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| Boilerpipe Text | 7 tips to save money & reduce costs
11 June 2025
Taking control of your finances can be empowering, even if it feels like expenses are high. Itās a chance to create a plan that works for you. By implementing small, consistent changes, it's possible to take control of your financial situation.
In this blog, we have put together 7Ā practical tips to help you save money and reduce costs throughout the year.
These 7 tips will help you start making small changes that can have a big impact on your finances. Like many things in life, by starting with small steps, you can quickly develop habits that make your life easier in many other ways.
So, let's get started right away.
1. Treat savings like a regular bill
One effective strategy is to 'pay yourself first.' Set up a standing order to transfer a fixed amount into a savings account shortly after receiving your regular income or support payment, ideally on the same day. This approach makes saving a non-negotiable part of your budget. Even contributing ā¬5 per week can help you build up savings quicker than you might expect.
Example
: Aoife established a standing order of ā¬50 to her savings account every month. This added up to ā¬600 over the year, and when her car broke down, she didnāt need to worry about the money needed for repairs.
For assistance in creating a budget, consider using our
My Budget tool.
2. Review and adjust your subscriptions
Monthly subscriptions can add up quickly. Take time to review services like streaming platforms like Spotify and Netflix, gym memberships, or magazine subscriptions. Cancel any that you no longer use or need, or look for cheaper or free alternatives.
If you're a student, it's also worth checking if there is a student offer that reduces the cost of any subscription services you use.
Tip:
Some services offer discounts or promotions when you attempt to cancel or after you cancel. It's always worth checking if you can negotiate a better rate or take advantage of free trials.
3. Shop smart for groceries
Grocery bills are a significant part of all household budgets. Planning meals, creating shopping lists, and sticking to them can prevent impulse purchases. Buying in bulk if you can afford to and can store the items, and choosing store-brand products can also lead to savings.
A number of supermarkets have loyalty cards and rewards apps that offer discounts and vouchers on items that you might be planning to buy. It's worth checking out the mobile apps to see what savings you might be able to make before you set out on your
weekly shop
.
Example:
Anne Marie, a mother of four, reduced her grocery expenses by planning meals and buying in bulk, allowing her to prepare dinners for as little as ā¬0.85 per portion.
For more tips on reducing food waste and saving money, visit this '
tips to reduce food waste
' blog.
The
101 Square Meals cookbook
, in collaboration with Safe Food, has a range of nutritionally balanced meals with a budget in mind.
4. Monitor and reduce energy usage
Regularly reviewing your energy provider and comparing rates can also lead to savings. Put a note on your calendar for when your contract is up to ensure you know when to switch.
Simple actions like turning off unused appliances, using energy-efficient bulbs, and lowering the thermostat can make a difference.
Tip
: Conducting an energy audit can identify areas where you can reduce consumption and costs. With most homes now equipped with Smart Meters. You can check out this blog from SEAI to learn more about using your Smart Meter to understand how much energy each appliance in your home is using:
Ruth shares her own experience of learning about smart meters.
You can also borrow an
Energy Saving Kit
from your local library that will help you understand what appliances in your home are costing you the most.
5. Reevaluate insurance policies
It really does pay to shop around for insurance.
Insurance premiums can vary significantly between providers. Annually reviewing your car, home, or health insurance policies and comparing quotes can ensure you're getting the best deal.
Example
: John, from Cork, saved ā¬200 annually by switching his car insurance provider after comparing rates online.
For guidance on switching insurance providers, read our blog:
Switching your car insurance ā Tips on how to save
.
6. Utilise public transportation and carpooling
Transportation costs, including fuel, maintenance, and parking, can add up. Using public transportation, cycling, or carpooling can reduce these expenses. Many employers also offer commuter benefits or subsidies like
Taxsaver tickets
or the
Bike to Work Scheme
.
7. Separate āneedsā from āwantsā
One of the most challenging things to do is decide what we need and what we want. It can be a helpful exercise to review what we are spending and ask if it is something we really need or something that we want.
If itās a want, can you do without it for a while to help you achieve your short-term saving goal?
You can check out our blog that breaks down the difference between 'needs' and 'wants' in our blog:
Needs vs Wants - What is the difference
Final thoughts on saving and reducing costs
Start by learning to budget, which will allow you to understand your finances. One area which we discuss a lot with our clients is how to save on your utilities. Maybe you can save some money by comparing websites to check different rates? A useful website for this is
Bonkers
.
What are the day-to-day things you do? Maybe a food shop or packing the kidās lunches for school? Think about using leftovers from dinner or lunches to re-use for the school lunches! This also helps to cut down on food waste. To find more information and ideas on how to reduce your food waste, check out
Stop Food Waste
.
Need further help with saving money?
If you're feeling overwhelmed or need personalised advice, MABS is here to help. We offer free, confidential, and non-judgmental support to assist you in managing your finances.
