Hope to save money this year? Here are sixteen tips that can help: 

1. Buy non-perishable items in bulk.
2. Plug out devices that are not in use around the house.
3. Learn/use basic DIY skills to repair things around the house.
4. Pack lunch – it will be delicious and cheaper than eating out.
5. Got a raise? Save the extra money and continue living on your old salary.
6. Put change in a piggy bank – you will be surprised how fast it adds up.
7. Put the extra cash you would have paid towards taxes at the beginning of the year in your savings account.
8. Instead of renewing your gym subscription, exercise outdoors (our mountainous terrain can provide a great workout).
9. Break an unhealthy habit (e.g. buying chewing gum or coffee every day) and put that money towards your savings.
10. Only take as much money as you need when you go out. Leave the rest at home with your credit cards.
11. See if your favourite newspapers or magazines have subscriptions which could save you money or, even better, are free online.
12. Make a list when you shop – it can help you to avoid buying unnecessary items.
13. Compare the prices of the staple items on your shopping list at different stores. You may be able to save a few pennies (or dollars) by purchasing them at another store.
14. Try a generic brand. Sometimes, the only difference is the name not the quality.
15. Don’t take young children shopping – they make it very hard to say no.
16. Commit to a savings challenge. That way, you know what your goal is and you can put money aside every day, week or month towards that goal. View four options here.