I consider myself a savvy shopper, I always look for new ways of saving money and looking after our hard-earned money. I believe saving money is a skill, so anyone can learn new tricks and better ways of spending their money wisely.
A few weeks ago, Mrs Moneypenny, one of the nation’s best known money saving experts, visited us for a quick chat regarding money saving tips, arranged by TalkTalk. Mrs Moneypenny started her career as an investment banker, and has an MBA from the London Business School and a PhD from the University of Hong Kong.
Most recently she has presented 6 series of the Channel 4 show ‘Superscrimpers’ and is the author of 6 books, the latest of which is called ‘Mrs Moneypenny’s Financial Advice for Independent Women’, which I’m reading at the moment and it is full of great money saving tips!
We explained to Mrs Moneypenny that we already stretch our money as much as we can, and we even have a list of our Top 30 Money Saving Tips, which includes simple tips such as writing down a shopping list before leaving home to avoid unnecessary buys, stocking up on cupboard essentials when they are on special offer, making the most of reward system at supermarkets and checking comparison websites before renewing car and home insurance.
We thought we were doing everything we could to save money, but Mrs Moneypenny mentioned that we could save even more if we spent a little time each week on it. Her advice was the following:
“A simple rule is that you need to invest at least an hour a week in looking after your money.”
No matter what you are trying to achieve financially, whether you are after cheaper electricity or gas, broadband and telephone, change your car, move to a bigger house, or even a holiday, you need to understand that it takes time to save money.
You will need to do your background research, look for different options and decide which one is the best for your needs. It will take time to achieve your goals, but the hour invested in looking after your money, will be worth it.
What are your best money saving tips?
I was under no obligation to write this post, I just wanted to share our experience. The opinions expressed in this post are honest and our own.