We’re experts in saving money – simple ways to make your money work so you can work less and still get what you want

IF you thought the only way to make more money was to put in more hours of work, then you better think again.

According to experts, you can accumulate more savings by working less and you can still afford these little luxuries in life.

2

Makala Green, finance expert, shared her advice to help you optimize your money

“Managing your money goes far beyond just waiting for your check to clear every month. There are small changes you can make in your life that can make big changes,” said Julian House, My Favorite Voucher Codes discount experts.

Some of these changes can be made at home, which can make your money grow.

But others let you use your time on the clock, which means you earn more for every penny of work you earn.

How to make your money go further from home

Earn cashback and rewards when you spend

The cost of shopping has increased dramatically, and we cannot avoid it. But we can be rewarded for our spending.

“Getting cash back is a great way to reduce the extra financial burden,” said finance expert Makala Green.

“The average family can save between £2,500 and £5,000 a year with cash back or a rewards card.”

Check cash back or reward credit cards to make sure you’re getting your money’s worth when you spend.

Compare the prices

Be sure to compare prices across the web when shopping to ensure you get the best deal available, advise the discount experts at www.myfavouritevouchercodes.co.uk.

“Websites like My Favorite Voucher Codes make it really easy to find the best discounts,” they said.

Jo Thornhill, money expert at MoneySuperMarket, agrees and says, “Shopping is a great way to save”, especially on your car, van or home insurance.

“If you can afford to pay upfront for an annual policy, you could save money compared to paying monthly,” she added.

Invest

“Investing has become so much easier to access and to get a better potential return on your money in the long run without overcompensating your time,” said Makala, author of The Money Edit.

“You can invest as little as £1 and your growth potential can benefit.”

The idea of ​​investing is to watch your money grow through compound interest.

But Makala warns that investing involves risk, which means you can lose capital. So always seek financial advice if necessary.

Rent your space

If you have a spare room in your home or are going on vacation, maybe consider renting the space out for cash.

“Renting a storage space or a spare room is becoming more and more common and is an easy way to earn more money in a short time,” Makala said.

“You can expect to receive on average about 50% of what storage companies receive and lucrative rental income from renting out a room.”

Companies like AirBnb have made this easier to do – and the money earned can be used for your own mortgage or rent.

Traveling at undesirable times

It sounds trivial, but altering your journey by as little as 15 minutes can drastically change the price of your trip.

“If you’re able to plan ahead and it doesn’t cause you major inconvenience, actively choosing to travel at times that would be considered undesirable can result in significantly cheaper tickets,” they said. said reduction experts.

Earn more by working, without working more

Charge devices while working

Most of us are guilty of charging our phones overnight. On average, it costs just under £5 more on your energy bill, Penny O’Brian – MoneyTransfers’ financial adviser told Fabulous.

Instead, she suggests saving that money and charging your phone at work instead.

“Not only will it save your electricity bill, but from a business perspective, what better way to avoid distractions than to keep your phone charging while you work,” she said. declared.

Bring a packed lunch

The average lunch costs £5 a day, which can result in up to £1,200 a year being spent – that’s a lot of money we could save.

Instead, Penny suggests picking up a packed lunch at work instead.

“Not only can it save you a lot of money, but it gives you the ability to eat tastier, healthier lunches than you normally would,” she said.

“To really see the money you’re saving, you can transfer the £5 a day to a high-interest savings account, which will increase your savings even further.”

Ask for a raise

The most ideal way to make more money is to get a raise, but one in ten workers say they feel nervous asking for one, Penny said.

“If you feel like you’ve worked hard, you really deserve a raise, so arrange a meeting with your managers,” Penny said.

But avoid simply saying “I need more money” and instead focus on providing valid points as to why you deserve a raise.

Apply for a tax reduction

Few people realize the tax relief they are entitled to, Penny said.

I'm plump and this is my simple underwear trick to fake an hourglass look
Love Island fans say the same after revealing how the cast was cast

“If you worked from home during the pandemic, you can apply for tax relief to cover the additional costs incurred,” she said.

This could cover expenses like heat, energy, and broadband, and while you might not see that money every week, a big payout at tax time is something to look forward to.

You don't need to work harder to earn more money

2

You don’t need to work harder to earn more moneyCredit: Getty

About Kristina McManus

Check Also

“Postpone the rescue of democracy because your video team is overwhelmed?” (Video)

Stephen Colbert was not very happy to learn that the January 6 committee hearing scheduled …