How You Can Save More Money On Your Outgoings Today

We may have all said it at one point in our lives, but having outgoings leave our accounts every month can leave us a little disheartened. Especially if we don’t have much disposable income after everything has been paid.

Perhaps you are looking to save some money or just wanting to increase the amount of money you have left. By taking a look at your outgoings, you may be able to do just that. So I thought I would share with you some of the ways you can do that.


Have a plan

Sometimes just by taking charge of the situation you can feel much better and brighter about things. So having a plan is a great place to start. Know in your mind what you want to achieve and then write a plan about how you are going to do it. It might be a family vacation or just savings towards something.

Knowing your goal will motivate you to make the changes necessary to achieve it. Remind yourself of it, even put a reminder somewhere you will see each day. It would also be a good idea to check out websites like They offer advice on what to do with your money and make it work harder for you.


Take a closer look at your outgoings

Your first initial step for change would be to take a closer look at your outgoings. Exactly what leaves your account each month? Some people will have direct debits leaving their account for things they no longer need. Which is why it’s good practice to check these things regularly. Cancelling direct debits can be done with your bank; you may also need to put in a call to the place they go to.

Most of the time you might not even realise you are still paying for things you don’t use or no longer need. This could save you quite a bit over a month. Also, look at your current bills and check out if you can get them cheaper elsewhere. You will be surprised what some companies can offer new customers, and the savings will all add up.


Consolidate debts for cheaper payments

Another thing that could help save you money would be to consolidate debts. Websites like have some great information. Paying high interest on numerous amounts isn’t the best financial decision to make.

Having one monthly payment and one interest charge will save you money overall. You can then focus on reducing this debt down as quick as possible to rid you of the monthly amount. This could help save you a lot of money in the long run that would be ideal to be invested to make you money, rather than spend it.

calculator with coins and a pencil



Sacrifice some of the luxuries you don’t need

Buying a take out coffee each morning, or paying for lunch each day can all mount up. So instead make clever choices and take your coffee in a travel mug from home or pack up a lunch for work.

The money you can save just by making little changes will soon add up in the long run. Take a look at what you don’t need and substitute it for cheaper alternatives. Remember the long term goal all the time which will keep you motivated.


I hope this helps you save more money on your outgoings.