Top Money Saving Tips 2023

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 2023 , 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 2023

  1. 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 .

  2. 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.

  3. Switch Energy Supplier
    If you are an average electricity user, you could easily save around €800 in just one year by switching supplier.   See our  Electricity Price Comparison for more details of the cheapest and most expensive suppliers.

  4. Switch Broadband and Phone – Average users could save over  €300 in one year by switching landline and broadband. Read more here about the cheapest broadband deals. 

  5. 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.

  6. 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 €150 a year could be made – Read more  here about  Cheaper Banking in Ireland

  7. Online Shopping Discounts :  Check our page of discount codes and special offers .

  8. Some great tips from N26 bank on how to cut your spending on Groceries

  9. Cut the cost of your TV package – check the best deals from  Virgin and Sky

  10. 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.

  11. 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

  12. 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

  13.  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.
  14. If you telephone people in the UK a lot – find out which landline companies give you FREE UK calls.

  15.  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  –
    money saving tips 2018

  16. 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 Abroad
  17. 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  1.3% – that isn’t great but it’s a lot better than nothing.

  18. Don’t use expensive moneylenders if you are struggling on a low income. Check out the lowest 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

  19. If you do need to call Directory Enquiries – make sure you avoid the most expensive ones. See details of Directory Enquiry Charges here.
  20. Get cheaper home insurance. In our latest comparison, we found that the lowest quotes could be half the price of the most expensive house insurance. See our Home Insurance Comparison here.

For regular tips –  keep up to date with MoneyguideIreland on Facebook