With the never-ending crisis of living expenses, more and more people are looking for tips to save money.
In this quest, people are turning to TikTok for personal financial advice.
Social media influencers seem to have all the answers when it comes to innovative ways to make money.
But the real question is how effective these tricks are.
The experts at My Favorite Voucher Codes found 7 tricks to save money on TikTok and scored the most savings out of 10.
Below is everything we need to know when trying to save a dime.
Save £1,000 a year
@budgetbrojoe An easy way to save #money fast. You will hardly feel it! #finance #savings #learn #moneysavingtips #creativefinance #money #tiktok #fyp #moneytips #3
♬ Save Money Quickly and Easily – Budget Brothers Podcast
The content creators at Budget Bros Podcast have come up with a clever way to save over £1,000 a year in one simple trick.
We check your bank balance every night and promise to transfer the final number shown on your last transaction to your savings account.
For example, if your final transaction is £4.66, you will transfer £6 to your savings account.
Even if you save an average of £27 a week, you’ll save £1,404 at the end of the year.
Rating: 7/10
save money and earth
The author, @hollyvlogs, pointed out the difference between buying a cucumber wrapped in plastic and buying a loose cucumber.
You spend £57 to buy a pre-packed cucumber, but the same loose cucumber costs only 25 pence. it costs you
So make changes and see the difference.
Rating: 9/10
save your subscription
The UK subscription market is booming despite the cost of living crisis.
Tarekomi @Letstackledebt from TikTok sheds light on this practice, noting that by personally auditing bank statements and removing unnecessary statements, you can save an average of £500 a year in the UK.
So check out your subscription and save big.
Score: 8/10
The supermarket is in a hurry
It is easy to abuse in a supermarket. This is because visual merchandisers are hired to create displays that attract shoppers.
The TikTok page @Itsmylondon has great tips on how to save up to £14 in a store.
If you buy just the bottom shelf and your brand, you can collect a whopping £520.
Rating: 8.5 / 10
change supermarket
@thequidsquid Transforming supermarkets #tricks #tips #savings #food #supermarket
♬ Original sound – The QuidSquid
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Content creator @thequidsquid claims that switching supermarkets from Tesco to Aldi and Riddle saved an average of 15% per store.
Furthermore, it details that you can now save an average of £25 per month, or £300 per year.
Rating: 7.5 / 10
pay for yourself
Inspired by the TikTok personality @getwokenotbroke, this savings challenge encourages you to place a standing order on your savings account to pay a set amount on your payday.
The basic idea here is to regain financial control and autopilot.
Rating: 7/10
Lupack
Tarekomi @samchant from TikTok explains that the average number of 10g Lurpak butter packs you get with a standard breakfast is 4-6.
However, you can double it by asking the waiter for a few extra pots.
Given that Lurpak is currently staggering at £9 per kilogram, if you can get away with eight bins you’ll see a cost of £7.20.
Make those savings wherever you go.
Rating: 5/10
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Source: Metro
I am currently a news writer for News Bulletin247 where I mostly cover sports news. I have always been interested in writing and it is something I am very passionate about. In my spare time, I enjoy reading and spending time with my family and friends.