Kildare 045 888007 | Galway 091 759555

As the cost of living continues to rise, more and more people are struggling financially this year and are looking for ways to save money. However, even those who earn an above-average income can find themselves short on cash if they aren’t careful about their spending habits!

Here are 5 simple money-saving tips that can help you to start getting your finances in order. Please remember that these are just short-term suggestions and we recommend that you speak to a Qualified Financial Advisor if you’re looking to begin long-term Financial Planning.


1) Know Your Budget

This should be the first and most important thing you do with your money. You need to see how much you spend in a day and how much you have left over. Get some resources together; including bank statements or log into your online banking and start taking notes. It’s time to keep track of how much money you actually have to spend and where your outgoing expenditure is really going. 


2) Avoid Frivolous Purchases

One of the best ways to save money is to avoid buying silly things you don’t need. When you’re thinking about whether or not to buy something, ask yourself, do I really need this and do I truly even want this? If the answer is no, then don’t buy it. There are plenty of other immediate ways that you can feel happy without spending lots of money on one-off purchases you’re likely to forget about in a month!


3) Claim Tax Back From Revenue

This one may not apply for everyone but it’s worth looking into if you haven’t before. If you earn money from employment or running a business for example, you may be entitled to some of the money back in return for having paid your taxes. You may also be entitled to tax back on some medical or dental expenses. To find out if you’re eligible to receive anything, log into your account on


4) Set Up A Second Bank Account For Savings

Opening a second ‘savings’ account with your bank can help you to separate your expenditure and save money. When you transfer money to this account, you’re less likely to spend it on impulse purchases. Plus, when it comes time for the next unforeseen, next nasty motor bill, the money will be there. Make sure to first check with your bank for an option that best suits your needs.


5) Avoid Unnecessary Long Term Payments

If you’re paying a monthly fee to that golf club but you never visit, or if you’re paying for 300 TV channels that you’ve never watched; cancel these kinds payments if at all possible. A lot of people join gyms with expensive long-term memberships and then never go, but still pay every month. If you’re thinking about joining a gym in January 2023, for example, this may be something to consider!

Bonus Tip – Reach Out To A Financial Advisor

Do you want to achieve your short or long-term Financial Goals?  We understand that finding time to work out and then manage a comprehensive financial plan all by yourself can be challenging.

Our qualified and experienced Financial Planning team work with you to establish your goals and ensure your objectives are achieved.

Our plans cover a wide variety of topics and are tailored to suit our client’s individual requirements, including;

  • Life & Serious Illness Cover
  • Mortgage Protection
  • Income Protection
  • Inheritance Planning
  • Pension & Retirement Planning
  • Investments
  • Savings

We Guarantee

  • To provide unbiased financial planning advice.
  • To research the market for the most suitable option available to you.

Murray & Spelman (Financial Services) Ltd help you plan for your future, while you live for today!

Contact Murray & Spelman

If you would like to learn more or ask specific questions, please contact us below.  Contact Murray & Spelman Financial Services Ltd over the phone or by email, to find out more and receive a complimentary consultation.

Phone: Kildare 045 888 007 Galway 091 759 555


Murray & Spelman Financial Services Ltd is Regulated by the Central Bank of Ireland. All details and views contained within this article are for informational purposes only and does not constitute advice. Murray & Spelman makes no representations as to the accuracy, completeness or suitability of any information and will not be liable for any errors, omissions or any losses arising from its use.