As denizens of Birmingham (Brum) we all know, life in the UK’s second-largest city can be pretty expensive. Yet, it’s also filled with opportunities to save money if you’re willing to adopt a frugality-exuding, money-saving mindset. We’ll explore some ways you can economise whilst living in Brum, giving you the potential to retain extra cash in your pocket.
Maximise Savings When Renewing Your Car Insurance
Before you renew your car insurance, it’s important to take a moment to review your current policy. When it’s time to review your car insurance policy, it’s a great opportunity to reassess your options and find ways to save. Many insurance companies offer incentives to retain their clients, which can help you secure a policy that meets your needs and budget.
However, insurers often reserve their best deals for new customers, making it worthwhile to explore your choices. By renewing your car insurance with careful consideration, you can ensure you’re getting the best value for your money while maintaining the coverage you need. With a little time and effort, you could save a significant amount.
Shop Smarter
Food can eat up a large chunk of your budget. The local markets in Birmingham, like Bullring Open Market, offer fresh produce at a fraction of supermarket prices. You could also reduce your grocery bills further by embracing own-branded supermarket items and getting down-to-earth prices at retailers like ALDI and LIDL. Don’t forget to utilise loyalty cards and online vouchers, and buy in bulk whenever you can – non-perishable items like rice, pasta and canned goods can be cheaper when bought in larger quantities.
Sustain and Maintain
Are you quick to replace an item, or do you make the effort to repair it first? Birmingham is home to numerous repair shops, capable of fixing electronic devices, shoes, furniture, and much more. By repairing over replacing, you could save substantial amounts of money while also minimising your environmental footprint.
Make the Most of Public Transport
Owning a car can be convenient, but it’s important to consider the costs that come with it, like fuel, maintenance, parking, and insurance. If you’re looking to cut down on these expenses, using public transport can be a great option. Birmingham has a reliable public transport network that offers a cost-effective way to get around the city. Choosing to use buses, trains, or trams can save you money, reduce the stress of finding parking, and help you avoid time wasted in traffic.
The Thrifty Thrill of Second-Hand Shopping
Birmingham has an abundance of charity shops, vintage boutiques, and car boot sales like Kings Heath Car Boot or Bournville Car Boot, where you can find clothes, furniture, and a plethora of other items for a bargain. Online platforms such as Facebook Marketplace, Gumtree, and eBay also offer second-hand goods at a reduced price, giving you a chance to nab some great deals.
Boost Your Income
Are there skills or hobbies you could monetise? From tutoring, freelance writing, or selling handmade crafts, a little side hustle can supplement your income nicely. Check out platforms like Etsy for selling handmade items or websites like Tutorful if you’re interested in becoming a tutor.
Final Thoughts
Thrifty living in Birmingham isn’t about depriving yourself, it’s about maximising the value for your money. By following these simple steps, you could find yourself with a healthier bank balance, all without compromising the quality of your life. It’s all about living smarter, not cheaper.
