Expense Category Common Costs Alternatives to Reduce/Manage Costs
Housing Costs Rent, council tax, service charge, home insurance, utilities, mortgage
  • Get a roommate or lodger
  • Negotiate rent
  • Switch to a smaller property
  • Use comparison sites
  • Apply for council tax discounts
Transportation Oyster/travel cards, fuel, car insurance, MOT, Uber, vehicle maintenance
  • Use public transport
  • Carpool
  • Shop around for insurance
  • Annual travel passes
  • Regular vehicle maintenance
Food & Groceries Supermarket groceries, ethnic shops, takeaways, meal prep
  • Plan meals
  • Shop discount stores
  • Reduce takeaways
  • Join food co-ops
  • Grow herbs/veggies at home
Communication Mobile phone bills, internet, TV packages, subscriptions
  • Use SIM-only deals
  • Bundle services
  • Cancel unused subscriptions
  • Use free Wi-Fi
  • Negotiate better deals
Healthcare Dental, prescriptions, eye care, health insurance, over-the-counter meds
  • Use NHS services
  • Get prescription prepayment certificates
  • Attend free health screenings
  • Use NHS optical vouchers
  • Consider NHS dental instead of private
Childcare & Education Nursery, school fees, uniforms, books, school meals, after-school clubs
  • Use tax-free childcare
  • Apply for childcare vouchers
  • Buy second-hand uniforms
  • Access free school meals
  • Use library resources
Entertainment & Leisure Netflix, cinema, eating out, holidays, gyms, hobbies
  • Use free community events
  • Look for discounted tickets
  • Exercise outdoors
  • Travel off-season
  • Share subscriptions
Savings & Investments Emergency fund, pensions, ISAs, stocks, investment platforms
  • Automate savings
  • Use employer pension contributions
  • Start with low-cost index funds
  • Take advantage of tax-free ISAs
  • Use budgeting apps
Debt Repayment Credit cards, loans, overdrafts, payday loans
  • Prioritize high-interest debts
  • Consider debt consolidation
  • Negotiate with creditors
  • Avoid payday loans
  • Seek debt advice services
Miscellaneous Gifts, donations, clothing, personal care, home repairs
  • Set gift budgets
  • DIY where possible
  • Shop second-hand
  • Use loyalty programs
  • Look for discounts and vouchers

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