6 ways to save over £1,000

16 March 2020, 11:05

Save money
Picture: Getty

Here, we present you a few handy tips on how you could save over £1,000 in 2020.

  1. Simple Savings

    via GIPHY

    Annual saving: £200

    Saving just a small amount of money each week can have a big impact at the end of the year.

    One of the easiest ways to do this is, every time you receive, say, a £2 coin in your change, put it away somewhere safe.

    You won’t notice £2 missing from your wallet once or twice a week but will be amazed how quickly those £2’s add up to become something much more significant!

    By saving just two £2 coins each week, you’ll have an extra £200 stashed away!

  2. Tweak your Tarrif

    Annual saving: £333*

    Are you, like most people, paying too much for your energy?

    Hey, we get it! It’s complicated and time consuming hunting down a better deal, and don’t even get me started on the switching process. WRONG!

    With Bounce’s auto-switch solution, you simply give them a few details and they do all the hard work for you, switching you onto the best deal in minutes and making sure you never pay too much for your gas and electricity ever again. 

  3. Reject the Renewal

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    Annual saving: £100

    Each year, the insurance renewals come through for home, motor, health and whatever else.

    We barely read them, nor do we notice the price increase added on by our insurers.

    Most people won’t even question this but, a simple phone call to your insurer to negotiate the price can lead to cheaper insurance and savings of 5-10% on your renewal.

  4. Pick up your Points

    Annual saving: £200

    It’s now so easy to collect loyalty points when you shop.

    Most major stores offer rewards for frequent shoppers and exclusive money-off discounts.

    Even better, make sure you have a credit card which rewards you for spending with additional loyalty points at your chosen store.

    You’ll be amazed how quickly the points add up and you can earn-back on major purchases such as holidays etc.

  5. Don't Waste on Water

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    Annual saving: £135 (after bottle purchase)

    Have you seen how much a bottle of water costs these days! How DO they get away with charging so much for such a simple commodity?

    Stop pouring your money down your throat and invest in a reusable water bottle.

    For about £15, you can bag yourself a stylish, refillable bottle (Chilly’s are nice) and ditch the expensive shop-bought bottles.

  6. Meat-Free Mondays

    Annual saving: £100

    Do your bit for the planet, as well as your wallet.

    By cutting out meat on just one day each week, you can improve your health and your bank balance.

    Saving just £2 each week on that bit of chicken or steak can rack up and you will barely even notice the difference... until you realise just how much it’s saving you!


*Based on average savings per user where a switch is expected. SwitchWithBounce.com January 2020.