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Mum gives tips on how to save £912 by canceling three bills

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The cost of living crisis is expected to hit thousands of UK homes as energy prices soar. One finance blogger has now offered her tips for saving money on costly bills. Lynn Beattie runs the Mrs Mummypenny blog and is adept at slashing household expenses.

She spoke to the Mirror about her top tips for getting the best deals. Lynn also shared how she managed to save £912 simply by canceling three outgoings. She has given her tricks so that Brits can replicate the savings.

Her living arrangements for bill comparison purposes are that she lives in a four-bed semi-detached house. She is also a single mother to three children. They stay with her 50 percent of the time.

READ MORE: Cost of living: Energy company websites crash as people scramble to submit meter readings



You could save some serious cash
You could save some serious cash

Cancel non-essential bills – £912

Lynn described how simply canceling three bills save her almost a thousand pounds a year. She explained: “In the past few months, I have canceled Amazon Prime (£7.99), Disney+ (£7.99), bi-weekly Mindful Chef recipe boxes (£60 per month). Just these three cancellations saved me £76 per month , or £912 per year.”

She added: “It really is worth being strict and canceling what you do not need.”

Shop around for essential bills – save £100s

Lynn described how she currently pays £165 per month with Octopus Energy. Due to the cost of living and increase in energy prices, this is has risen from £102 per month. She advised: “Check to see if you are in credit on your energy bill, if so you have a case to get your monthly direct debit reduced.”

Water

Mrs Mummypenny currently spend £28 per month on water as a direct debit. She suggests using a water meter to ensure you are only paying for the water you use. Lynn said: “We do as much as possible to save water, as I mentioned in my article from earlier this year.

“There are simple things you can do to lower your water bill, such as shortening your shower time and seeing if you can apply for free energy-saving gadgets.”

council tax

Living in a band D property in Hertfordshire, combined with a 25% monkey person’s discount means that Lynn pays £156 per month for council tax. This price is for ten months of the year. She suggested checking out The Mirror’s council tax guide for reductions and discounts for which you could be eligible.

Broadband and TV

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Lynn said she currently uses Virgin and basic broadband, costing just £25 per month. However, she advised that it’s good to shop around for the best deal, swapping every year or so to get extra benefits. She said: “I switch my broadband every 12 to 18 months contract dependent to benefit from better new customer deals and extra cash back benefits.

“Switching from EE to Virgin broadband recently netted me an extra £105 cashback via TopCashback and saved me £30 per month,” she continued. “I do not have any TV packages connected to my broadband account, although I do have a Netflix account costing £9.99 per month.”

mobile phone

Because Lynn owns an older phone model with a finished contract, she could move to a sim-only contract which can save money. She explained: “This saved me a huge £30 per month, I currently pay £18 per month. There is currently a good deal for a 30GB Sim only contract with Three network for £8 per month via TopCashback where you get £42 cashback as well.”

Car insurance and home insurance

By paying her home insurance annually in full, Lynn said you could avoid extra charges for paying monthly, if you are able to do so. For home insurance, Mrs Mummypenny said: “My home insurance is compared and switched every year, although this year my renewal was the best value for money. My policy is £130 per year.”

In terms of car insurance, she stressed the importance of shopping around. She said: “I have moved my car insurance to pay as you go insurance with By Miles. This will save you money if you are a low milage driver, driving less than 8,000 miles per year.”

She added: “I have paid a smaller upfront amount of £160 per year (I drive a four-year-old Toyota Hybrid CHR), then pay 3.1p for every mile driven. Using pay as you go car insurance saves me around £ 50 to £100 over the course of a year.”

Life insurance and income protection insurance

Finally, Lynn shared the insurance policies that she believes are ones she would never cancel as they are too important. She said that life insurance and income protection insurance: “offer me protection of my income if I am ill and cannot work or insurance that will pay off my mortgage if I die.”

She continued: “These insurances provide me with reinsurance and protection, and I would not cancel them. These insurances cost £50 per month. My total essential bills per month are around £500 per month.”

Do you think you would be able to implement any of Mrs Mummypenny’s financial tips? Let us know in the comments.

Got a story you think we should write? get in touch beth.gulliver@reachplc.com

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