including a 1.7% bonus for 12 months, and you can open an account with £1 only.

Buy school clothes from supermarkets

Your school may recommend a particular stockist for the school uniform but it’s also worth having a look when you’re doing the food shop. Basic school uniform items like white shirts and grey trousers will be cheapest in the supermarkets

Pay your credit card off every month

If you have to use a credit card, don’t spend more than you can afford to pay off each month – otherwise you’ll end up paying heaps in charges. Make sure you’re always getting the best deals on your credit card too – often they offer a great deal at first and then they drop it, so don’t be afraid to switch cards every few months to take advantage of these introductory offers

Dry your clothes on the line

Tumble dryers use up loads of energy – and loads of money, too. When the weather is nice put your clothes on the line instead – and if you really want to save, you can buy racks to dry your clothes on inside the house as well. Just putting your clothes on the line during warmer months will save you £15.

Energy Saving

Make a habit of turning the lights off when you leave the room – and switch to energy-saving light bulbs too. It’s said that compact fluorescent bulbs use two-thirds less energy than standard incandescent light bulbs, and last up to 10 times longer. Using a 13-watt compact fluorescent in place of a 60-watt incandescent could mean a saving of £15 in energy costs over the life of the bulb