Cutting down on everyday overspending is a marathon, not a sprint. It’s not about making occasional big, one-off savings. Instead, you’ll get better, more reliable results simply by chipping away at your day-to-day expenses consistently over time.
Take your daily cup of coffee, for instance – and yes, we know we’re on dangerous ground by asking you to cut back on that essential caffeine hit. The thing is, you don’t even need to cut back your tea or coffee intake to make savings. Just consider whether you could bring in your own from home in an inexpensive flask. That way, when you feel your energy levels flagging at work, you’ve got the solution on-hand instead of having to trek to the local cafe to top off your tank. Those store-bought coffees might not seem like a huge drain on your wallet at maybe £3 a pop, but a couple of those a day will run you £30 per week. That’s up to £120 a month you could save, simply by making one tiny change to your daily routine.
If you’re serious about saving money and developing better financial habits, take a look at our other guide, “4 Fixed Income Saving Strategies - Combine to Win!” That’s where you’ll find some of the very best budgeting tricks, like following the 50/30/20 rule and making “zero-based” budgets. In the meantime, keep checking back here for more money tips and updates. We’re experts at saving you cash and we’re always here to help. That’s the reason why you’re better off with RIFT.
Saving strategies for fixed incomes