With the recession showing few signs of abating, more and more people are being forced to tighten their belts. That said, there are lots of things you can do to save money without having to sacrifice any essentials. One of the most effective ways to save money is to change your bank account to one that offers better terms, such as lower banking charges or higher interest rates. For example, Santander offers a range of bank current accounts with tempting incentives, such as cashback on your monthly bills.
Most people have had some experience of buying goods or services online. These days, virtually anything can be bought online, and if you shop around, you can find some truly spectacular deals. One of the main reasons why things tend to be cheaper when you buy them online is that companies who sell things over the internet have much lower overheads than those that have a physical retail presence, such as high-street shops or out-of-town supermarkets.
Because of this, they can afford to pass on those savings to the consumer. For example, most insurance brokers will offer you a fairly substantial discount if you buy entirely online, rather than over the phone or in person. Price comparison websites can also be very helpful in this regard, as they will enable you to get a range of quotes from several companies at once without having to enter your details several times. You should be aware, though, that some companies do not list on these sites, so it is always worth checking individual websites for special offers.
Online voucher firms such as Groupon can also enable you to make substantial savings on lots of different types of goods and services. The reason that they can do this is because they can use the collective bargaining power of their customer base to strike better deals with providers.
Peer to peer shopping sites such as eBay, Craigslist, and Gumtree can also be great places to pick up bargains on second-hand goods. Rather than paying full price for brand new goods, or inflated prices for second hand goods in shops, the nature of these sites means that you can usually find items at their true market value, or below if the seller is in a hurry to raise funds.