5 Ways to Save Money in 2025
Posted on Jan 07, 2025As the new year begins, 75% of Brits are setting New Year’s resolutions, and for about one-third, it’s all about improving their finances. Whether you’re aiming to build a rainy-day fund or create a safety net of savings, starting with small, actionable steps can make a big difference. To help you kick-start your financial goals in 2025, we’ve put together 5 quick and easy ways to cut everyday expenses.
1) Set your goal
New Year’s resolutions are a great way to set goals for the next 12 months and beyond. Whether you want to get fit, travel more or save money, setting goals can help you take action!
Think about what you want to save money for? How much do you want to save by the end of the year? What can you afford to save each week or month? Being specific and making sure your saving goal is built into your budget will keep you motivated and help you achieve your goals.
2) Haggle on your bills
More than 1/3 of people in Great Britain haggle on their bills, including broadband, car insurance, mobile phone contracts, energy and home insurance.
Start by looking into other providers and if you find cheaper alternatives, get in touch with your supplier as soon as possible. Let them know you’re looking to leave so you can speak to the right team to get a better deal. With evidence of more affordable providers you can be polite but firm. Remember, don’t be afraid to actually leave your current provider if they can’t match (or even beat) the better quotes you’ve found.
3) Consolidate expensive debts
If you’re making large payments on credit card debt, car finance agreements, personal loans or store cards, you could save money by consolidating your borrowing. Tidy up your finances by moving your borrowing, from multiple organisations, into one easy to manage and affordable repayment.
Swap & Save Loan
If you have one or more existing lenders, tidy up your finances and keep up with your repayments by merging your existing lenders together. Our Swap & Save Loan allows you to borrow to pay off your existing lenders. As a result, you are left with one easy to manage regular repayment!
The Benefits of our Swap & Save loan
- One fixed regular payment – Our Swap & Save Loan means just one repayment each payday. Numerous payments, on different days to different lenders, can be a thing of the past!
- One interest rate –Make life simple and slash your repayments with one competitive, clear interest rate! Our loans have no hidden fees, and can clear your expensive bills with existing lenders into one manageable and affordable regular payment at just 16.9% APR.
- One clear end date – By consolidating your existing lending, we will pay your existing lenders directly and you will have a clear end date for your loan.
- We’ll do the legwork by paying your existing lenders directly. All that is left for you to do is close the account with them once the debt has been cleared.
4) Shop smart
Every month Which? Compares prices across the UK’s biggest supermarkets, to help find the most affordable weekly food shop. Price comparisons between Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose, revealed Aldi has been the cheapest supermarket evert month so far, followed closely by Lidl. Waitrose was the most expensive supermarket, which was more than 25% more expensive than Aldi!
Want to read more about grocery prices? Check out Which?s guide to the cheapest supermarkets here.
5) Can you reduce your tax bill?
Like many Voyager Alliance members, you may wear a uniform or have to travel to temporary workplaces. If eligible, tax reliefs could help you reduce your taxable income or claim refunds for the last 4 years.
Check out HMRC’s online tools to see what you could claim and get back in your pocket.
New year’s resolutions are a great opportunity to boost your savings and financial wellbeing, and Voyager Alliance is here to help.
It’s so easy to save with Voyager Alliance. Save a few £s straight from your pay and watch you savings grow.