Five golden rules for saving on everything

Simple hacks to cut your costs

The 5 Golden Rules for Saving on Everything

There are lots of high-tech ways to save money, from shopping apps to coupons but there are also old fashioned ways to save that leave those things in the digital dust.

Here are some strategies that you can use to help yourself save some major money on everything you ever buy.

1. Buy used

Why buy new what you can buy used? From clothes to cars buying used can save you 20 - 90% off the original price. Sites like eBay and Amazon are perfect for those looking to make the most of the second hand market and you can even earn a little extra cash yourself if you have things you want to flog too.

2. Bulk buy

If you're worried about buying in big quantities why not team up with a friend or family member and split the cost and the goods. There are plenty of household items that you can buy in bulk because they'll always be needed such as toilet roll, toothpaste and washing up liquid.

3. Make a list

When you're heading to the shops, make a list of all the items you know you need. Then when you get there make sure tempting store displays don't suck you in. If you stick to your list then you won't end up with any surprise purchases that might lighten your wallet.

4. Buy generic

Food, cleaning supplies, medicine - paying for a named brand can easily double the cost of your purchase, so unless it's worth it or it really makes a difference in terms of quality, don't do it!

5. Negotiate

This may not apply in all shopping environments but there are plenty of situations where you could save yourself money. Most large British supermarkets now offer a price match or brand guarantee, save yourself money by checking out where the cheapest products are before you go shopping.
Sometimes the best way to a lower price is to simply ask!

The golden rule is to always remember to use your mind before your money, think before you make any significant purchases!

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