10 New Year’s resolutions to help you gain pounds in 2016
2016goals.jpg

1. Cut back on your caffeine

Your daily morning coffee may give you a much needed boost, but cutting it out could provide an ever bigger boost to your finances – up to £767 each year to be exact. But if you can’t forgo your morning cuppa, skip the queues and make it for free at home or at your workplace instead.

Amount you could save by the end of 2016: £767

2. Ditch your weekly takeaway

After a long week, it’s easy to be tempted to a night off from cooking, but did you know that ditching your weekly takeaway could save you thousands? Enjoying just one takeaway pizza a week with two sides will set you back more than £1500 over the course of the year. Why not opt for one of the great supermarket alternatives available? Many retailers also offer healthier, lower calorie options, meaning they’re a bonus to your waistline as well as your bank balance.

Amount you could save by the end of 2016: £1,506.44

3. Stub out the cigarettes

One of the most harmful habits to your health will also make a damaging dent to your bank balance, costing up to £3,362 a year. So stub out those cigarettes or see your potential savings go up in smoke.

Amount you could save by the end of 2016: £3,343.40

4. Cut back on the booze

If you’re partial to the odd glass of wine or pint after a long day, then bear in mind recent figures which reveal the average Brit now spends around £787 on alcohol each year. According to Cancer Research UK’s Alcohol Calculator, just three large glasses of wine or four pints of beer throughout the course of a week will cost you a whopping £636 a year. It really does pay to cut back on the booze.

Amount you could save by the end of 2016: £787

5. Give impulse shopping a miss

Window shopping may be free, but when willpower gives way, it’s easy to get carried away, especially when it comes to online shopping. Cutting back the monthly splurges by just £50 a month will save you £600 by the end of the year.

Amount you could save by the end of 2016: £600

6. Make healthy homemade lunches

During a busy working week, convenience is often king when it comes to grabbing lunch. However, spending a quick ten minutes preparing a packed lunch could save you big money through the year. A lunch that will cost you £2 to prepare at home will often cost you at least £7 in some larger quick-service lunch chains, especially once you’ve added a few standard extras, such as a drink or bag of crisps. Planning your meals will also mean you’re less likely to buy any impulse calorific treats – meaning fewer pounds on the waistline and more pounds in the bank.

Amount you could save by the end of 2016: £1,300

 7.  Don’t be lured by expensive gym memberships

If you plan to start the year with good fitness intentions, don’t fall into the trap of signing up to expensive 12-month gym memberships, if there’s a strong chance you could lose interest after a month. A £50 per month gym membership will cost you £600 a year. So check out cancellation terms in advance and see if a cheap trial membership is available first. There are also a host of apps and websites available offering free fitness programmes and advice to get you motivated - Nike+ Running and 100% Army Fit (both available on iOS and Android) are two great options to consider.

Amount you could save by the end of 2016: £600

8. Walk or cycle to work

The daily grind of commuting is something few enjoy, so why not get your day off to a more active start by walking or cycling to work where possible. Many companies offer free cycle to work schemes and it’ll save you a fortune on petrol costs and train fares.

Amount you could save by the end of 2016: £1,716

9.  Don’t grab breakfast on the go

Porridge may be good for us, but at £2 a pop in some of the larger chains, it pays to be prepared. Enjoying breakfast at home or at the office can save you up to £520 a year.

Amount you could save by the end of 2016: £520

10.  Give up the junk food

We’re all partial to the occasional treat, but cutting back on junk food binges could save you big money over the course of the year. Forgoing your daily chocolate fix can save you up to £219 a year, whilst just one bag of Doritos with dip once a week could make a £130 sized hole in your annual savings. Ice cream addicts should also be warned – just one tub of Ben and Jerry’s per week can cost you up to £260 over 12 months.

Amount you could save by the end of 2016: £609
 
Thanks to Julie Hutchison at Standard Life for sharing these tips.

  •  There are more money-saving tips in every issue of Yours magazine, out every fortnight on a Tuesday.