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A bag, plant pot, and wine bottle used for recycled purposes

Simple Tips to Save Money and the Environment

Use these quick and easy tips on how to reduce your expenses AND your impact on the environment.

Are you looking to reduce your spending? Well, have you ever considered that improving your recycling habits may save you some money overall? We want to share some simple ideas on how to save some money and the environment by recycling:

01. Decorate your home wisely

You might be shocked to hear that, according to the Property Developer, the average UK homeowner spends £10,743 on furniture in their first five years of owning a property. This can often lead to people accumulating debt through catalogue loans. Before jumping straight to the catalogues think about refinishing, repainting, or recovering old furniture to save some money. Alternatively, shop for used furniture on Facebook Marketplace and Freecycle to find great deals in your local area.

If you are struggling with catalogue debts, chat with one of our friendly experts for some free initial advice. You may be eligible for a consolidation loan to support you in repaying your debts.

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02. Show your garden some TLC

Composting is a really rewarding activity that will cut the cost of your supermarket shop by letting you grow your own fruit and vegetables.

03. Repurpose your old food containers

There are so many ways to reuse storage containers. For example, have you ever considered using wine bottles as candle holders? Or jam jars for plant pots?

04. Make money from your old electronics

Recycle your old mobile phone, video games, and CDs by selling them to companies such as:

05. Dump the disposables!

Investing in reusable bags and containers can help save the environment and avoid extra costs. For example, taking bags with you when you do the food shop will have you having to buy plastic bags. Additionally, if you invest in a good reusable water bottle you will save money on having to buy water on the go, this will also reduce the amount of plastic you buy.

06. Rethink your wardrobe choices

We all know the old saying:

“one person’s trash is another person’s treasure.”

And when it comes to your clothes, this statement could not be truer. If you were to attempt to cut down on your fast fashion purchasing, you may be surprised at the money you could save. Consider buying your clothes from a thrift shop –this can be a fun day out for you, and you might find some hidden gems much cheaper than high street prices. Also, instead of throwing out your old clothes, we recommend that you attempt to up-cycle them. Who knows, up-cycling could become your new favourite hobby!

These quick changes will help you to reduce your carbon footprint with the bonus of reducing your spending.

If you are still feeling like you could benefit from expert debt advice speak to our team. We may be able to support you on your financial journey.

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Our author Maggie

By: Maggie Elliott.

An advisor pointing to a screen displaying Rep APR.

APRs from 5.8% to 89.9%

We are a broker, not a lender.

Unsecured Loan Representative 69.9% APR

Borrowing £7,500 over 36 months, repaying £502 per month, total repayable £18,083. Total cost of credit £10,583. Interest rate 69.9% (variable). The lenders on our panel offer loans for 12-60 months, with rates from 5.8% APR to 89.9% APR. The Representative Example is based on all loans paid out by lenders between 19th Apr 2022 and 23rd Dec 2022.

Secured Representative 11.7% APR

If you choose to add fees to the loan: Assumed borrowing of £25,000 over 120 months, plus a broker fee of £2,500 and a lender fee of £250 would result in monthly repayments of £345.55, the borrowing rate is 8.6% (variable), the APRC is 11.7% (variable), total charge for credit £16,466.00 and the total amount payable £41,466.00. You can opt to pay the lender and/or broker fees upfront, your adviser will discuss these options with you.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it. All rates vary subject to loan amount, loan type and status. Repaying your debt over a longer period of time may increase the amount you pay.

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