The Public Has Spoken

The latest survey commission by gocompare.com has revealed the Top 15 tips UK consumers would recommend to save money in 2015. It would appear that the seemingly endless self-publicity campaign that is ‘Martin Lewis’ is having success in changing people’s habits.

 

The results:

Rank	Top 15 Money Saving Tactics For 2015	%
1	Use vouchers, coupons, money off apps to get discounts	48
2	Use loyalty and cashback schemes	43
3	Shop around for cheaper car insurance	31
4	Shop around for cheaper home insurance	30
5	Turn the thermostat down to reduce heating bills	30
6	Cut down on takeaways and ready meals	28
7	Switch energy provider for a cheaper tariff	27
8	Switch to a cheaper supermarket	26
9	Cut out takeaway coffee/coffee shop treats	26
10	Draw up a budget and stick to it	26
11	Reduce the amount spent on holidays	19
12	Review or cancel satellite/cable TV subscription	17
13	Leave car at home and walk or use public transport	15
14	Review or cancel mobile phone contract	13
15	Transfer all credit card debt to a 0% card	8

 

Perhaps most worryingly……the analysis revealed that many are continuing to experience a ‘cost of living crisis’ with 15% admitting to being seriously worried about their finances and 8% saying that they have to rely on credit cards to make ends meet.

 

The survey also concluded:

 

34% of those surveyed said that they needed to reduce their outgoings in 2015.

 

17% tend to run out of money before the end of the month.

 

13% expect to have a credit card debt for most of 2015.

 

All very worrying……let’s hope the next Government budget is more about ‘budget’ and less about ‘vote winning’.

 

We shall see.