After several years of austerity budgets – many households in Ireland have seen their disposable income fall and bills rise. With the Property Tax and the new Water Charges – it is not going to get much better in 2015. Hopefully we can help you reduce some of your bills with the following tips.
Here are some of our top Money Saving Tips
Switch Electricity Supplier
If you are are an average user still on the old “ESB” standard rates you could easily save around €230 a year by switching supplier . You could save money by just paying by Direct Debit and opting for electronic billing. See our Electricity Price Comparison
Switch Gas Supplier
If you are still with Bord Gais for gas – you could easily save over €120 a year if you switch to Flogas or Energia for your natural mains gas supply. See Gas Prices Compared
Look out for discount codes and promotional vouchers for online shopping – See some of the latest Discount Codes here.
Get Cheaper Home Insurance : When your house insurance comes up for renewal – don’t just stay with the same insurer – shop around . Our most recent Home Insurance Comparison showed that savings of about €200 a year could be made . Bank of Ireland are currently guaranteeing to beat your renewal quote by €50
Switch Home Phone and Broadband
You could save as much as €300 a year by switching your landline and broadband – see more here about the cheapest phone and broadband
Switch Your Current Account :
It is difficult to avoid paying fees to banks for operating your current account. There are still some ways to avoid or reduce those fees . In our example we found that savings of as much as €140 a year could be made – read more here How to get Free Banking in Ireland
0% Interest Credit Cards
If you have a credit card balance that you are finding hard to pay off – you could try and transfer the balance to a credit card with a 0% Interest introductory offer. On a balance of €1000 – going interest free for 10 months could save you as much as €80 in interest charges. See our list of Interest Free Credit Card Offers
Reduce Mobile Phone Charges : Move to a cheaper plan with a new network or choose a lower priced option with your current network. Heavy phone users could cut their annual spend by hundreds of euro . See our article on the Cheapest Pay as you Go deals.
Switch Car Insurance – a recent survey found that quotes could differ by as much as €379 a year for the same person – see details here .
Currency Exchange - if you are exchanging large sums of currency don’t use your own bank to do it for you – you will get a better rate from a currency broker. On a transaction of 20,000 euro you could typically save €200 See our page about getting the best exchange rates
Switch Your Savings Account.
If you have savings you should check if you are getting the best interest rate. See our regularly updated list of the Best Interest Rates Here. Some deposit accounts are paying rates as low as 0.01% – but you could get a rate as high as 2% . On a balance of €20,000 – that would be an increase in interest of about €200 a year (after DIRT )
Reduce Fuel bills- by increasing insulation in your home or getting a more efficient boiler. There are grants available of upto €4360 . See More Here
Get cash for your old Mobile Phone
You might be surprised at how much your old unused phone is worth. See our page about cash for phones here. It might not be a lot – but every little helps !
Don’t waste all your time online checking Facebook – you could try and make a few Euros instead from online market research surveys . Register here for Online Surveys
For regular tips – keep up to date with MoneyguideIreland on Facebook