The 4 Best Tools to Help You Save Money

Unfortunately, money doesn’t grow on trees… However luckily for us, there are ways we can maximise the money we have by saving on the purchases we make and being savvier when it comes to managing our outgoings. Here are four of the best tools to help you save on purchases and manage your outgoings. They are simple to use, and have helped save me money on everything from Coffee machines to holidays!    

1. Pouch

This is currently my favourite web app and recently saved me 10% on a holiday booking! It saves you time and money by automatically finding and displaying the best deals and promo codes for the website you have open in your browser window. And with a database of over 3,000 UK stores there is something for everyone.

This means you no longer need to go hunting for promo codes on voucher code websites every time you want to find a deal.  It’s so easy to use, simply visit the Pouch Website, and click the install button, it then takes care of the rest. Websites I’ve saved on include, Lastminute.com, Amazon, and Dominos Pizza.

 

2. Monzo

Monzo refers to itself as ‘the bank of the future’, and offers a Current Account with loads of nifty features. The main benefit of Monzo is it tracks all your purchases and provides insights on how you are spending and what you are spending on. It also organises your purchases into different categories, (e.g. travel, entertainment, and food), and enables you to set spend targets for the month.

For example, if you set a spend limit of £300 on Travel for the month, Monzo will give you an update every time you purchase something within this category. If you are close to overspending (or spending too fast) it will give you an alert telling you to slow down or adjust your spending.

I’ve been using it for a year now and found it really useful saving tool, especially for cutting down on smaller expenses such as snacks and coffee as it made me realise the crazy amount I was spending each month! Even if you only save an extra £20 per month it can make a massive different over a year.

3. Skyscanner

This one has been around for a while now, having launched in 2008. However, I still find it the best way to secure the best deal on a flight and it has a lot of great money saving features which are not found elsewhere. For example, it lets you set fare alerts for specific routes and shows you the cheapest flight options, along with a rating based on price, the number of stops and total travel time with layover.

Skyscanner also enables you to add stops to your journey, so if you’re planning a large trip with multiple destinations, it can really help save you money.

 

4. Peddler

Dutch start-up Peddler introduces a totally new way to shop and save, uniting purchasers so that they can work together to get goods they want at a reduced price. The process is as follows:

  1. First off someone finds an item that they want to purchase but is currently too expensive (e.g. a Nintendo Switch), and then shares a link to it on Peddler.
  2. Other users can then show that they would also be interested in purchasing this item if it was at a reduced price.
  3. Merchants who don’t want to miss out on all these potential customers can then share great offers on the product, offering the item at a reduced rate.

This makes it a great platform for picking up a deal, as chances are there are many other people looking to purchase the same products as you. And by using the power of bulk purchasing everyone can make a big saving.

 

Want more suggestions on how you can Reduce spend and save? Check out our article ‘7 Ways You Can Reduce Spending and Save.’

 

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