Newspaper article The Journal (Newcastle, England)

Simple Changes Could Mean You're Quids-In; ALOK Dhanda of Dhanda Financial Offers 10 Top Moneysaving Tips for a Fruitful Start to 2011

Newspaper article The Journal (Newcastle, England)

Simple Changes Could Mean You're Quids-In; ALOK Dhanda of Dhanda Financial Offers 10 Top Moneysaving Tips for a Fruitful Start to 2011

Article excerpt

NOW that the new year has arrived, this is the perfect time to make a fresh start with your finances. You may still have to pay off Christmas expenses, but if you make some small adjustments to your lifestyle you can save a lot of money.

1. Look into 0% balance transfer deals The average British cardholder owes pounds 2,000 on their credit cards. However, by making a 0% balance transfer, you could find much better credit card deals and save hundreds of pounds in interest payments.

2. Research Dual Fuel packages Thanks to the internet, it has never been easier to change your supplier. A few clicks of a button can save you hundreds of pounds a year and sites such as uswitch.com make it very easy for you to compare your current deal with what you could be getting.

Similarly, if you choose to pay your gas and electric bills by direct debit, you can get a substantial discount. Companies such as Scottish Power are offering cheaper rates to customers who take their own meter readings and pay by direct debit.

3. Review your TV, phone and broadband deal It is worth reviewing your package to see if there's a cheaper deal out there. If you're not using all the TV channels that you're paying for, you could save hundreds by switching to a cheaper deal.

4. Switch your mobile phone contract to pay as you go Most of us could not imagine living without a mobile phone, but the cost of calls and text messages can escalate very quickly. If you're on a contract, consider switching to pay as you go, even if that means changing your network. If you only have a certain amount of credit to use, you will be likely to spend far less.

5. Be inventive when shopping - and test your selling skills Make a shopping list and stick to it every time you do your weekly shop. Try shopping in your local market for cheaper groceries. Shopping online can also be cheaper than visiting the high street. …

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