11 Best Ways to Save Money in 2023

Level up your financial game in 2023 and beyond! Explore our top tips for saving money and mastering your finances like a pro. Let’s embark on a winning adventure together!

Feeling the squeeze from rising bills and the aftermath of festivities, huh? Don’t sweat it, we’ve got your back! It’s time to take control of your spending and we’re here to guide you through it all.

We’ve handpicked 11 super easy ways to regain control of your finances this year. And guess what? Most of our top tips won’t even require major sacrifices or disruptions to your routine.

Whether you’re daydreaming about a luxurious summer escape or looking to cut down on household expenses, we’ve got a bunch of savvy strategies just for you. Let’s turn things around and make 2023 your year!

What’s in this Guide?

Master Your Finances with a Budget Planner

We totally get where you’re coming from when you question how a budget planner can actually solve your problems. It’s true that relying solely on a budget planner won’t magically make all your financial woes disappear. However, let me tell you, it can be a fantastic tool to get your spending in order and bring some organization to your financial life.

Now, you’re probably wondering, how exactly can a budgeting planner help you out?

Well, let’s face it, we’ve all been guilty of overspending on things we could easily do without. Those moments when you tap your card or use Apple Pay without even thinking twice, only to later realize you’ve lost track of where all your money went. That’s where a budget planner comes to the rescue! It helps you visualize your finances, keeping tabs on what’s coming in and what’s going out of your bank account. But here’s the real kicker, it breaks down your expenses, giving you a clear picture of exactly where your hard-earned cash is flowing.

Embrace a Money Saving Challenge

Look no further than a money-saving challenge! These challenges are not only fun and engaging but also provide a structured approach to help you achieve your savings goals. In this blog, we’ll explore some creative money-saving challenges and provide you with practical ideas to get started. You can also take a look at our other Simple Money-Saving Challenges to Try blog article.

1. The Spare Change Challenge:
Start by collecting all your spare change in a jar or designated container. Challenge yourself to deposit a certain amount every week or month into a separate savings account. You’ll be amazed at how quickly those small coins and bills can add up over time, making it an effortless way to boost your savings.

2. The No-Spend Challenge:
Take a break from unnecessary spending by embarking on a no-spend challenge. Set a specific duration, such as a week or a month, and commit to not spending money on non-essential items during that time. Get creative with finding free or low-cost alternatives for entertainment, cooking meals at home, and utilising what you already have. This challenge will not only save you money but also help you reassess your spending habits.

3. The 30-Day Meal Planning Challenge:
Food expenses can eat away at your budget, quite literally. Challenge yourself to plan and prepare meals at home for an entire month. Create a meal plan, make a grocery list, and stick to it. Not only will you save money by avoiding dining out or ordering takeout, but you’ll also enjoy the benefits of healthier eating and improved cooking skills.

4. The Subscription Audit Challenge:
Do you know how many subscriptions you’re currently paying for? Take on the subscription audit challenge. Evaluate all your subscriptions, ranging from streaming services to gym memberships, and determine if you’re fully utilizing them. Cancel any subscriptions that no longer bring you value or that you rarely use. Redirect those savings toward your financial goals.

5. The 52-Week Savings Challenge:
This classic challenge involves saving a progressively increasing amount each week for a year. Start by saving £1 in the first week, £2 in the second week, £3 in the third week, and so on. By the end of the year, you’ll have saved a substantial sum. Adjust the amounts to fit your budget and make it more manageable. Consider automating transfers to a separate savings account to stay consistent.

Freeze Food and Save Big on Grocery Bills

We’ve all experienced the frustration of overspending on our weekly grocery shopping, especially with the current economic situation. As bills and mortgage costs continue to rise, finding ways to cut back and save on our food expenses has become a top priority.

If you’re looking to stretch your food budget and make the most out of every penny, we’ve got a suggestion for you: embrace the power of your freezer. If you often find yourself throwing away food that has gone past its “use-by” date or wasting uneaten meals, it’s time to get a bit creative.

Using your freezer effectively can help you save money on your grocery shopping in several ways:

1. Buying in Bulk:
Purchasing certain items, like meat, vegetables, and bread, in bulk can be more cost-effective. Freeze the extras for future use, ensuring you never have to pay full price later on.

2. Yellow Sticker Foods:
Keep an eye out for discounted items at the supermarket and take advantage of good deals. Stock up on these items and freeze the excess, saving yourself from paying the regular price down the line.

3. Reducing Waste:
Freezing food allows you to store it for longer periods, reducing spoilage and waste. Say goodbye to throwing away unused portions and hello to a more sustainable approach to food consumption.