Call our Helpline:
0818 07 2000
-
Monday to Friday, from 9am to 8pm
Find your local MABS office:
MABS local office location
Remember, taking the first step towards financial stability is a sign of strength. We're here to support you every step of the way.
For more tools and resources, explore:
-
My Full Financial Picture
-
Building Up Savings
Disclaimer: Every effort has been made to ensure this information is current and correct. The details of each case can be unique. As a result, the outcome can be different to what has been described in this blog.
Note: We welcome references to and use of the content in this blog. However, please reference MABS and link said content if you choose to do so.
Back to Blog |
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3. 7 tips to save money & reduce costs
7 tips to save money & reduce costs
11 June 2025
Taking control of your finances can be empowering, even if it feels like expenses are high. Itās a chance to create a plan that works for you. By implementing small, consistent changes, it's possible to take control of your financial situation.
In this blog, we have put together 7 practical tips to help you save money and reduce costs throughout the year.
These 7 tips will help you start making small changes that can have a big impact on your finances. Like many things in life, by starting with small steps, you can quickly develop habits that make your life easier in many other ways.
So, let's get started right away.
## 1\. Treat savings like a regular bill
One effective strategy is to 'pay yourself first.' Set up a standing order to transfer a fixed amount into a savings account shortly after receiving your regular income or support payment, ideally on the same day. This approach makes saving a non-negotiable part of your budget. Even contributing ā¬5 per week can help you build up savings quicker than you might expect.
**Example**: Aoife established a standing order of ā¬50 to her savings account every month. This added up to ā¬600 over the year, and when her car broke down, she didnāt need to worry about the money needed for repairs.
For assistance in creating a budget, consider using our [My Budget tool.](https://www.mabs.ie/en/money-tools/my-budget/)
## 2\. Review and adjust your subscriptions
Monthly subscriptions can add up quickly. Take time to review services like streaming platforms like Spotify and Netflix, gym memberships, or magazine subscriptions. Cancel any that you no longer use or need, or look for cheaper or free alternatives.
If you're a student, it's also worth checking if there is a student offer that reduces the cost of any subscription services you use.
***
**Tip:** Some services offer discounts or promotions when you attempt to cancel or after you cancel. It's always worth checking if you can negotiate a better rate or take advantage of free trials.
***
## 3\. Shop smart for groceries
Grocery bills are a significant part of all household budgets. Planning meals, creating shopping lists, and sticking to them can prevent impulse purchases. Buying in bulk if you can afford to and can store the items, and choosing store-brand products can also lead to savings.
A number of supermarkets have loyalty cards and rewards apps that offer discounts and vouchers on items that you might be planning to buy. It's worth checking out the mobile apps to see what savings you might be able to make before you set out on your [weekly shop](http://mabs.ie/en/blog/the-weekly-food-shop-how-to-shop-smarter/).
**Example:** Anne Marie, a mother of four, reduced her grocery expenses by planning meals and buying in bulk, allowing her to prepare dinners for as little as ā¬0.85 per portion.
For more tips on reducing food waste and saving money, visit this '[tips to reduce food waste](https://www.mabs.ie/en/blog/tips-to-reduce-food-waste/)' blog.
The [101 Square Meals cookbook](https://www.mabs.ie/139/101-Square-Meals-2021-Update.pdf), in collaboration with Safe Food, has a range of nutritionally balanced meals with a budget in mind.
## 4\. Monitor and reduce energy usage
Regularly reviewing your energy provider and comparing rates can also lead to savings. Put a note on your calendar for when your contract is up to ensure you know when to switch.
Simple actions like turning off unused appliances, using energy-efficient bulbs, and lowering the thermostat can make a difference.
***
**Tip**: Conducting an energy audit can identify areas where you can reduce consumption and costs. With most homes now equipped with Smart Meters. You can check out this blog from SEAI to learn more about using your Smart Meter to understand how much energy each appliance in your home is using: [Ruth shares her own experience of learning about smart meters.](https://www.seai.ie/blog/how-to-use-smart-meters)
You can also borrow an [Energy Saving Kit](https://thinkenergy.ie/energy-saving-kit/find-a-kit/) from your local library that will help you understand what appliances in your home are costing you the most.
***
## 5\. Reevaluate insurance policies
It really does pay to shop around for insurance.
Insurance premiums can vary significantly between providers. Annually reviewing your car, home, or health insurance policies and comparing quotes can ensure you're getting the best deal.
**Example**: John, from Cork, saved ā¬200 annually by switching his car insurance provider after comparing rates online.
For guidance on switching insurance providers, read our blog: [Switching your car insurance ā Tips on how to save](https://www.mabs.ie/en/blog/switching-your-car-insurance-tips-on-how-to-save/).
