Money Saving Tips for Tenants

  • Author: Lime Property
  • Date Posted: 12th January 2017

Christmas can be an expensive time of year – and it’s easy to find yourself seriously out of pocket when January arrives.

This year, help your finances to recover more quickly and save more of the money you earn by following our top Money Saving Tips for Tenants.

Cut your energy bills

Energy costs can have a real impact on your finances, and taking steps to reduce the energy you use around the home is a great way to cut your bills.

From switching off lights and being clever with the thermostat, to using energy saving settings on your appliances, it’s possible to save hundreds of pounds each year with a few changes.

Check out our energy saving tips for tenants blog post for an extensive list of things you can do to cut your bills.

Swap and save

Never pay more than you have to for your utilities!

Using comparison websites and switching to the cheapest suppliers for your phone, electricity, gas, internet and mobile could save you hundreds of pounds each year.

Unless you pay your landlord for bills as part of the rent, you should be able to decide who to switch to. Just make sure you check the details on your contract before switching.

Make a budget

It’s easy to lose track of spending. If you regularly find yourself running out of money before the end of the month, one of the easiest ways of saving money is to make a budget, and stick to it.

Every purchase adds up, and for most people, the act of tracking incoming money and breaking down spending is a real eye-opener!

Budgeting might seem daunting, but it isn’t as difficult as it seems. You’ll find loads of spreadsheets and free tools available online, like this budget planner from the Money Advice Service.

Get your deposit back

If you’re moving house, then losing your deposit can take a huge chunk out of your savings. Improve your chances of getting your money back by:

  • Checking your contract – dig out that contract, write a list of jobs that need doing, and check them off before you leave.
  • Check your inventory – make sure nothing is missing, and anything that’s been broken is replaced.
  • Fix your damage – if you’ve broken it, fix it (it will usually be much cheaper than having your deposit docked.)
  • Deep clean – it’s amazing the difference a good deep clean can make. This will show your landlord you’ve been looking after the place.
  • Before you leave, take photographs of every room in the property – this will be useful evidence if you do come into any dispute over your deposit.

Get free stuff!

If you’re renting a part furnished or unfurnished property and need furniture or appliances – don’t pay for them, get them for free!

Sites like Freecycle and Freegle are packed with items people are giving away for free in your area, from sofas and beds, to fridges, freezers and small appliances. The best thing is that you can always re-list items you don’t want – great if you don’t want to take things with you when you’re moving to a new place.

If you don’t find anything you like, local charity shops and furniture warehouses are a great alternative – you’ll find high quality stuff, all available at low prices.

Rent smart with Lime Property

Paying too much in rent each month for a sub-standard home? At Lime Property, we’re here to help you out.

We’re absolutely committed to treating all our tenants in a fair, honest and respectful manner at all times. It’s set out in Our Charter – a clear set of guidelines and values that our team members uphold to ensure that our clients are kept happy!

If you’re looking to rent a property in Hull or East Yorkshire, then make sure you come to Lime Property – the lettings agency you can trust to do things the right way.