4. Meal Planning:
Take control of your meals by planning them in advance and freezing the necessary ingredients. This way, you can avoid impulse purchases at the store, saving money and sticking to your budget.

5. Batch Cooking:
Prepare larger quantities of meals and freeze individual portions. This not only saves money but also provides convenient options for work lunches or busy evenings when you don’t have time to cook from scratch.

If you’re unsure about which foods can be safely frozen, check the labels for guidance or do a quick Google search. You’ll be surprised to learn about the many surprising foods that can be successfully stored in the freezer! So, don’t let food go to waste and start maximizing the potential of your freezer to save both money and time.

Second-Hand Shopping: Discover Hidden Gems and Save Money

Let’s make 2023 the year we shatter the stigma surrounding second-hand shopping! Not only is purchasing used goods significantly more affordable than buying new, but it also has a positive impact on the environment. And let’s face it, global warming is a pressing issue we can’t ignore any longer.

Whether you’re in the market for used tech, toys, fashion, or homewares, opting for second-hand shopping means you’re giving a product a new lease on life, which reduces the demand for new items to be manufactured.

This approach not only helps lessen the environmental footprint of the production process but also minimizes the amount of waste that ends up in landfills.

If you’re passionate about promoting a sustainable lifestyle, embracing second-hand shopping is an excellent starting point. Charity shops or online marketplaces like Facebook Marketplace, eBay, and Gumtree offer fantastic platforms for buying and selling used goods, allowing you to participate in the circular economy.

Downshift Brands: Smart Ways to Save on Everyday Essentials

If you’re up for some serious savings, why not give downshifting brands a shot on your next shopping spree? It’s an easy peasy way to keep some extra cash in your wallet.

All you gotta do is go for the next brand level down on everything you buy. And if you can’t even tell the difference, stick with the cheaper option! It’s like a fun game to see if you’re paying more just for the name. Who wants to waste money on something that’s practically the same, right?

Check this out: Last year, we did an experiment and switched from fancy branded cola to the non-branded stuff, and boy, did we save some serious moolah! And hey, the same goes for clothes and shoes. If you want to get that rush of scoring a sweet deal without blowing your budget, hit up stores like Lidl, B&M Stores and Primark. You’ll be amazed at the money you can pocket!

Haggling Hacks: Slash Bills by Switching Broadband, Mobile, and Insurance Providers

When your broadband or mobile contract is about to expire, it’s important not to settle for the status quo. Take the initiative and explore your options to snag a better deal. Don’t assume you’re already getting the best offer out there. Switching providers can often lead to more affordable plans, especially since companies often offer enticing discounts for new customers.

Here’s a little secret: If you’ve been with the same company for years, they won’t want to lose you as a loyal customer. Use this to your advantage and try your hand at haggling. Negotiate your way to a cheaper deal that suits your needs. This tactic isn’t limited to just broadband and mobile contracts; it applies to home insurance, car insurance, and even travel insurance.

So, before you automatically renew any contract, take the time to shop around, haggle, and secure the best possible deals that will keep more money in your pocket. It’s all about being a smart consumer and making sure you’re getting the most bang for your buck.

Say Goodbye to Extra Costs: Avoid Convenience Stores and Express Supermarkets

Convenience comes at a cost, my friend! While your Tesco Express, Co-op, or neighbourhood corner shop may be super convenient, they tend to hike up the prices for that very reason. It’s oh-so-tempting to pop in for a quick purchase, but if you’re serious about cutting back and saving some cash, it’s time to rethink your shopping strategy.

Here’s the deal: Plan your shopping trips wisely and opt for more budget-friendly supermarkets or bargain stores. These hidden gems offer lower prices and great deals that can make a noticeable difference in your overall expenses. So, be smart and choose wisely when it comes to where you do your grocery shopping. Your wallet will thank you!

Score Big Savings: Shop Smart with Voucher Codes

Psst… here’s a little secret to keep your wallet happy: Shopping online with discount codes or vouchers is the ultimate money-saving hack! And guess what? Here at Savzz.co.uk, you can find a treasure trove of working codes for the majority of our beloved retailers, available all year round. We’ve got your back!

But wait, there’s more! Many of these codes come with a welcome bonus, like a sweet 20% off your first order. Talk about starting off on the right foot, huh? Oh, and don’t forget to sign up for our newsletter. You’ll get a weekly round-up of our absolute best and exclusive codes, so you never miss out on a fantastic deal.

