For free and impartial money advice and guidance, visit MoneyHelper, to help you make the most of your money.


How to Perform A Money Makeover

Guides / Debt Info

For free and impartial money advice and guidance, visit MoneyHelper, to help you make the most of your money.

How can you save money from things you’re already paying for? Sounds like a losing battle, doesn’t it? Well, if you really think about it, you can go about getting or paying for the same things you’re currently paying for (such as bills and debts) but for less money. Pretty much a no-brainer! 

How do you go about it though? And what sort of things can you save money on? We’ll take you through all the various things you might be able to save your money on, and how you can have your own money makeover.

Household Bills

One of the biggest and easiest ways of having your own money makeover is looking at what you spend every month on your household bills. Often you’ll find that you’re actually paying too much for your bills, and there are cheaper options out there.

Gas, Water & Electricity

You can easily cut your utility bills by going through the small print of your utility agreements and making sure you’re not overpaying. Having a smart meter monitor your water can also be a great way to take steps towards a money makeover. Doing this can save as well as keeping an eye out for switching deals can save you hundreds every year.


This doesn’t have to involve you buying lower quality food – it merely means you should start looking to those alternatives to the premium brands! This can save you lots of money and should be a central part of a money makeover.

Council Tax

Due to all sorts of complications with the council tax system in the UK, many of us are paying much more than we should be. It’s worth double-checking which tax band you’re in, as you could be paying more than you need to. 


Car insurance, home insurance and life insurance can all be manoeuvred to save you big money. Ditch, switch, and save!


These can be a real headache to deal with, however, with a bit of planning and thought, you can end up saving some money on them, giving you a bit more in your pocket at the end of the day.

Credit Cards

A quick money makeover involves switching your credit card debts to a different card with the lowest possible rate. This could save you hundreds every year.


Mortgage savings can be huge – but many people are put off as they can be tricky beasts to manoeuvre. They’re actually much easier to sort out than you might think, and can be an essential addition to any money makeover. 

Minimum Repayments

Another one that people might not realise is the minimum repayments on your credit card. They’re effectively designed to keep you in debt for as long as possible, but there are ways and means of getting out of this by not necessarily paying more. Shifting your debt to a 0% card can really help out.

Personal Bills

There are all sorts of different things that you probably use or engage with every day which you could be cutting back and saving big. Let’s have a look at personal bills for your money makeover.

Mobile contract

The mobile marketplace is a pretty fearsome place. Everyone is competing against each other, so with a bit of pushing, you should be able to get some pretty big reductions on your contract.


If you have a regular prescription, you should be able to save a bit of cash by getting your hands on an annual prescription prepayment certificate. Also, you can save money by not buying the branded medicines – identical products are widely available at a fraction of the price. 

Fuel & Transport

Petrol can be pricey. But you can find ways to not spend top dollar on your fuel. Keep your eyes peeled for the cheapest fuel near you. Supermarkets also usually do slightly cheaper fuel as well. If you take the train regularly, there are also a whole load of ways of getting cheaper tickets, like ticket-splitting, which can save you a bundle.

Other handy hacks

While these tips and tricks can help you with a money makeover, you might be wondering if there are any other methods you can use to boost your funds and have a bit more cash in your wallet. Here are some other ways you can improve your finances.

Income boost

Getting an additional or freelance job can really help boost your income. These can involve doing all sorts of different things – from getting paid to fill out surveys to proof-reading articles.


Switch out your credit and debit cards for a cashback card. Cashback cards basically let you earn money as you spend it, which can be a really profitable way of getting some extra cash in your pocket as long as you keep on paying off the card.


There are thousands and thousands of unclaimed grants out there to help you with energy efficiency amongst many other things. The Green Homes Grant can also get you up to £5,000 in government vouchers, and there are all sorts of education grants that you can take advantage of too.

Selling Online

eBay is the big one for selling online, and even though you do have to pay a small fee to list your items, there are ways around this if you list things carefully. You can also list automatically, and find that the items you never thought would sell are actually worth big bucks!


The bane of anyone’s life! We all have to pay our taxes, but are you overpaying them? There are all sorts of mistakes made when it comes to taxes, with people often paying too much (or too little) and not even realising it. Be sure to double-check, as you could be paying too much and you may be able to save.

Final thoughts

So there are our top tips for a money makeover. There are so many different ways of saving your hard-earned cash, and probably lots of different ways you didn’t even realise. Make sure you have all the necessary paperwork to hand for each step you take with any of these, and you’ll be sure to save some money with a money makeover.


Are you struggling with debt?
Are you struggling with debt?
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