Are you looking for a way to boost your savings? Well, you’re in luck, as we’re offering some top tips that will help increase your cash.
- Start Haggling
It might not be very British to haggle – but that’s exactly what you need to do if you want to make great savings. According to the consumer watchdog Which?, you can make an annual saving of £429 per year by simply bartering on everything from holidays to broadband. So, the next time you’re making a purchase, ask for a discount.
- Halve Your Holiday
Halving the cost of your holiday sounds great, doesn’t it? Of course it does. And all you have to do is switch your destination. You might dream of holidaying in a five star hotel in Cyprus – but you could find similar accommodation in Turkey is a whole lot cheaper, and you still get to enjoy the sun!
If you really want to make fantastic savings on your holiday, we recommend taking a trip to Krakow in Poland. Not only is the city knee-deep in history, but it also offers beautiful architecture, delicious food and tempting drinks – and all for an incredibly low price.
- Swap to an Energy Efficient TV
Not only will an energy efficient TV aid the environment, it will also help you make some great savings every year. According to Which?, an energy efficient TV will cost you just £23 per year to run, but the least energy efficient TVs could end up costing you up to £98 each year. That’s money you could be saving your bank account!
- Start a PPI Claim
Payment Protection Insurance (PPI) is that pesky insurance that was offered when a person took out a loan or credit card – which supposedly covered a person if they became unemployed or sick. Many people were unaware the product was included on the terms of their loan, and some customers felt pressured into accepting the PPI policy in order to receive a loan. However, customers don’t have long to claim PPI compensation if they believe they were mis-sold a PPI policy.
The compensation is rightfully yours to claim and the money could considerably boost your bank balance. So, if you believe you have been mis-sold a policy, contact PPI specialists Have I Got PPI today.
- Avoid Bad Savings Rates
If you’re planning on opening a savings account, we strongly encourage you to do your homework first. Don’t just head to your local branch to open an account, as you could receive a terrible interest rate. Let’s put it this way, if you save £5,000 in a top easy access savings account, you could receive £52 more than you would if you placed your funds in a low interest savings account. Imagine how much you could be missing out on if you saved up for a number of years.
- Tax Rebate for Washing Your Uniform
Do you wear a uniform to work? You could be entitled to a tax rebate. You can receive an extra tax free allowance if you have to wear a company provided outfit, whether it’s a nurse or police uniform or a simple t-shirt. Have to wear a polo shirt for a retail job? Wear a company standard shirt as a bus driver? You can receive a rebate for simply washing and repairing the outfit.
- Train and Tube Delays
Do you regularly travel on a train or the tube? We bet they are often delayed, right? Well, you could claim the price of your ticket back if your train is cancelled or delayed if you decide not to travel. The amount you can receive back will depend on the train, but you are entitled to a refund if a train is delayed by more than 30 minutes.
- Reclaim Bank Charges
If you have had financial struggles this year, and have been heavily hit with bank charges, you have a right to ask for the back. The refund will simply depend on your circumstances and how the charges have affected you financially, such as worsening your finances. Read how you can reclaim your bank charges.
- Check You’re on the Right Council Tax Band
The council can often make mistakes – and that includes issuing the wrong council tax band. It is your job to check if you’re on the right council tax band, which takes just ten minutes and could save you up to £200 a year – which could result in a significant backdated payout if you’ve lived in your home for a number of years.
- Claim Mortgage Exit Fees Back
Have you moved your mortgage to a new company since the late 1990s? You may have potentially been overcharged by your old lender. All you have to do is make a phone call to the company to see if you’re due any money back, which could be between £50 – £300.