## 6\. Utilise public transportation and carpooling
Transportation costs, including fuel, maintenance, and parking, can add up. Using public transportation, cycling, or carpooling can reduce these expenses. Many employers also offer commuter benefits or subsidies like [Taxsaver tickets](https://www.citizensinformation.ie/en/travel-and-recreation/public-transport/public-transport-commuter-tickets-and-tax/) or the [Bike to Work Scheme](https://www.citizensinformation.ie/en/travel-and-recreation/cycling/cycle-to-work-scheme/).
## 7\. Separate āneedsā from āwantsā
One of the most challenging things to do is decide what we need and what we want. It can be a helpful exercise to review what we are spending and ask if it is something we really need or something that we want.
If itās a want, can you do without it for a while to help you achieve your short-term saving goal?
You can check out our blog that breaks down the difference between 'needs' and 'wants' in our blog: [Needs vs Wants - What is the difference](https://www.mabs.ie/en/blog/needs-vs-wants-what-is-the-difference/)
## Final thoughts on saving and reducing costs
Start by learning to budget, which will allow you to understand your finances. One area which we discuss a lot with our clients is how to save on your utilities. Maybe you can save some money by comparing websites to check different rates? A useful website for this is [Bonkers](http://www.bonkers.ie/).
What are the day-to-day things you do? Maybe a food shop or packing the kidās lunches for school? Think about using leftovers from dinner or lunches to re-use for the school lunches! This also helps to cut down on food waste. To find more information and ideas on how to reduce your food waste, check out [Stop Food Waste](https://stopfoodwaste.ie/storage-cooking/five-ways-to-reduce-food-waste).
## Need further help with saving money?
If you're feeling overwhelmed or need personalised advice, MABS is here to help. We offer free, confidential, and non-judgmental support to assist you in managing your finances.
**Call our Helpline:** [**0818 07 2000**](tel:0818072000) **\-** Monday to Friday, from 9am to 8pm
**Find your local MABS office:** [**MABS local office location**](https://www.mabs.ie/en/about/find-a-mabs-office/)
Remember, taking the first step towards financial stability is a sign of strength. We're here to support you every step of the way.
For more tools and resources, explore:
\- [**My Full Financial Picture**](https://www.mabs.ie/en/money-tools/my-full-financial-picture/)
\- [**Building Up Savings**](https://www.mabs.ie/en/money-tools/my-full-financial-picture/)
***
**Disclaimer: Every effort has been made to ensure this information is current and correct. The details of each case can be unique. As a result, the outcome can be different to what has been described in this blog.**
**Note: We welcome references to and use of the content in this blog. However, please reference MABS and link said content if you choose to do so.**
[Budgeting](https://www.mabs.ie/en/blog/?blog_tags=budgeting) [Saving](https://www.mabs.ie/en/blog/?blog_tags=saving)
[ Back to Blog](https://www.mabs.ie/en/blog/)
***
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| Readable Markdown | 7 tips to save money & reduce costs
11 June 2025
Taking control of your finances can be empowering, even if it feels like expenses are high. Itās a chance to create a plan that works for you. By implementing small, consistent changes, it's possible to take control of your financial situation.
In this blog, we have put together 7 practical tips to help you save money and reduce costs throughout the year.
These 7 tips will help you start making small changes that can have a big impact on your finances. Like many things in life, by starting with small steps, you can quickly develop habits that make your life easier in many other ways.
So, let's get started right away.
1\. Treat savings like a regular bill
One effective strategy is to 'pay yourself first.' Set up a standing order to transfer a fixed amount into a savings account shortly after receiving your regular income or support payment, ideally on the same day. This approach makes saving a non-negotiable part of your budget. Even contributing ā¬5 per week can help you build up savings quicker than you might expect.
**Example**: Aoife established a standing order of ā¬50 to her savings account every month. This added up to ā¬600 over the year, and when her car broke down, she didnāt need to worry about the money needed for repairs.
For assistance in creating a budget, consider using our [My Budget tool.](https://www.mabs.ie/en/money-tools/my-budget/)
2\. Review and adjust your subscriptions
Monthly subscriptions can add up quickly. Take time to review services like streaming platforms like Spotify and Netflix, gym memberships, or magazine subscriptions. Cancel any that you no longer use or need, or look for cheaper or free alternatives.
If you're a student, it's also worth checking if there is a student offer that reduces the cost of any subscription services you use.
**Tip:** Some services offer discounts or promotions when you attempt to cancel or after you cancel. It's always worth checking if you can negotiate a better rate or take advantage of free trials.
3\. Shop smart for groceries
Grocery bills are a significant part of all household budgets. Planning meals, creating shopping lists, and sticking to them can prevent impulse purchases. Buying in bulk if you can afford to and can store the items, and choosing store-brand products can also lead to savings.