So, why pay full price when you can shop smart and save some serious cash? Embrace the power of discount codes and vouchers for your online shopping adventures. Your bank account will thank you!

Sales: Are They Really Worth It? How to Navigate the Bargain Hunt

Oh, the temptations of seasonal and yearly sales! We’ve all been there, caught in the frenzy of discounted goodies that seem too good to pass up. But hold on a sec! Just because something is on sale doesn’t mean you absolutely have to buy it. Let’s take a moment to rethink our splurge-worthy decisions.

Here’s the deal: Before giving in to that irresistible sale item, ask yourself if you truly need or want it. Take a step back and consider if it aligns with your current priorities and budget. After all, we’ve just survived the spending spree of Christmas, and it’s important to weigh our choices carefully.

Save your hard-earned cash for special occasions like Mother’s Day, Father’s Day, or even Valentine’s Day. Trust us, sales come and go throughout the year, offering opportunities to snag great deals. So, be a savvy shopper and think twice before succumbing to the sale frenzy. Your future self will thank you for making mindful choices.

Dreaming of Holidays? Start Planning Your 2024 Getaways Now

If you’ve got your sights set on an epic summer getaway, it’s time to get the planning party started! The secret to snagging the best deals and keeping your wallet happy? Booking in advance, my friend!

By planning and booking early, you not only score the top-notch deals but also give yourself more time to save up for your dream holiday. Talk about a win-win! Don’t forget to check out the plethora of comparison sites out there, where you can compare prices and find the perfect package. Oh, and keep an eye out for those amazing early booking discounts that can make your trip even sweeter.

And hey, if you’re feeling extra adventurous and thinking ahead, you can now even start booking your holidays for 2024. How cool is that?

So, get your travel dreams in motion, dive into the world of early bookings, and secure your spot in paradise. It’s time to embark on the journey of a lifetime!

Shop Smarter: Save Money on Your Supermarket Bills

If you’re tired of feeling the pinch every time you hit the supermarket, worry not! We’re here to help you become a savvy shopper with these helpful tips to keep your spending in check:

1. Make a Shopping List:
Creating a shopping list is like having a roadmap for your grocery trip. Take inventory of what you need before you head to the store and stick to your list. This not only helps you avoid impulse purchases but also ensures you don’t forget any essentials. It’s a simple but effective way to stay on track with your budget.

2. Don’t Shop on an Empty Stomach:
Hunger can lead to irrational food choices and unnecessary splurges. Grab a quick snack or have a meal before venturing out to the supermarket. A satisfied stomach will help you make more rational decisions, sticking to what you actually need rather than giving in to cravings or tempting displays.

3. Collect Coupons:
Coupons are like little money-saving treasures waiting to be discovered. Keep an eye out for them in newspapers, online coupon websites, store apps, or even on social media. You’ll be surprised at how much you can save by simply clipping or digitally redeeming coupons at the checkout. Some stores also have loyalty programs that offer exclusive discounts and rewards.

4. Shop Around:
While your local supermarket might be convenient, exploring other options can lead to significant savings. Consider visiting budget-friendly stores like Lidl, Aldi, or discount supermarkets. Compare prices and quality to determine which stores offer the best value for your money. Don’t limit yourself to one store; diversify your shopping destinations and reap the benefits.

5. Write Meal Plans:
Meal planning is a smart strategy for saving both time and money. Take a few minutes each week to plan your meals, taking into account what ingredients you already have at home. By planning ahead, you’ll know exactly what to buy, reducing the chances of spontaneous purchases or wasted food. Plus, meal planning helps you make healthier choices and reduces the need for expensive takeout or dining out.

6. Buy in Bulk:
Consider purchasing certain non-perishable items in bulk. Items like rice, pasta, canned goods, and cleaning supplies often have better deals when bought in larger quantities. Just make sure you have sufficient storage space and that the items won’t go to waste before they are used.

7. Shop Seasonal and Local:
Opt for fruits and vegetables that are in season. Not only are they fresher and tastier, but they also tend to be more affordable. Additionally, consider supporting local farmers and markets. You can often find great deals on produce, dairy, and meat products while supporting your local community.

8. Use Store Loyalty Programs:
Many supermarkets offer loyalty programs that provide exclusive discounts, personalized offers, and reward points. Sign up for these programs to take advantage of additional savings. Some stores also offer digital coupons or apps that make it easier to track discounts and rewards.

By incorporating these additional tips into your shopping routine, you’ll become a true money-saving ninja at the supermarket. Happy shopping and enjoy the extra savings!