February 27, 2020, 9:44 am

4 money-saving services you didn’t know could be pay-as-you-go

by: The Financial Blogger    Category: Personal Finance
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Did you know that British credit card owners owe, on average, £2,000 on those cards? That’s one of several eye-opening statistics from This is Money about Britons’ financial health. The site adds that clearing such debt can take two years, assuming a 17% interest rate and £100 monthly repayment.

Therefore, you should endeavour to avoid accumulating such heavy debt in the first place. However, even if you’re already deep in the red, there are various little things you can do to rein in your routine spending. Even just the following services are available on a pay-as-you-go basis.  

TV services

A while ago, you might have nonchalantly spent big on a large range of TV channels, with the cost of those included in a single, great-value package. Well, it might not look such great value if it dawns on you that you rarely watch much of the channels you have splashed out for.

Perhaps you could forgo paying for that all-in-one package – or even the BBC’s licence fee, if you never watch anything legally requiring that licence – by switching to pay-as-you-go options. Those could include streaming services, of which Netflix, Disney+ and Apple TV+ are good examples.

Photo by Tofros.com from Pexels

Mobile phone services

Given how indispensable a smartphone could seem to your day-to-day life, you could easily be excused for regularly upgrading your phone – and at significant expense – without a second thought. However, the conventional way of funding your smartphone habit isn’t necessarily the best way.

If you currently use a contract phone, you could be paying as much as £50 monthly to your mobile phone company, adding up to hundreds of pounds per year. However, you could switch to a non-contract phone and then use pay-as-you-go vouchers to top up your data as and when necessary.

Photo by Victor Freitas from Pexels

Gym memberships

When investigating how to save money on everyday expenses, what better site to turn to than one aimed at students? Perhaps we shouldn’t be too surprised, then, that Save the Student offers this particular pearl of wisdom: dump that costly gym membership you pay for month by month.

If you’re currently at university, it probably already offers gym facilities you can use much more cheaply. Even if your student days are behind you, it’s not hard to find pay-as-you-go gyms around the UK alone. So, you can get fit both physically and financially at the same time.

Office services

If you run your own business, you could have various costly overheads to think about. It doesn’t help that leasing a conventional office can require you to commit for 3 to 5 years, as an Entrepreneur article explains. If you’re already cash-strapped, such a big commitment can feel daunting.

Fortunately, there are other, comparatively flexible means of sourcing an office, saving you from needing to spend heavily on a contract that you could feel inclined to abandon sooner than previously expected. There are, for example, flexible workspaces in London from BE Offices, allowing you to sign just a one-month rolling contract and quit at short notice.

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