Getting your finances on order after Christmas can seem like a daunting task but saving money in 2019 couldn't be easier.
We've rounded up 11 sure-fire ways to help you cut the cost of your spending and get some extra cash in the New Year.
This tax-free savings account allows you to save £200 a month (in addition to a £1,000 lump in your first year), and the government adds a 25% bonus to be used when you complete your property purchase.
Once the Help to Buy Isa is gone, there is an alternative - the lifetime Isa. This allows you to save even more than a Help to Buy Isa (£4,000 a year), but the market for accounts is currently much smaller.
The average UK household has around £2,668 of credit card debt and the average credit card interest rate is 18.5%, according to The Money Charity.
Trying to clear a balance of £2,668 at 18.5% APR would take just over four years to pay and cost £1,079.43 in interest if you paid in £75 each month.
You can, however, freeze the interest and speed up the time it takes to clear what you owe with a 0% balance transfer credit card.
By switching to a 36-month 0% balance transfer deal with no fee, for example, you could pay the same £75 a month and clear the debt in just over a year - saving £1,079.43.
You can compare 0% balance transfer deals usingWhich? Money Compareand for more help and tips, check out our guide on the best 0% transfer credit cards.
Over four years, savers can deposit between £1 and £50 every calendar month into a Help to Save account, which is held with the Treasury-backed body National Savings and Investments (NS&I).
The scheme allows eligible savers to to get a 50p bonus for every £1 saved. If you deposited the maximum of £50 every month for four years, you'd have saved £2,400 and earned £1,200 as a bonus - for a total of £3,600.
Just take a look at this example. On a £180,000 repayment mortgage lasting 20 years, a deal charging 4% would cost £1,091 a month. Remortgaging to a 2% rate would cost just£911- saving you £180 a month or £2,160 in a year
Loyal insurance customers are paying way, way over the odds for cover compared to new customers. Which? research published last year found that customers who stick with their insurer pay 38% more on average compared to new customers.
Even if your renewal quote sounds like a good offer, it's always worth checking to see what other deals are available on the market.
are a quick and easy way to see what's on offer and even if you'd prefer to stick with the same company, you could use any better deals that you find as leverage with your insurer to haggle a better offer from them.
You can cut the cost of standard and first-class off-peak tickets by a third with a railcard. If you fall into any one of these three age groups, a rail card is a must have:
If you don't, there are alternatives.The Two Together railcard (£30 a year) cuts a third off ticket prices when travelling in a couple, and the Family & Friends Railcard (£30 a year) cuts a third from adult fares when travelling with children aged 5-15 and as much as 60% on children' fares. Up to four adults and four children can travel on one card.
Switching to a cheaper energy deal could help you save hundreds of pounds instantly.
It takes 16 days to switch your electricity supplier and 17 days to switch your gas supplier, on average, according to energy regulator Ofgem.
If you shop online you should try to get into the habit of using cashback websites to save every time you make a purchase.
Both sites allow you to earn around £300 a year using this simple shopping trick.
Personal finance software can help you manage your finances including your bank accounts, credit cards, investments, income and expenditure from your laptop, computer or mobile phone.
If you regularly buy hot drinks on-the-go, a reusable cup or travel mug could help you save money on your purchases.
More and more high street coffee chains offer discounts if you bring your own cup from home.
The table below shows how much you could save at different chains over the course of a year, based on buying five drinks a week.
One easy way to save money is by moving your subscriptions to a family package.
Depending on the size of your house this could save you your family up to £539.40 over 12 months compared to taking out individual Spotify Premium subscriptions for £9.99.
|Number of people in your house||Annual cost of Spotify Premium||Annual cost of Spotify Premium Family||Saving|
Your home may be repossessed if you don't keep up with your mortgage repayments.
Which? Limited is an Introducer Appointed Representative of Which? Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 527029). Which? Mortgage Advisers and Which? Money Compare are trading names of Which? Financial Services Limited.