Discover tips and tricks on how to save money.


It’s January. Everyone is either hitting the gym, dumping the bottle, or binning the cheese and chocolate. All admirable ambitions don’t get me wrong, but after the excesses of Christmas not only do I need to get myself off the sofa, I need to get myself back in the black too.

Maybe you’ve read our New Year, New Plan: Creating your 2018 Budget post and you’ve decided you’re not a budget person, for whatever reason; no probs. Although it’s recommended to keep a budget if you want to save money, it’s not gospel. Sometimes just chucking a few pennies into your savings account whenever you can is the best you can do. If that’s the case, then maybe joining me in my new 2018 challenge will be just what you need.

I’ve set myself the goal of saving £1000 in 1 year.

It’s as simple as it sounds.

I intend to save £2.74 a day for the next year. Alternatively, that’s £19.18 a week, or, £82.20 a month.

Looking at the monthly costs initially bowled me over a bit (£82.20 isn’t an insubstantial amount to come out of my earnings). However, I tried to break it down for myself in a different way. Think of it like this…


£2.74 is…..
1 x grande latte at Starbucks
1 x pint of beer or cider
1 x Boots Meal Deal

£19.18 is….
1 x Mighty Meteor pizza from Dominos, plus one set of potato wedges or twisted dough balls.
1 x cute cami top from Topshop
1 x ticket to see Star Wars: The Last Jedi (nearly. I’m cheating a bit here. It’s only £15.25)

£82.20 is….
1 x cleaner cleaning the house for 2 hours a week
1 x ticket to see Chicago (or similar big name show) in the West End
8 x pack of cigarettes

It depends on what your vice is, or where you want to cut your spending, but thinking about it in real terms makes it easier to visualise what you can cut out.

If you are doing dry January, take that £19.18 you would have spent down the pub on Friday and put it in your bank account. Maybe you want to cut back on smoking? If your average price of a pack of cigarettes in £10 then buying 2 fewer packs a month helps your body and you wallet – put that £20 into savings.

If you miss a few days, the world doesn’t end. However, if you manage to stick to it then, come December 31st 2018 you will have pocketed £1000 that are all yours, safely stowed away in your bank (or Oval wallet).

And that’s £1000 more than you’d have had if you hadn’t tried this little 2018 challenge.

So go on, lets do £1000 in 1 year.

Save a grand with us at Oval Money!



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