Thursday 18 March 2021

Keeping up the Saving Post-Covid


If you’ve been fortunate to cut back on your spending during the coronavirus pandemic, you’re probably enjoying the extra savings you’ve been able to build up. But what happens when the world opens up a bit more and those daily expenses start creeping up again? 

Well, the good news is, with some adjustments, you can keep saving and make it a permanent habit. Take a look at some of the following ideas to keep up the savings post-COVID. 

Keep your food shop down

Your weekly food shop is one of your biggest expenses. Has it increased or decreased in lockdown? Having all the children at home made mine sky rocket! Not only did we spend more, but we treated ourselves to take-aways more often too over the lockdowns. Fortunately, there are plenty of ways you can cut your food shop. Eating healthier, planned meals will make it much easier to prevent food waste and make sure you only buy what you need. 

Many people have switched to shopping online during the pandemic, which can be a great way to save money by sticking to a budget.

Cut down on your expenses

Are there things you could cut back on each month? While your gym membership might be on pause for now, could it be something you go without permanently? Home workouts are very effective, and a great way to save some money as is outdoor running and wild swimming, both of which have seen many new converts over the past months.

You can also look through all of your existing bills to see if you can make some savings. Could you cut your TV or broadband bill? What about your mobile phone? SIM only deals are cheaper and offer plenty of data, helping you save a lot of money each month. Over the course of a year, you could find yourself with some significant savings as a result of your cuts. 

Soak up the outdoors

Lockdowns have brought some big changes to how we spend time together. Nights in have had to get more creative, while days out have been a lot more focused on being active outdoors instead of going places. Knowing what you know now, would you keep up these types of activities in the future? Being able to soak up the outdoors, go for bike rides and walks and make more of your local area can help you keep costs down while keeping your family active too!

Reduce your energy costs

Reducing your energy costs is another way to keep up your savings. While you might not be at home as much, saving on heating and other costs, you can still make some savings while you are at home. Unplugging devices, turning the heating down a few degrees and using smart lighting are all great ways to keep your costs down. Looking after the environment as a family can be rewarding and educational for you all, helping you save the planet as well as save some money.

While there is sure to be some initial excitement once the shops reopen and going out for meals becomes normal again, there are still things you can do to control your spending and grow your savings. Track your progress over the coming year - you could be surprised at how much you save!

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