Here at Money Guide Ireland, we always have some useful tips on how to cut your bills and save money.
By following just a few of these top money-saving tips in 2022 , an average household could easily cut their bills by at least €1000 in just one year. Following a few of the tips could save you €10000 or more over 3 years.
Most of these savings can be done online from the comfort of your own home.
Here are our Top Money Saving Tips for 2022
- Switch your Mortgage: Many lenders are offering lower rates and some are giving cashback if you switch your mortgage. Savings of several thousand Euro in just 3 years are possible, even without the cashback offers. See some examples of Mortgage Switching Savings Here .
- Stocks and Shares – If you are thinking of investing in shares you could save hundreds of euros in fees by avoiding the most expensive stockbrokers. See our Share Trading Price Comparison here.
- Switch Energy Supplier
If you are an average electricity and gas user, you could easily save over €300 in just one year by switching supplier. Savings of around €600 in one year are possible if you are with one of the more expensive suppliers See our Energy Price Comparison for more details.
- Switch Broadband and Phone – Average users could save around €400 in one year by switching landline and broadband. Read more here about the cheapest broadband deals.
- Students – can sign up for a 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 about Free Banking in Ireland
- Online Shopping Discounts : Check our page of discount codes and special offers .
- Some great tips from N26 bank on how to cut your spending on Groceries
- 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
- 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
- Claim all the government grants you can get: – there are grants worth thousands of Euro available for heat pumps , solar energy and 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 transferring large sums of money to another country, 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 Sending Money Internationally
- 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% – 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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