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Top tips for saving money as a young professional

With fast paced and eventful lifestyles the norm, there’s no doubt that saving money as a young professional is a priority.

With that in mind however, it can be very hard, especially when Leeds supplies so much culture and entertainment.

So, how can you save money while renting in Leeds?

Voucher deals

If you’re looking to cut back but still enjoy an active lifestyle, the search for voucher deals is almost certainly a task worth completing.

From restaurant deals to clothing and even bills, great savings can be made on the internet if you search them out.

Websites such as Money Saving Expert and Groupon can really help find the best deals on offer, even on the essentials such as electricity and gas.

Preparing meals for work

Although nights out might cost you between £20-£60 depending on what you do and where you go, a large and silent drain on funds can often be placed on work lunches.

We’ve all gone for those £3 Tesco meal deals, and occasionally they can be very good, but when you add up the expense, just three a week can total nearly £50 a month.

Even that might not seem like a big deal but the truth is you can prepare very healthy and very satisfying meals from home for around £1 a day depending on how skilled you might be.

Check out this handy blog for some great money saving meals that can be enjoyed throughout the week.

Splitting the essentials

As stated in our own blog, splitting bills and every day essentials while renting is one of the greatest ways to save money.

From ordinary and often forgotten items such as bleach and polish, to Netflix and Amazon Prime accounts, great savings can be made when a team of housemates pull together and fund a small pot for every day expenses.

Stick to streaming services

Once upon a time you could “get away” with not paying the television licence fee if you didn’t have a television.

But due to the fact that there are now a range of technologies to enjoy films and television shows, you can keep up on the latest series and boxsets without owning a television license.

Although you certainly do need a television license for BBC iPlayer, if you stick to Netflix, YouTube, or Amazon Instant video, you don’t currently need a license.

The same applies to programmes on ITV hub or other non-BBC services.

Dig out the best and cheapest insurance

Its only something that you have to do once, but taking your time to dig out the best insurance deals on your belongings can save hundreds of pounds.

It’s also important to remember that different types of cover will exclude different things.

Check whether you want personal belongings cover (items insured outside the home), comprehensive accidental damage cover (fewer than one in five insurance policies offer cover for damage caused by yourself), or home emergency cover (for when you need help in emergencies).

Bottomless events

If you really want to enjoy yourself a little bit, Leeds is good for offering snappy but joyous bottomless events where you can eat and drink as much as you like in or around 90 minutes.

Often found in the form of “bottomless brunches” you can also find these events and deals on school nights where the prices are a tad cheaper.

Check out some of the hottest and carnivorous bottomless events here.

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