In 2013 many households have already seen their disposable income falling - with cuts to child benefit and increases to PRSI and motor tax.
With the new Property Tax starting in July and Water Charges on the way in 2014 – it is not going to get much better . See Property Tax Rates
Spring is on the way (we hope) and it might be a good time to take another look at how we can all try and spring clean our finances and cut some of those bills.
Here are our top Money Saving Tips for 2103 : -
Switch Home Phone and Broadband
You could save as much as €300 a year by switching your landline and broadband from Eircom to Sky see more here about the cheapest phone and broadband
Switch Your Current Account :
Many people in Ireland are still paying fees to their banks for operating a current account. Bank fees are easily avoidable – just switch your account to a bank that doesn’t charge transaction fees or doesn’t make you jump through hoops to avoid them. Some BOI customers could easily save €200 euros a year in bank charges by switching to a fee free bank . See more about Current Account Fees
Switch Electricity Supplier
If you are still on the old ESB rates you could easily save around €90 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 €150 a year if you switch to Flogas for your natural mains gas supply. See Gas Prices Compared
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 .
Switch Car Insurance – a recent survey found that quotes could differ by as much as €379 a year – see details here .
Switch Mobile Phone Network - see out latest article on the cheapest Pay as you Go deals. You could potentially save hundreds of euros a year by switching to 48months with unlimited calls and texts to any network for €20 a month.
Buy Fuel Efficient Tyres – When buying new tyres for your car – make sure you check out the new fuel efficiency labels and buy tyres that will save on petrol. See more here about Tyre Labels
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 3% . On a balance of €20,000 – that would be an increase in interest of about €400 a year (after DIRT )
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
Get cash for your old Mobile Phones.
You might be pleasantly surprised at the amount your old unused phone is worth. See our page about cash for old phones here. It might not be a lot – but every little helps !
Don’t waste all your time on 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 Moneyguide Ireland on Facebook