Great tips for saving money when you are new to the UK
Moving to a different country is an exciting experience, but with this new adventure comes challenges, some of which can be quite unexpected. Having to budget for expenses that you didn’t have in your previous home is one of them. For example, if you come from a place like Spain or Mexico, where the weather is usually warm, you probably wouldn’t have thought about paying for heating during the winter. In some other countries, watching TV is free of charge, unless you have a cable subscription, so having to pay for a TV license every year is something you may not have considered.
Expenses like this have the potential to make your time in the UK a bit more difficult; and as you adjust to your new life, saving money for the future probably isn’t your number one priority. However, living economically, can help you save for any surprises that may come your way, and it’s easier than you think, especially when you know how…
Do some research on suppliers
Once you have found a place to live in the UK, the next thing you need to do is sort out your bills. But before you make a commitment, do some research on energy and gas suppliers. There are various comparison sites that can help you compare the different deals available; allowing you to choose the best option for you. In fact, some sites (Moneysupermarket.com) claim to be able to save you £670 on your bills, so it’s well worth a look.
This also applies to mobile phone and internet providers.
Identify who offers the best food and household deals
Living costs in the UK are generally more expensive than in other countries; because of this, it is always a good idea to start familiarising yourself with local supermarkets and the prices they offer. Identifying who offers the best deals on certain products will help you save money on a weekly basis.
Discount stores are very popular in the UK and they offer a wide range of items, from cleaning products and DIY to kitchen essentials and food.
Cut the cost of your commute
Whether you came to the UK to study or to start a new life, there is a big chance that you have been looking for a place to live in the surrounding areas of your future university or office.
Living nearby can bring lots of benefits, from getting to know the place better, to being able to walk to class or work, giving you the chance to save money on petrol and parking, or to scrap bus fares completely.
If you don’t live within walking distance of university or work, investing in a bike is another easy way to save money, and get fit too. If you have a job, you might also want to check if your company has a “cycle to work” scheme which offers tax free bikes to employees.
If a train journey is unavoidable, then keep a close eye on train company websites for deals on monthly or yearly tickets, and also check if you are eligible for a railcard; which can help you save up to £180 per year.
Take on free entertainment
Saving money doesn’t mean that you have to stay in every night. No matter where you live, whether it is a big city or a small town, you will be able to find events and places which are free entry. The UK has a rich history and culture and there are plenty of museums, galleries, conservation projects and other attractions which you can enjoy for free.
Getting involved with your community is also a good way to get to know people, and stay up to date with upcoming free events in your local area.
Get a coupon subscription
Everybody loves a bargain, and nowadays it is very common to find websites that send you vouchers and keep you informed of the latest deals via newsletters in exchange for your email address.
From tech to beauty and dining to family activities, these sites can help you save money and still do the things you want to do.
If you want a simple, straightforward way to manage your money, sign up for an Arro Early Access account now.