A number of supermarkets have loyalty cards and rewards apps that offer discounts and vouchers on items that you might be planning to buy. It's worth checking out the mobile apps to see what savings you might be able to make before you set out on your [weekly shop](http://mabs.ie/en/blog/the-weekly-food-shop-how-to-shop-smarter/).
**Example:** Anne Marie, a mother of four, reduced her grocery expenses by planning meals and buying in bulk, allowing her to prepare dinners for as little as ā¬0.85 per portion.
For more tips on reducing food waste and saving money, visit this '[tips to reduce food waste](https://www.mabs.ie/en/blog/tips-to-reduce-food-waste/)' blog.
The [101 Square Meals cookbook](https://www.mabs.ie/139/101-Square-Meals-2021-Update.pdf), in collaboration with Safe Food, has a range of nutritionally balanced meals with a budget in mind.
4\. Monitor and reduce energy usage
Regularly reviewing your energy provider and comparing rates can also lead to savings. Put a note on your calendar for when your contract is up to ensure you know when to switch.
Simple actions like turning off unused appliances, using energy-efficient bulbs, and lowering the thermostat can make a difference.
***
**Tip**: Conducting an energy audit can identify areas where you can reduce consumption and costs. With most homes now equipped with Smart Meters. You can check out this blog from SEAI to learn more about using your Smart Meter to understand how much energy each appliance in your home is using: [Ruth shares her own experience of learning about smart meters.](https://www.seai.ie/blog/how-to-use-smart-meters)
You can also borrow an [Energy Saving Kit](https://thinkenergy.ie/energy-saving-kit/find-a-kit/) from your local library that will help you understand what appliances in your home are costing you the most.
***
5\. Reevaluate insurance policies
It really does pay to shop around for insurance.
Insurance premiums can vary significantly between providers. Annually reviewing your car, home, or health insurance policies and comparing quotes can ensure you're getting the best deal.
**Example**: John, from Cork, saved ā¬200 annually by switching his car insurance provider after comparing rates online.
For guidance on switching insurance providers, read our blog: [Switching your car insurance ā Tips on how to save](https://www.mabs.ie/en/blog/switching-your-car-insurance-tips-on-how-to-save/).
6\. Utilise public transportation and carpooling
Transportation costs, including fuel, maintenance, and parking, can add up. Using public transportation, cycling, or carpooling can reduce these expenses. Many employers also offer commuter benefits or subsidies like [Taxsaver tickets](https://www.citizensinformation.ie/en/travel-and-recreation/public-transport/public-transport-commuter-tickets-and-tax/) or the [Bike to Work Scheme](https://www.citizensinformation.ie/en/travel-and-recreation/cycling/cycle-to-work-scheme/).
7\. Separate āneedsā from āwantsā
One of the most challenging things to do is decide what we need and what we want. It can be a helpful exercise to review what we are spending and ask if it is something we really need or something that we want.
If itās a want, can you do without it for a while to help you achieve your short-term saving goal?
You can check out our blog that breaks down the difference between 'needs' and 'wants' in our blog: [Needs vs Wants - What is the difference](https://www.mabs.ie/en/blog/needs-vs-wants-what-is-the-difference/)
Final thoughts on saving and reducing costs
Start by learning to budget, which will allow you to understand your finances. One area which we discuss a lot with our clients is how to save on your utilities. Maybe you can save some money by comparing websites to check different rates? A useful website for this is [Bonkers](http://www.bonkers.ie/).
What are the day-to-day things you do? Maybe a food shop or packing the kidās lunches for school? Think about using leftovers from dinner or lunches to re-use for the school lunches! This also helps to cut down on food waste. To find more information and ideas on how to reduce your food waste, check out [Stop Food Waste](https://stopfoodwaste.ie/storage-cooking/five-ways-to-reduce-food-waste).
Need further help with saving money?
If you're feeling overwhelmed or need personalised advice, MABS is here to help. We offer free, confidential, and non-judgmental support to assist you in managing your finances.
**Call our Helpline:** [**0818 07 2000**](tel:0818072000) **\-** Monday to Friday, from 9am to 8pm
**Find your local MABS office:** [**MABS local office location**](https://www.mabs.ie/en/about/find-a-mabs-office/)
Remember, taking the first step towards financial stability is a sign of strength. We're here to support you every step of the way.
For more tools and resources, explore:
\- [**My Full Financial Picture**](https://www.mabs.ie/en/money-tools/my-full-financial-picture/)
\- [**Building Up Savings**](https://www.mabs.ie/en/money-tools/my-full-financial-picture/)
***
**Disclaimer: Every effort has been made to ensure this information is current and correct. The details of each case can be unique. As a result, the outcome can be different to what has been described in this blog.**
**Note: We welcome references to and use of the content in this blog. However, please reference MABS and link said content if you choose to do so.**
[ Back to Blog](https://www.mabs.ie/en/blog/) |
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