Their expensive previous year had left them £4,000 in credit card debt – with payments escalating by the day
Morgan and Tom Brown faced homelessness this time last year.
They had just discovered their landlord had placed their home on the market.
The pair, from Norfolk, were thousands of pounds in debt too.
Their expensive previous year had left them £4,000 in credit card debt – with payments escalating by the day, reports The Mirror.
Now, mum-of-two Morgan has revealed how she and her husband turned their finances around.
Now, they are on track to buy their own home.
The 30-year-old said: “We weren’t spending on anything too elaborate, no luxury holidays or anything like that.
“But we were overspending on things like clothes and food and stuff we didn’t need – we were quite big shoppers.
“I wasn’t too worried about it at the time – it was just one of those things I thought I would deal with in the future.
“But when our landlord decided to sell up we didn’t have any money to move – so we couldn’t afford the fees or the deposit to move, and had no money for emergencies.
“That was the wake-up call and when we decided things need to change after that. Enough was enough.”
Morgan’s 18 money-saving tips
- Clip coupons – Coupons can be picked up from numerous places including free in store magazines, online or I have seen them alongside my grocery receipts. Here are six of the best ways to find them .
- Get cashback – Cashback sites such as Topcashback and Quidco offer a percentage of your purchase back when shopping. Phone apps such as Shopmium or Checkoutsmart offer cash back on your in store purchases. You can read more on how cashback websites work, here .
- Look for coupon codes – Just like in store coupons you can hunt for online coupon codes – here’s how .
- Shop around – Shop around to find the cheapest price. Google is great at showing you where your item is available and how much it costs at different retailers. Use MySupermarket for grocery savings.
- Make your own lunch – Take a packed lunch to work or school. Buying lunch may be easier when you a have hectic morning but if you get organised by making lunch the night before you could save £20+ per week. T his mum saved hundreds by knocking her kids’ packed lunches down to 90p – she’s even won awards for it .
- Use store loyalty cards – There are so many loyalty cards available these days which have some great incentives.
- Only buy what you need – This one seems obvious but it’s so easy to get caught up in a spending frenzy. If you don’t need it, don’t buy it.
- Meal plan – Plan your meals out for the following week, go through your cupboards, fridge and freezer. If possible plan meals around what you already have. Here are 4 surprisingly tasty meals you can make for 42p or less .
- Write a shopping list – Ever gone grocery shopping, forgotten what you need and bought duplicates? Write a shopping list and stick to it.
- Be realistic – If you haven’t got the money for something then just be honest. There is no shame in admitting to someone else that you can’t afford something. Suggest a cheaper or free alternative.
- Take a step back and create a budget – Creating a budget will open your eyes to what money you have available and where it’s going.
- Set a goal – For some people saving money seems pointless. Set a goal and it starts to have meaning. Let’s face it you won’t put the extra effort, time or energy in doing these things if you don’t have a reason to.
- Yellow stickers – Get up to 75% off your groceries when they have been reduced with yellow stickers. This is the best time to find them .
- Unplug electrical items – Unplug your chargers when they are not in use and switch your TV off at the wall they will still use a small amount of electricity when left on standby. We’ve also got plenty more energy-saving tips here .
- Use your local library – Most libraries now have internet access as well as lending out books, DVD’s and CD’s.
- Eat your leftovers – If you have leftover food eat it up. Food is often safe up to 3 days after cooking, although always check and use your common sense.
- Get rid of any unused memberships – If you have any unused memberships draining your account each month cancel them – here’s how .
- Borrow – Instead of buying something first think about if you could borrow it from friends or family.