I’m a money expert and you could still save £600 this summer with a few small tweaks – and you’ll hardly notice it

LIKE it or not, summer is almost over, which means most of us will soon be facing escalating bills this fall.

But fear not Dan Whittaker, CashLady.com’s personal finance expert, has unveiled five savings tips that should help Brits save nearly £600 this summer to use on expensive bills.

A finance expert has revealed how you can save hundreds of euros this summer


A finance expert has revealed how you can save hundreds of euros this summerPhoto credit: Getty

Though summer can be an expensive time with social plans at their peak, there are certain ways frugal savers can take advantage of the warm weather.

Dan says, “Summer can be an ideal time to save a little money.

“In general, the heating doesn’t need to be on, free outdoor activities are easier to do, and many of us take time off work, which can reduce commuting costs.

“However, it’s also a time when we usually socialize more often and maybe even try to squeeze in a holiday if possible.

“With the ongoing cost of living crisis and colder weather a few months away, there are some steps you can take now to build a small savings pot in preparation for fall.”

1. Take control of your finances now

“Use the longer days in summer to be more productive and plan ahead. Do a financial audit to see what you can spend and where you can save, and look at which of your accounts aren’t offering much value.”

“Do your research to find better interest rates on savings accounts and consider switching checking accounts. Some banks will pay up to £150 (source: Halifax) if you move your account to them, which is a tidy sum to start your autumn savings fund.”

Possible savings: £150

2. Keep the kids less entertained

“The summer holidays can take a toll on your finances if you don’t get organized. Start with the obvious by getting outside, visiting many parks, and picnicking wherever you go.”

“Look for cheaper childcare; Local sports groups are often cheaper than school supplies and ask friends and family if you can help each other with childcare one day a week.

If you fancy a treat, many restaurants offer “Kids Eat Free” deals, and companies offer coupons such as “2 for 1” or “Kids Admission Free when accompanied by a paying adult” for big attractions that let you enjoy a small one can save wealth. Never do anything without a discount voucher!”

Possible savings: £104

3. Find cheaper ways to vacation or have fun

“When the weather is good for us there is a lot we can do in Britain to save ourselves the socializing. Invite friends over for a BBQ and BYOB, look for free local events and festivals like parties in the park or summer fetes, or go for a long walk with friends at night.”

“Staycations continue to be popular, and with good reason. You can find great places to stay at a fraction of the cost of a package tour on sites like Airbnb or Canopy & Stars. You could even go camping if you want a break on a tight budget.”

Possible savings: £100

4. Earn extra money

“If you have the capacity – for example, if you’re a student, teacher or shift worker – you could take a summer job to earn some extra money. Royal Mail are looking for cover staff to fill in for staff on holiday and many retail outlets have temporary part-time vacancies while staff studying at university go home for the holidays.”

“Many local festivals and pop-up events also require staff to cover the stands, and sporting or music events often hire agency staff for added security. If you’re qualified and CBS verified, you can even volunteer at a kids’ club for a week or two.”

Possible savings: £152 per week

5. Make some lifestyle changes

“Summer usually means wearing fewer clothes, so you don’t have to use the washing machine as often. When you wash the clothes, let them dry outside instead of using a dryer.”

“Cooking outside can also save money by using grills and eating salads that don’t need to be cooked at all. Get out of the gym and recoup the cost of your membership and instead go for a regular jog or exercise in the backyard while the weather is warmer and drier than normal.”

“Cancel or rotate your TV subscriptions; With all the outdoor activities at your disposal, you shouldn’t have to watch TV that much in the summer.”

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“Finally, consider walking or cycling to work, or at least walking to the nearest station where the fare might be cheaper. Not having to refuel would be a huge saving, as would paying less for trams or trains. The health benefits would also be a bonus, so you could definitely skip the gym.”

Possible savings: £88

Total savings: £594.

https://www.the-sun.com/lifestyle/5942905/money-expert-save-600-summer/ I’m a money expert and you could still save £600 this summer with a few small tweaks – and you’ll hardly notice it

Jessica MacLeish

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