Get smart about saving

Richard Lishman considers how you could help reduce your outgoings.

You may have heard the proverb ‘Look after the pennies and the pounds will look after themselves’, but is this something that you have applied to both your business and your personal life?

It’s easy to become complacent about your monthly outgoings, but by exploring different options and thinking smart about saving, you’ll be surprised at how much you could save and what this money could mean for you.

Perhaps one of the biggest mistakes that people commonly make is not shopping around when it comes to their energy bills. According to one source, an estimated 43 per cent of British people don’t explore the available alternatives when it comes to their energy suppliers, meaning that millions are missing out on some significant savings in both the short- and long-term.

The reasoning behind this figure is simple – a lot of people take the approach that ‘if it ain’t broke, don’t fix it’. However, that means that they miss out on some interesting offers that can supply them with the exact same amount of energy but with a much smaller price tag. This doesn’t just apply to gas, electric and water either – switching bank accounts can also bring the same benefits, especially if you’re savvy and keep an eye on what’s out there.