Mum shares top tips for saving money after she cuts bills by £804 in 15 minutes

A mum-of-two has shared how she managed to save a huge £804 in just 15 minutes.

Alice Matthews, known as @MotherHustlerUK to her Instagram fans, managed to re-asses her expenses and keep more of her cash.

And, she did so without giving up her luxuries.

The challenge was set by MoneySuperMarket as part of their Financial Fitness campaign.

Alice was asked to look into how much money she could save using the price comparison website within 15 minutes.

The mum quickly found that she could be saving a huge amount by switching energy suppliers, phone contracts and more.

Alice managed to switch both her energy supplier and car insurance provider, saving £400 and £249 respectively.

Then, the mum changed her annual travel policy to a one-off policy to cover a single holiday – saving £35

She saved a further £120 switching phone contracts.

In total, the mum saved a huge £805 on her household bills in just 15 minutes.

Alice told the Express: ”The savings I’ve made mean a lot.

“This year has been a tough year for everyone, so to be able to save over £800 on my household bills is a real result.

"It makes paying the monthly bills that little bit easier and it also gives me a great sense of money calm to know that I’m not overpaying."

Now that she’s slashed her costs, Alice shared her top tips for saving even more cash.

Her number one advice is to keep an eye on existing contracts and reassess when they come towards closing.

However, she also saved money on day-to-day things by switching to a cheaper supermarket and batch cooking meals.

Incredibly, despite the difficult financial circumstances of the global pandemic, MoneySuperMarket has found that 77% of Brits have saved money during lockdown.

The average amount saved is £477.

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Claudia Nicholls, commercial director for money at MoneySuperMarket, commented: “What our research shows is that, for some, lockdown has presented an unexpected opportunity to save money that would have, in many cases, otherwise been spent on expensive commutes or childcare.

“It’s particularly cheering to see how Brits have channelled their world-renowned resilience and resourcefulness into great money saving hacks under lockdown by selling things online, cutting their own hair and baking their own bread."

She continued: “Even by just shopping at a cheaper supermarket or growing your own vegetables, you can save a decent amount.

“Make sure you’re getting the most of your savings by monitoring your rates, keep an eye on the highest-paying accounts, and be willing to switch frequently and quickly.

"You may also be able to consolidate existing debts by taking out a zero percent balance transfer credit card – just make sure you take an eligibility test so you’re confident you can get the card of your choosing.

"It’s also crucial that you pay the minimum repayment each month and pay any debt off before the zero percent interest period ends.”

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