I’m all the time on the hunt for a deal or a technique to save a couple of quid. So I’m happy to say that in 2021, I’ve managed to make myself over £350 richer by sticking with my frugal methods.
So with the 12 months drawing to a detailed, I believed I’d share my two greatest money-saving tips with you.
Trick 1: how I pocketed £260 by switching financial institution accounts
The UK’s present account market is fiercely aggressive, with banks preventing with one another to draw new prospects. One of the vital frequent techniques to seize new prospects is to pay chilly onerous money to these switching from different suppliers.
Fortunately, it’s simple to benefit from this generosity by switching accounts for the only objective of bagging free money. I’ve completed this repeatedly over the previous few years, and by my calculations, I’ve managed to pocket near £1,000 in complete.
As I’ve completed it on so many events, I’m not all the time eligible for each new supply. Nevertheless, I did handle to bag two biggies this 12 months. In September I pocketed £125 for switching to Nationwide, and a month later, I switched the identical account to Santander, grabbing one other £130!
That’s a complete of £255 for doing little or no, aside from guaranteeing I moved throughout two direct debits, and, for the Santander supply, paying £1,000 into the account.
Whereas the Santander supply has since ended, Nationwide’s change supply continues to be out there. See our article that totally explains the ins and outs of the supply, together with a tip on tips on how to get the larger £125 bonus, reasonably than the £100 out there to non-Nationwide prospects!
What different financial institution change provides are at present out there?
Apart from Nationwide, there are two different scorching financial institution change provides out there proper now.
First Direct at present pays switchers £100 when opening its 1st Account. To get it, you should be a brand new buyer and pay in at the least £1,000 inside 90 days of opening the account.
Virgin Cash is one other financial institution that pays a juicy bonus. Whereas it doesn’t supply money, it rewards switchers to its ‘M’ Account with a £150 Virgin Expertise Day present card, or 12 bottles of wine. To qualify, you have to change to the account, pay in at the least £1,000, and transfer over two direct debits. You will need to do that inside 45 days of opening the account.
What do it’s essential know earlier than switching checking account?
Financial institution switching is straightforward because of the seven-day change assure, which ensures all your funds, together with any standing orders and direct debits, are moved over as a part of the method. That is all completed inside every week and also you aren’t accountable for any errors made by your financial institution.
It’s additionally value realizing that you simply don’t all the time have to change your important checking account. I solely ever change an account that I don’t use daily – by no means my ‘important’ checking account.
For extra need-to-knows, see our article that explains tips on how to change checking account.
Trick 2: how I saved £110 utilizing free music streaming trials
Everybody loves listening to the newest tunes, however not everybody likes paying for a month-to-month streaming subscription. Fortunately, I’ve been in a position to take pleasure in a 12 months’s free music streaming in 2021 because of a number of free trials.
Final Christmas, I handled myself to a brand new telephone and wished a music streaming service to go together with it. Much like the financial institution switching market, music streaming is a really aggressive business. There are a number of suppliers keen to draw new prospects, so many will supply beneficiant free trials to get you on board.
So in January, I pounced on a deal from the ‘Tidal’ streaming service, providing 5 free months (£9.99 thereafter). Upon signing up, I instantly cancelled my subscription, protected within the data that I wouldn’t be charged when my trial ended on the finish of Might. I used to be then in a position to take pleasure in 5 months of music streaming totally free.
On the finish of the trial, I used to be looking out for one more free music streaming trial. Step ahead Spotify with its three-month trial for brand spanking new prospects. This was just too good a deal to show down, so I signed up. This gave me add-free music streaming with out the £9.99 month-to-month value, setting me up for the summer time.
As soon as my Spotify trial ended, I repeated the identical course of with Amazon Music, scoring one other three months of streaming for nowt. In complete, I’ve bagged 11 months of music streaming in 2021 for gratis.
What do it’s essential find out about free music trials?
Most free streaming trials are usually reserved for brand spanking new prospects. This implies I gained’t have the ability to repeat the identical trick subsequent 12 months. It’s additionally value realizing that gives change often, so there’s no assure you’ll get the identical trials I had.
That stated, between Spotify, Apple Music, Amazon Music Limitless, Tidal and Deezer, there’s often at the least one first rate trial floating about.
Right here’s to a different money-saving 12 months in 2022!
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