The 10 most popular money saving measures

A recent survey has revealed the top 10 ways people around the country are trying to save money.  As the credit crunch (can we just call it a recession yet?) takes hold people are trying to reduce their outgoings. Here are the top 10 most popular methods shown with the percentage of people using them.

1. Staying in more (63%)

2. Shopping at cheaper shops (59%)

3. Wearing an extra layer instead of putting the heating on (51%)

4. Using loyalty and reward cards (49%)

5. Entering competitions (49%)

6. Taking a packed lunch to work instead of buying lunch (47%)

7. Using the internet to get a bargain (44%)

8. Selling unwanted items on Ebay or at car boot sales (39%)

9. Buying fewer magazines (34%)

10. Using cash rather than credit cards (34%)

It would seem that people are staying indoors entering as many competitions as possible whilst wearing extra layers from Primark. Interestingly 57% of those asked did not plan on giving up their broadband connection, at least until their phone line is disconnected. What was once seen as a luxury is now a necessity. Personal Finance expert Alvin Hall thinks this makes good sense:

“Broadband offers access to myriad ways of saving money – searching for the cheapest deal, selling unwanted goods on online auctions, downloading discount vouchers, entering competitions and even taking part in surveys like this one in return for cash.”

Be Sociable, Share!

•