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Money saving suggestions: Save greater than £1,000 a 12 months with six cost-cutting suggestions | Personal Finance | Finance


Energy bills have increased by 54 percent since April, with many families forced to dip into their savings to make ends meet. Insurance provider SO-SURE has put together six tricks to help people reduce their spending, including one tip which alone could save people greater than £1,000 a 12 months.

Get huge savings on supermarket shops with downshifting

This easy tip could provide major savings and reduce a grocery bill by a whole bunch and even by £1,000 a 12 months or more.

Many individuals have their favourite brands relating to staple foods similar to teabags, cereals and sauces.

By ‘downshifting’ to cheaper options a family can save 30 percent on grocery bills, in keeping with Martin Lewis, the founding father of MoneySavingExpert.com.

Consumers could also be surprised that a supermarket brand tastes very much like their preferred premium brand.

READ MORE: Lidl increases wages for staff from next week

Watch out with bargains

Tempting deals may not actually prevent money, similar to Buy One Get One Free offers at supermarkets.

These could seem to supply good discounts but a consumer may find yourself overspending and buying products they don’t need.

Shoppers searching for a bargain can have more reliable savings by utilizing vouchers and checking the reduced section.

Most supermarkets have loyalty schemes that reward regular customers with coupons or vouchers.

Shop online in private

Using the incognito mode when shopping online will help lower your expenses, as this stops the device from storing the browsing history and cookies and site data.

Industries similar to travel corporations use cookie and tracking data to search out out which web sites an individual has visited.

They then use this data to extend their prices for flights and other products, as they know the user is fascinated by them.

Shopping using private browsers or incognito mode means an individual has no online history and so that they appear as a latest visitor and will get lower prices.

Arrange auto switching

Auto-switching is a straightforward method to keep costs low when managing household bills, from gas to insurance.

Energy costs could also be hitting record levels but auto-switching will help consumers make sure that they’re on the bottom rate.

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