Here at Money Guide Ireland, we always have some useful tips on how to cut your bills and save money.
These money saving tips are probably even more relevant now in the current pandemic crisis. Many households will have less income and will need to try and cut expenditure now more than ever.
By following just some of these money-saving tips in 2021 , an average household could easily cut their bills by at least €1000 in just one year.
Most,of these savings can be done online from the comfort of your own home.
Here are our Top Money-Saving Tips for 2021
- Switch Energy Supplier
If you are an average electricity and gas user, still on the old “ESB” and Bord Gais standard rates you could easily save around €400 in just one year by switching supplier. See our Energy Price Comparison
- Switch Broadband and Phone – Average users could save around €400 in one year by switching landline and broadband – see more here about the cheapest broadband deals.
- Students – sign up for 6 month FREE trial of Amazon Prime and get free 2 day delivery to Ireland plus access to hundreds of free videos.
- Switch Your Current Account: – Most banks now charge you for having a current account with them. There are still some ways to reduce or even avoid these bank charges. In our example, we found that savings of as much as €160 a year could be made – read more here Free Banking in Ireland
- Online Shopping Discounts : Check our page of discount codes and special offers here.
- Cut the cost of your TV package – check the best deals from Virgin and Sky
- Get an online bank account with N26 . They have NO current account fees, no fees on debit card spending inside or outside the Eurozone. Great for online shopping .
- Zero Percent 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. See our list of Interest Free Credit Card Offers
- Share Dealing – If you are thinking of investing in shares you could save hundreds of euros in fees by using the cheapest stockbrokers. See our Share Trading Price Comparison here.
- Lower Your Mobile Phone Bills : Move to a cheaper mobile plan with a new network or choose a lower-priced option with your current network. Heavy phone users could easily cut their annual mobile spend by around €250 . See our article on the Cheapest SIM only Billpay Deals
- Switch your Mortgage: Many lenders are offering cashback of up to 3% if you switch your mortgage. Savings of several thousand Euro are possible, especially with the cashback offers. See the best mortgage rates here
- Claim all the government grants you can get: – there are grants worth thousands of Euro available for insulation. More details on Grants Here.
- If you telephone people in the UK a lot – find out which landline companies give you FREE UK calls.
- Track your Spending : If you don’t know exactly where your money is going every month, it’s hard to see how you can spend less. By tracking your spending –
- 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 specialist currency exchange company. On a transaction of 20,000 euro, you could typically save €200 to €400 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 Savings Interest Rates Here. Some deposit accounts are paying rates as low as 0.01% – but you could get rates of up to 1.5% – that isn’t great but it’s a lot better than nothing.
- Don’t use expensive moneylenders if you are struggling on a low income. Check out the bank loan rates here . If you can’t borrow from a bank you should look into the low interest “It Makes Sense” loan ” from a Credit Union. Details Here
- If you do need to call Directory Enquiries – make sure you avoid the most expensive ones. See details of Directory Enquiry Charges here
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